The bank is selling its mortgage on the Viceroy Anguilla to Starwood Capital Group at a hefty discount, the latest example of capitulation by a bank that has nursed a troubled real-estate project for years.

Morris Bailey and Dennis Gomes are paying million for Resorts Atlantic City, at a time when gambling revenue is declining and customers are being siphoned off to Pennsylvania venues.

Real-estate funds saddled with boom-time properties are getting relief from Wall Street firms and other investors hoping to capitalize on their need for cash.

The Dutch company's expansion has yielded disappointing results due to the weak economy, competition and the difficulties of exporting Western shopping concepts to a country steeped in different traditions.

A Jacksonville hotel missed paying its mortgage despite million in help from the Hyatt chain.

Toyota. Apple. And now Ferrari? The list of once-vaunted brand names that have had to recall or fix faulty products stretches on.

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A new study of the richest people in Congress has sparked a mini uproar.

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There are many lessons in the high-price McCourt divorce being argued this week, but the greatest lesson from the salacious split between Jamie and Frank McCourt has gone mostly unnoticed: the lesson of how the wealthy shield their assets from creditors.

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The economy is looking weak enough that raising taxes on the affluent and wealthy--or anyone for that matter--looks increasingly difficult. It also may be economically unwise. Some of the most well-reasoned and factual arguments about the Obama tax increases have come from Mark Zandi, chief economist with Moody’s Analytics.

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Automotive execs might still be wary of flying on private-jets. But demand for flying private seems to be on the rise for another, more-selective segment of the traveling population: pets.

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Economist David Rosenberg urged a note of caution when reading Thursday's positive pending home sales report.

Here's a look at the real estate news in today's WSJ.

A Hamptons home heads for the auction block as foreclosures trickle up.

Here's a look at the real estate news in today's WSJ:

Residential Properties Ltd.

Pending Home Sales Rise in July: Stocks gained on Thursday after the National Association of Realtors reported that pending sales rose by 5.2% in July. Five Mistakes Home Buyers Make: From snubbing the real-estate agent, to failing to determine how much a buyer can truly afford, this list should help avoid some common pitfalls. Surprising Shelter: Real-Estate Funds Gain: Despite continued bad news about the economy and real estate's role in it, mutual funds and exchange-traded funds in the real-estate sector have rebounded during this past year. Fed's Pianalto: Multiple Solutions Needed on Housing: The housing crisis needs multiple, coordinated policy solutions, Federal Reserve Bank of Cleveland President Sandra Pianalto told a conference on Thursday. House of the Day: Providence Poet House: The poet who's lived in this 6,800-square-foot former carriage house finds it well-suited for writing. The Rhode Island home features seven bedrooms and an indoor fire pit.

Today we wrote about the excitement surrounding a big California land auction that was set for Thursday. Well, the bidders should just stay home.

Paul Fireman's ranch is one of the largest in the West, with an asking price of million. Plus, Bret Saberhagen's home lists, and a Beverly Hills home asks .5 million.

Even in this market, buyers can get tripped up. Here are a few do's and don'ts for first-timers.

Three homes with outdoor fireplaces for under million in Hawaii, Chicago and Georgia.

A look at houses with saltwater pools in California, Massachusetts and Washington state.

The 290,100 acres are 150 miles east of Santa Fe. Plus, a home designed by Marcel Breuer is on the market for .8 million, and an interior designer has cut the price on his Washington, D.C., home.