This modern penthouse apartment is a stunning, light-filled sanctuary in one of Manhattan’s most distinguished white-glove cooperatives on Park Avenue. Beautifully constructed, not a single detail has been overlooked in this elegantly renovated and sophisticated 3-bedroom, 3.5-bathroom Carnegie Hill home. 

Enter from the semi-private landing into the sun-filled, expansive living-dining space with soaring 10-foot high beam ceilings, an elegant marble wood-burning fireplace and custom French doors that lead to the sweeping 70-foot terrace perched high above Park Avenue with scenic city views to the East River. With fantastic outdoor access and lovely indoor spaces, this home provides the perfect setting for versatile entertaining.

Good morning, and happy Wednesday! Here?s a summary of recent transactions and personnel news within Greater Boston?s real estate community.

HFF?has arranged $51 million in recapitalization financing for?1030 Massachusetts Ave., a recently renovated 77,805-square-foot Class A laboratory/biotechnology building near Harvard Square in Cambridge. The borrower was an affiliate of Longfellow Real Estate Partners. HFF placed the five-year fixed-rate loan with...

This 6 bedroom, 8.5 bath home has been impeccably maintained and updated to reflect 21st century living. The property features expansive entertainment spaces, a kitchen in the round with bay views, 114 ft. private dock, indoor racquet ball court, billiard room, gym, sauna and pool. With wide water bay views that both astound and delight enjoy one of South Florida's most prized water locations.

According to a recent study by SmartAsset, Middlesex County has the fourth strongest purchasing power in Massachusetts. The study examined the cost of living expenses balanced with average income.

For those with second homes, summer can offer the opportunity to cash in on your property by renting out. But, before you put your listing up on Airbnb, ask yourself the following 4 questions.

This majestic mountain aerie, Shelter Island Estate, sits atop a solid granite foundation on 24-acre Shelter Island, rising from Montana’s Flathead Lake; one of the top 3 cleanest lakes in the world. This rare offering, currently the largest private home in Montana, features over 32,000 square feet of structures and commands 7,000 feet of prime lakeside frontage, extremely unique for private ownership. Being situated next to Glacier National Park is one more facet in this incredible jewel of a property.

Relentless supply constraints and home price growth outpacing wages are testing the patience of homebuyers this year, but existing-home sales are still on track to come in at their highest pace since 2006, according to an economic forecast forum at the 2016 Realtors® Legislative Meetings & Trade Expo.

Among the topics addressed were: the growing burden repaying student loan debt is having on young adults, the housing market and the overall U.S. economy.

After the housing market’s best first quarter since 2007, sales this year are expected to come in around 5.41 million, a 3 percent boost from 2015. This report represents a boom in the housing market, and a solid foundation as the spring buying season ramps up. If this growth continues, 2016 could be the best year for the real estate market in a decade. 

Single women are coming up in power, wealth and market share, quickly becoming one of the most important demographics in the increasingly fragmented real estate market.  

One of the greatest real estate speculations this season has been the question of where Jeff Immelt, the CEO of General Electric, will move when the organization moves to Boston this late spring.

Well, according to public records, Immelt and his S.O., Andrea, are under contract to buy a 3,565 sq. ft. triplex home at 36 Commonwealth Ave., a 4 room property found a short distance from the Boston Public Garden. 

47 Raymond Street in Cambridge, a beautiful 7,258 sq. ft. residence has just been made available for sale in the market for an asking price of $11,500,000.

The interior consists of 15 rooms and 5 bedrooms with state-of-the-art amenities. The house has an elegant finish to it with state-of-the-art heating, cooling and media technologies installed throughout the home. The 4,000 bottle wine cellar, heated driveway and reflecting pool complete the house.

Despite a rapid increase in home prices, mortgage rates have dropped to their lowest point in three years. As of Tuesday, the average rate for a 30-year conforming mortgage nationally was 3.6 percent, down 2 points from last week. This drop means a 6 percent increase in buying power.

There are disadvantages to lower mortgage rates however. Credit availability declines marginally as the rates decline. With a small margin, lenders become more risk averse so indicators of credit tightness like the average FICO scores have gone up as rates have gone down.

Quality wood furniture can last a lifetime and is often a treasured heirloom, passed down through multiple generations. Still, even the highest quality wood is susceptible to scratches and abrasions. No matter what type it is, wood needs to be properly cared for.

When purchasing furniture, it never hurts to ask for specific cleaning and care instructions.

Here are 10 tips to keep your wood furnishings looking best for many years to come:

Bicycle-friendly amenities are contributing to a surge in property values  for communities everywhere, marshaled by developments in urban centers and suburban outposts that accommodate “active” transportation. At its core, the bicycle boom is about people choosing a lifestyle that gives them more options and requires less dependence on motor vehicles. Through supporting bike infrastructure, real estate professionals who influence the built environment [buildings, neighborhoods and streets] can play a significant role in creating healthier, more sustainable communities.