Doc3

Hoops Matchups

2.895 million Medina, Minn. Roughly 10,700-square-foot home on 6.3 acres The recreation wing of the home includes an indoor pool with a vaulted ceiling, a playroom with a kid-size climbing wall, a golf simulator and, finally, "the gymnasium." A 75-by-46-foot basketball court has a Plexiglas viewing window and a mini-locker room.

http://on.wsj.com/15y5ZMs

American Realty Bids to Buy REIT

American Realty Capital Properties said it made an unsolicited offer to buy a so-called nontraded real-estate investment trust for $5.7 billion.

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

A Hedge Funder Is Selling This Gorgeous Shelter Island Mansion With A Stripper Pole In The Basement For $28.5 Million

Curbed's Rob Bear's pick for "House of the Day" is this beautiful Shelter Island mansion with a stripper pole in the basement that is on the market for $28.5 million. The home belongs to Marco Birch, a portfolio manager at Louis Bacon's Moore Capital Management.

http://read.bi/10n7PAf

Taylor Moore of Canada Would Sell Home for 6,750 Bitcoins -- AOL Real Estate

Taylor Moore, of Alberta, Canada, is hoping to be the first person ever to sell his home in Bitcoins: 6,750 Bitcoins, to be exact, or 405,000 Canadian dollars (about $395,000). "My home is being traded for Bitcoins!" Moore's listing reads. (The home is pictured at left.)

http://aol.it/11n0fZ0

Jon Bon Jovi Just Listed His Manhattan Duplex For A Whopping $42 Million

Corcoran/Wikipedia Want to live like a rockstar? Well if you have $42 million, now you can live like Jon Bon Jovi. After more than a year of speculation that it would hit the market, the rockstar has listed his duplex apartment in Manhattan's SoHo neighborhood for a sky-high price, celebrity real estate blogger The Real Estalker reports.

http://read.bi/15svCy6

Architecture Fans Say These Are The Coolest Buildings In The World

Online architecture database Architecture has just announced the winners of its first annual "A+" awards, meant to "break architecture out of the echo chamber" and into the public eye. There were 52 categories in total, ranging from Best Memorial to Best High Rise Office Building.

http://read.bi/ZxhNOf

HOUSE OF THE DAY: Britain's Most Expensive Home Gets Price-Slashed By $52 Million

The Ability Group After more than a year on the market with a price tag of £100 million ($158 million), the London estate called Heath Hall has failed to sell. Now the owners have chopped £35 million ($52 million) off the price in hope that a wealthy royal or tycoon will bite, according to The Daily Mail.

http://read.bi/WHMlya

Canada Firm Places Bet on Mexico Border

But, with property values depressed on the Mexican side of the border, Verde turned into a financial disaster for the long list of high-powered investors that Mr. Sanders led into the company, including Vornado Realty Trust and Fortress Investment Group . Between 2003 and 2007, Mr. Sanders financed the company by selling shares for $25 to $33 each.

http://on.wsj.com/WEN4QL

Europe's Top Property Fund Shows Taste for Risk

Europe's biggest real-estate fund manager has started making its first investments in the U.S. market, in the latest sign of an increased appetite for risk among some European investors. AXA Real Estate Investment Managers, which has €45 billion ($58.2 billion) in assets under management, plans to buy assets worth up to $450 million through its first U.S.-focused fund, according to Chief Executive Pierre Vaquier.

http://on.wsj.com/11ct32K

A Bright Spot in Cyprus

While the banking sector in Cyprus churns, the island's ailing real-estate industry is casting a hopeful eye to a large gas discovery recently off the country's southern coast. Real-estate values on Cyprus have plummeted along with those in most southern European countries. The immediate outlook remains grim, especially with the eruption of the banking crisis.

http://on.wsj.com/YU4t6n