Simon CEO: Houston retail performing well

04/26/2010 | Houston Chronicle (tiered subscription model)

Simon Property Group's chairman and CEO, David Simon, is bullish about the Houston-area retail sector, he told the audience at the Texas A&M Real Estate Roundtable Speaker Series luncheon. In general, he said, retailers are regaining their stride by staying focused on the margins and, unfortunately from his perspective, lowering rents. He likes the fundamentals of Houston's retail sector. "The Galleria is an iconic mall, and sales there are up year to date."

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