WSJ Real Estate
COMMERCIAL REAL ESTATE Commercial Property Transactions Dry Up as Sellers Hold Out for Better Prices
John Taggart/Bloomberg News
Big U.S. real-estate companies have been selling assets at a slower pace this year, as the gap widens between their views on what their properties are worth and buyers’ willingness to pay high prices.
- New York Falls Behind Dallas and Los Angeles in Commercial Property Sales
More People Think Renting Is a Better Deal Than Buying
A growing percentage of renters believe it is cheaper to rent than to buy a home, which helps explain why the homeownership rate remains persistently low nearly a decade after the housing crash. There is also a growing divide among baby boomers and millennials over whether Airbnb is a boon or a bane for tenants. But U. S. new-home sales in September recorded the largest single-month increase since 1992.Backlog in EB-5 Immigration Program Creates Cash Hoard for Property Developers
A backlog in the controversial EB-5 immigration program, which enables foreigners who invest in the U.S. to get green cards, is making billions of dollars of new money available for investments in real estate and other businesses. The backlog is primarily in China, where the EB-5 program has become so popular that applicants can face delays of more than 10 years from the time they make their investment of at least $500,000 to the time they get their visa.
- Big Law Firms Look to Shrink Their Office Space Use
- Driverless Cars Could Slam Brakes on Self-Storage Sector
Summit Sotheby’s International Realty
In Park City, Utah, a wealthy entrepreneur and avid snowboarder is putting his snowboarding-oriented home on the market for $18.9 million. Rick Alden founded Park City-based Skullcandy, which specializes in manufacturing headphones and speakers designed for snowboarders and extreme sports enthusiasts. Now that he’s selling his spread, Mr. Alden is willing to throw in part of his massive snowboard collection.
- Chief of Travel Website Kayak To Pay $21 Million for Florida Condo
- Wrigley Chewing Gum Heir Lists Florida Ranch for $20 Million
Kelly Marshall for The Wall Street Journal
Arthur Becker, a real-estate investor, artist and former tech executive in Manhattan, shows off a collection of art and ancient artifacts.When Sellers Compete Against Their Building’s Developers
Stephen Remich for The Wall Street Journal
It is a seller’s nightmare: Putting a luxury condo on the market, only to find that upstairs, another unit that has never been lived in is on the market for the same price or less. And to make matters worse, the seller upstairs has the resources to keep cutting his price if his place doesn’t sell. This is the plight that some owners of luxury condos built in the past few years are encountering, as they find themselves in direct competition with their building’s developer when it comes time to sell.
- How Attractive Real-Estate Agents Affect Home Buyers
- House Call: Regina Spektor: From Russian Refugee to American Pop Star
Bailey Chastang Photography
The former professional pitcher JC Romero is selling his memorabilia-filled Alabama house.GREATER NEW YORK REAL ESTATE Jersey City Enters the Condo-Market Space Race
Claudio Papapietro for The Wall Street Journal
A sleek limestone and glass tower soon will soar nearly 900 feet into the skyline with broad views of New York harbor and the Statue of Liberty. This latest venture isn’t in Manhattan—it is in downtown Jersey City, where its developers hope to create a fresh brand and set a new standard for luxury and amenities. The tower, known as 99 Hudson, is part of a push by Chinese developers to enter the local condominium market in a big way, setting the stage for expansion into other major markets.Lord & Taylor Sells NYC Flagship Store for $850 Million
Richard B. Levine/Zuma Press
Lord & Taylor is selling its flagship New York City store for $850 million, a move that will convert most of the landmark building into office space and the headquarters of real estate startup WeWork Cos.
- WeWork’s Lord & Taylor Deal: Savvy Move or Top of the Market?
Richard Drew/Associated Press
A group of Long Island residents on Tuesday filed a class-action lawsuit against Suffolk County in New York, claiming that county fees for filing real-estate documents are illegal and amount to unauthorized taxation.
- City Housing Groups Roll Out Plan for Community Land Trust
- Offices Sprout on Lower East Side as a Neighborhood Transforms
Just when you think you have a handle on the brick-and-mortar retail crisis, the prognosis gets worse. But there’s one issue that no one has figured out how to solve: what to do with all those vacant stores. Here, three disruptive approaches to physical retail.5 Unnervingly Spooky Houseplants for Halloween
If you feel silly dressing in costume for Halloween but still get a kick out of the holiday, why not invest in some creepy greenery that’s as anthropomorphic, carnivorous or eerie as anything Poe conjured?