According to the developers of Panorama Towers, Hallier Properties LLC, former Baywatch star Pamela Anderson has inked a deal to purchase a $1 billion, 2-bedroom, 2,000 square foot penthouse condominium at Panorama Towers, Tower 4.

Construction on Tower 1, on Industrial Road just south of Flamingo on the west side of I-15, should be completed by midsummer. Tower 4 is currently slated to be ready sometime in 2008.

Other stars who have reportedly purchased at Panorama Towers include Spiderman actor Tobey Maguire and The Aviator star Leonardo DiCaprio.