Coldwell Banker Commercial Participates in Annual Deal Making Event
Nick DiCosola Attends ICSC Conference in Los Angeles
Coldwell Banker Commercial Senior Vice President Nick DiCosola recently attended the International Conference of Shopping Centers’ (ICSC) annual Western Regional Deal Making event held October 8-10, 2018 in Los Angeles.
The 70,000-member strong ICSC organization is an advocate of the retail real estate industry, promoting the vital role it plays in the social, civic and economic well-being of communities throughout the world.
The regional conference provides networking and relationship-building opportunities, connecting retailers, developers, brokers, lenders, municipalities and product/service providers. At this year’s event, there were nearly 4,000 attendees, all focused on deals, meeting and making contacts, property and tenant requirements, promotion and education.
During a full day of meetings, DiCosola spoke with dozens of retailers, property owners and developers who are looking at the High Desert for various uses. “This is a great event for us. Making the time to attend allows us to get our clients’ properties in front of hundreds of prospects,” said DiCosola. “I’m able to meet with attendees on the fly and with exhibitors in their booths. It’s a constructive use of my time.”
Exhibitors at ICSC run the gamut from national brokerage firms, grocery stores and small franchises, to fast-casual eateries and chain restaurants. Workshops for professional development and guest speakers round out the daily schedules.
“Coldwell Banker Commercial has long invested in attending ICSC’s Deal Making events both in California and Las Vegas. The ICSC conferences and trade shows provide a venue to establish productive, profitable business relationships and connect with other professionals for networking and deal-making opportunities,” said Coldwell Banker Commercial President Jason Lamoreaux. “Attending these events allows us to get a feel for trends in commercial real estate on a national and regional level. There is a lot of change taking place in the retail industry that affects how we anticipate our business evolving.”
One of those changes on the horizon was the topic of guest speaker Rex Hime, President and CEO of California Business Properties Association. The Sacramento-based Hime reported during the Government Update that the split roll property tax measure is set for the 2020 ballot.
“Passing that measure would raise property taxes on commercial and industrial properties,” said DiCosola. “The effects of a split roll tax could be devastating to some California businesses and this tax measure was very much on attendees’ minds.”
Specialized development workshops and seminars such as those at the ICSC conference enable Coldwell Banker Commercial’s real estate professionals to provide insights into many real estate fields including multi-family, office, retail, industrial, land and capital markets. Coldwell Banker Commercial offers an array of services including leasing, sales and property management. To reach DiCosola or any other member of Coldwell Banker Commercial regarding your real estate needs, please call (760) 684-8000 or visit their website at www.cbcdesert.com.