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Financing Green Remodels: The Ins and Outs of Energy Efficient Mortgages

What is an Energy Efficient Mortgage? Energy efficient mortgages (EEMs, sometimes known as "green mortgages") are loans that allow home owners to finance energy-efficient upgrades for their current home or in a new home purchase. The cost of the upgrades is rolled into the mortgage so that multiple loans are not needed.

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A Plaza Hotel Penthouse Hit The Market For $59 Million - More Than Twice What The Owner Paid For It A Year Ago

One of London's most famous real estate developers has listed his triplex penthouse in New York's Plaza Hotel for $59 million, The Wall Street Journal reports. Christian Candy - who last year paid $25.9 million for the unit - is flipping the pad for more than double the price after redecorating it with his own design company Candy & Candy, according to WSJ.

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NYC Penthouse With A 'Sky Garage' Will Hit The Market For $23 Million

The last remaining sponsor unit at 200 11th Avenue in West Chelsea, which was listed last year for $12.9 million, is slated to make its return to the market in September with a mammoth price tag of up to $23 million, The Real Deal has learned.

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NYC's General Motors Building Is Now The Most Valuable Office Space In America

">Daniel Goodman / Business Insider The families of Chinese real estate developer Zhang Xin and Brazilian banking magnate Moise Safra paid $1.4 billion for a 40 percent stake in the General Motors building, the Wall Street Journal reported. This values the building at 767 Fifth Avenue at roughly $3.4 billion, making it the country's most valuable office property.

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Russian Oligarch Plans To Demolish His $95 Million Mansion Because Of A Terrible Mold Problem

Russian fertilizer tycoon Dmitry Rybolovlev plans to level the $95 million Palm Beach property he bought from Donald Trump in 2008 because of mold problems, Gossip Extra reported. The sale of the 33,000-square-foot property, dubbed Maison de L'Amitie, was the highest ever for a single-family home, netting Trump a more than $50 million profit, according to the site.

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HOUSE OF THE DAY: A Real Estate Tycoon Is Selling His Insane Hamptons Home For $58.5 Million

Real estate investor Andrew Borrok has once again listed his 20,000-square-foot mansion in the Hamptons for $58.5 million, according to The Real Deal. The eight-bedroom home in Water Mill was first listed for the same price back in 2010, The New York Post reported. Borrok originally bought the property in 2003 for $3.6 million.

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