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Smaller May Be Better in Developer Biz

Posted by: Tim Halbur

6 November 2009 - 5:00am

While a number of mega retail developers crashed and burned during the recession, some smaller developers have thrived.

Retail Traffic Magazine interviews people at a handful of smaller development companies, who agree that larger companies take too long to make important decisions and so weren't able to alter course quickly enough during the crash.

"These big companies are like big battleships that can’t turn on a dime, but a small company can be like a [patrol torpedo] boat, changing course quickly because it's agile and flexible," adds Howard Paster, president of Paster Enterprises LLC, a St. Paul, Minn.-based company that owns 12 grocery-anchored shopping centers throughout the Great Lakes region."

Full Story: Some Smaller Retail Real Estate Firms Have Thrived in the Downturn
Source: Retail Traffic Magazine, November 3, 2009
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The challenges of urban sprawl in outlying areas--like dangerous neighborhoods in the center city, and severe declines in jobs within reach of working people or inner city public schools--are rarely shared and never undertaken on a truly regional basis.
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