{"id":265,"date":"2018-01-26T22:07:57","date_gmt":"2018-01-27T03:07:57","guid":{"rendered":"https:\/\/sierrasothebysrealty.blog\/2018\/01\/26\/sierra-sothebys-international-realty-represents-one-largest-land-deals-nevada-history\/"},"modified":"2018-01-26T22:07:57","modified_gmt":"2018-01-27T03:07:57","slug":"sierra-sothebys-international-realty-represents-one-largest-land-deals-nevada-history","status":"publish","type":"post","link":"https:\/\/www.sothebysrealty.com\/sierrasir\/blog\/2018\/01\/26\/sierra-sothebys-international-realty-represents-one-largest-land-deals-nevada-history\/","title":{"rendered":"Sierra Sotheby\u2019s International Realty Represents One of the Largest Land Deals in Nevada History"},"content":{"rendered":"

Incline Village, NV (January 25, 2018) \u2013 Sierra Sotheby\u2019s International Realty<\/a> recently announced, in conjunction with L. Lance Gilman Real Estate, the sale of the remaining land at the Tahoe-Reno Industrial Center <\/a>(TRI) with approximately 68,000 acres sold to a major software company from Southern California.\u00a0The size of the land involved is approximately the size of the entire city of Reno, NV.<\/p>\n

Jay Margulies of Sierra Sotheby\u2019s International Realty represented the buyer, Blockchains, LLC<\/a>., with a series of nine major transactions and 37 separate pieces of land; closing escrow on Jan. 18, 2018. The purchase price of all the transactions has not yet been disclosed; it is estimated to be nine figures by the parties involved in the transaction.<\/p>\n

\u201cBeing a part of one of the largest, if not the largest, real estate transactions in the history of Nevada has been a privilege,\u201d stated Margulies. \u201cThis is definitely one for the history books.\u201d<\/p>\n

Who is Blockchains, LLC. and what is the development plan for the property? <\/u><\/em><\/strong><\/p>\n

Blockchains, LLC., is a software company currently based in Southern California that develops technology for the Ethereum Blockchain. They are focused on financial services, software development of distributed applications (Dapps) for the Ethereum blockchain and trusted identity solutions.<\/p>\n

Blockchains, LLC is at the forefront of one of the most revolutionary innovations since the advent of the internet, blockchain distributed ledger technology. A premier innovator in the blockchain space. Blockchains, LLC conceptualizes and incubates blockchain-powered ideas, ventures and businesses.<\/p>\n

\u201cThe land purchased by Blockchains, LLC. includes a variety of tech and commercial sites. And, while they have not announced their specific plans for the land, I suspect that they will be building a large campus on a site in Comstock Meadows along USA Parkway\/Infinity Highway, very near the Google site, and adjacent to the Reno Land Tech park,\u201d said Lance Gilman, one of the founders of TRI (along with Don Roger Norman and his son Roger William Norman).<\/p>\n

\"\"<\/a><\/p>\n

Some History on Tahoe-Reno International Center<\/u><\/em><\/strong><\/p>\n

Recognized as the largest industrial park in the world, TRI owners initially purchased approximately 104,000 acres of land in Storey County in 2001 and invested over $100 million in road and infrastructure. Today TRI is home to over 150 companies in the park, including numerous Fortune Top 100 companies.<\/p>\n

In 2014, Tesla began operations at TRI, building their Gigafactory, making TRI one of the most sought-after tech locations in the world. TRI has been featured in Fortune Magazine<\/em>, the Wall Street Journal<\/em>, New York Times<\/em>, and many other leading business publications around the world, with the most recent article coming out soon in The Economist.<\/em> Bloomberg <\/em>called it the \u201cNew Silicon Valley\u201d in a recent publication.<\/p>\n

The park already includes almost 18 million square feet under roof with more under construction, and has attracted a permanent and temporary job count of over 15,000 people. That figure is expected to double in the next five to ten years, according to a recent press release from TRI.<\/p>\n

