The hotelier, who owns properties from Midtown Manhattan to Cochin, India, paid $5.4 million for the five-bedroom condo.

Letter to the Editor

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Mood of the Market

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Home values may hit bottom in last half of 2010, says Zillow

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Investors, high-income owners prepare for 2013 fallout

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REO inventory nears 200,000

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People in Real Estate

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RE/MAX takes back No. 10 spot in July

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From The Real Deal

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Some are nonsensical and do nothing to help borrowers

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Floor-to-ceiling sliding doors create an indoor-outdoor environment in this Michael Kovac-designed house.

Built in the wooded canyon area of Malibu's Serra Retreat, this home combines the appeal of a contemporary loft with the rustic exterior look of a Hamptons barn, using floor-to-ceiling sliding glass pocket doors in many rooms to create an indoor-outdoor environment.

Foes want the Obama administration to ban a 1% 'private transfer' charge — assessed every time a property is sold for 99 years — paid to investors who backed the home's original builder.

Can you name a housing controversy that pulls Iraq and Afghanistan veterans, consumer advocates, labor unions representing transport workers and government employees, the title insurance industry, the National Council of La Raza, libertarian and property rights groups and the National Assn. of Realtors all together into a protest coalition demanding quick action from the Obama administration?

If you finance your home through the normal lending process, a title search will undoubtedly turn up any liens for delinquent property taxes, unpaid loans and unsettled claims by subcontractors for labor and materials.

Frank Lloyd Wright's La Miniatura

Question: My elderly aunt has rented the same apartment for more than 15 years. Recently she received a warning notice from the manager requiring her to remove her accumulated belongings from the unit because they "constitute a safety hazard." When I called the resident manager about the warning notice, she said my aunt was a hoarder. I know that my aunt has difficulty discarding possessions, even old newspapers. I don't think she can control this behavior, and I am worried that she may have some kind of mental illness. Is there anything that can be done to protect her housing?