Smaller May Be Better in Developer Biz

While a number of mega retail developers crashed and burned during the recession, some smaller developers have thrived.
November 6, 2009, 5am PST | Tim Halbur
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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."

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Published on Tuesday, November 3, 2009 in Retail Traffic Magazine
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