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A Little off the Top

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Las Vegas' CityCenter is partially opening this month, and the sprawling condo/hotel/retail project has to unload three buildings-worth of condominiums, no easy task given how hard it can be to get loans for high-end properties. According to the Las Vegas Sun, today CityCenter reps introduced a new financing strategy to help buyers get those loans. Additionally, the paper reports that CityCenter cut condo prices by 30 percent in October because of market conditions and to aid buyers in their attempts to get financing. [Las Vegas Sun]