If Kids Can Play, Will Moms Shop? WSJ Reports on PLAYTIME Shopping Center Play Areas
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How I See It
Q-and-A with Brad Hutensky, chairman of ICSC
What challenges and opportunities does the shopping center industry face as it heads into 2013?

Brad M. Hutensky, chairman of the International Council of Shopping Centers and principal of Hutensky Capital Partners, foresees limited new development ahead in the U.S. and Canada, but he expects an increase in "repositioning existing, well-located properties to unlock intrinsic value." In addition, he says, "look for more public-private partnerships as cities and towns seek to attract the jobs and economic spark created by a well-conceived retail project."

When it comes to the capital markets, Hutensky says, "extremely low interest rates will continue to make financing very attractive and keep cap rates low even in the face of more challenging real estate fundamentals. And second, the rush toward quality by buyers and lenders will continue."
  SmartBrief/SmartBlog on Leadership (12/11)
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Most Popular Stories
These are the stories read and shared most by ICSC SmartBrief readers in 2012

If Kids Can Play, Will Moms Shop? Wall Street Journal Reports on 2012
"WSJ reports that play areas are malls' new secret weapon for luring shoppers," says David O'Niones, VP Retail, as he reviews the most innovative playscapes in 2012 from retail leaders and newcomers across the industry, and previews what's next. More

Industry Forecast
How do you think shopping centers performed in 2012 compared with 2011?
54%   Somewhat better
22%   About the same
15%   Much better
8%   Somewhat worse
3%   Much worse
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How do you expect shopping centers to perform in 2013 compared with 2012?
37%   About the same
35%   Somewhat better
17%   Somewhat worse
9%   Much better
4%   Much worse
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What will be the greatest challenge for shopping centers in the next year?
68%   General economic conditions
18%   E-commerce competition
8%   Higher vacancy rates
6%   Market oversupply
2%   Other/not sure
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In what region do you think shopping centers will perform best in 2013?
33%   Latin America/South America
33%   Asia-Pacific
28%   North America
6%   Africa
3%   Europe
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Product announcements appearing in SmartBrief are paid advertisements and do not reflect actual ICSC endorsements. The news reported in Smartbrief does not necessarily reflect the official position of ICSC.
ICSC Resources
  • Upcoming ICSC events in 2013
    RECon Latin America, March 18 to 21, Santiago, Chile
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  • RECon Asia
    Dec. 2 to 4, Beijing
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  • New York Conference & Deal Making
    Dec. 9 and 10, New York City
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Smartest Quotes
These are the quotes ICSC SmartBrief readers shared most in 2012
The secret of success is to do common things uncommonly well.
-- John D. Rockefeller,
American industrialist
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The secret of life is honesty and fair dealing. If you can fake that, you've got it made.
-- Groucho Marx,
American comedian
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I've got a theory that if you give 100% all of the time, somehow things will work out in the end.
-- Larry Bird,
American basketball player
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The day the child realizes that all adults are imperfect, he becomes an adolescent; the day he forgives them, he becomes an adult; the day he forgives himself, he becomes wise.
-- Alden Nowlan,
Canadian poet, novelist and playwright
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Only those who will risk going too far can possibly find out how far one can go.
-- T.S. Eliot,
American-British writer
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Cautious, careful people, always casting about to preserve their reputation and social standing, never can bring about a reform.
-- Susan B. Anthony,
American activist
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If people cannot write well, they cannot think well, and if they cannot think well, others will do their thinking for them.
-- George Orwell,
British writer
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Don't bother just to be better than your contemporaries or predecessors. Try to be better than yourself.
-- William Faulkner,
American writer
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Both the optimists and pessimists contribute to our society. The optimist invents the airplane and the pessimist the parachute.
-- Gladys Bronwyn Stern,
British writer
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By working faithfully eight hours a day, you may eventually get to be a boss and work 12 hours a day.
-- Robert Frost,
American poet
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Many of our fears are tissue-paper-thin, and a single courageous step would carry us clear through them.
-- Brendan Francis Behan,
Irish writer
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The cure for boredom is curiosity. There is no cure for curiosity.
-- Dorothy Parker,
American author, poet and humorist
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Act as if what you do makes a difference. It does.
-- William James,
American psychologist and philosopher
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If Kids Can Play, Will Moms Shop? Wall Street Journal Reports on 2012
"WSJ reports that play areas are malls' new secret weapon for luring shoppers," says David O'Niones, VP Retail, as he reviews the most innovative playscapes in 2012 from retail leaders and newcomers across the industry, and previews what's next. More

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