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Empire State Building To Go Public

Washington Times Empire State Building To Go PublicWith employment numbers up for a fifth straight month, some Americans, such as myself, are looking for investment opportunities to transform current savings into future wealth. Some may consider getting into the stock market.

While the popularity of Facebook may persuade you to buy shares of the company when the Internet social network goes public, the estimated cost of $40 per share may convince you to rethink your options.

For traders looking to own a piece of commercial real estate, today is your lucky day.

The company that operates the Empire State Building plans to go public in a stock offering that could raise nearly $1 billion. It may be the most famous skyscraper being publicly listed.

This means you can own a stake in one of the tallest buildings in the world, even if you don’t own your own home.

The legendary landmark, bought by investor Peter Malkin from Donald Trump and a business partner in 2002, is considered by many to be one of the most recognizable commercial real estate buildings in America.

To read the entire article about the Empire State Building’s planned IPO, head over to The Washington Times.

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About Jonathan Slappey

Jonathan has a passion for journalism, sports, and cashmere sweaters. He lists playing basketball as a higher priority than eating food, and rumor has it he even sleeps with his basketball. When he’s not reading up on world news, and writing about politics or personal finance, Jonathan can be found cheering on the Lions at Ford Field or attempting to convince Cleveland Cavaliers owner Dan Gilbert to add him to the active roster.

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