jimmybond commented on Fontainebleau is For Sale

The Wall Street Journal is reporting that corporate raider/activist investor/occasional casino owner Carl Icahn has contracted with CBRE real estate to sell the mothballed Fontainebleau property . CBRE Group said that Mr. Icahn has hired the company, which expects a sale price of about $650 million for the 22-acre and the roughly two-thirds completed hotel and casino development.