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BANKERS TO DISCUSS CURRENT REAL ESTATE LOANS AT SPRING MIDWEST IDEA EXCHANGE MARCH 10-11, CHICAGO

 BANKERS TO DISCUSS CURRENT REAL ESTATE LOANS AT
 SPRING MIDWEST IDEA EXCHANGE MARCH 10-11, CHICAGO
 NEW YORK, Feb. 11 /PRNewswire/ -- Real estate financing will be one of the major topics at the International Council of Shopping Centers (ICSC) Spring Midwest Idea Exchange at the Hyatt Regency Chicago in Illinois Center, March 10-11.
 There, over 700 members of the shopping center industry will take part in panel discussions involving the shopping center industry. One of the sessions will focus on financing, titled "Lenders Who Say Yes," and will include members of the financial community who will discuss current real estate loans and transactions.
 Other discussions will focus on buying retail properties in the current market and asset management. Richard H. Tucker of the Tucker Company, Northbrook, Ill., serves as Spring Midwest Idea Exchange chairman.
 Advance registration fees are $90 ($110 on site) for members and $135 ($165 on site) for non-members, which includes continental breakfast and luncheon on March 11. Further information can be obtained by contacting the information center at ICSC, 212-421-8181, ext. 382.
 ICSC reports that the 1,784 shopping centers in Illinois continue to support the state's economy. During 1990, shopping centers accounted for 51 percent of all non-automotive retailing in the state.
 Shopping centers in Illinois employed 438,500 workers in 1990 and generated $1.46 billion in state sales tax revenue.
 Due largely to the restriction of credit by federal bank regulators, new shopping center construction starts in Illinois were down 50 percent in 1990 from the previous year. Construction contract value also dropped from $739 million in 1989 to $312 million in 1990. Construction employment declined from 12,300 to 5,100 in the same period.
 As the non-profit trade association of the shopping center industry, ICSC serves its 25,000 members in 42 countries by assisting in the development of their businesses through professional education, conferences and conventions, publications, research and legislative action. ICSC grants two certificates of professional accreditation -- the CSM (certified shopping center manager) and CMD (certified marketing director).
 -0- 2/11/92
 /CONTACT: Keith J. Foxe of the ICSC, 212-421-8181, ext. 344/ CO: International Council of Shopping Centers ST: Illinois IN: REA SU:


SM-JT -- NY075 -- 8987 02/11/92 17:26 EST
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Date:Feb 11, 1992
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