Simon is also continuing to add value through options such as retenanting and expansion of existing centers, he adds. (nreionline.com)
(CBL has also partnered with Horizon on ground - up projects in Oklahoma City and Woodstock, Ga.) But CBL CEO Stephen Lebovitz admits that development projects offer double - digit returns while investing in existing centers brings returns in the 8 percent range. (nreionline.com)
«We believe existing centers on the grocery - anchored side will continue to have really strong operating fundamentals, which we have right now,» Edison notes. (nreionline.com)