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Tag: estate (Page 2 of 2)

Boeing Eyes Atlanta for Huge Distribution Center

The Boeing Co. is looking at south metro Atlanta for a warehouse and distribution center that could approach 1 million square feet — the latest mega project for the region’s booming logistics sector. The aerospace giant (NYSE: BA) is working with third-party logistics provider XPO Logistics Inc. (NYSE: XPO), which has been touring south metro industrial properties this year and may be focused on Clayton and Henry counties. Industrial real estate developers with projects along the Interstate 75 corridor south of Atlanta have competed for the Boeing facility, which could range from 800,000 square feet initially to eventually more than 1 million square feet.  Developers have seen a request for proposals for the project, according to real estate sources familiar with the process.

Click the link for the full story! https://www.bizjournals.com/atlanta/news/2019/07/19/boeing-eyes-atlanta-for-huge-distribution-center.html?ana=yahoo&yptr=yahoo

How Wynn Resorts Could Free Up Billions in Cash

One of the trends sweeping through the gaming industry over the past decade is selling real estate to real estate investment trusts (REITs). Sometimes companies control their REITs, like MGM Resorts (NYSE: MGM) does with MGM Growth Properties (NYSE: MGP) and Caesars Entertainment (NASDAQ: CZR) does with VIVI Properties(NYSE: VICI), and sometimes real estate is sold to third-party companies. 

REITs free up cash for casino companies, often to the tune of billions of dollars. That money can help reduce debt or fund growth projects, which is attractive because it doesn’t fundamentally change a resort’s operations. But Wynn Resorts (NASDAQ: WYNN) has avoided the temptation to sell most of its real estate over the years. If it did, however, the company could free up billions of dollars in cash. 

Wynn's Encore Boston Harbor.
Wynn’s Encore Boston Harbor.

Image source: Wynn Resorts.

Click the link below for the full story from “The Motley Fool”

https://finance.yahoo.com/news/wynn-resorts-could-free-billions-163400237.html

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