This 6 minute video shows how to transform a CAD file from a modified projection into its corresponding projected coordinates. For more information about modified projections see the blog post: Transform CAD Layers in ArcGIS Pro
For more information about using the placed CAD to get new parcels into the parcel fabric, see these other videos:
How to automate and process a cad file to create parcels
DEMO: Bringing CAD lines into the Parcel Fabric using ArcGIS Pro 2.8
