WSJ Real Estate
COMMERCIAL REAL ESTATE Unibail Who? The French Mall Owner Is Buying Westfield for $15.7 Billion
Mark Lennihan/Associated Press
One of the world’s best-known mall operators just agreed to be bought by one of its least-known. Westfield Corp.—the Australian operator of glitzy shopping centers stretching up and down California and across the country to Florida and New York—said Tuesday it agreed to a $15.7 billion takeover by Paris-based Unibail-Rodamco SE. Who? Even in its home market of France, Unibail-Rodamco isn’t a well-known corporate name.Real-Estate Firms Look to Technology to Figure Out Shoppers
Daniel Acker/Bloomberg News
Competition in the notoriously low-tech commercial real-estate services business is shifting into high-tech arenas. JLL, the world’s second-largest commercial property services company by revenue, has cut a deal with a firm that tracks shopping habits of consumers by analyzing the locational pings sent by their mobile devices and apps.
- In a Retail Storm, Mall Owners Seek Refuge in the Courts
- Sterling Bay Is in Advanced Talks to Buy Groupon Building in Chicago
- CoStar Takes Off the Gloves in Battle Against Xceligent Over Alleged Data Theft
Kelly Marshall for The Wall Street Journal
JoonYong Park took a gamble when he bought two adjacent apartments in Manhattan. A solid brick wall divided the units, but the apartment sellers, longtime neighbors, assured him there were half a dozen brick arches buried within the mortar. After a 1½-year, $2 million project, the arches now form the spine of the home, with a grand, open living space (kitchen, dining area, formal living room) on one side and a large private area (bedrooms, media room, children’s wing) located on the other.NFL Fans’ Real-Estate Scoreboard
Dallas Cowboys fans prefer Western-style homes. Cleveland Browns fans are softies for a nice farmhouse. And New England Patriots fans favor contemporary-style dwellings. Those are among the findings of an NFL fan survey by real-estate listings website Homes.com.British Fashion Entrepreneurs Spend $24 Million on Modern Los Angeles Compound
British fashion entrepreneurs Tom and Ruth Chapman have purchased a home in Los Angeles’s Trousdale Estates area for $24 million. The seller was Kevin Washington, son of industrialist Montana billionaire Dennis Washington.
- Homes in the High Sierra
- House Call: Patricia Arquette’s Early Life on a Virginia Commune
Jessica Wells/Walt Danley Realty
The owners of this Paradise Valley, Ariz., house bought the property for $57,500 in 1967, and made changes over the decades.GREATER NEW YORK REAL ESTATE Public-Private Brooklyn Waterfront Project Is Starting To Bloom
A privately-built public waterfront promenade along the East River in Greenpoint, Brooklyn is finally beginning to take shape, one sliver at a time, after more than a decade of delay.NYC Mayor May Use Eminent Domain to Buy Apartments for Homeless
Spencer Platt/Getty Images
Turning to a novel fix to address a vexing problem, New York City Mayor Bill de Blasio said he is prepared to use eminent domain to buy apartments that already house homeless individuals and turn them into permanent affordable housing.
- Office Rents on Fifth Avenue Rank No. 2 For Most Expensive