Written by Kris Hudson, Real estate news and analysis from The Wall Street Journal [October 25,2010]
ORLANDO, Fla. — Whither the American shopping mall?
That was the question pondered Sunday by a panel of three leading Wall Street analysts, moderated by this story’s author, at the International Council of Shopping Centers’ Pathway to the Future conference in Orlando.
The panelists – UBS’ Ross Nussbaum, Morgan Stanley’s Paul Morgan and Citigroup’s Deborah Weinswig – envisioned a future with little near-term retail development other than outlet centers. Grocers and discount retailers like Costco Wholesale Corp. will become a primary option for landlords seeking to fill vacant department stores, they said. A sustained recovery will depend on job growth.
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Hank Saurage obtained his Real Estate Sales License in 1984, followed shortly thereafter by his Real Estate Broker’s License in 1986. To further expand his business, he then obtained his Real Estate Broker’s License in Mississippi in 1997. In 1990, Hank earned the CCIM (Certified Commercial Investment Member) designation from the Certified Commercial Investment Member Institute. He is also a member of the Louisiana Commercial Data Base (LACDB), the National Association of REALTORS® (NAR), and the Greater Baton Rouge Association of REALTORS® Commercial Investment Division (CID).
Saurage Rotenberg Commercial Real Estate is a member of the Baton Rouge Area Chamber of Commerce (BRAC); the West Baton Rouge Chamber of Commerce; the Baton Rouge Growth Coalition; the Baton Rouge Better Business Bureau; the Louisiana Commercial Data Base (LACDB); and the International Council of Shopping Centers (ICSC). Several agents, on an individual basis, are members of the Society of Industrial and Office Realtors® (SIOR), the Certified Commercial Investment Member Institute (CCIM); the National Association of REALTORS® (NAR); and the Greater Baton Rouge Association of REALTORS® Commercial Investment Division (CID).