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It is a busy department that advocates vigorously on numerous realtor® issues together with the Municipal Land Switch Tax and personal real property firms. However guidelines of thumb haven't any relevance for skilled real property investors to set the acquisition price. |
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Throughout Macy's first quarter earnings name on Might thirteen, Chief Monetary Officer Karen Hoguet addressed the corporate's actual property strategy, suggesting that some estimates valuing its assets have been completed "over simplistically." In keeping with its final annual report, Macy's property has a ebook worth of $7.eight billion. |
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According to Jonathan Miller of Miller Samuel, prices for prime residential actual property in New York have been down four.4 percent over the previous year. |
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