<< Return to Real Estate News main menu WALL ST. JOURNAL REALTY NEWS WSJ.com: Real Estate Harlem Art Transformation Artist and designer Luis Da Cruz gutted and transformed this four-story Harlem home into a modern artist's abode. Foreclosure Deal Is Closer Federal and state officials aim to wrap up this week a multibillion-dollar agreement with five major banks to settle probes of alleged foreclosure abuses. Less Building Now, Higher Office Rents Later Office-building construction is in the midst of a severe drought. This means higher rents may be on the horizon in some cities, if history is any guide. A Modest Home for Palm Beach This 2,286-square-foot house, built around 1925, has no garage but does boast original details like pecky cypress ceilings, handblown stained-glass panes in the powder-room door and Cuban tile floors. The House a Storm Built When violent winds knocked down trees and damaged their home, a Minnesota couple seized the opportunity to start over. Anna Kournikova Sells in Miami Anna Kournikova sells in Miami, Nobu Matsuhisa Buys in Los Angeles and a Kauai beachfront home asks $24 million. Romney's Stance Hits Home Romney stands by his position that the government should stay out of the national housing mess and let the market "hit the bottom." But in hard-hit North Las Vegas, Nev., the implications are clear. Ally Financial Swings to Loss Ally Financial, the U.S. government-owned auto lender, swung to a $250 million net loss in the fourth quarter after taking a charge for regulatory penalties stemming from foreclosure matters. Lotte Moore (415) 412-7471 Sarah Kowalczyk (415) 464-7484 Mailing List

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