Commercial

New York’s Monterey Apartment Building Under Contract for $250 Million

Related Companies, the owner of the posh Monterey rental apartment, located on the Upper East Side of New York, has agreed to sell the building to Crammeby’s International Group for around $250 million. The building was listed for sale sometime back in January 2013 and is now under the escrow just after two months from its listing debut.

Realty ONE Group Takes 7th Spot in Real Trend's 500 List

Realty ONE Group, Inc., continues to take the real estate industry by storm with today's news that it leaped four spots -- to No. 7 in the nation -- on REAL Trends' 500 list.

Fannie Mae Reports Record Profit as Housing Market Rebounds

Fannie Mae, the government-owned mortgage provider, reported a record $7.6 billion in quarterly earnings, its first annual profit since the housing bubble burst, according to documents filed Tuesday morning.