WSJ Real Estate
COMMERCIAL REAL ESTATE Blackstone Buys Logistics Portfolio From Principal for $500 Million
Blackstone GroupLP has purchased a 4-million-square-foot portfolio of warehouses, distribution centers and other industrial property for $500 million, according to people familiar with the matter, in a deal that shows that the love affair between the private equity giant and the hot logistics sector is continuing.Macerich to Sell West Los Angeles Mall
The Wall Street Journal
Mall landlord Macerich Co. said Tuesday it was talking to possible buyers of its Westside Pavilion, a 755,000-square-foot mall in west Los Angeles that has been suffering from weakening occupancy rates, who might have another use for the space.
Chinese Property Shopping Spree Fades as Beijing Hits the Brakes
Anthony Kwan/Bloomberg News
China’s controls on capital outflow are putting a chill on some global commercial real-estate markets. China’s Dalian Wanda Group’s plans for Nine Elms, a closely watched 57-acre redevelopment project in London, have become a victim of the Chinese government’s controls on money flowing out of the nation. Commercial real-estate participants keen to know the impact of Beijing’s capital controls might not need to look much further than the cat-and-mouse game that is being played in the residential markets for years.
- U.S. Homeownership Rises Slightly in Latest Quarter
- NYC Private K-12 Schools Go on a Billion-Dollar Building Spree
- U.S. Home Price Gains Accelerated in August [WSJ Pro]
Joshua Harris, co-founder of private equity firm Apollo Global Management , has purchased a 100-year-old mansion on Manhattan’s Upper East Side for $52 million. Though the property first listed for $72 million in 2016, the sale still represents the second highest price ever paid for a New York City residential townhouse.Michael Dell In Contract to Buy Massive Boston Penthouse
Four Seasons Hotel & Private Residences
Dell Technologies founder and CEO Michael Dell is in contract to buy an under-construction penthouse at One Dalton, which will be Boston’s tallest residential tower when completed, according to people with knowledge of the deal.A Home With a Hint of Monastery
Carmel Zucker for The Wall Street Journal
Norie Kizaki and David Wolf knew just what they wanted for the house they were building in Colorado: a home that reflected Ms. Kizaki’s childhood in a Buddhist monastery in rural Japan, where her father was a monk. But they also wanted a light touch: a relatively modest size and an exterior that wouldn’t stand out too much in their Boulder neighborhood, with its mix of 1950s-era ranch houses and colonial bungalows.Former Olympic Skier Bode Miller on His ‘Naked Boy’ Upbringing
Alexis Boichard/Agence Zoom/Getty
In this week’s House Call, the newly retired alpine racer grew up in the wilderness of New Hampshire. Today, he enjoys warm weather and golfing in Orange County, Calif.
- Don’t Get Burned by a Credit Freeze
- Luxury Homes for Sale Made for the Slopes
Garrett Rowland Photography
A former dairy farm, this property includes a house that incorporates contemporary design and elements salvaged from a 19th-century farmhouse.GREATER NEW YORK REAL ESTATE New Condo Projects Put Leonard Street on the Map
Toll Brothers City Living
Broadway is no longer the hot address in Tribeca: Developers are choosing more exotic addresses on nearby side streets for new residential condominiums.Kayne Anderson Buys Brooklyn Property From Jehovah’s Witnesses for $200 Million
Alexander Cohn/The Wall Street Journal
A Florida-based private-equity firm has purchased a high-profile Brooklyn Heights apartment building from the Jehovah’s Witnesses for about $200 million with plans to convert it into luxury senior housing.
- Sony Building Makeover Aims for Upscale Office Tenants
- Developer Reaches Tentative Deal for Union Financing of Crown Heights Project
F. Martin Ramin/ The Wall Street Journal
Becoming a parent means letting go of lots of little luxuries—sleeping late, cussing with abandon, eating food from your own plate—but in my early days as a mom, what I mourned the most was the luxury of exercising good taste. Did family-friendly design have to be so frumpy?
- 7 Interior Designers Reveal Their Clients’ Strangest Obsessions