Coldwell Banker Commercial President and COO Fred Schmidt talks with National Real Estate Investor Group Publisher Rich Santos at ICSC RECon 2014 about the drivers behind retail's rising success in the secondary and tertiary markets, despite cross-currents. Schmidt cross-currents and systemic changes are coming from the Millennials' influence and the energy industry. But for areas that focus on energy, education, technology and medicine, and are experiencing population growth, retail is doing well, especially in the Midwest, and manufacturing is coming back.
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