A side venture to fill half of an empty industrial building in Stead may prove to be a profitable new line of business for Silver Lake Storage owner Peter Styczen. Styczen has operated a growing third-party logistics company for the past 15 years. Tempo Fulfillment Inc. was founded in Aurora, Ill., and expanded to Pinellas Park, Fla., about eight years ago. In 2018, Styczen expanded again into Northern Nevada with a 30,000-square-foot warehouse on Echo Avenue in Stead.
The national trend of build-to-lease communities is gaining quite a foothold in Northern Nevada. Build-to-lease or build-to-rent communities are developed by home builders who lease rather than sell the new residences.
The fact that housing costs in Lake Tahoe and Truckee are untenable for front-line ski resort employees is as well known as the 10-minute rule about changing weather patterns in Northern Nevada. Seasonal employment at regional resorts spikes into the thousands when lifts start spinning in late November and early December. In an effort to lure and retain front-line resort employees, as well as provide lodging options for key year-round employees, major ski resorts in Northern Nevada and Northern California have added a variety of housing assets to their real estate holdings or signed numerous master leases on Tahoe-area motel and lodging properties.
One of the oldest tilt-up industrial complexes in Reno is seeing new life, and it’s already resulted in nearly full occupancy from a spate of new tenants.
Transforming the large vacant lot at the corner of Moana Lane and Neil Road into a workforce affordable housing apartment complex has already been a 27-month journey for developer Lincoln Avenue Capital, and the project is truly just beginning.
Third-party logistics provider Fidelitone’s move into a new warehouse that’s 340 percent larger than its initial space in Northern Nevada positions the company to earn new business and better serve existing customers.
Northern Nevada’s white-hot industrial market is cooling faster than a late-fall sun slipping over the Western Sierra skyline.
CandleScience, which sells a wide range of candle-making kits and supplies, moves into 96,000-square-foot distribution center in The Park at McCarran.
Dermody Properties purchased the 232-acre former Allstate campus in the Chicago suburb of Glenview in October 2022 for $232 million.
Four years ago, Yerington farmer David Peri, owner of Peri & Sons Farms, rented some ground in California’s agriculture-rich Imperial Valley in order to have a year-round spring mix lettuce farming operation.
