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Wednesday, March 2, 2016 | 6:02 p.m.
We have quite the Wicked Whisper & Racy Rumor this Wednesday!
Wall Street bankers were abuzz today that MGM Resorts International has agreed to sell the Shops at Crystals in CityCenter for $1.13 billion in a Simon Property partnership.
Simon, the commercial real estate company ranked No. 1 in the U.S. as the largest real estate investment trust with 325 properties coast to coast, owns and operates the Forum Shops at Caesars Palace and the two north and south premium outlet malls.
Crystals is a high-end mall that is part of MGM’s CityCenter joint venture with Infinity World Development.
Wall Street bankers noted that the transaction is consistent with MGM’s stated intention to monetize assets.
Robin Leach of “Lifestyles of the Rich & Famous” fame has been a journalist for more than 50 years and has spent the past 15 years giving readers the inside scoop on Las Vegas, the world’s premier platinum playground.
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Follow Las Vegas Sun Entertainment + Luxury Senior Editor Don Chareunsy on Twitter at Twitter.com/VDLXEditorDon.