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Randy S. Gold, CPA
May 27, 2009
There is no doubt that this year’s International Council of Shopping Centers RECon in Las Vegas was unlike any in recent memory. Even with show attendance down approximately 50 percent and parties significantly scaled back, attendees at this year’s edition of the largest real estate show in the world meant business.
Conversations about the poor economy were as common as a $1.99 all you can eat Vegas buffet. While the prevailing theme of the show was the sour market condition, many discussions focused on – brace yourself – making the most of these troubling times. With no clear end to the economic malaise in sight, most think the marketplace will get worse before it gets better, evidenced through many conversations on the floor.
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