TRIC paving completed
Paving has been completed on the final two miles of Portofino Drive, the second major highway in Tahoe Reno Industrial Center.
The four-lane road extends into the second phase of the industrial center, where initial projects include a 500,000-square-foot building developed by The McShane Companies and a 600,000-square-foot building built by Development Arts.
The news comes on the heels of a luxury home report from Nevada State Bank that showed in 2019, Northern Nevada’s high-value real estate market accounted for 418 home sales in 2019, an increase of 4.8 percent over 2018. The average luxury home price was over $1.8 million in 2019.