Cosmopolitan luxury condos expect units to close for buyers the first half of 2010. Real estate brokers and hard contract holders of Cosmo units will receive letters outlining the current state of the condominium project on the Strip.
Cosmopolitan Las Vegas breathes new life with Deutsche Bank purchase. The financially troubled luxury Las Vegas Strip hotel has been bought out of foreclosure by an affiliate of Deutsche Bank for about $1 billion and they will continue to manage the design and construction of the Strip development.
Golden Nugget Downtown Las Vegas hotel adds a $121 million third tower. Construction is progressing for the 25 story downtown tower with reinforcing pillars that will support the lower levels of the hotel casino. The multi use space will include a pool deck, gaming, walk up retail and 524 additional luxury rooms.
McCarran Airport Las Vegas halts or deletes $360 million in projects from their five year capital improvement plan. The huge $3.7 billion in improvements to McCarran Airport is shedding some projects due to the current credit market and downturn in the airline industry.