CityCenter Makes $119M Bulk Sale

LAS VEGAS-Those who follow @GlobeStcom on Twitter and @GlobeStLIVE may have seen a post teasing the announcement, but GlobeSt.com has learned that CityCenter, the 67-acre urban center here on the Las Vegas Strip, has sold 427 residences for $119 million at Veer Towers. According to Bobby Baldwin, president and CEO of CityCenter, “A sale of this magnitude allows us to now concentrate on the sell out of the Residences at Mandarin Oriental, Las Vegas; our flagship residential property.”

Each tower at Veer Towers features 335 residences, including studios, one-, two- and three-bedroom flats, and penthouses ranging from 500 to nearly 3,300 square feet. The deal reflects the sale of 427 of 438 remaining Veer Towers units previously held as developer inventory, says a prepared statement. The remaining Veer inventory includes 11 penthouses, which CityCenter Residential intends to sell.