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Jason Hidalgo, RGJ 10:52 a.m. PST January 16, 2015
Las Vegas-based Switch plans to build a 3 million square-foot data center project in Northern Nevada, Gov. Brian Sandoval announced in his State of the State speech Thursday evening.
“Switch is scheduled to expand to Northern Nevada, bringing $1 billion of investment with it,” Sandoval said during his State of the State speech. The company will also invest an additional $1 billion to expand its existing operations in Las Vegas.
The project is considered a big win among economic development circles for a region that has focused on diversifying away from gaming, tourism and construction after the recession. Switch’s “supernap” project also includes the development of a fiber optic network that will connect Reno, Las Vegas, Los Angeles and San Francisco — something the company calls a “superloop” and will dramatically increase the speed information can travel among the cities.
The announcement continues a string of major economic development victories for Northern Nevada, which includes landing Tesla Motors’ $5 billion gigafactory battery plant late last year and Apple’s $1 billion data center in 2012. And like those companies, Switch’s data center expansion will include a tax incentive deal, according to a state economic development official.
The data center campus will be built in phases on a 1,000-acre site — about the same acreage for Tesla Motors’ gigafactory site — at the Tahoe Reno Industrial Center just east of Reno. Switch expects the overall project to take five to 10 years but its first facility should be open by the second quarter of 2016, said Adam Kramer, vice president of government and public affairs for the company.
Kramer did not give an employee headcount and average salary for the Northern Nevada site. Kramer did say that Switch employs 400 people at its Southern Nevada data center, which will expand from its current 2 million square feet to 3.5 million square feet. The Las Vegas operation also has an additional 5,000 people who work on the site for Switch’s clients.
By Kyle Roerink lasvegassun.com
Published Thursday, Jan. 15, 2015 | 6:40 p.m.
Las Vegas-based Switch unveiled plans to invest $2 billion in new infrastructure that will bridge Northern and Southern Nevada and bolster the state’s growing tech industry.
The company says it will create 5,000 new jobs, partner with eBay and build 4.5 million square feet of new facilities throughout the state to house servers that will store data for its clientele, a mix of Fortune 500 companies and government entities.
The news marks the state’s growing push to be a player in the tech market and a rare case in which Northern and Southern Nevada both benefit from a big-money, economic development deal.
Gov. Brian Sandoval delivered the news Thursday in front of elected officials, bureaucrats and media at his State of the State speech.
“This will make Nevada the most digitally connected state in the United States of America,” Sandoval said.
The announcement underlines the governor’s commitment to wooing high-profile companies with tax incentives as a way to grow Nevada’s economy. He’s used past State of the State speeches to tout the arrival of companies such as Apple and Urban Outfitters. But the Switch deal is the largest investment he’s publicized during a State of the State address.
For Switch, the expansion solidifies its role as the long-standing company willing to pin Las Vegas on the tech industry’s map. The company, led by CEO and founder Rob Roy, set roots in Las Vegas in 2000 and has invested hundreds of millions of dollars into the economy ever since. The company operates two data center facilities in Las Vegas, providing security, power and cooling for thousands of server-stuffed racks owned by clients such as eBay, Zappos, Amazon and the U.S. government.
Its new Las Vegas facility will give the company an additional 1.5 million square feet of space in the region. Switch has not announced the location of the facility.
Switch’s expansion to Northern Nevada means the company will be neighbors with Tesla Motors, the high-tech car company building a battery factory at the Tahoe-Reno Industrial Center, which is 17 miles east of Sparks in Storey County.
Switch will build a 3 million-square-foot campus at TRIC. Its first phase will be done by 2016 and its anchor tenant will be eBay, a company that’s worked with Switch for five years. Construction will begin immediately.
John Solari 11:02 p.m. PST December 21, 2014 Reno Gazette-Journal
Now that much of the dust has settled over the Tesla deal that will bring the world’s largest battery plant to Northern Nevada, one big questions remains — will the economic projections surrounding Tesla actually pan out?
The Governor’s Office of Economic Development has done a great job parsing the economic projections behind the Tesla jobs figures. But there are some interesting macroeconomic trends that are making the Tesla deal look better by the day.
Here is a brief recap of the economic multiplier that was used to project Tesla’s impact on Northern Nevada. Tesla is projected to create 6,500 direct jobs, all of them by 2018. Another 7,814 indirect jobs are projected from suppliers, distributors and other associated industries. Then, 8,402 induced jobs are estimated from the increased demand of this new workforce spending within the community. That totals 22,715 jobs.
There have been many questions about these calculations, and it should be reiterated that no projections are perfect in a fast-changing economy. But here are three reasons why Tesla’s economic multiplier projections are looking even more promising today than when the Tesla deal was approved:
A handful of Chase International agents recently attended Luxury Connect, a private, one-day gathering last month where elite professionals discussed the future of real estate. This first-ever event, spearheaded by Inman News, was held at the former William Randolph Hearst estate, the Beverly House.
