During Macy's first quarter earnings name on Could 13, Chief Monetary Officer Karen Hoguet addressed the corporate's real property strategy, suggesting that some estimates valuing its assets have been carried out "over simplistically." In accordance with its final annual report, Macy's property has a e-book worth of $7.8 billion.

If you happen to look at the chart beneath, revealed final week within the Almanac and referrals Palo Alto Weekly, the price increases are mainly concentrated in Menlo Park and the neighboring city of East Palo Alto.

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