Los Angeles Los Angeles

Gindi Capital has acquired a 9.5-acre parcel on the Las Vegas Strip for $172 million from FX Luxury Las Vegas, an affiliate of Spectrum Group Management. The investor plans to build a retail and entertainment center on the property.

The team has yet to unveil specific plans for the site; however, it will include flagship retail, entertainment and dining experience. The property contains 700 feet of street frontage, doubling the company's holdings on the high-profile street.

JLL's vice chairman of retail advisory services Michael Hirschfield and his team will oversee leasing at the new development.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.