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Wall Street Journal / Life - Entertain

Longtime Johnny Carson Estate in Malibu Asks $81.5 Million

The property is now owned by Sidney Kimmel, the founder of Jones Apparel Group and a producer of nearly 50 movies including “Hell or High Water” and “Moneyball,” and his wife, Caroline.

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WSJ Real Estate

COMMERCIAL REAL ESTATE Wells Fargo Details Refunds to Certain Mortgage Customers [WSJ Pro]

Jim Young/Reuters

Wells Fargo & Co. said Wednesday it is refunding certain customers who may have wrongfully paid fees for mortgage lock extensions. The bank gave additional details on its plans after Chief Executive Timothy Sloan mentioned the refunds during a congressional hearing Tuesday.

Apartment Slowdown Spreads to Less Expensive Cities

David Paul Morris/Bloomberg News

A chill that started in the New York and San Francisco rental-apartment markets last year is spreading to less expensive cities. Several metros that enjoyed strong rent growth last year dropped off sharply in the third quarter of 2017.

Investors Pile Into Emerging-Market Real Estate

Dhiraj Singh/Bloomberg News

Investors are showing more interest in commercial real estate in Asia, South America and other emerging markets, where growth trends and the lure of outsize returns overshadow the additional political and financial risks these regions can pose. Development pipelines are packed with shopping centers, outlet malls and other retail properties in such countries as India, China, Malaysia, Indonesia and Colombia. Meanwhile, a number of investment firms targeting real estate in sub-Saharan Africa have found the fundraising climate to be relatively benign lately. But in Malaysia, the mood has shifted when it comes to real-estate investment trusts.

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MANSION Longtime Johnny Carson Estate in Malibu Asks $81.5 Million

Simon Berlyn

A Malibu estate owned for two decades by television host Johnny Carson is listing for $81.5 million. The sellers are Sidney Kimmel, the founder of Jones Apparel Group and a producer of nearly 50 movies including “Hell or High Water” and “Moneyball,” and his wife, Caroline.

A Saudi Sheikh Brings Boston’s Ames Webster Mansion Back to Life

Kayana Szymczak for The Wall Street Journal

A Saudi sheikh is testing Boston’s luxury market with a $35 million renovation of the Ames Webster mansion, a historic landmark known for its intricately detailed interior.

How a London Couple Transformed a Dank Fixer-Upper

Alice Whitby for The Wall Street Journal

Real estate in London is so expensive that a fixer upper—with water running down the walls thanks to its leaking roof—was the best option for a couple with a growing family and a seven-figure budget.

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HOUSE OF THE DAY A Manhattan Townhouse Filled With Keepsakes

Douglas Elliman

Purchased in 1983 and listed for $13 million, this West Village home is decorated with items from the owner’s travels.

GREATER NEW YORK REAL ESTATE Are New Luxury Towers Overshadowing Grand-Dame Apartment Buildings?

Michel Arnaud

There was a time when books on the life at the top in New York City focused exclusively on the canopied apartment buildings on the Upper East and Upper West sides of Manhattan built until the 1930s. Now a new coffee-table book featuring homes for the wealthy in New York City expands the definition of the top to make room for 21st century apartment towers that have risen in other newly fashionable neighborhoods.

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