Here is a look at real-estate news in today’s WSJ:
Real Estate Market Reference Centersource: blogs.wsj.com
California’s Building Bust Choking Off Jobs: Amid the tepid economic recovery, California’s construction industry continues to hemorrhage jobs, helping to explain why unemployment across the state remains so much worse than elsewhere in the country.
Real Time Economics: Housing, Rental Vacancies Flat From Year Ago: Vacancy rates for both for-sale homes and rental units were flat in the second quarter from a year ago, according to the Census Bureau’s residential vacancies report.
House of the Day: Palm Beach Penthouse: This investor who owns this penthouse unit spent more than $1 million finishing and furnishing the duplex, which features ocean views, marble flooring and a covered patio with Jacuzzi.
Slim Pays $44 Million for Fifth Avenue Home: Carlos Slim, the Mexican billionaire, is extending his reach in New York with the purchase of a century-old Beaux Arts townhouse on Fifth Avenue, paying $44 million.
Singer Daryl Hall Drops Listing Price on Home: Daryl Hall, the singer, musician and songwriter best known as half of the pop duo Hall & Oates, is now offering to sell part of his Dutchess County estate for about half the price he originally sought for the entire property.
Court to Bianca Jagger: Pay Landlords’ Tab: A New York state judge has ruled that Bianca Jagger must pay $708,600 in back rent and other fees to the landlords of a Park Avenue building.
City to Coordinate Bedbug Plan: City agencies are planning to better coordinate their response to bedbugs, include the development of a web portal to educate city residents and teams that will work with property owners to combat infestation.
NY House of the Day: Croton Spash: As the summer heat wave continues, we’re highlighting properties with notable pools. This Westchester home sits on two acres, features a pool with waterfall and is priced under $1 million.
source: blogs.wsj.com
;
