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Wildfires Put $65 Billion of California Homes at Risk

About 11,000 homes in Napa and Santa Rosa metropolitan areas at significant risk of damage
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WSJ Real Estate

COMMERCIAL REAL ESTATE A Website for Pop-Up Stores Attracts Funding

Appear Here

A venture-capital firm that focuses on real-estate technology is investing in a London startup that has created an online marketplace for pop-up stores. Fifth Wall Ventures, which is backed by big names in the real-estate world like Hines, CBRE Group Inc. and Macerich Co. , has made a “significant” investment in Appear Here.

Wildfires Put $65 Billion of California Homes at Risk

Rich Pedroncelli/Associated Press

More than 172,000 homes in the Napa and Santa Rosa metropolitan areas are at risk from the wildfires raging in northern California, with an estimated cost to rebuild of $65 billion.

  • Self-Storage Rents Jump After Hurricanes
KKR Closes on High-Risk Mortgage Fund [WSJ Pro]

James Leynse/Corbis/Getty Images

KKR has closed a $1.1 billion fund targeting the riskiest slice of commercial mortgage-backed securities in the latest sign the Dodd-Frank regulatory overhaul didn’t hurt that market as much as some participants had feared.

  • Shedding Seinfeld Stereotypes, Boca Property Developers Court Younger Crowd
  • For Some Struggling Malls, Churches Offer Second Life
MANSION On a Sea-Swept Island, a House Built to Withstand Floods

Sveinung Brathen for The Wall Street Journal

A tiny, exposed island off the far-west coast of Norway may be blessed with beautiful surroundings, but it also is at the mercy of punishing storms. So it is an unlikely place to build a year-round, multimillion-dollar vacation home.

Fernando Botero Lists New York Home and Art Studio

Yoo Jean Han

Colombian artist Fernando Botero is putting his longtime Manhattan home and art studio on the market for $6 million. Mr. Botero is known for his sculptures depicting oversize human and animal characters, which have been displayed prominently in locations such as New York’s Time Warner Center and on the Champs-Élysées in Paris.

Millennials’ New Weapon in Bidding Wars: A Parent’s Home Equity

Chris Gash

Call it the mortgage merry-go-round: Parents refinance their home to fund the full cost of their son or daughter’s desired home. This allows the child to compete as a desirable all-cash buyer in an area where bidding wars are common. Then, when the purchase closes, the child refinances the new home and pays the parents back.

  • Dive In: Three Penthouses With Private Plunge Pools
  • House Call: Actress Mercedes Ruehl Was Inspired by a Trunk of Hand-Me-Down Gowns
HOUSE OF THE DAY A Facelift for One of Manhattan’s Oldest Apartments

Andrew Frasz

Renaissance woman Ann Dexter-Jones revamped this Greenwich Village home to give it more of a loft-like feel, preserving original details where she could.

GREATER NEW YORK REAL ESTATE Rent Gadfly Takes On New York Landlords, One Building at a Time

Michael Bucher/The Wall Street Journal

At age 29, Aaron Carr has become New York City’s self-appointed enforcer of state rent laws. Last year, he started a nonprofit, Housing Rights Initiative, through which he organizes class-action lawsuits against landlords he suspects of breaking the law.

Boutique Office Buildings Attract Big-Name Tenants

RM Design

The niche market of small, upscale office developments has lured some high-end tenants willing to pay up for an amenity-packed floor or two. Now some developers are seeing another potential opportunity for these so-called boutique buildings: as headquarters for big firms looking to lease entire buildings. And in Manhattan’s Midtown South market, distinctive designs, outdoor spaces and connections to the neighborhood and its past are essential elements in the allure.

  • Manhattan Office Leasing Jumps on Financial-Sector Hiring

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