On March 31, 2011, Douglas P. Wilson was appointed as Receiver of the World Market Center Las Vegas, a 5 million square-foot showcase for the home and hospitality contract furnishings industry in downtown Las Vegas.
The World Market Center, a landmark in downtown Las Vegas, looms over the Interstate 15/Interstate 515 Spaghetti Bowl interchange and totals 5 million square feet on 57 acres.
World Market Center Las Vegas hosts the Las Vegas Market, a major trade show held twice a year. Las Vegas Market features a vast array of product offerings across all categories, including furniture, accessories, gift, lighting, home textile, rugs, floor coverings and more. A portion of the building features permanent showrooms for interior designers and the general public. These spaces are called the Las Vegas Design Center (LVDC) and span over than 400,000 square feet. Read more about the property in this article from the Las Vegas Sun.
DWC will focus on stabilizing the asset and capitalizing on the tremendous success of the Winter Market to prepare for the next industry market event in August 2011.