Blog - Las Vegas Commercial Real Estate

Koch Industries Buys Stalled Las Vegas Casino Development

2/18/2021

(Bloomberg) -- The real estate unit of Koch Industries is buying a long-stalled resort and casino on the Las Vegas Strip, betting on a rebound in a city hit hard by a plunge in tourism during the Covid-19 pandemic.

The company is partnering with Fontainebleau Development, an early developer of the property before the project went bankrupt during the financial crisis. Financial terms weren’t disclosed.

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