Las Vegas Real Estate News

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BREAKING NEWS>>>>>>>MGM/Mirage and Deutsche Bank Suspend CityCenter/Cosmopolitan Resort Merger Talks

Click to Read the article from Bloomberg.com

Vdara at MGM CityCenter-Construction Site by June Stark www.LasVegasCondoExperts.com

Photo Above was taken from the COSMOPOLITAN RESORT CONSTRUCTION SITE and is of Vdara at CityCenter - Notice the Track - which will move folks from the Bellagio thru CityCenter

THE Cosmopolitan Resort - Rising West Tower by June Stark www.LasVegasCondoExperts.com

The above photo is of the Cosmopolitan Resort West Tower

I was disappointed to hear the news that talks of a merger of the Cosmopolitan resort and MGM/Mirage CityCenter have been suspended. As I was taking spin class today, my fellow spinners were commenting that MGM/Mirage stock was dropping on an up day. Now I know why. 

Maybe Deutsche bank should hang onto its cash and have available financing for the pre-construction buyers who, in this economy, will most probably be unable to secure financing, A little birdie told me that the rental program terms that was previously given to Cosmo Buyers was being revisited. Hopefully, these revisions will be in an effort to be more attractive than other venues.  The casino is so well located that it can be a cash cow if run properly even in challenging economic times. Planet Hollywood, Bellagio, Aria, all are set back from the Boulevard - COSMO'S is right there. Stay tuned for more Las Vegas strip news!!!

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Comments

Ahhh... Those banks are keeping us hanging again! Great photos. Thanks for sharing this news with us!

Posted by Eileen Hsu (許小姐) Manhattan NY Real Estate (Prudential Douglas Elliman) 8 months ago

WHOA!  I have been so out of the news loop, I heard this first from you!

Posted by Renee Burrows - Las Vegas NV Valley - Homes For Sale - SRES - SRS - AHWD - ABR (Encore Realty Group -Realtor>Estate>Probate>REO>Short Sale) 8 months ago

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