By WSJ Staff
Here’s a look at real-estate news in Tuesday’s WSJ:
An Indian Casino Tests Bankruptcy: Santa Ysabel Resort and Casino—too broke to build its resort and too small to lure many gamblers to its casino on a reservation outside San Diego—is about to test the notion that Native American enterprises aren’t eligible for protection under U.S. bankruptcy law.
Downtown Prices Chalk Up Plaudits: Actress Nicole Kidman has also found success off the silver screen, selling a three-bedroom apartment in a glass tower overlooking the Hudson River in the West Village for $16 million, one of the highest prices paid for a downtown apartment on a square-foot basis.
Firms Restructure as REITs: Faced with limited investment opportunities as the global economy slows, a growing number of companies are weighing changing their entire corporate structure to become real-estate investment trusts.
Tech’s Boom Taps Queens: New York’s technology boom has a new beachhead, and it’s in Queens.
House of the Day: After cutting his retirement short, the owner of this Mediterranean-style home in Northern California brought his travels in Europe to bear on this wooded retreat.
Europe House of the Day: This award-winning six-bedroom property in north London, owned by leading British designers John and Frances Sorrell, wraps around an existing home.
Asia House of the Day: This beach-facing villa in Koh Samui, Thailand, not only has its own amenities such as a plunge pool and a gym, but residents also have full access to the neighboring Four Seasons resort.