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U.S. Land Gets More Expensive

A year ago, Nate Nathan, an Arizona land broker, struggled in vain to sell several hundred home sites in Vistancia, a new-home community about 15 miles from downtown Phoenix. He listed the lots for $54,000 apiece, but no buyers would offer more than $45,000. All that changed over the past year.

http://on.wsj.com/12FAWSM

Playboy Bunny House in Los Angeles Hits Market for $11 Million -- AOL Real Estate

The Playboy Bunnies must be hopping off to live somewhere else because the famed Playboy Bunny house (just across the street from Hugh Hefner's Playboy Mansion) has just hit the market for $11 million. TMZ was the first to report that the scintillating home of Hefner's lovely ladies is up for sale, then Omg!

http://aol.it/11UcY3x

Here's The Weird Sculpture Of A Bald Man In Steve Cohen's Living Room

Looking at the listing photos for Steve A. Cohen's $115 million Manhattan penthouse, one thing caught our eye: a sculpture of a short, bald man with raised arms standing in a prime spot in the living room. Cohen's a well-known collector of contemporary art.

http://read.bi/12IQXXY

A Bird's Eye View from Brooklyn

A Bird's Eye View from Brooklyn $2,850,000 Brooklyn Heights, NY Apartment From its location on the 25th floor of a building in Brooklyn Heights, this three-bedroom apartment provides expansive views of New York City's bridges, buildings and waterways.

http://on.wsj.com/ZFfywm

Seeing Double on the Long Island Sound

Seeing Double on the Long Island Sound $10 million Madison, CT Waterfront These nearly identical summer homes, built in 1917 and later turned into a family compound, are hitting the market for the first time in decades.-Stefanos Chen Built in 1917, these twin summer homes on the Long Island Sound in Madison, Conn., were created as mirror images of each other for a pair of brothers named Henry and Edward Wiener, according to documents provided by the current owner, the Schumann family.

http://on.wsj.com/10A1GAl

LVMH to Mix Luxury and Tourism in Paris

Hemis/Zuma Press Luxury-goods giant LVMH Moët Hennessy Louis Vuitton has a plan to mix class and mass tourism in the heart of Paris. Eight years after concerns about fire safety forced LVMH to close its department store La Samaritaine, the retailer is set to break ground on a €460 million ($598.4 million) redevelopment of the iconic property.

http://on.wsj.com/16Ov1HV

KKR Goes Shopping

KKR Goes Shopping KKR & Co. likes something about Albany, N.Y.: It isn't Manhattan. The private-equity giant on Friday acquired Colonie Center, an Albany shopping mall with about 113 stores and 1.3 million square feet of space. The firm acquired the mall with two partners after the previous owners defaulted on a loan, KKR said.

http://on.wsj.com/16O6HWk

Cole REIT Selects Its Own Deal Over Rival's

A charged takeover battle for Cole Credit Property Trust III, a private real-estate company with $8 billion in assets, ended last week when Cole rejected a rival's bid to buy the company. But real-estate analysts say the public markets ultimately will determine who was right in June, when Cole plans to list shares as a publicly traded company.

http://on.wsj.com/ZCcOQk

Intricate Underground City for Homeless Uncovered In Kansas City, Mo. -- AOL Real Estate

Police in Kansas City, Mo, have uncovered an "underground suburb" where homeless people have been living, the likes of which homeless outreach groups have never seen, local station KMBC-TV reported. An intricate network of tunnels and caves had been carved underground, some as far down as 20 to 25 feet.

http://aol.it/ZBonr3