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Neil CallananFortune |
“Momentum is strong, but if this is irrational exuberance, investors will lose when the music stops,” said Squared Capital's Sadek Wahba.

In his view, it’s worth watching the weakening dollar and how the 30-year Treasury trades versus the 10-year bond.

Investors have little appetite for all but the best offices.

Apartment buildings, which make up about 40% of the looming maturities, are at the center of the refinancing wave.
