7/23/2008
NAI Alliance Retail Division says second quarter findings show 14,006,006 square feet of total rentable space and 1,175,717 square feet of total vacant space. The overall vacancy rate stands at nearly 10 percent.
7/23/2008
Washoe County Board of Commissioners approved easements and infrastructure from Vidler Water Company, the managing partner of Fish Springs Ranch, LLC.
The agreement finalizes the ability to deliver 8,000 acre feet of water nearly 38 miles to the north valleys.
7/22/2008
A report by Reno/Sparks Association of Realtors says Washoe County saw 996 sales of single-family homes the second quarter of this year, an increase of 41 percent from the first quarter but down 1 percent from the second quarter of 2007.
In Reno 513 homes sold, a 39 percent increase from the previous quarter and a 9 percent decrease from last year¹s second quarter.
In Sparks 306 homes sold, a 45 percent increase from the first quarter and an 11 percent increase from last year¹s second quarter.
7/21/2008
Fulcrum Bioenergy purchased 11 acres in the Tahoe Reno Industrial Center to build a facility to convert municipal solid waste to ethanol. At a cost of $120 million, the project will include four separate buildings. Construction is set to begin later this year.
7/18/2008
The unemployment rate in the Reno-Sparks area rose to 6.4 percent in June compared with 4.4 percent a year earlier and 6.1 percent in May. Total employment was up by 5,100 jobs year-over-year. The jobless rate in Carson City stood at 6.7 percent compared with 4.8 percent a year ago.
7/18/2008
Fulcrum BioEnergy Inc. of Pleasanton, Calif., plans a plant at Tahoe Reno Industrial Center that will convert 90,000 tons of solid waste a year into
10.5 million gallons of ethanol. The plant known as Sierra BioFuels is projected to come on line in early 2010.
7/18/2008
Sierra Office Solutions, a Reno-based supplier of office technology, has been acquired by Global Imaging Systems of Tampa, Fla. Michael Jauron, co-owner and president of Sierra Office Solutions, will continue in that post. Terms of the acquisition weren¹t disclosed.
7/18/2008
Great Basin Financial Corp., the Elko-based parent of Great Basin Bank of Nevada, earned $501,735 in the second quarter compared with $588,710 in the comparable period a year earlier. Total assets on June 30 were up 21 percent from a year ago, although the company more than doubled its provision for possible loan losses.
7/17/2008
Insurance.com says Nevada saw the fifth-fastest increase in auto insurance costs in the nation during the second quarter. The average annual premium quoted in the state ‹ $2,189 ‹ was up 4.1 percent compared with the first-quarter average.
7/17/2008
Mack Associates Inc., the owner of McDonald's Restaurants in the Reno area, will pay a $1 million fine, its former vice president and its director of pleaded guilty to felony charges and its controller pleaded guilty to a misdemeanor charge in a federal case alleging the company knowingly hired illegal alien workers.
7/17/2008
International Game Technology earned $108.3 million, or 35 cents a share, on revenues of $677.4 million in the quarter ended June 30. This compares with earnings of $136.4 million on revenues of $706.5 million a year ago. The stock was down more than 12 percent in early trading today.