Commercial

'Ultrarope,' A New Elevator Technology Can Increase Height of Skyscrapers (VIDEO)

Did you know that elevators were one of the main reasons that limited the height of a building? Apparently, they are only limited to a maximum travel distance of 500 meters. However, a brand new lift technology developed by Kone, a Finland-based elevator and escalator manufacturing giant, will now enable lifts to speed up double the current distance, calling it the "Ultrarope".

Speculation on Fannie Mae and Freddie Mac’s Future Continues

The American administration has been speculating the future of two famous government-backed mortgage lenders, Fannie Mae and Freddie Mac since 2011. Though the pace at which decisions about the two entities are being made is slow, the government is diligently working on various proposals to determine a new future for the now-profitable lending giants.

Beautiful Solitary Cottage on Nantucket Island Asks $3 Million (PHOTOS)

A beautiful, unique and exquisite property, sitting on 20 large acres of land with around 600 feet of waterfront view on the southern shore of Nantucket Island, Cape Cod, Massachusetts has made its way to the listing market, priced at just 3 million.