LAS VEGAS-Deutsche Bank has spent nearly $4 billion on a casino on the Las Vegas Strip. The bank will unveil the Cosmopolitan, a 3,000-room glass-facade casino in a few weeks.
Initially, the bank was funding a loan of $1 billion to construct the two-tower project. When the developer Ian Bruce Eichner failed to pay up the loan in 2008, the bank could not find new partners and so it decided to complete the development with its own money. For the full story, go to Wall Street Journal.
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
