LAS VEGAS — Retailers want the best, and mall owners are trying to give it to them.
With the recession zapping many retailers’ appetites for unproven real estate and miniscule recent mall development in the U.S., demand for space at prime shopping centers has begun to outpace supply — and mall companies are sensing an opportunity to react. At the International Council of Shopping Centers’ RECon convention that ran here from May 20 to 23 and was attended by 33,000 people, up 1,000 from last year, developers gauged retailers’ interest in a few key new shopping centers, downturn-stalled retail developments rising from the dead, expansions to existing retail gems, urban infill possibilities and a slew of outlet projects.
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