Las Vegas Sands Corp.’s two Las Vegas properties, the Venetian and the Palazzo, generated just $36 million in business during the second quarter.
The move appears to be the culmination of a recent battle as activist investor Bow Street has pushed for changes at the REIT.
In some cases, this discourse might be related entirely to the business aspects of commercial real estate investing.
Block 16, a new 343,528-sq.-ft. property in Bellevue, Wash. is being marketed for sale.
Fund mangers could lose $2 billion on credit-risk-transfer securities, which shift the risk of borrower defaults from the GSEs to private investors.
The REIT is looking at selling a portfolio of energy infrastructure loans and commitments acquired from General Electric.