Some know it as “The Beverly Hillbillies” mansion, others as Chartwell. Now, it has a new name: California’s chart-topper.

The Bel-Air residence of late media mogul A. Jerrold Perenchio has sold for the highest price in California history, about $150 million. The buyer is Lachlan Murdoch, son of Rupert Murdoch and co-chairman of publishing company News Corp., The Times has confirmed. — Los Angeles Times

Efforts to modernize suburban campuses can be as basic as organizing placemaking activities like after-work concerts or food truck Fridays. Usually, though, they require a much deeper investment in elements like upgraded lobbies, outdoor furniture, ball courts, fitness centers, grab-and-go cafes, greenways, bike storage facilities and open-plan offices that let in substantial natural light. — The New York Times

A Berlin-based artist who put up billboards advertising fake real estate projects in protest against runaway property development received more than 200 calls from would-be investors who didn’t get the joke. [...]

At a distance, the adverts look plausible but closer inspection of the images visualising what the new properties would look like reveals odd details. — The Guardian

After an incredible publicity blitz and well over a year on the market, Frank Lloyd Wright’s world-renowned Ennis House — tucked into the foothills of Los Feliz [...] — has sold for $18 million to an as-yet-unidentified buyer. That number, while significantly below the $23 million ask, ranks it as the priciest Wright-designed home ever sold, easily eclipsing the previous high-water mark set by the Storer House in nearby Hollywood Hills, which was purchased in 2013 for $6.8 million [...] — Variety

An Arizona house that was the last home designed by the architect Frank Lloyd Wright before his death sold on Wednesday for nearly $1.7m.

Out of nearly 20 bids at a public auction for the Norman Lykes House, the winning bid came from a man who lives out of state, Heritage Auctions told the Associated Press. — The Guardian

After selling his Malibu estate last year for $38 million, Silver has listed his Brentwood home for sale at $77.5 million...The bright-colored and striking Mexican modernist residence was designed by architect Ricardo Legorreta. Completed in the early 2000s, the roughly 26,000-square-foot house includes a circular atrium, a dining room topped with a pyramid-like ceiling and a 30-foot-high family room with hydraulic doors. — Los Angeles Times

The Related Companies has released new renderings and a new name for Thomas Heatherwick’s High Line project at 515 West 18th Street: Lantern House. The pair of residential structures is located along Tenth Avenue between West 18th Street and West 19th Street and flanks both sides of the High Line [...]. The development is Heatherwick’s first residential project in New York City and in the United States. SLCE Architects is the architect of record. — New York YIMBY

The hypothetical Retail Apocalypse should be supported by a decline in the total retail establishments, but that's not the case. The Bureau of Labor Statistics (BLS) reported 1,044,509 establishments for 2018, for a net gain of 2,413 establishments over 2017 (1,042,096). The 2018 figure also represents a net gain of more than 20,800 establishments since a retail trough in 2011, a low point resulting from the Great Recession. — Congress for the New Urbanism

Commercial-property prices in major cities around the world tumbled in the second quarter, amid signs of slower global growth and heightened trade tension between China and the U.S.

Average property prices fell in the second quarter from the first quarter in Hong Kong and Seoul to London and Washington, D.C., according to data from Real Capital Analytics. — The Wall Street Journal

Among the more than 16,200 condo units across 682 new buildings completed in New York City since 2013, one in four remain unsold, or roughly 4,100 apartments — most of them in luxury buildings, according to a new analysis by the listing website StreetEasy. [...]

Already the prices at several new towers have been reduced, either directly or through concessions like waived common charges and transfer taxes, and some may soon be forced to cut deeper. — The New York Times

With only 400-some Wright structures still standing, surely these listings must erupt in bidding wars from eager buyers as soon as they hit the market, right?

Wrong. On the contrary, Wright homes tend to sit on the market for years. Often with numerous price cuts! — Realtor.com

The Trump administration is vastly expanding the scope of condominium purchases eligible for lower-down-payment loans.

The move, announced Wednesday by the Federal Housing Administration, could help revive the entry-level condo market for first-time buyers because FHA-backed loans require only a 3.5% down payment and lower credit score than conventional loans. — The Wall Street Journal

In her lecture, entitled “Diverse City: How Equitable Design and Development will Shape Urban Futures,” Dowdell drew on her experiences growing up in Detroit and her work in real estate development. — The Harvard Crimson

A widespread over-supply of parking in metro Boston residential developments is driving up the cost of housing and may encourage people to own cars who otherwise would not, according to a new study by the Metropolitan Area Planning Council. — CommonWealth