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November 25, 2014

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Veer Towers

Veer Towers, left, and the Mandarin Oriental are seen at CityCenter.
California buyers scooping up 'cheap' Strip condos
Friday, August 30, 2013
After several dismal years brought on by the recession, sales and prices at luxury high-rises on or near the Strip are rising. The market, while far from booming, is rebounding thanks to drastically lower prices and an improved economy.
The Las Vegas skyline is seen from the top of the Bellagio.
How much does it cost to build a Strip resort?
Friday, March 8, 2013
The Genting Group got a steal on the Strip land it bought this week to build Resorts World Las Vegas, a 3,500-room Chinese-themed resort. The Malaysian company paid Boyd Gaming only $350 million for the 87-acre site of the imploded Stardust and failed Echelon. By comparison, Phil Ruffin sold the 36-acre New Frontier property in 2007 for $1.24 billion, a Las Vegas record.
Veer Towers at CityCenter
Veer Towers virtually sold out with bulk sale of 427 units
Friday, December 21, 2012
A buyer linked to a New York City investment firm has paid $119 million for more than 60 percent of the condos at CityCenter’s Veer Towers. The bulk sale of 427 units, recorded Thursday in Clark County, means almost all the available inventory has been snapped up.
Anthony Young checks out the view from the recreation room at Veer Towers in CityCenter Wednesday, June 15, 2011.
Valet living, loving life high above the Las Vegas Strip
j. patrick coolican:
Friday, June 17, 2011
Anthony Young is living the Las Vegas dream if there ever were one. When he’s not working as a valet at New York-New York, he can crash at his cool, tile-floored, 12th-floor studio apartment at one of the Veer Towers at CityCenter.
The soaring, 80-foot tall lobby area of Veer Towers frames the Mandarin Oriental at CityCenter.
CityCenter's leaning Veer Towers officially open
Thursday, July 15, 2010
The last of the residential buildings at CityCenter officially opened Thursday, with the two leaning Veer Towers welcoming its first residents and opening model units. The two 37-floor towers include a mix of studios, one-, two- and three-bedroom units and penthouses. The units range in size from 500 to 3,300 square feet and cost between $348,000 and about $2 million, depending on the size and features of the unit.
A look at the new model condos April 14, 2010, at the Mandarin Oriental Las Vegas at CityCenter.
CityCenter condo closings slow in down economy
Prospective buyers cautious amid sour real estate market, Perini dispute
Friday, May 28, 2010
The closing of condo sales at CityCenter has gotten off to a slow start, according to analysts who track the housing market. Through the end of April, MGM Mirage and Dubai World, the owners of the project, have closed on 78 of 1,543 units at the Vdara condo-hotel, according to SalesTraq.
A look at the new model condos April 14, 2010, at the Mandarin Oriental Las Vegas at CityCenter.
Mandarin Oriental at CityCenter unveils model condominiums
Thursday, April 15, 2010
More than four months after debuting its Las Vegas hotel, Mandarin Oriental at CityCenter unveiled its model condos Wednesday in an effort to grab more luxury buyers.
CityCenter condos may outperform market
Friday, February 5, 2010
CityCenter is starting to finalize sales of condominiums, which coincides with already difficult conditions in the Las Vegas high-rise condo market, analysts said.
A view of the Veer Towers during a tour of MGM Mirage's CityCenter project in November.
CityCenter unveils financing program for condo buyers
CityCenter closings are scheduled to begin in January
Wednesday, December 9, 2009
Three weeks before CityCenter starts closing on condominiums, it unveiled a program today to provide financing to some buyers and help others arrange for the loans they need. CityCenter buyers have been awaiting word on the program because of the difficulty in obtaining high-end loans to purchase condominiums.
CityCenter's Veer Towers were awarded Leadership in Energy and Environmental Design gold certifications by the the U.S. Green Building Council.
New LEED certifications cement CityCenter's green status
Energy column:
Friday, November 27, 2009
All eyes are turned toward CityCenter as the green giant prepares to open next month.
A view of Veer Towers, left, and the Mandarin Oriental, Las Vegas are shown during a tour of MGM Mirage's CityCenter project Wednesday, Nov. 18, 2009. The photo is taken looking east from the Aria toward Las Vegas Boulevard.
Two more CityCenter structures earn high green ratings
Mandarin Oriental and Veer Towers both get LEED Gold certifications
Friday, November 20, 2009
Mandarin Oriental and Veers have both reached the high environmental standard, bringing the total of LEED Gold certified facilities to six. Others include Crystals retail district, Vdara, ARIA’s hotel tower and separately, its convention center and theater.
CityCenter reduces condo prices 30 percent
MGM Mirage planning one-on-one meetings with buyers
Monday, October 5, 2009
CityCenter has reduced prices of its condos by 30 percent in an effort to satisfy concerns from condominium buyers who signed purchase contracts for the units more than two years ago, when the real estate market was booming. "We believe that in this economic climate this price reduction is an appropriate step to take on behalf of our buyers as to provide them greater flexibility in closing on their residences," Bobby Baldwin, president and CEO of CityCenter, said in a statement.
How much will CityCenter slash its condo prices?
Friday, September 11, 2009
CityCenter, by the end of September, is expected to announce how much it will cut condominium prices, but one gaming research group says co-owner MGM Mirage will have success trimming those prices about 30 percent.
A view of MGM Mirage's CityCenter along the Las Vegas Strip.
CityCenter gives condominium buyers hope for price cuts
real estate:
Saturday, August 15, 2009
Buyers of CityCenter condos, grumbling about the drop in real estate values and other concerns, say MGM Mirage officials who were previously reluctant to discuss the issues are now reaching out to them. Buyers say they hope the talks lead to price reductions on existing sales contracts, which is their primary goal. MGM Mirage officials, worried that some buyers will not want to close on their units, are also inviting customers to discuss their concerns about construction problems uncovered at CityCenter in recent months.
A sales executive talks about Veer towers during a January 2006 media open house. So far, 432 condo and condo-hotel units have sold at Veer. The average price per unit at Veer, Mandarin Oriental and Vdara towers is $1,250 per square foot, four to six times as much as other luxury units have sold for in Las Vegas recently.
CityCenter condo prices not bending to market
REAL ESTATE: MGM Mirage isn’t budging, though some buyers may walk away
Thursday, May 21, 2009
Buyers of CityCenter condos are urging the project’s managing partner, MGM Mirage, to lower prices on the units by 30 percent to 50 percent to better reflect the valley’s sagging condo market. MGM Mirage is balking at the idea — at least for now. Some buyers — many of them signed purchase contracts more than two years ago — are bracing for an uncomfortable confrontation with the company late this year.

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