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Vornado Realty Trust to spin off shopping strip into new REIT

Vornado Realty Trust, the popular New York-based real estate investment firm, has announced that it will be combining its strip shopping businesses consisting of about 81 open shopping centers and four malls to create a new Real Estate Investment Trust (REIT).

Wayne Gretzky lists Beverly Hills mansion for $10.5 million

Wayne Gretzky and wife Janet have put their home in Thousand Oaks, Calif., up for sale for $10.5 million, the RealEstalker reports.

Ellen Pompeo and Chris Ivery buy Malibu home from Marta Kaufman

Ellen Pompeo, Golden Globe-nominated actress, and her music producer husband Chris Ivery have spent $6,365,000 on a home located down the western stretch of Malibu.