[1][2] After the 1989 announcement of plans for the MGM Grand hotel and casino,[3] attorney Bob Unger recognized the investment potential of an adjacent property where he was handling an eviction case.

[4][5] Forest City Enterprises, a national real estate developer with interests in Las Vegas including the Galleria at Sunset mall, signed on to provide additional funding and expertise to the project,[5] taking a 20% ownership stake.

[20] The City Center / Angelo Gordon partnership sold this portion of the mall in 2011 to Unilev Capital Corp., a California real estate investment company, for $93.5 million.

[21] The Nakashes and Gindi, along with home-curtains manufacturer Elyahu Cohen, then purchased the third, northern section of the mall from Unilev Capital for $139.5 million in January 2015.

Earlier in the year, the Nakashes and Gindi had paid $59.5 million to purchase a building to the north of the mall, which had previously housed the Smith & Wollensky steakhouse.