Wall Street Journal

New York and New Jersey officials unveiled the latest milestone for One World Trade Center: plans for an observation facility on the 100th, 101st and 102nd floors of the tower.

Moscow office-building owner O1 Properties was founded less than three years ago, but the company already has raised hopes in the Russian real-estate business that it will help overcome the industry's Wild West reputation.

Real-estate investment trusts enjoyed their best quarter since the first three months of 2012, but the REIT sector underperformed the broader stock market as investors developed a greater appetite for risk.

While such markets have their roots in some consumers' opposition to chain stores and industrial farming, developers say they have increasingly become the amenity of choice.

This Mediterranean-style property in Ibiza, with three bedrooms, swimming pool and extensive gardens, is a short walk from the sea.

Businesses moved slowly to fill office space in the first quarter, reflecting continued caution about the recovery.

The average price for a Manhattan apartment fell 16% to $1.2 million in the first quarter from the year-earlier period following a rush of accelerated sales of expensive properties by year-end.

Forget horseshoes. Using traditional tools and methods, modern-day blacksmith Michael Bondi crafts architectural features like hammered curtain rods and an elliptical bronze staircase.

This colorfully decorated duplex penthouse near Hong Kong's city center contains contemporary Chinese art, mythological images painted on the ceiling and a private rooftop.

Tech companies are eschewing skyscraper-filled downtowns for neighborhoods long considered marginal, where office-vacancy rates have plummeted to levels far healthier than central business districts.

The owners of this 1930s Greek Revival-style mansion rejuvenated the home to host everything from charity events to debutante balls.

Also in Private Properties: luxury condos on the Mediterranean ask $2 million to $20 million; a San Diego compound lists for $9.75 million, and more.

Home-price appreciation is accelerating in much of the U.S., offering the latest confirmation that the housing market is turning after the most severe property downturn since the Great Depression.

A growing number of luxury homeowners are withdrawing equity from their homes and pumping the cash into investments.

Building on their love for gardening, antiques and art, the owners designed, built and decorated this six-bedroom family home in Livingston, N.J., in 2000 and have now placed it on the market for $3.25 million.

How to screen vacation-home tenants from afar.

Using a kit and simple tools, an advertising executive builds his own weekend home in the California desert. The retreat has plenty of modern style but no sewer, no mailbox—and no air conditioning.

Thinking outside the box, the owner built this geometric home with fewer walls and plenty of character.

Also in Private Properties: a Colorado home's asking price is reduced 45% to $9.95 million; the former San Francisco home of Levi Strauss heirs asks $11.25 million.

Billionaire mortgage magnate Dan Gilbert is expected Thursday to unveil a plan that envisions recasting Detroit's core as a pedestrian paradise, with plazas, outdoor cafes and retail activity spilling onto the streets.