Commercial

Fannie Mae announces new CEO

Fannie Mae, the largest provider of mortgage money in the United States, on Tuesday appointed its general counsel, Timothy Mayopoulos, as chief executive.

SEC: Apollo Global Management management shake up

The global head of real estate at private-equity firm Apollo Global Management LLC, Joseph Azrack, may retreat from the head role to chairman next year, according to an SEC report.

China Vanke's sales rebound in May

China’s largest real estate developer by sales, China Vanke, announced its earnings on Monday, recording an increase of 19 percent in sales in May from the previous year to 10.72 billion yuan ($1.68 billion).