CBRE Appointed to Market the 55-Acre Hughes Center in Las Vegas

CBRE has been exclusively retained to market Hughes Center, a landmark mixed-use 55-acre development featuring nearly 1.5 million square feet of office and retail space. The property is being brought to market as part of a receiver-facilitated sale, offering a generational opportunity to acquire a significant piece of Las Vegas real estate.

“Hughes Center is a legacy site with the kind of scale and location that rarely comes to market,” said Parks. “This is more than a redevelopment opportunity; it’s a chance to reshape a central part of Las Vegas. The site invites a bold vision, and we expect interest from groups ready to create something that defines the next chapter of the city.”

Executive Vice President, Michael Parks and First Vice President, Michael Hsu will serve as the local experts on the project, leveraging CBRE’s national institutional reach to market the property on behalf of the receiver.

The Hughes Center is strategically located in the heart of the Las Vegas resort corridor, just two blocks east of the Strip. It is adjacent to the MSG Sphere and in close proximity to the F1 Paddock and Harry Reid International Airport. This prime location positions it as a strong candidate for potential redevelopment uses, including mixed-use development, resorts, and sports and entertainment-driven projects, capitalizing on the city’s expanding global profile.

"The Hughes Center is in a key location that’s ready for a bold new chapter. Redeveloping this property is more than a real estate play; it’s a chance to redefine the area,” said Clark County Commission Chair Tick Segerblom. “With the right vision, this site can become a catalyst for revitalization, bringing new energy, jobs, and opportunity to the heart of Las Vegas."