Real Estate Blog

Check out today's Wall Street Journal for an interesting national take on what's happening in Reno and the Tahoe Reno Industrial Center.  ("Reno Sees Future, and It Isn't Casinos" WSJ 10/24/15)

Old news, perhaps, for those who have seen the Industrial park grow to a size that dwarfs even Reno itself. With private rail connections to the Union Pacific, industrial park businesses can get a cargo container delivered to the Port of Oakland and have it shipped via rail to their back door.  For internet-based businesses, this means one-day shipping from Seattle to San Diego. Combine that with Nevada's favorable tax climate, easy access to Interstate 80 and an eager supply of workers, and you have an incredible cocktail for business success.

I first visited the Tahoe Reno Industrial center in 2013, when I started working real estate in Nevada. The park was at the time courting Colt manufacturing, and I was curious to see what was out there past Mustang. Even back then (before the arrival of Tesla put them on the map), there were 6,000 people reporting for work every day, and just one commercial restaurant ~ Subway.

A lot has changed since Tesla's arrival (most significantly the development of the new campus for Switch, the world's data keeper), but the opportunities for commercial and mixed-use development are still strong, both inside the park and in the communities that surround it.

Check out the WSJ article today, and stay posted for updates on the Industrial Park. Call me with any questions!