. >> the stock up with other ones like arcadia and others in the space, but for you, you're on all regions of the map. they say real estate is low -- local, isn't it? which area is best for you? >> we're a national company and concentrate on the new york city metro, we have 80 shopping centers, and 140 in obama -- baltimore and wushz area. these are major cities, live, work, and play. >> one looking better than the other? >> the coasts are looking good, although, chicago is a major area. texas is a good strong market for us, good employment growth. >> 12% of the properties in california. we know california's financial situation is dire at this moment. i follow it closely. any erosion there or worrying trends? >> not so far. it's hard to build in california. if there's an existing shopping center, it's going okay, like in los angeles -- >> leading me to the next question. a lot of the guys are sprucing up existing malls. there's not as much out right building, or what are you doing? what's the choice here? >> the economics are not there to justify new buildings. rents have not recovered to