By WSJ Staff
Here is a look at real-estate news in Tuesday?s WSJ:
Leg Up for Downtown Detroit: A?mortgage magnate is going on a property-buying spree in a bid to revive the faded district.
Redrawn Map in New York Doubles Flood Zone:?The number of local homes and businesses within flood zones appears likely to double, with 35,000 new structures in or near New York City added to advisory maps released Monday by the Federal Emergency Management Agency.
In Far Rockaway, Recognition for Bungalows:?A small beach bungalow community in Far Rockaway, Queens, has been given the official nod as a state historic landmark and likely will get a national designation in a few weeks.
Ratner Scales Down Job Duties:?Bruce Ratner, a prolific developer who has spent the past three decades successfully battling for public approvals of large and often controversial projects, is planning to step down as chief executive of his company, according to multiple executives told of the decision.
Europe House of the Day:?This newly built five-bedroom house looks strikingly contemporary in an area of London largely made up of Victorian properties.
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Source: http://blogs.wsj.com/developments/2013/01/29/real-estate-news-leg-up-for-downtown-detroit/
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