International Council of Shopping Centers is the trade association representing this segment of the commercial real estate market. If you would like to learn more about this market segment you should attend one of their Regional or National dealmaking conferences. I have attended DC, NY, and the National convention in Las Vegas.
Back to Baltimore- I never have really had dealings with Baltimore's retail broker population. I have conducted office 1031 exchanges and residential investment property transactions; however, Baltimore retail is new to me.
What really blew my mind about the trip is Baltimore's "newer section of town", Harbor East.
Harbor East is described on Baltimore's city website as "(a)n entirely transformed and swiftly emerging neighborhood located between the Inner Harbor and Fell's Point, Harbor East is becoming the place for modern cuisine. Sophisticated fine dining is without a doubt Harbor East's forte. Witha new arts-theater and endless restaurants to choose from, it is Baltimore's latest neighborhood to gain insatiable interest from both locals and visitors alike."
The event we attended was at James Joycce, an Irish bar in this section of town. After visiting Flemings and Oceanaire. we strolled over and met the crowd.
Dan Klein and Geoff Mackler were two of the gentlemen I had the good fortune of meeting while attending the function. Dan has the unique perspective of being an owner and conducting leasing himself. I was impressed with his comprehensive knowledge of investment sales and leasing. Geoff, as well, seems to be a driving force in Baltimore real estate.
I made plans with several brokers to meet next week at ICSC. We shall see how things develop, but overall the scene looks promising for 1031 activity.
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