Luxury real estate company Engel & Völkers expanding to Reno
RENO, Nev. — International luxury real estate company Engel & Völkers plans to expand into the Reno market.
Engel & Völkers already has offices serving the greater Tahoe-Truckee region; the planned expansion to Reno is occurring due to the city’s “changing business landscape, as well as demographics of home buyers and sellers,” according to a Dec. 12 news release from the company.
Paul Benson, CEO of Engel & Völkers Reno-Tahoe and The Gestalt Group, said in a statement that the move is due to Reno’s reputation recently as becoming a major technology hub, with “seemingly new companies opening every week, bringing in new and sophisticated home buyers.”
Jen McDonald was hired by Engel & Völkers to serve as Reno office branch manager.
“… McDonald will be responsible for leading our expansion into the Reno market, mentoring and training new and experienced sales professionals,” Sandy Soli, Regional Manager with Engel & Völkers Reno-Tahoe,” said in a statement.
McDonald said she is currently working on finalizing the first Reno office location; plans are for a grand opening to occur by early spring 2019.
According to Engel & Völkers, during her real estate career, McDonald was an exclusive developer sales agent for Caughlin Ranch, ArrowCreek and Manzanita West, among other projects.
She has also served as both Director of Business Development and Broker/Branch Manager in her previous firm; Chairman of the Professional Standards Committee; Certified Mediator and Ombudsman for the Reno/Sparks Association of Realtors; and as a Continuing Education Real Estate Instructor for the State of Nevada.
Go to jenmcdonald.evusa.com/en to learn more.
The $625,000 deal included a low-interest SBA 504 loan facilitated by Nevada State Development Corp., the state’s largest SBA 504 loan provider. City National Bank partnered in the financing package.