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Bet on Vegas-Area Retail: A real-estate...

Posted Jan 22 2013

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Bet on Vegas-Area Retail

Bet on Vegas-Area Retail

A real-estate development company headed by a former Miss Reno Rodeo sold a controlling stake in six Las Vegas-area shopping centers in a deal that reflects growing investor appetite for commercial property in weak markets. Territory Inc., run by Terri Sturm, sold a 78% stake in the properties to Inland Diversified Real Estate, a nontraded real-estate investment trust.

http://on.wsj.com/145SK6U

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