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Leviev buys into Vegas development deal
Africa Israel, foreign investors buy 49 percent of building rights in 60 acre, $625 million land deal. Development to take five years
Naama Sikuler
Africa Israel, along with two foreign investors, has recently acquired 49 percent of the building rights in a Las Vegas land development venture.
Joining Lev Leviev in the $625 million deal are subsidiaries of Credit Suisse and Steve Witcoff.
The property, located near the Hard Rock Hotel and Casino, spans 60 acres and will accommodate several hotels, a convention hall, a casino and commercial areas.
The property's development is said to take about five years.
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