\"\"<\/a><\/p>\n

Sierra Sotheby\u2019s International Realty launches into Reno market<\/u><\/em><\/strong><\/p>\n

This series of transactions comes on the heels of Sierra Sotheby\u2019s International Realty\u2019s official launch into the Reno market.<\/p>\n

\u201cThis landmark deal segues perfectly into the opening of our new real estate office located two doors down from the Apple store at The Summit Reno,\u201d said Peter Strand, president of Sierra Sotheby\u2019s International Realty.<\/p>\n

\u201cNorthern Nevada has been explosive in the past ten years and Sierra Sotheby\u2019s International Realty brings a high level of global brand awareness and outreach into this market. We look forward to providing an elevated real estate experience for Reno, Sparks and the surrounding Carson Valley,\u201d Strand added.<\/p>\n

SEARCH FOR RENO PROPERTY<\/p>\n

<\/a><\/strong><\/p>\n

\"HorzKW\"<\/a><\/p>\n

775.832.4900
\n<\/strong>\u00a0SierraSothebysRealty.com<\/a><\/strong><\/p>\n

Nine\u00a0Lake Tahoe Real Estate Office Locations:
\nIncline Village | Northstar Village | South Lake Tahoe | Squaw Valley | Tahoe City Gallery | Tahoe Donner \u00a0| Downtown Truckee | Tahoe City Lakeside | Stateline\/Village at Heavenly | THE SUMMIT RENO –\u00a0FEBRUARY 2018<\/strong><\/p>\n

Find us on\u00a0Facebook<\/a>\u00a0|\u00a0Linked In<\/a>\u00a0|\u00a0Twitter<\/a>\u00a0|\u00a0Pinterest<\/a>\u00a0|\u00a0Instagram<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Incline Village, NV (January 25, 2018) \u2013 Sierra Sotheby\u2019s International Realty recently announced, in conjunction with L. Lance Gilman Real Estate, the sale of the remaining land at the Tahoe-Reno Industrial Center (TRI) with approximately 68,000 acres sold to a major software company from Southern California.\u00a0The size of the land involved is approximately the size […]<\/p>\n","protected":false},"author":248546753,"featured_media":1880,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_wpcom_ai_launchpad_first_post":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"{title}\n\n{excerpt}\n\n{url}","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false,"jetpack_post_was_ever_published":false},"categories":[1369],"tags":[],"class_list":["post-265","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tahoe-real-estate-news"],"jetpack_publicize_connections":[],"jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pfNAru-4h","jetpack-related-posts":[],"jetpack_featured_media_url":"https:\/\/www.sothebysrealty.com\/sierrasir\/blog\/wp-content\/uploads\/2018\/01\/TRI-Cropped.png","_links":{"self":[{"href":"https:\/\/www.sothebysrealty.com\/sierrasir\/blog\/wp-json\/wp\/v2\/posts\/265","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sothebysrealty.com\/sierrasir\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sothebysrealty.com\/sierrasir\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sothebysrealty.com\/sierrasir\/blog\/wp-json\/wp\/v2\/users\/248546753"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sothebysrealty.com\/sierrasir\/blog\/wp-json\/wp\/v2\/comments?post=265"}],"version-history":[{"count":0,"href":"https:\/\/www.sothebysrealty.com\/sierrasir\/blog\/wp-json\/wp\/v2\/posts\/265\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sothebysrealty.com\/sierrasir\/blog\/wp-json\/wp\/v2\/media\/1880"}],"wp:attachment":[{"href":"https:\/\/www.sothebysrealty.com\/sierrasir\/blog\/wp-json\/wp\/v2\/media?parent=265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sothebysrealty.com\/sierrasir\/blog\/wp-json\/wp\/v2\/categories?post=265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sothebysrealty.com\/sierrasir\/blog\/wp-json\/wp\/v2\/tags?post=265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}