MGM Resorts International has agreed to sell the retail component of CityCenter, a $9 billion casino, hotel and retail complex on the Las Vegas Strip, to a Simon partnership for $1.13 billion, a source says. MGM co-owns CityCenter with the United Arab Emirates-based Infinity World Development Corp. Read the Bloomberg story here
Skanska completes Portsmouth Marine Terminal offshore wind upgrade
Skanska has completed the redevelopment project for the Virginia Port Authority, upgrading 72 acres of Portsmouth Marine Terminal (PMT) and 1,500 feet of wharf that now serves as an offshore wind staging