Los Angeles-based Furniture Mart Enterprises LLC, headed by Jack Kashani, recently paid about $13 million to Union Pacific for 20 acres of land in railroad yards near Downtown. Kashani hopes to build a $750-million World Market Center on the land. He also has options for more ground.
It's an idea with a lot of merit, says Perry Muscelli, the Cushman & Wakefield broker from Las Vegas who handled the transaction.
''Las Vegas is the No. 1 convention city in the nation,'' Muscelli tells GlobeSt.com. ''Our airport handles people well, there's plenty of convention space, and it's a fun and inexpensive place for a convention.''
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
