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Sunday Summary: Construction Is King

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.

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