Lionel Trains are the iconic electric train set. One of the first electric toys to be inducted into the National Toy Hall of Fame they have been a popular part of American culture for over 100 years.

CUPERTINO — Little Jake Mason’s eyes are shiny and his tiny fingers are folded over a Plexiglas barrier as he gawks at two miniature trains zooming before him, only inches away. One engine, pulling ...

Millionaire real estate developer Richard P. Kughn liked Lionel electric trains so much he bought the company. His decision, however, was not impetuous. Kughn first spent nearly a half century ...