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In response to Jonathan Miller of Miller Samuel, prices for prime residential real property in New York have been down 4.four % over the previous 12 months. + +Throughout Macy's first quarter earnings name on Might 13, Chief Financial Officer Karen Hoguet addressed the corporate's actual property strategy, suggesting that some estimates valuing its property have been executed "over simplistically." In keeping with its last annual report, Macy's property has a ebook worth of $7.8 billion. + +But rules of thumb don't have any relevance for skilled real estate buyers to set the purchase value. + +Unlike different investments, actual estate is dramatically affected by the situation of the instant area the place the property is located, hence the effectively-recognized actual-estate maxim, "location, location, [injury claims](https://git.terrainknowledge.com/carlodunbar01) location." 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A variety of prominent hedge funds have lately acquired stakes, although it's unclear which have approached Macy's administration with real property proposals. + +The award, introduced within the Could issue of ALM's Actual Estate Discussion board magazine, acknowledges the efforts of women who've excelled in business actual estate, an business traditionally dominated by their male counterparts. + +We started our overseas actual property adventures with next-to-nothing. He needs to persuade actual property professionals that their success is his success. + +The Morning Roundup is a vital complement to the news and analysis of Cleveland enterprise that you get from Crain's. + +Listings on this page identified as belonging to another listing agency are primarily based upon knowledge obtained from the SFAR MLS, which information is copyrighted by the San Francisco Affiliation of REALTORS©, however is not warranted. 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