Israeli company buys into Las Vegas

Filed under Deals, Lev Leviev - Africa Israel Investments

July 2, 2007 1:20 pm

Africa Israel Investments, an Israeli company controlled by the diamond billionaire Lev Leviev, agreed to buy, with its partners, a parcel of land in Las Vegas near the Hard Rock Hotel & Casino for $625 million.Africa Israel will have a 49 percent share in the “mega-project,” while its partners, which include the New York real estate investor Steven Witkoff, the Cipriani family and the Credit Suisse Group, will share the remainder, the company said Sunday.

read the rest published by IHT here:

http://www.iht.com/articles/2007/07/01/bloomberg/bxvegas.php

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Israeli company buys into Las Vegas

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