In its June 1, 2011 issue, GlobeSt.com posed six questions to Los Angeles-based Cox Castle & Nicholson’s Gary Glick, a partner in the firm’s retail group.
“We are working on just about every type of transaction you can imagine with respect to retail development and leasing,” Glick told GlobeSt.com. “It is a nice incremental uptick in activity from the first six months of 2009, when the retail markets were ‘stuck’ like much of the US economy.”
Glick added: “The new normal is nothing we have seen for a few decades. However, the economy is slowly improving—it is just going to be a very slow incremental improvement. Unfortunately, the recovery is so fragile that it can be significantly impacted by numerous factors such as oil prices, war and European debt.”