Investing

Americans choose real estate over gold and stocks as best long term investment (VIDEO)

A recent poll by Gallup Inc, the famous research company known for its public opinion studies, revealed that Americans prefer to invest in real estate over stocks, bonds and gold when it boiled down to long term investment.

Donald Trump’s Ferry Point golf course construction cost reaches $236 million

The construction cost for the 190-acre Trump Golf Links at Ferry Point in the Bronx is estimated at $236 million, or 10 times the price previously consigned to it. Authorities are blaming the spike in construction costs for the tremendous increase.

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).