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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