Shlomo: It's a crazy thing. Retail properties, they're not getting refinanced and retailers are pulling back.
Jessica: Yet landlords are touting the highest occupancy rates they've had in a decade, and rents are astounding, at least in my market.
Shlomo: I don't know. As I see potential acquisitions, I see values in the Billions even, but then Macerich can't refinance $537 per square foot loan on Santa Monica Place.
Jessica: We're in the Twilight Zone, Shlomo. That's it. The reality has nothing to do with it. Once these reports catch up to what's going on in the market, it's going to be a different story.
