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Wall Street Journal / Life - Entertain

It’s a Steal: A New York Penthouse for Just $37.5 Million

At 252 East 57th Street, the unit is seeking far less than penthouses at neighboring Billionaire’s Row condominium towers.
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WSJ Real Estate

COMMERCIAL REAL ESTATE Amazon and Big Apartment Landlords Strike Deals on Package Delivery

Bozzuto Group

Amazon.com Inc. is taking over the package rooms of some of the country’s largest apartment landlords, in a move that could help consolidate its control over how goods make it from the warehouse floor to the front door.

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Moody’s Unit Buys Stake in Startup CompStak

Michael Nagle/Bloomberg News

The advisory arm of Moody’s Corp. has acquired a minority stake in CompStak, a real-estate technology startup that collects detailed information on commercial property leases and sales through crowdsourcing.

Canada Imposes Tougher Mortgage Rules Effective 2018 [WSJ Pro]

Chris Helgren/Reuters

Canada’s banking watchdog unveiled tougher mortgage-financing rules that take effect on Jan. 1 that real estate watchers and economists say could dramatically slow house buying and borrowing.

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MANSION It’s a Steal: A New York Penthouse for Just $37.5 Million

Williams NY

A penthouse apartment on East 57th Street will come on the market for $37.5 million, far less than penthouses at neighboring Billionaire’s Row condominium towers. The pricing comes amid a slowdown at the highest echelons of New York real-estate.

What to Look for in a Mortgage Servicer

Chris Gash

Some mortgage servicers have a bad reputation for service: In a survey released earlier this year, unhappy mortgage customers said their servicers were more focused on profit than on their customers.

A Swedish Mansion Once Home to Army Officers and a Nobleman

Anders Bergstedt for The Wall Street Journal

A Swedish estate that has been home to a nobleman, army officers, wealthy farmers, a politician and a car executive over the centuries is on the market. Bosgarden Manor, east of Gothenburg, is a property of nearly 4 acres that includes a main residence, a guesthouse and stables. It is listed for 8.9 million Swedish kronor, or about $1.1 million.

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HOUSE OF THE DAY A Place for a Baroness to Call Home

Marshall Elias

Modeled after Europe’s grand estates, this Santa Fe, N.M., house has beamed ceilings, murals and an inner atrium with a fountain.

GREATER NEW YORK REAL ESTATE N.J. Bell Building in Newark to Be Redeveloped for Housing

Inglese Architecture + Engineering

L+M Development Partners Inc. and Prudential Financial Inc. have closed on funding that will allow the venture to convert the old New Jersey Bell headquarters building at 540 Broad St. into a mixed-use tower with 263 market-rate and affordable apartments as well as office and retail space.

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