Tag: The Cosmopolitan of Las Vegas
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Blackstone’s $5.65B sale of Cosmopolitan Las Vegas sees no real estate transfer taxes due to Nevada’s 2007 law change
The transaction that saw Blackstone sell The Cosmopolitan of Las Vegas for $5.65 billion, including a $1.625 billion lease-back deal for MGM Resorts International to acquire its operations last month, became the latest high-priced sale in Las Vegas that did not publicly report tax payments routinely levied on home purchases, in the form of real estate transfer taxes. ...