Principals have no comment on sale reports

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Friday, Sept. 26, 2003 | 11:21 a.m.

The owner of the Desert Passage mall, a 475,000-square-foot retail outlet connected to the bankrupt Aladdin hotel-casino on the Las Vegas Strip, had no comment today about reports that the mall had been sold to New York-based real estate developers.

Richard Farley, senior vice president of RFR Realty LLC, and Rick Matthews, senior vice president of Trizec Properties Inc., Toronto, said today they could not comment on reports that RFR and East Coast developer David Edelstein had completed a deal to acquire the mall.

Real Estate Alert first reported Wednesday that RFR Holding LLC, a subsidiary of RFR Realty LLC, would buy the mall for about $235 million.

Farley and Matthews said Thursday and today that they could not comment on the reports.