The Cosmopolitan, an upscale high-rise Las Vegas Strip condominium development under construction adjacent to MGM City Center, is facing questions about its future owner.  Construction is continuing, with the general contractor, Perini Building Co. stating that the project will be completed on time.  But the question of who will actually complete this project remains unanswered.  Several hotel and development companies are reportedly negotiating with Deutsche Bank, who provided construction financing, to acquire The Cosmopolitan.  One of the companies, Hyatt Hotels, had previously contracted to be the Cosmopolitan’s hotel operator.  Starwood Hotels and Related Cos. have also been considering involvement in the project.  Located adjacent to the new MGM City Center, this is a great development and sales have been strong since they began 2 years ago.  According to MGM sources, MGM is not considering purchasing this project, as the company would not be able to integrate the Cosmopolitan into the Leadership in Energy and Environmental Design (LEED) certification that MGM City Center is obtaining.  But, those of us who have been in the Las Vegas real estate industry for man years, have no doubt that this property will be completed and will be successful.  We’ll continue to post updates as they are provided.