By Sushil Cheema
Sotheby?s International Realty
House of the Day: South Pasadena Historic: This Los Angeles-area home dates to 1919 and was designed by noted architect Reginald Johnson. It includes a pool, guesthouse and nine bedrooms, as well as a dining room with a hand-painted mural.
Here is a look at real-estate news in today?s WSJ:
Economic Gains Fail to Revive Housing: New-home construction fell last month as a slowly growing economy has yet to revive the moribund housing market.
Blackstone Uses Clout on Hotel Debt: The downturn taught Blackstone how to use its clout and balance sheet to restructure debt on the private-equity firm?s pricey hotel investments.
Boom Goes Bust; Deal Maker Shifts Tack: In the past three years, Scott Lawlor lost Boston?s tallest skyscraper to foreclosure and became a high-profile example of the commercial-property industry?s excesses. Now he is close to signing up a partner to go shopping with.
Deal of the Week: Landlords Help in Disasters: When disaster strikes, some of the best real-estate deals are the ones that don?t make money.
A Face-Lift for Macedonia: While the economic downturn has slowed new development in many European capitals, in Skopje, the capital of the Balkan Republic of Macedonia, a new grand design is unfolding.
Plots Ploys: Paving the Way for Electric Cars: Jones Lang LaSalle is helping to pave the way for the emergence of the electric car by scouting various cities and states for 2,000 sites for charging stations
New Home Prices Up in Most of China: Prices of newly built homes in most of the Chinese cities covered in a government survey rose in April, indicating that the central government still faces challenges in reining in prices, despite tightening measures.
Architects? Billings Turn Down: Some economists are fretting over what appears to be a double-dip downturn in the housing market. Is commercial construction heading for its own double dip?
A House Divided: Soap Opera in Cincinnati: The grand old home of Ivory soap?s inventor is seeing a lot of action. His own family?s foundation is trying to tear it down. A band of amateur local historians and neighbors is trying to save it.
Europe House of the Day: English Riverside Mansion: This newly restored Victorian house with its own purpose-built ballroom fronts the River Thames for over 80 meters near Richmond, on the western outskirts of London.
House of the Day: South Pasadena Historic: This Los Angeles-area home dates to 1919 and was designed by noted architect Reginald Johnson. It includes a pool, guesthouse and nine bedrooms, as well as a dining room with a hand-painted mural.
New York
Cond? is Set for WTC: Publisher Cond? Nast is on the verge of finalizing its agreement to lease one million square feet in 1 World Trade Center.
N.Y. House of the Day: Garden Week: Rooftop Oasis: This pre-war apartment on the Upper West Side features a private rooftop deck with lush plantings, trees, a hammock and more.
Source: http://www.abortamerica.com/2011/05/18/real-estate-news-economic-gains-fail-to-revive-housing/
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