Las Vegas Sun

July 20, 2017

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Deutsche Bank offers settlement to Cosmopolitan buyers

Deutsche Bank AG, owner of the $3.9 billion Cosmopolitan Resort & Casino in Las Vegas, is offering to partially refund deposits to some condominium buyers in the delayed project, Bloomberg is reporting.

A Deutsche Bank unit that took over the Cosmopolitan in a foreclosure is offering buyers of West Tower units 74 percent of their deposit principal to walk away, according to a copy of the proposal provided by Sigal Chattah, a lawyer for some purchasers. The tower has 1,353 condo units, the documents show.

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