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Wall Street Journal / Life - Entertain

Palm Beach Mansion Asks $105 Million

The home is on South Ocean Boulevard, a street lined with the homes of business heavyweights like Blackstone Group CEO Stephen Schwarzman.


WSJ Real Estate

MANSION Ski Homes With Walls of Glass, Thanks to New Technology

Whitney Kamman for The Wall Street Journal

The temperature outside was 23-degrees below zero the day Michael and Shelia Alessandro bought their modern mountain home for $3.4 million in Wyoming’s Jackson Hole. The frigid weather briefly gave them pause, since the home had walls of glass. But Mr. Alessandro says the home is still warm and cozy. Recent advances in glassmaking and engineering mean homes can have larger panes of architectural glass with higher levels of insulation.

The Next Hot Summer Spot: A Ski Resort

Kim Raff for The Wall Street Journal

Mountain towns, ski resorts and developers in these areas are making a big push to create more reasons for people to visit in the summer. It is part of a several-decades effort to diversify the economy in places traditionally dependent on ski revenues. For the real-estate industry, a healthy roster of summer activities can create value for land that doesn’t lie at the base of the slopes.

Palm Beach Mansion Asks $105 Million

Giles Bradford

A massive Palm Beach estate on South Ocean Boulevard—a street lined with the vacation houses of business heavyweights like Blackstone Group CEO Stephen Schwarzman —is going on the market for $105 million.

Beverly Hills Estate With Model Trains Seeks $58.88 Million

Nick Springett

A Beverly Hills estate with a mansion, two guesthouses and miniature trains that can squire riders around the property is seeking $58.88 million. The sellers are retired real-estate developer Alan Casden and his wife Susan.

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COMMERCIAL REAL ESTATE Supply Shortage in U.S. Sends Home Prices Higher

David Gray/Reuters

Home prices climbed and sales declined during the third quarter as a chronic supply shortage continued to disrupt the housing market. Single-family home prices rose on an annual basis in 92% of 177 U.S. metropolitan areas, according to the third quarter report from the National Association of Realtors. That was the largest share of metros notching price gains in more than two years.

China’s Communist Party Has Ties to $5.15 Billion Hong Kong Property Deal

Agence France-Presse/Getty Images

Hong Kong’s richest person has just reached one of the world’s largest-ever property deals, and it involves the Communist Party of China.

HOUSE OF THE DAY A Connecticut Schoolhouse Turned Home

Klemm Real Estate

Built around 1850, this two-bedroom property in Washington has a working bell tower and outdoor swimming pool.

GREATER NEW YORK REAL ESTATE Ernst & Young Move U.S. Headquarters to Manhattan’s Far West Side

Mark Kauzlarich for The Wall Street Journal

Global professional services company Ernst & Young LLP is heading to Manhattan’s far West Side. The company said it plans to move its U.S. headquarters from 5 Times Square to One Manhattan West, where it has signed a lease to take 600,000 square feet on 17 floors.

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DESIGN What the Architects of the High Line Are Up to Next

Richard Barnes

With four major projects under construction in New York alone, and more across the globe, the firm Diller Scofidio + Renfro has gone from downtown phenomenon to international powerhouse. Having made the challenging transition from consummate outsiders to ultimate insiders, DS+R has managed to preserve much of the punk-cerebral energy that sustained the firm at the beginning.

The Design Wizards Gwyneth Paltrow Keeps on Speed-Dial

Inez & Vinoodh

Robin Standefer and Stephen Alesch’s firm design fantastical spaces for everyone from Anthony Bourdain to the Metropolitan Museum of Art. Now the partners are expanding their vision with their first retail store in New York City.

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