A long-mothballed, unfinished casino-hotel on the Las Vegas Strip sold for $600 million on Tuesday, eight years after construction halted on the 63-story tower amid the recession.

A partnership led by New York-based real estate company Witkoff bought the Fontainebleau Las Vegas, a hulking bluish tower that was 70 percent finished when construction stopped and has since served as a training site for firefighters.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]