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W Las Vegas Condos By Edge Group Sold To Billionaire For $625 Million


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W Las Vegas real estate sold to Africa Israel Investments, an Israeli company by billionaire Lev Leviev. He and his partners have agreed to purchase 60 acres of land for $625 million of the failed W Las Vegas condos and Las Ramblas projects.

The plan is to build several luxury hotels, commercial real estate, and a casino within the next five years reported by Israeli media and Bloomberg News.

The group purchased the property near the Hard Rock Hotel with an expected sale completion by August 2007.

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W Las Vegas Luxury High Rise Condominium Resort And Casino Canceled

W Las Vegas CanceledW Las Vegas luxury high rise condominium casino project ready for development on the 50 acres of land located on Harmon in Las Vegas real estate has been canceled. This is the second Las Vegas resort planned for that site to be canceled.

Edge Group confirmed last week that its W Las Vegas condos had several significant challenges including funding after hotel partner Starwood Hotel left the resort project.

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W Las Vegas Real Estate Selling 50 Acres For $600M To Hotel Developer

W Las VegasW Las Vegas real estate by Edge Group is close to selling 50 acres of land west of the Hard Rock las Vegas to a real estate developer from New York. The sale price should be $16 million an acre or more than $600 million. This is record for near Strip land and double from last year’s value.

The Edge development is on a 1.2 mile portion located between the Strip and Paradise Road. Project CityCenter Las Vegas is at one end of the the Strip and Harmon while the Hard Rock Las Vegas, Morgans Hotel Group plans to expand, is at the other end of Harmon.

The total land for sale in Las Vegas, Nevada include 25 acres of land to develop W Las Vegas Residences and 25 acres of Ramblas property. The Las Vegas commercial real estate developments are scheduled to have a 6,600 unit condo hotel, casino, shopping, and restaurants. This would be similar to the current MGM Mirage Project CityCenter Las Vegas and Echelon Place.

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W Las Vegas Real Estate Plans For Sale Or Development By Edge Resorts

W Las VegasW Las Vegas condo hotel development by Edge Resorts has been approached by various investors in Las Vegas real estate interested in the two neighboring properties, which cover 49.5 acres of land on the northeast corner of Harmon and Koval, which includes the W Las Vegas and the current site of the Harbor Island Apartments.

Las Ramblas Las Vegas was going to be built on the Las Vegas land that is currently occupied by The Harbor Island land abandoned by The Related Co. earlier this year. The property, which borders the W real estate acreage, was purchased by Edge for $202 million last June.

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W Las Vegas Condos 2.5 Billion Contract Won By Lacina Heitler

W Las Vegas ResidencesW Las Vegas Residences and W Las Vegas Hotel and Casino $2.5 billion real estate contract has been awarded to Lacina Heitler, a boutique architecture firm.

Lacina Heitler Architects recently won the competition to design a new $2.5 billion W Las Vegas Hotel, Casino and Residences. Lacina Heitler had been best known for designing boutique stores in Manhattan, such as Searle and Galo. It is the largest real estate project to date for the small New York firm. It beat out Swiss architects Herzog & de Meuron, Carlos Ott of Uruguay, and the London office of HKS Architects to win the W Las Vegas real estate job.

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W Las Vegas Residences Purchased By World Series of Poker Stars

W Las Vegas ResidencesW Las Vegas Residences, Hotel and Casino were purchased by four of The World Series of Poker stars. Nearly 9,000 poker players from around the world have descended upon Las Vegas for the 37th Annual World Series of Poker. The W Las Vegas is a fully-furnished luxury hotel condominium residences at the W Las Vegas Hotel, Casino & Residences.

Phil Hellmuth won the 1989 World Series of Poker championship event at only 24 years of age. He’s made the money in more than 100 major tournaments, made more than 80 final tables, and won 18 events. He has won 10 WSOP bracelets. Hellmuth, who won the W Las Vegas Poker Invitational earlier this year, applied his studio condominium grand prize as a down payment on a penthouse suite.

David Williams found fame when he placed second in the 2004 World Series of Poker. This 26 year old has earned more than five million dollars in poker winnings and in four years, has made the money in 17 major tournaments and reached nine final tables. He earned a WSOP bracelet in this year’s tournament.

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