The owners of CityCenter, an $8.5 billion Las Vegas Strip development that opened amid the city’s real estate crash, said they sold 427 condominiums in a bulk transaction for $119 million.
The residences are at the 669-unit Veer Towers, built as part of CityCenter, a joint venture of MGM Resorts International and Dubai World’s Infinity World Development Corp., they said Friday in a statement. The condos’ buyer is Ladder Capital Finance Holdings LLLP, said Tony Dennis, executive vice president of CityCenter Residential. The CityCenter hotel, casino and condo complex opened in 2009.
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