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Recent Stories in Real Estate

Reno-Sparks, Carson Valley see spike in luxury real estate sales

April 10, 2018 — RENO, Nev. — The sale of million-dollar homes in Reno drove the real estate market the first quarter of 2018, with a 247 percent jump in homes sold throughout the Reno-Sparks area. The median price of a home in the area rose 17 percent to $368,700.

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91-room Studio 6 Hotel opens at TRI-Center east of Reno

March 30, 2018 — STOREY COUNTY, Nev. — CCM Hospitality, a Las Vegas-based developer and manager of hospitality venues, announced on Thursday the opening of a new Studio 6 Hotel and Recharge Bar & Grill in the Tahoe-Reno Industrial Center. Thursday's opening marks the first extended stay hotel constructed

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University of Nevada seeks $20 million bid to sell Reno farm land

March 28, 2018 — RENO, Nev. — The University of Nevada, Reno is putting 104 acres of its Mainstation Farm at the eastern edge of Reno/Sparks up for sale along with a nearby 40-acre parcel. UNR President Marc Johnson said the assets are being sold to generate money that

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Smart Money: Fiduciary vs. suitability standard for financial advice

March 26, 2018 — RENO, Nev. — Fiduciary and suitability may sound similar, but they couldn't be more different when looking at what they mean in the financial services industry. Up until recently, these two words weren't in most individual's everyday vocabulary. The increase in popularity is a result of

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Smart Money: Highlights – and potential savings – under the new tax law

March 26, 2018 — The Tax Cuts and Jobs Act (TCJA) represents the most sweeping reform to the U.S. tax code in over 30 years. Signed into law by President Trump on Dec. 22, 2017, with $1.5 trillion in cuts, it is one of the largest tax cuts in

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Smart Money: The five C’s of lending – and know before you go

March 24, 2018 — RENO, Nev. — "Build a better mousetrap, and the world will beat a path to your door." This famous quote is attributed to Ralph Waldo Emerson in the late 19th century. Demonstrating proof of concept is the surest way I know to secure sufficient capital from

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Smart Money: Investing in energy with a comprehensive financial strategy

March 24, 2018 — RENO, Nev. — The decision to invest in Oil and Gas (O&G) is both a tactical and personal one. Whether it is diversifying one's portfolio, providing income, hedging against inflation, or owning a piece of Americana that was and is so instrumental in making this

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Developer planning ‘another village’ at Lake Tahoe’s South Shore

March 24, 2018 — SOUTH LAKE TAHOE, Calif. — A mix of commercial and residential development above and behind The Chateau at the Village is scheduled to begin this summer at the Nevada/California state line at Lake Tahoe's South Shore. In April 2017, Marin County developer Kawana Meadows Development

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Smart Money: Top 10 things business owners should know before they sell

March 23, 2018 — RENO, Nev. — This year marks my 25th year as a business broker and M&A Intermediary. I have been fortunate enough to have an inside look at hundreds of different businesses during the best of times and the worst of times. Some transactions come together

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Smart Money: Fraud is everywhere – and can it cost your company millions

March 23, 2018 — RENO, Nev. — Discussions involving fraud are becoming more prevalent, but what does "fraud" really mean? "Fraud" is a term that is frequently used, and sometimes even abused, by many who talk or write about it. As defined by Black's Law Dictionary, "fraud" is a knowing

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Smart Money: Pros and cons of funding mechanisms for startups

March 22, 2018 — RENO, Nev. — Every week it seems like we hear about a new startup company in Reno — usually tech-oriented, but not always. Often, the founder has a great idea for a product or service and lots of energy and enthusiasm. Seldom, however, does the

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Check it out: Northern Nevada Smart Money magazine

March 19, 2018 — RENO, Nev. — In case you missed it, the Northern Nevada Business Weekly today published its inaugural Northern Nevada Smart Money magazine. The 32-page magazine was inserted in this week's March 19, 2018, print edition. "The business environment for finance and investment in the region is

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Tahoe-area 760-unit luxury housing development suffers legal setback

March 17, 2018 — TRUCKEE, Calif. — A proposed 760-unit housing development between Truckee and Lake Tahoe's North Shore suffered a setback after a judge took issue with emergency evacuation procedures for wildfires. Placer County Superior Court Judge Michael W. Jones ruled earlier this month, in a lawsuit filed

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Breaking down the top 10 wealthiest zip codes in Northern Nevada

March 17, 2018 — RENO, Nev. — Highlighted by a thriving mining industry and its proximity to high-taxing California — not to mention being home to the east half of Lake Tahoe — Northern Nevada has plenty of wealth spread throughout the region. The Northern Nevada Business Weekly took

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Ormsby House likely to be retail/housing, Carson City supervisors told

March 17, 2018 — CARSON CITY, Nev. — The building permit for the Ormsby House is expiring after the owners of the downtown property withdrew their request for another extension. "I just wanted to thank all of you for working with me over the last year or so. We

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Carson golf course sale axed; prospective buyers, city at odds

March 16, 2018 — CARSON CITY, Nev. — The sale of Empire Ranch Golf Course is off. One of the prospective buyers said they changed their minds after discussions with Carson City officials. “We decided to re-evaluate our plan after city officials threatened to litigate the water contract connected to

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With $21.84 million spent, Carson lodging numbers see record increase in 2017

March 14, 2018 — CARSON CITY, Nev. — Lodging properties in Carson City saw a nearly 27 percent increase in revenue in 2017 — the highest in the city's history — according to numbers released Monday by the Carson City Culture and Tourism Authority. "It's very good. It's fantastic,"

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Lake Tahoe home sells for $13 million on East Shore in Nevada

March 13, 2018 — GLENBROOK, Nev. — A lakefront property in the small luxury community of Glenbrook, on Tahoe’s west shore, recently sold for $13 million. The 2.51-acre property on Yellow Jacket Lane includes a cove, pier, boatlift and beach. The main home and guesthouse total 4,692-square-feet of living

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Why real estate is a good alternative to investing in stocks (voices)

March 13, 2018 — The stock market has always attracted those who want to make large profits, but many prudent investors are wary of its instability — the recent 1,300-point drop of the Dow Jones Industrial Average for the week of Feb. 5 is a classic case in point.

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Reno-Sparks home sales up 11 percent in February

March 9, 2018 — RENO, Nev. — The Reno/Sparks Association of Realtors recently released its February 2018 report on existing home sales in Washoe County, including median sales price and number of home sales in the region. During February 2018, the report showed Washoe County had 429 sales of

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