Last Updated: October 7, 2008 04:21pm ET

$2.3B Down, $700M to Go for Citycenter Financing

By Brian K. Miller

LAS VEGAS-MGM Mirage closes on $1.8 billion of the $3 billion in financing it wants to help complete the $11.3-billion, 19 million-sf project and has an additional $500 million in commitments.

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Distressed CRE Continues to Ebb

WASHINGTON, DC-A forthcoming report from Delta Associates shows that distressed commercial real estate in the United States totaled $166.9 billion in January 2012, down $4.7 billion since October 2011.

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