By WSJ Staff
Here is a look at real-estate news in Wednesday’s WSJ:
A Wynn-Win in $70 Million Purchase: While high-spending Russian billionaires have been the talk of Manhattan real-estate market, deals for two apartments facing Central Park have closed for a total of $110 million, showing the strength of the domestic end of the luxury market as well.
Greece Places Sale Plan in Holding Pattern: While most of the world will be watching the Greek elections on June 17, some real-estate investors will have something else on their minds: Hellinikon.
Hotels A Win for Ex-Athletes: Hilton Worldwide Inc., seeking to expand the ranks of its investment partners, is finding surprising interest from one group in particular: former professional athletes.
Deal of the Week: Lehman Continues to Deal: After years of fighting, Lehman Brothers Holdings Inc. has sold two large California housing developments for $60 million to one of its main real-estate partners during the boom years.
Big Headache With Big Boxes: Close to a year after Borders Group Inc. collapsed, suburban shopping centers still are struggling to fill the vacated big-box space—and to cope with changes in the way Americans shop.
Bright Lights, Big City Wager on Office Towers: Houston-based developer Hines has struck a deal with the asset-management division of J.P. Morgan Chase to move forward with a new midtown Manhattan office tower without any preleasing, according to people involved in the deal.
The Shared Backyard: A surprising number of homeowners are bucking the notion that good fences make good neighbors and taking down the fences in favor of bigger gardens and more space to entertain.
House of the Day: This roughly 5,200-square-foot home in Kailua-Kona, Hawaii, sits in the middle of a resort community with views of the sea and plenty of amenities.
Europe House of the Day: This 16-bedroom manor house in northwest England dates back to at least 1066, although it owes much of its appearance to modernization in 1680.