Xanadu Real Estate Project in NJ May be Turned Over to Creditors

A group of investors led by Colony Capital may pass on the high-profile Xanadu real estate project in New Jersey to creditors, The Wall Street Journal reported. The clock is ticking towards an Aug. 9 to meet a deadline set by creditors including Capmark Financial Group, The Wall Street Journal reported without naming its sources.

N.J. Governor Gambles on a Gaming Overhaul

New Jersey's GOP Gov. Chris Christie is preparing to announce sweeping plans to overhaul Atlantic City's casino district, just one part of a set of proposals that would mark the most sweeping changes to the state's gaming industry since casino gambling was legalized.

Largest Ever U.S. Mall Complex May Never Open

Xanadu, the gargantuan New Jersey entertainment retail complex, could be toast. Less than a year ago, analysts were arguing that the project was "too big to fail," but the state of New Jersey may be considering a move to seize the land as the developer struggles to find new financiers.