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George Clooney, Partners Sell Stake in Las Vegas Project

Edge Group Invests $201.6M; Plans Boutique Hotel District on Site of Former Las Ramblas Development
By Stephanie Phongpitag
June 23, 2006 | 3:22 P.M.

Edge Las Vegas Development LLC purchased a 25-acre site at Harmon Avenue east of Koval Lane. The site totaled 1.09 million square feet and sold for $201.62 million, or approximately $185 per square foot ($8.06 million per acre). The property currently consists of the Harbor Island Apartments and a few vacant lots.

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