T
ech mogul Tony Hsieh's estate has been selling off his vast Las Vegas property holdings since his death in November 2020. The sales have generated over $45 million, with a dozen properties changing hands for roughly $46.9 million combined. However, many of the parcels he owned remain unsold, including apartment complexes, commercial buildings, and shuttered motel sites.

    Hsieh's estate has faced challenges in handling his property portfolio, which included vacant buildings and empty lots. Since his death, Las Vegas city officials have issued nuisance notices about several of his former properties, citing issues such as foul odors, waste accumulation, and vagrant activity. Some of these properties have been demolished or torn down.

    Hsieh's father, Richard Hsieh, is the administrator of his son's estate. Attorneys for the elder Hsieh did not respond to requests for comment. The sales are part of a larger effort to settle Hsieh's probate case, which has involved legal battles with friends and associates and court filings detailing Hsieh's struggles with drug use and erratic behavior in his final year.

    Hsieh was a key figure in downtown Las Vegas' economic revival, having invested heavily in the area through his company DTP Companies. He sold an online marketing firm to Microsoft for $265 million in 1998 and later led Zappos before its acquisition by Amazon in 2009. His estate has hired several brokerage firms to sell off his properties, including Logic Commercial Real Estate and Avison Young.

    Boston Omaha Asset Management acquired some of Hsieh's former properties for almost $25 million combined, but the company is winding down operations of its asset-management arm. The sale of four properties by Avison Young generated over $8 million in sales.