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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.

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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.

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Cosmopolitan Las Vegas condo hotel on The Strip begin foreclosure proceedings. Deutsch Bank notified the Cosmopolitan real estate developers a week ago that they will start bankruptcy due to the rising construction costs and volatile credit markets.

The luxury high rise is adjacent to the massive MGM Mirage Projecty CityCenter resort on the Strip.

Another potential construction delay or complete scrapping of a $6 billion development could be The Plaza at the previous site of the New Frontier across from Wynn Las Vegas, Nevada.

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Cosmopolitan Las Vegas condo hotel is looking for cash from Investors. The resort and luxury condominium project on the Strip, adjacent to Project CityCenter and Planet Hollywood NV hotel, is looking for $400 million.

Cost overruns are a result of rising construction fees and increased architectural plans. Most under construction resorts have been plagued with this scenario.

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Cosmopolitan Las Vegas Resort Casino recently held a traditional sake and Japanese blessing ceremony to mark the placement of the Las Vegas luxury condos first piece of steel. The new $3 billion Las Vegas high rise real estate project at the Strip and northwest corner of Harmon Avenue will use a total of 41,000 tons of structural steel when it is done. Almost 100 luxury condominium officials were present April 9 when a crawler crane lifted a 60,000-pound box, 50-foot-tall girder, into place.

To purify the soil Cosmopolitan Las Vegas high rise project officials placed a pinch of salt at each of the four corners of the beam. A time capsule with engineering drawings in Japanese and English, signed by executives, were placed at the base of the beam.

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The Stratorise project, Las Vegas luxury high rise, proposal for a 45-story high-rise along Las Vegas Boulevard won’t be heard until Nov. 1, with Stratorise South LLC, Las Vegas real estate developer, asking to delay a hearing on the issue.

Victor Altomare Australian developer sold 0.68 acre parcel of his planned 21 story, 236 unit Liberty Tower Las Vegas condo project in early January 2006 to Statorise South LLC for $5.5 million. The Las Vegas real estate sold for 600 percent more than its original $900,000 price in 2004.

The Stratorise Las Vegas condos, at 1431 Las Vegas Boulevard South, across the street from the Stratosphere Las Vegas, had a scheduled hearing by the Las Vegas City Council today.

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