Listen Online - Listen on Mobile Radio.com | Mobile App Info

Miracle Mile Shops Mall in Vegas Sold to Investment Group

LAS VEGAS (AP) — The Miracle Mile Shops mall on the Las Vegas Strip has been sold to an investment group.

The former owner, Boulevard Invest LLC, announced the sale Sunday to an affiliate of Institutional Mall Investors, a group owned by Miller Capital Advisory Inc. and the California Public Employees’ Retirement System.

A sale price wasn’t announced.

Tristar Capital and RFR Holdings, the partnership behind Boulevard Invest, acquired the retail, restaurant and entertainment development in 2004. The indoor mall at the Planet Hollywood Casino Resort has a circular layout that stretches more than a mile.

Miller Capital Advisory president and chief executive Andrew Miller says the company is excited for the future of the development.

It’s anchored by several live theaters, including the residency home to performers Britney Spears and Jennifer Lopez.

Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Las Vegas

Get Started
Introducing Your New Podcast Network Play.it

Listen Live