Is it us, or have there been some real interesting (read: large) deals crossing the finish line of late? First up, in Santa Clarita (about 36 miles northwest of Downtown Los Angeles), the Dallas-based Centennial Real Estate just shelled out $199 million for a 1.1 million-square-foot mall, the Westfield Valencia Town Center. What was perhaps even more interesting was JPMorgan Asset Management’s admirably bold play on office.
(Bloomberg) Wall Street is so convinced that the Federal Reserve’s restrictive policies are nearing an end that money managers are already trading as if rate hikes were a thing of the past. Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Record