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Highland Park Village mentioned in WWD

Retail Real Estate Sees Uptick

“Right now, the better malls have been experiencing an upsurge in the last few months,” said Jeffrey C. Paisner, retail broker at Ripco Real Estate. “It’s been that way at South Coast Plaza in Costa Mesa, Calif.; Bal Harbour Shops in Bal Harbour, Fla., and Highland Park Village in Dallas, where sales are up in the double digits. We’re not talking about vacancies, we’re talking about performance. The issue is what the sales are center-wide and they’re all spiking up now. Sales aren’t up in Las Vegas the way they are in other centers. A disproportionate amount of sales in Las Vegas relies on tourism and that sector of the market is not as healthy. People haven’t gotten over the psychological hump of spending their money unwisely.”

[Source: WWD]