The Real Deal - New York Real Estate News

Sheldon Adelson is leaving Las Vegas (maybe)

Posted: 31 Oct 2020 11:00 AM PDT

Sheldon Adelson’s Las Vegas Sands Corp. is reportedly soliciting interest for all of its three Las Vegas casinos. The three properties — the Venetian Resort Las Vegas, the Palazzo, and the Sands Expo Convention Center — could sell for as much as $6 billion, Bloomberg reported. The move would mean an exit from the U.S. gambling industry for the world’s largest casino company, but Adelson, who serves as chairman and CEO of the company, has

Huge California ranch owned by McDonald’s CEO Ray Kroc lists

Posted: 31 Oct 2020 09:00 AM PDT

A sprawling California estate once owned by a fast-food titan is hitting the market — and it’s asking quite a bit more than dollar-menu prices. The 554-acre ranch once owned by former McDonald’s CEO Ray Kroc, located in the Santa Ynez Valley in Santa Barbara, is hitting the market for $29 million, the Wall Street Journal reported. Kroc, along with his then-wife, Jane, bought the property around 1965 for just $600,000. That was shortly after

Arizona agent who hurled racial slurs loses job

Posted: 31 Oct 2020 06:00 AM PDT

An Arizona real estate agent lost his job after hurling racial epithets at two Black men outside his Scottsdale condominium building. Paul Ng approached the men, who were filming a video outside the building, and asked them what they were filming. When one of the men, Dre Abram, asked him why it was his business, Ng described “problems” in the neighborhood, according to the New York Post. Ng shortly thereafter tells the two men that