Nicholson of SBLM: Anticipates a productive event

Name: David Nicholson, AIA, LEED AP O&M Title: Principal Company/Firm: SBLM Architects Year Founded: 1993 (Predecessor firms, 1963) Years in real estate industry: 31 Telephone: 212-995-5600 Email: [email protected] URL: www.sblm.com Twitter: @SBLMArchitects Facebook: www.facebook.com/sblmarchitects Real Estate Associations/Affiliations: American Institute of Architects (AIA), Leadership in Energy and Environmental Design Accredited Professional Operations and Maintenance (LEED AP O&M), National Council of Architectural Registration Boards (NCARB) What are your expectations for the ICSC NY conference this year? We hope to fortify existing relationships, and introduce ourselves to potential new clients as well. I anticipate a very well-attended and productive event this year, building on last year's success. Are investors finding the types of properties that they want right now? Are tenants happy with the sites available to them? The competition for good sites is fierce, and prices are driving some investors away. Our tenant clients are still finding good deals in existing spaces. In the current economic climate, what kinds of deals are out there and who is the typical buyer? Consumer? The deals we see are both complicated and subject to intense negotiations, as last year. Deals are taking more time and effort. Quite a few are the repositioning of older properties to meet the demands of the current market place, and some require substantial reinvestment.