Investing

Oxford Properties purchasing 450 Park Ave. for $575 Million

Oxford Properties, the real estate arm of a Canada-based investment firm, has reportedly agreed to purchase 450 Park Avenue, a 33-story tower in Manhattan for roughly $575 million.

Cold weather and limited supply drove down existing home sales in January: NAR

Sales of existing homes in the United States fell 5.1 percent in January, hitting an 18-month-low due to cold weather and limited supply, according to The National Association of Realtors (NAR).

Income inequality mapped: Top 10 American cities with greatest wealth divide

A new study by the Brookings Institute has revealed that the largest and the most popular cities of the United States have the most uneven wealth distribution and income inequality.