MGM announces $119 million sale of condo units at CityCenter

12/24/2012 | Las Vegas Review-Journal

MGM Resorts International said it is selling 427 condo units at the Veer Towers in Las Vegas' CityCenter to LVT Owner LLC. "This is new money coming into a marketplace that hasn't seen a lot of investment. Even though it's a cyclical thing and it's taken us a little longer to come back, this is an affirmation of the current market in general and an indication that things will get better from here," said Tony Dennis, CityCenter Residential executive vice president.

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