Taubman: Retail sales are up, but development will lag for years

04/27/2010 | REIT.com

The fourth quarter of 2009 was a turning point for the retail real estate sector, said Bobby Taubman, chairman, president and CEO of Taubman Centers. That is when retail sales began to improve -- one of the most important metrics for this space. But it will take several years for development to catch up to where it was earlier this decade, Taubman said.

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