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k1976

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Miami Waterfront Property Draws Offer Topping $1.23 Billion​


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The former site of the old Miami Herald building in Miami. 

Genting Bhd., the Malaysian casino giant, has received four offers for a trophy Miami waterfront property once envisioned as the site of a multibillion dollar resort, including a bid exceeding $1.23 billion.

“There’s been no break in the receipt of offers — at and even above the $1.225 billion price,” Michael Fay, with broker Avison Young, said in an emailed statement.
 
https://www.thesundaily.my/local/ki...ntegrated-cbd-in-genting-highlands-BG11245062

KUALA LUMPUR: King’s Park Development Sdn Bhd is on track to develop King’s Park, the first central business district (CBD) in Genting Highlands, in partnership with Yuk Tung Group and the Association for the Promotion of Higher Education in Malaysia.


Leveraging the high tourist arrivals in Genting Highlands, King’s Park is a mixed development project with a gross development value (GDV) of RM10 billion.
 
If see levels were really rising the property would be worthless.
 
Genting is in trouble selling prized assets
The son is going to run the company to the ground
 
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