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JPMorgan Chase to Build New Midtown NYC Headquarters

The new building will replace the firm’s current headquarters at the same address


WSJ Real Estate


COMMERCIAL REAL ESTATE JPMorgan Chase to Build New Midtown NYC Headquarters

Stan Honda/Agence France-Presse/Getty Images

JPMorgan Chase & Co. plans to build a new 2.5 million square-foot headquarters at 270 Park Ave. in New York City, the first major project under a city rezoning plan designed to rejuvenate the building stock in one of its biggest job centers.

Home Sales Post Their Sharpest Drop in Three Years [WSJ Pro]

Joe Raedle/Getty Images

Sales of previously owned U.S. homes in January experienced their sharpest annual drop in more than three years as low inventories and rising prices and interest rates took a toll.

  • The Housing Market Is Riding High Once Again
Choice Hotels Signs Deal in Savannah

Ty Wright/Bloomberg News

Choice Hotels International Inc., one of the world’s largest hotel companies, is joining the tourism boom in Savannah, Ga., as it builds its new Cambria upscale brand.

  • Barry Sternlicht Ventures Into Airbnb’s Territory
Drones Can Cut Property Inspection Costs—but Are They Safe?


Building inspectors who used to rely on binoculars and ladders are turning to drones to check property exteriors for signs of damage or deterioration that could lead to injuries. But use of drones for this purpose is causing a dilemma.

  • Using Yelp to Find the Next Hot Neighborhood
MANSION Late Paramount CEO’s Los Angeles Home Seeks $77.5 Million

Simon Berlyn

The Los Angeles home of the late Hollywood studio executive Brad Grey is seeking $77.5 million. Located on roughly 2.2 acres, the estate includes a main house of about 12,800 square feet with a “contemporary farmhouse” aesthetic.

  • Late Designer Vince Camuto’s Hamptons Estate Fetches $49 Million
Are Six Ovens Enough?

Frank Gundry

Too many cooks spoil the broth, but in a kitchen with six ovens—can you have too many cooks? Inside some kitchens equipped with ovens that bake, broil, steam, spin, microwave and warm.

  • Three Homes Fit for a President
  • Real-Estate Agents on Their Diva Clients
  • Author Barbara Taylor Bradford: From Typing Pool to Park Avenue
HOUSE OF THE DAY A Denim Mogul’s Farm-to-Table California Home

Daniel Mahler

Kym Gold, the co-founder of True Religion jeans, designed this Encino compound with an orchard and vegetable garden.

GREATER NEW YORK REAL ESTATE Ja Rule Leads Rally to Demand NYC Public-Housing Improvements

William Alatriste/New York City Council

At City Hall on Tuesday, Councilman Ritchie Torres of the Bronx stepped away from the podium and made way for rapper Ja Rule. “I know you’re not here to see me,” Mr. Torres told the crowd. Ja Rule—whose top-100 hits include “Put it on me” and “Can I get a…—had come to the steps of City Hall in lower Manhattan to support the 400,000 New Yorkers living in public housing. More than 320,000 of them have been without heat or hot water at times this winter.

Even SoHo Can’t Escape the Retail Property Storm

Michael Bucher/The Wall Street Journal

The retail slump that has been battering shopping malls across middle America is starting to show up in some of New York City’s choicest retail neighborhoods.