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Real Estate News: Luxury Mall Hits the Wall

The Wall Street Journal
House of the Day: Built in 1992, this mansion with views of the Pacific includes a 50-car motor court, a horse riding ring and space enough for an all-out block party.

House of the Day: Built in 1992, this mansion with views of the Pacific includes a 50-car motor court, a horse riding ring and space enough for an all-out block party.


Lehman to Take Archstone Public: Lehman Brothers Holdings Inc. filed plans to take apartment giant Archstone Inc. public in a major step toward unwinding its largest real-estate investment, which helped undo the investment bank in 2008.



China’s Housing Program Hits Local Hurdles: China’s local governments aren’t adequately implementing a national low-cost-housing program intended to anchor social stability and spur economic growth, a government think tank said.

Diverse Kensington Keeps Stirring the Mix: The Brooklyn neighborhood of Kensington may be somewhat off the beaten path, but it is increasingly on the radar.

Luxury Mall Hits the Wall: A six-year-old mall on the Atlantic City boardwalk once valued at $210 million drew a high bid of only $25 million at auction, leading the seller to stop the sale.

Media Turning to New Page: Nielsen, the marketing and advertising research company, is nearing a deal to move to the former Goldman Sachs headquarters building near the New York Stock Exchange in what would be the latest shift by a major media company to the Financial District.

The Commish: Broker Battles in Court: The competition over big accounts in the brokerage industry can be cutthroat. A lawsuit by a former CBRE Group Inc. broker exposes just how ugly it can get.



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