News & Trends

We’re headed to Las Vegas for ICSC RECon 2012

Posted by: Dave Bujnicki Dave Bujnicki
on May 17, 2012

The ICSC RECon convention is the global conference for anyone in the retail, shopping center, and mall industries. This year’s event is expected to draw some 30,000 attendees and 1,000 exhibitors, all looking forward to the show’s educational sessions, and networking and deal making opportunities. Naturally, we wouldn’t miss it!

About 100 Kimco team members will be in Las Vegas for RECon, which takes place this year May 20-23. Many of us will be mixing and mingling at the common ground of our booth, which is #C1739, 17th Avenue. I’ll be participating in approximately 20 meetings with institutional investors and research analysts, along with our CFO, Glenn Cohen.

This year, we have something special in store for all our booth visitors. We’ll be running our new “iPads for iDeas” contest. The way it works is simple. On the back of your business card, write down your best idea for a post for our blog. It could be about anything related to retail and retail investment that you want to see Kimco’s executive team address. Make sure it’s interesting and different.

We’ll be collecting everyone’s business card at our booth, and drawing one winner at the end of each day on Monday and Tuesday (May 21st and 22nd). Winners will get a brand-new iPad2, and have their idea featured on our blog.

Three of us are also participating in RECon’s educational sessions this year:

  • Dave Henry, Kimco’s CEO, will be speaking on industry perspectives on May 21 at 1 p.m. His presentation will mark the end of his year-long service as ICSC Chairman, so it will be a memorable moment for all of us at Kimco, and a nice time to reflect on everything this great organization has achieved over the past year.
  • Mike Melson, Managing Director of Kimco’s Latin America Operations, will be a panelist for the Opportunities in the Latin American Retail Real Estate Industry discussion on May 22 at 3:30 p.m. He’ll be talking about several retail real estate opportunities in the Latin American market that many investors might not be aware of, and explaining why the area’s commodities and natural resources make it a desirable investment choice.
  • Geoff Glazer, our Vice President of Development and Acquisition for the Northeast and Mid-Atlantic Regions, will be leading a roundtable discussion as part of RECon’s Student SIG forum on May 22 at 11 a.m. His roundtable will be an open forum for students to learn about redevelopment opportunities in retail real estate.

Many more great sessions are planned for RECon 2012, all covering hot topics and major trends impacting retail and the shopping center industry. This year’s keynote speaker is Malcolm Gladwell, bestselling author of “Blink,” “The Tipping Point,” and “Outliers.” You can take a look at the complete RECon 2012 program online.

There will be plenty of other activities and attractions at the event as well. New this year is the Marketplace Mall@RECon, formerly the RECon Trade Expo. The Marketplace Mall will feature over 300 product suppliers and service companies in one place where retailers, property managers, and owners alike can find and evaluate new products and services for their businesses.

Another major component of RECon is its Leasing Mall, a networking space where professionals from around the industry — owners, developers, retailers, brokers, economic development agencies, municipalities, financial institutions, and lenders – can meet, network, and conduct business.

Within the Leasing Mall will be the new Cities of the World Pavilion. This is a leasing exhibit exclusively for authorities from cities, municipalities, government entities, and non-profits. Other attractions this year include the Canadian Pavilion, the Finance Pavilion, the Technology & Social Media Pavilion, the Design Trends Exhibit, and the Student Program, which is also new for 2012.

If you’re planning to attend RECon, we hope to see you there. And whether you’re able to make it or not, keep an eye on our blog during and after the event. We’re planning to capture photos and other coverage from the show and post them here.

2 COMMENTS

In the event I can’t drop this question off with my business card, I’d be curious to know how Kimco works with developers and the retail communinty on JV equity opportunties, equity returns etc. for new JV developments & tenant expansions?

Mike

May 17, 2012

Kimco’s JV platform allows institutional financial partners to co-invest with us in specific properties or portfolios that Kimco will manage. Our JV partner’s rely on Kimco’s national property management and leasing platform to operate the centers and benefit from our deep relationships with the retailers and local brokerage markets. Kimco benefits from these relationships since the JV structure allows Kimco to earn its targeted returns by acquiring higher quality properties in the best markets. From a property operations viewpoint, the more properties we control, the deeper our relationships with our tenants can be and the more effective we are at maintaining or creating value in retail real estate. Other than in special circumstances where local management is highly beneficial to the success of the investment, as is the case with our joint ventures in Mexico and Canada, Kimco rarely provides equity to smaller developers.

We are interested in buying shopping centers located in major U.S. markets, and if you have any potential candidates or would like to know more about the properties that Kimco would be interested in purchasing, please reach out to Kimco’s head of acquisitions, Scott Onufrey, through our web page at http://www.kimcorealty.com.

May 30, 2012


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