Veer Towers

November 12, 2009 · 9:56 p.m.

How much does it cost to build a Strip resort?: Friday, March 8, 2013; By Ron Sylvester; 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 virtually sold out with bulk sale of 427 units: Friday, December 21, 2012; By Eli Segall; 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.

Valet living, loving life high above the Las Vegas Strip: j. patrick coolican:; Friday, June 17, 2011; By J. Patrick Coolican; 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.

CityCenter's leaning Veer Towers officially open: Thursday, July 15, 2010; By Kyle B. Hansen; 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.

CityCenter condo closings slow in down economy: Prospective buyers cautious amid sour real estate market, Perini dispute; Friday, May 28, 2010; By Buck Wargo; 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.

Mandarin Oriental at CityCenter unveils model condominiums: Thursday, April 15, 2010; By Amanda Finnegan; 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; By Buck Wargo; CityCenter is starting to finalize sales of condominiums, which coincides with already difficult conditions in the Las Vegas high-rise condo market, analysts said.

CityCenter unveils financing program for condo buyers: CityCenter closings are scheduled to begin in January; Wednesday, December 9, 2009; By Sun Staff; 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.

New LEED certifications cement CityCenter's green status: Energy column:; Friday, November 27, 2009; By Nicole Lucht; All eyes are turned toward CityCenter as the green giant prepares to open next month.

Two more CityCenter structures earn high green ratings: Mandarin Oriental and Veer Towers both get LEED Gold certifications; Friday, November 20, 2009; By Amanda Finnegan; 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; By Liz Benston; 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; By Buck Wargo; 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.

CityCenter gives condominium buyers hope for price cuts: real estate:; Saturday, August 15, 2009; By Liz Benston; 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.

CityCenter condo prices not bending to market: REAL ESTATE: MGM Mirage isn’t budging, though some buyers may walk away; Thursday, May 21, 2009; By Liz Benston; 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.

The Harmon isn’t Strip’s only troubled condo: GAMING: But for others, credit crunch is the problem; Monday, January 12, 2009; By Liz Benston; The discovery of structural problems at CityCenter’s The Harmon, which led developers last week to scale down the hotel and scrap plans for about 200 condominium units, might be viewed as an unfortunate incident that turned into a lucky break for partner MGM Mirage.