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Thirty-one p.c of these surveyed selected real estate as their go-to lengthy-time period investment, with shares and mutual funds following behind, with 25% satisfied of their lengthy-time period funding potential.
A lot of distinguished hedge funds have just lately acquired stakes, though it's unclear which have approached Macy's administration with real estate proposals.
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Another testomony to the far-reaching effects of the Nice Recession is the story of actual estate developer David Siegel, who, alongside together with his yet uncompleted 90,000-square-foot Florida mansion, is the subject of a new documentary Siegel's home is now listed for $65 million after once being in the marketplace for $seventy five million.
The company, though, stays more focused on trimming its real estate portfolio on the margins, as it did final yr when it offered its Sunnyvale and Cupertino areas in Northern California, they added.
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