NEW YORK CITY—Just because Kyle Matthews sees haves and have-nots in the current retail real estate market doesn’t mean he isn’t bullish on its future. The chairman and CEO of Matthews Real Estate Investment Services took time at the ICSC New York National Deal Making event to explain what he’s seeing in what he calls “a tale of two cities.”

Much of the problem in those latter markets is one of perception, he says. But what exactly does that mean? He explains in this exclusive video interview, and tackles as well such other issues as the one on everyone’s lips—the upcoming Trump presidency—plus the widening gap between the wants of buyers and the expectation of sellers.