Chase International agents were among the exclusive group of real estate agents who attended last month’s Luxury Connect. Left to right: Georgia Chase, Glenbrook; Donna Spear, Reno; Trinkie Watson, Tahoe City, Truckee and Incline Village; Shari Chase, Zephyr Cove (and Chase International CEO); Marian Huish, incline Village.
The exclusive group consisted of only 100 real estate professionals and agents. Chase International founder, president and CEO Shari Chase attended with agents Kerry Donovan, Donna Spear, Trinkie Watson, Marian Finish, Mary Kleingartner, and Georgia Chase.
“The luxury real estate industry is hungry for compelling information on innovative ideas and new technologies. That is what we do,” said Brad Inman, publisher of Inman News.
Keynote speaker Ariana Huffington was joined by an impressive lineup of speakers, including executives from Zillow and J.P. Morgan Securities, Topics included the luxury agent of the future and how technology will affect luxury buyers and sellers front around the world.
“It was a great opportunity to network with some of our premier luxury real estate professionals from around the country, as well as get a true pulse from our colleagues and vendors as to what they are experiencing in the luxury arena,” said Kerry Donovan of Chase International’s Incline Village office. “The agenda was fast paced and the professionals on the panels were really phenomenal.”
Huish noted the vital relationships that were created and fostered at this event. “There was a definite emphasis on the importance of building relationships – not only in your local market but on a global level. By utilizing the right tools and networking, the opportunities are boundless. I’m all about connecting people and helping to make the world a smaller place- and as a leader in the luxury real estate market, Chase International supports that goal.”
A historic property in Reno is on the market, and News 4 got an exclusive inside look at the multi-million dollar mansion.
The historic Nixon Mansion on California Avenue is back on the market after ten years of restoration work.
Senator George Nixon died shortly after the mansion was completed, but the estate remained occupied by notable families in Reno until the end of the 1970’s. That is when the mansion suffered a significant fire, destroying much of the inside.
Many of the lights throughout the mansion are the original fixtures, and you cannot miss the nine fireplaces, eight bedrooms, and nine bathrooms.
Griffin Rogers, June 27th 2014, The Record Courier
Multi-million dollar homes on desirable beachfront properties in Lake Tahoe were shown off Wednesday during Chase International’s 18th annual Lake Tahoe Lakefront Estates Tour.
The 20 properties showcased on the invite-only tour ranged from about $2 million to about $28 million. Many featured sandy beaches, stunning views, gated yards, indoor or outdoor pools, boathouses, docks and more.
“Every piece of Lake Tahoe has magic to it,” said Shari Chase, founder, president and CEO of Chase International Real Estate, “and I think it’s finding the magic that suits you.”
About 400 to 500 people participate in the annual event, which draws brokers and clients from the Bay Area and beyond. Several locals also joined the tour to find their possible dream home or see what lakefront properties are selling for on the current market.
If you’re looking for a vacation home, or at least a home that feels like a vacation, it’s worth looking in to this Lake Tahoe lakefront estate. Located on the north shore of Tahoe’s “Billionaire’s Row,” the house includes some serious amenities like your own private pier and beach. Listed by Chase International for $US11.9 million, it was originally built in 1949 large windows in almost every room to soak in the view. And aside from the three bedrooms, the home includes a library, office, family room, and separate guesthouse.
LARRY ELLISON STRIVES FOR PERFECTION IN EVERYTHING HE DOES.
Whether it’s building one of the world’s largest computer software corporations or sailing his boat in America’s Cup (which he’s won twice) the Oracle CEO accepts nothing but the best. Such is evidenced in the many trophy properties throughout the world that Mr. Ellison has a knack for collecting, from the Astor family mansion he purchased in 2010 in Newport, Rhode Island, to his 98% holding of the Hawaiian island of Lanai. And when he finds something he likes, Mr. Ellison will frequently buy up the land around it to create a sanctuary that’s closer to a five-star resort than a private residence, as he did with his recently listed Lake Tahoe compound.
Constructed by renowned builder Bruce Olson, it was such attention to detail as Austrian white oak flooring and log wrapped steel beams within the 9,242 square foot lodge-style residence, and a location where one can enjoy boating on pristine waters in the summer and world-class skiing in the winter, that drew him to the property. Intended to be Mr. Ellison’s main Lake Tahoe dwelling, the business magnate spent nearly eight years developing the compound, during which time he acquired a total of three parcels for a combined 2.6 acres and 230 feet of impeccable lake frontage. However, when presented with the opportunity to build an estate from the ground up on a nearby lot, the Oracle CEO couldn’t resist and as a result the spectacular residence of one of the world’s wealthiest people is available to anyone who wants to experience life as few people do.