The land title to Michael Jackson’s Neverland Ranch was transferred a couple of days ago to a firm called Sycamore Valley Ranch Company LLC.
TMZ is reporting that Sycamore is a partnership of sorts between Michael Jackson and a division of a company called Colony Capital. Colony Capital owns the Las Vegas Hilton, the Red Rock Country Club, and other Las Vegas holdings.
TMZ had published a few news reports earlier this year where they claimed Colony Capital had helped out Michael by buying his $23.5 million Neverland mortgage.
Thomas Barrack Jr. is a Vegas big wig, and the word out in Vegas is that Michael may possibly perform at the Hilton and live in the Red Rock Country Club. TMZ also reported this also.
Apparently the ranch is being renamed and will be called the Sycamore Valley Ranch.