Deutsche Bank bets big on Cosmo

September 2008
Las Vegas Business Press (10712186);9/22/2008, Vol. 25 Issue 38, pP5
The article offers information on the construction of the Cosmopolitan resort and casino located on the Las Vegas Strip. It reports that former developer Ian Bruce Eichner defaulted when pressured by Deutsche Bank to increase his equity stake on the project. With no willing buyers Deutsche Bank took it upon itself to continue the construction of the Cosmopolitan resort and casino. W.A. Richardson Builders were contracted as casino consultants for the endeavor.


Related Articles

  • FINANCING IMPERILS STRIP PROJECTS. Knightly, Arnold M. // Las Vegas Business Press (10712186);3/24/2008, Vol. 25 Issue 12, p42 

    The article reports on two multi billion-dollar Strip real estate developments in Las Vegas, Nevada that could become victims of tightening credit markets and rising construction costs. The article notes that Deutsche Bank has notified developers of the Cosmopolitan that it will begin...

  • Whopper's ready, the Beast soon.  // Motor Transport;6/9/2005, p14 

    Reports on the availability of the Whopper building, the first phase of a scheme by SladenAston Developments in Doncaster, England, as of June 2005. Size of the building; Plans for the second phase of the scheme; Role of Deutsche Bank Real Estate in the scheme.

  • MGM MIRAGE STILL HUNTING FOR FINANCING. Stutz, Howard // Las Vegas Business Press (10712186);3/16/2009, Vol. 26 Issue 11, pP20 

    The article announces that discussions between MGM Mirage and Deutsche Bank have failed and that the casino operator will need to find $1.2 billion in loans to complete the development of its CityCenter. It says that Wall Street gaming analysts are concerned about the liquidity problems facing...

  • Homebuyers sue Cosmopolitan. Illia, Tony // Las Vegas Business Press (10712186);6/22/2009, Vol. 26 Issue 25, pP5 

    The article deals with three lawsuits filed by more than 400 plaintiffs against the Cosmopolitan Resort Casino project in Las Vegas, Nevada. The casino had been slated to be launched in December 2009. However, developer Ian Bruce Eichner failed to obtain the construction loans in January 2009...

  • Perini builds the new $1.5 billion Cosmopolitan.  // Business Press: Serving Southern Nevada;4/18/2005, Vol. 22 Issue 16, special section p11 

    Reports on the selection of Perini Building Co. as the general contractor for the Cosmopolitan Resort Casino in Las Vegas, Nevada as of April 2005. Location and features of the casino; Comments of New York developer Ian Bruce Eichner regarding Arquitectonica, designer of the project.

  • Deutsche preps for 250,000 sq ft Birmingham hub. PILKINGTON, LISA // EG: Estates Gazette;4/27/2013, Issue 1317, p35 

    The article reports on the plan of Deutsche Bank to develop a 250,000-square-foot hub in Birmingham city centre, England and relocate staff from London to reduce costs.

  • Future gaining clarity for Cosmopolitan. Knightly, Arnold M. // Las Vegas Business Press (10712186);9/15/2008, Vol. 25 Issue 37, pP15 

    The article reports on the appointment of Related Cos. by Deutsche Bank to continue the development of the Cosmopolitan condominium project in Las Vegas, Nevada. On September 5, 2008, Related sent a letter to brokers and contract holders of the condominium units announcing that buyers are...

  • Bank arm seeks license as Cosmopolitan owner. Knightly, Arnold M. // Las Vegas Business Press (10712186);11/16/2009, Vol. 26 Issue 46, pP17 

    The article reports that an affiliate of Deutsche Bank is seeking a casino license as the 100 percent owner of the Cosmopolitan. The report was confirmed by the Gaming Control Board but the bank declined to comment on the application. A rumor spread about an agreement with Hilton Hotels Corp. to...

  • Construction, public works jobs strong in 2001. Illia, Tony // Las Vegas Business Press;01/08/2001, Vol. 18 Issue 2, p15 

    Presents an update on construction activity in Southern Nevada as of January 8, 2001. Factors cited for the growth of construction in the region; Aladdin Resort Casino projects; Athena Group's high-rise luxury developments; Steve Wynn's plans for the Desert Inn; Expansion of Rouse Co.'s Fashion...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics