This week's briefsMay 26, 2016 —
Expansion, housing, grand opening and more
The following northern Nevada contractors were cited by the Nevada State Contractors Board:
Eric Louis Holman, DBA: Building Innovation, a carpentry and repair contractor based in Reno, had his license revoked for contracting on an inactive license, contracting beyond the scope of the license, failure to provide a homeowner information regarding the board’s Residential Recovery Fund, failure to include the license number or monetary limit on a bid or contract, and failure to establish financial responsibility. Licensee also was fined $2,700, ordered to pay restitution, and assessed investigative costs.
Armor Building Corp., a carpentry contractor based in Carson City, was found in violation for failure to obtain a building permit and contracting beyond the scope of the license. Licensee was fined $500, ordered to pay restitution, and assessed investigative costs. If fines and costs are paid within 120 days, the license will be voluntarily surrendered. If the deadline is not met, the license will be revoked.
Northshore Construction and Roofing, Inc., a roofing) and residential and small commercial contractor based in Incline Village, was found in violation for diversion of funds, failure to pay for materials or services, failure to establish financial responsibility, failure to keep in force a bond or cash deposit, failure to include the license number or monetary limit on a bid or contract, failure to provide a homeowner information regarding the Board’s Residential Recovery Fund, constructing or repairing a mobile home without proper licensure, and failure to respond to a written request by the board. Northshore’s licenses were revoked. Licensee was fined $3,450 and assessed investigative costs.
Northern Nevada Medical Center was awarded recertification by The Joint Commission in Spine Surgery and Orthopedics: Hip Replacement.
NNMC is the only local hospital to have earned The Joint Commission’s Gold Seal of Approval in both spine surgery and in hip replacement.
Certification requirements address three core areas including: Compliance with consensus-based national standards; effective use of evidence-based clinical practice guidelines to manage and optimize care; and an organized approach to performance measurement and improvement activities.
New tenant at 777 Center
Eyelash Connection & Mystique Boutique, a personal care service provider, has signed a lease to move into the 777 Center Building in Reno’s Midtown district.
Tenant improvements will begin in June and Eyelash owners plan to be open for the upcoming Midtown Art Walk in late July.
SVN Gold Dust Commercial Associates, the commercial real estate brokerage that handling negotiations with potential tenants interested in 777 Center, indicated only four retail and/or office units remain open, with one of those currently in lease negotiations.
Innotrac renews, expands
Innotrac Corporation, an omnichannel commerce technologies and operations company, renewed their lease of 224,778 square feet of industrial space at 4910 Longley Lane in Reno, and expanded an additional 52,500 square foot at the same location. The space is owned and managed by Bond Commercial Properties.
Michael Hoeck, Dave Simonsen, Michael Nevis, Steve Kucera of Kidder Mathews commercial real estate represented Innotrac in the transaction.
Dickson housing report
Dickson Realty released it March 2016 housing report. Among the findings were:
There were 1,543 available listings at the end of March 2016, which is an all-time record-low. Our market has hovered just above the 1,500 active listing mark since December 2015, which set the previous record number of 1,547. As buyers outpace sellers, the need for new construction will become increasingly necessary.
The six-month trend of sold properties has fluctuated more than the total number of available listings. There were 559 sold properties for March; an astounding 52.7 percent increase from February. The increase in sold properties is one of the largest monthly increases in recent memory.
March recorded an average of 93 days on market, which was a 19 percent decrease compared to February. While the average for days on market routinely fluctuates throughout the year, the market has stayed around the 100 day mark since about mid-2013.
Shuttleworth moves into Reno Aircenter
Shuttleworth, a company that designs and manufactures exhaust systems, has leased a 24,900 square foot industrial building at Reno Aircenter, located at 4945 Aircenter Circle. The landlord of the building is Global Logistic Properties. Michael Hoeck, Dave Simonsen, Michael Nevis, and Steve Kucera of Kidder Mathews represented the tenant and landlord in this transaction.
Yoga Pod at The Summit
Yoga Pod, a health and wellness studio, will open early this Fall at The Summit shopping mall,
John Reynolds and Joanna O’Neal are the franchise owners of the Reno location, which will be located between Starbucks and DeVons Jewelers.
Yoga Pod will offer its 200-hour, Yoga Alliance certified Seva Teacher Training program for aspiring yoga instructors in the Reno area, through Yoga Pod University.
Early signups for memberships will receive a discounted rate at $99 a month. This membership includes unlimited classes each month, discounted retail and priority check-in.
Miles celebrates 30 years
Miles Construction, a diversified general contractor, design build, design assist and construction management firm based outside of Carson City, is celebrating 30 years in business.
The company was founded in 1986 by two brothers to now employing more than 29 employees.
Miles has completed projects such as Bently World Headquarters in 1999 at 285,000-square-feet, the pre-engineered steel building.
It also completed award-winning projects including Schluter Systems Nevada a 95,000-square-foot training and distribution center, a 200,000 square-foot distribution center for Battery Systems at the Tahoe Reno Industrial Center and the extensive structural upgrade and renovation of the historic Farmer’s Bank building in Minden. Remaining true to the company’s roots, Miles completed the Carson City Multi-Athletic Center.
Nevada’s unemployment rates in April varied on a month-over-month basis, but decreased year over-year with the statewide unemployment rate remained at 5.8 percent in April.
The rate in the Reno/Sparks area decreased 1.2 percentage points, to 5.4 percent, and is down 0.1 percentage point over-the-month. The Carson City MSA rate is down 0.1 percentage point relative to last month, and declined 0.8 percentage point over-the-year, with an unemployment rate of 6.7 percent.
In April, 10,842 initial claims for unemployment insurance were filed in Nevada, a slight decline from March, and the fewest seen in a month since 2006.
IGT releases 2015 report
International Game Technology PLC will release of its Notice of 2016 Annual General Meeting and Annual Reports and Accounts for the period from January 1, 2015 to December 31, 2015 on June 20, at 12:00 noon British Summer Time.
The Notice of the 2016 AGM, Annual Reports and Accounts, and instructions to participate at the AGM are available at www.igt.com, along with IGT’s Annual Report on Form 20-F. These materials can be viewed directly online and are also available for download in PDF format.
Avison Young transactions
Meadows Partners purchased 1.76 acres of land at 2757 Beck Street, parcel B1, in Reno. John Pinjuv and Bram Buckley of Avison Young | Western Alliance Commercial represented Meadows in the transaction.
Garrett Group, LLC purchased a 4,451-square-foot medical office building at 900 Ryland Street in Reno. Pinjuv represented Garrett Group in the transaction.
An undisclosed buyer purchased an 11,641-square-foot retail investment property at 1090 Kietzke Lane in Reno. Tad Loren of Avison Young represented the seller, Sterling Living Trust.
Papa G’s leased 3,542 square feet at 1560 S. Stanford Way in Sparks. Tad Loren of Avison Young represented the landlord, Acterra LLC in the transaction.
Eden Home Health leased 6,600 square feet of office space at 907 Mountain Street in Carson City. John Pinjuv, Reed Simmons and Bram Buckley of Avison Young represented the landlord, Leviculus in the transaction.
Greater Nevada Mortgage Services leased 7,900 square feet of office space at 10385 Double R Boulevard. Reed Simmons and Bram Buckley of Avison Young represented the landlord, Lakeside CM, LLC in the transaction.
The State of Nevada-Aging & Disability Services leased 12,622 square feet at 9670 Gateway Drive in Reno. Reed Simmons and Bram Buckley of Avison Young represented the landlord, FNT Corp., in the transaction.
Plante DJ, Inc., leased 1,896 square feet of flex space at 1360 Greg Street in Sparks. Matt Harris, Ron Sheehan and Tim Gunsten of Avison Young represented Planet DJ in the transaction.
Military job site
Work For Warriors-Nevada, launched a new Web site, www.workforwarriorsNV.org.
The Web site provides pages that explain services to job candidates and employers, allows candidates to register for the program and National job board, and also provides a page called Hot Jobs, that matches candidates and employees.
House Advantage, a Nevada LLC leased 2,275 square feet at 225 S. Arlington Avenue in Reno. Zichichi Family Trust is the landlord. Dominic Brunetti and Scott Shanks of Dickson Commercial Group, represented the tenant in the transaction.
The Reno office of Coldwell Banker Commercial Business Properties completed the following transactions:
An undisclosed buyer purchased 11 acres of land on Moya Boulevard in Reno. The seller, Lear Family Trust, was represented by Kyle Eigenman of Coldwell Banker.
Brandt leased 909 square feet of industrial space at 380 Freeport Boulevard in Sparks. The landlord, 380/390 Freeport LLC, was represented by Kimberly Clark of Coldwell Banker.
Pup and Friends LLC leased 1,233 square feet of retail space at 314 Broadway Boulevard in Reno. Pup and Friends was represented in the transaction by Tim Dayner of Coldwell Banker.
Seyferth leased 2,50 square feet of industrial space at 340 Freeport Boulevard in Sparks. The landlord, The Ribeiro Company, was represented by Kyle Eigenman of Coldwell Banker.
The Mizpah Club
The Mizpah Club, an entertainment center featuring live music, a full bar and cafe, conference facilities, and a video arcade locate in the central Nevada town of Tonopah, will had a grand opening the week of June 24-25.
Kimmie Candy honoredMay 19, 2016 —
Kimmie Candy Company, a candy maker with a factory in Reno, was presented with the “E” Award for the company’s significant contribution to increasing America’s overall exports into more than 200 global markets.
Kimmie Candy was one of 123 companies presented with the presidential level export award during a May 16 ceremony in Washington, D.C.
BLM seeks inputMay 19, 2016 —
The Bureau of Land Management (BLM) Ely District is asking the public to provide input on potential issues associated with oil and gas leasing on 41 parcels of public land, totaling 82,121 acres, in White Pine County, Nevada. Leased parcels may later include exploration and development. The BLM is analyzing the parcels to identify potential impacts in an environmental assessment (EA), in accordance with the Oil & Gas Leasing Reform mandated in 2010. The deadline to provide input is Friday, June 3.
Abbi inspiring creativityMay 19, 2016 —
The Abbi Agency, a public relations, creative and digital agency in Reno, has launched a new initiative to inspire the innovation and creativity of its staff.
“The Abbi Percolator” will provide $5,000 grants for staff members to pursue creative projects that are outside the scope of their regular workday responsibilities.
Twice a year, participating employees will pitch their ideas to Abbi Whitaker, the founder and president of the firm, and her husband, Ty Whitaker, the chief executive officer of the firm. Ideas are expected to range from development of new business units to creation of community outreach projects.
All employees of The Abbi Agency who aren’t directly involved in pitching an idea will be eligible to vote for the winner of each $5,000 grant. The first round of The Abbi Percolator is scheduled to begin in July.
Terrain leases space downtownMay 19, 2016 —
Terrain Pharmaceuticals, a drug manufacturer, has leased 1,416 square feet of office space at 50 W. Liberty Street in Reno.
Seacoast offers dividendMay 19, 2016 —
Seacost Commerce Banc Holdings, parent company of Seacoast Commerce Bank headquartered in San Diego with a producton office in Reno, has declared a quarterly cash dividend of $0.05 per common share. It is payable to June 10 to shareholders of record on the end of business day June 2.
Lake Shore completes redemption of debenturesMay 19, 2016 —
Tahoe Resources Inc.’s subsidiary Lake Shore Gold Corp. has completed the redemption of its 6.25% senior unsecured convertible debentures due September 30, 2017. Lake Shore Gold elected to satisfy the redemption price for each debenture by issuing Tahoe common shares. All outstanding Debentures have either been redeemed by Lake Shore Gold or voluntarily converted into Tahoe Shares by holders of the debentures.
Business grows in CarsonMay 19, 2016 —
Nevada Business Connections announced Wednesday that one new business has plans to move into the Carson area and several others are expanding.
Past Time Signs is coming to the area.
Expanding businesses include: Top Notch Distributers, Ametherm, Nature’s Bakery, CGI, Ganesha Enterprises, Durabond Bearing Co., and Triangle Labs.
ImmunizeNevada honoreesMay 19, 2016 —
Immunize Nevada recently recognized healthcare providers that have protected Nevadans from vaccine-preventable diseases as a part of its Healthy People 2020 awards.
The healthcare providers honored were: Aspen Pediatrics Community Health Alliance - Neil Road, Community Health Alliance - Sun Valley, Family Medicine Associates, Gurjeet Wadia, MD, Medical Profession, LLC, Newe Medical Clinic, Northern Nevada Pediatrics, Pediatric Associates, Pinecone Pediatrics, Reno Center for Child and Adolescent Health, Renown Medical Group-Pediatrics, Sally Weare Edney, Children’s Health Center, Sierra Pediatrics, Saint Mary’s Medical Group - Bell, Summit Pediatrics - Mae Anne, Summit Pediatrics, Dr. Dinwiddie, University Health System Pediatric.
Sleep and lung experts join RenownMay 13, 2016 —
The team of pulmonary and sleep experts from Pulmonary Medicine Associates have joined Renown Health.
The experts will form two new medical groups: Renown Medical Group - Pulmonary Medicine and Renown Medical Group - Sleep Medicine.
The pulmonary medicine clinic will be located at 236 W. 6th Street in Reno.
The sleep medicine clinic will be located at 990 Caughlin Crossing in Reno.
Physicians who joined Renown are: John Andrews, M.D., Stephen Baez, M.D., David de los Santos, M.D., Bruce Denney, M.D., Jeremy Gonda, M.D., Michael Jackson, M.D., Robert Richeson III, M.D., Leslie Smith, M.D., Christina Szot, M.D., Michelle Morrison, APRN, Deborah Baker, APRN, Carrie Yamamoto, APRN, Jennifer Bickford, APRN, and Jennifer Brown, APRN.
For details, call 775-982-5000 or go online at Renown.org/specialties.
Reel Construction featuredMay 13, 2016 —
Matt Caviglia, owner of Reel Construction, Inc., has been selected by REMODELING magazine to join the REMODELING Big50.
The Big50 awards will be presented at a gala dinner at the Remodelers Summit and Awards Gala on Oct 25-27 in Kansas City, Mo. The 2016 Big50 winners are featured in the May issue of REMODELING, a national trade publication read by more than 130,000 professional remodeling contractors, with longer profiles of the winners posted on the REMODELING website, remodelingmag.com.
Holland & Hart release podcastMay 13, 2016 —
“The Brief,” a series of free podcasts offering legal commentary helpful to business owners and managers as well as consumers, has been launched by Holland & Hart.
The series will include 16 episodes as well as 10 bonus episodes that focus on marketing strategy. The first episodes includes a discussion on employment law featuring Dora Lane and Fritz Battcher, Holland & Hart partners in the firm’s Reno office. Subjects of the podcast include entrepreneurship, emerging companies, health care, employment, and more. Holland & Hart is one of the largest law firms in the nation and delivers integrated legal solutions to regional, national and international clients.
Episodes are available for free to download at: http://apple.co/1PFMwQ8.
Barnes represents MEHMay 13, 2016 —
MEH Family Trust purchased a 6,000-square-foot light industrial building at 150 E. Grove Street in Reno. Scott T. Barnes, broker/owner of HG Commercial Real Estate Services, LLC represented MEH in the transaction.
ArchCrest transactionsMay 13, 2016 —
An undisclosed tenant leased 4,569 square feet of industrial space at 10 Greg Street in Sparks. Christopher Capurro of ArchCrest Commercial Partners represented the landlord, 10 Greg Street Investors, LLC, in the transaction.
An undisclosed buyer purchased 2,986 square feet of office space at 4854 Sparks Boulevard. The seller, TAG Vineyards, LLC, was represented by Mike Van Blaricom and Kevin Annis of ArchCrest.
Coldwell Banker transactionsMay 10, 2016 —
Coldwell Banker Commercial Business Properties released the following transactions:
An undisclosed tenant leased 1,520 square feet of retail space at 2303 S. Virginia Street. The landlord, Orchard Plaza, LLC, was represented by Tim Dayner of CBC.
Western States Intermodal leased 385 square feet of industrial space at 385 Freeport Boulevard in Sparks. The landlord, F & M Real Estate, LLC, was represented by Kimberly Clark of CBC.
Avalon Massage leased 650 square feet of retail space at 120 Thoma Street. The landlord, Goff Living Trust, was represented by Kimberly Clark of CBC.
Reno Tattoo Company leased 3,900 square feet of retail space at 818 S. Virginia Street. The landlord, Celadon Select Investments, LLC, was represented by Kent Whelan of CBC.
An undisclosed buyer purchased 3,056 square feet of industrial flex space at 5475 Reno Corporate Drive. The seller, Jetco Rentals, LLC, was represented by Kent Whelan and Michael J. McCabe of CBC.
Insurance partnershipMay 10, 2016 —
Builders Alliance, Clark partnership
The Nevada Builders Alliance has partnered with Clark & Associates and Solutions at Work to provide a full suite of cost-effective employee benefits and human-resources services to members of the Builders Alliance.
The employee-benefits package provided by Clark includes five health insurance options (including a Health Savings Account), dental and vision coverage, a 401(k) program and the supporting paperwork that employers require.
Solutions at Work, meanwhile, will provide payroll services, management of unemployment insurance claims, preparation of employee handbooks and job descriptions, compliance review and support for disciplinary actions.
Miles begins hotel renovation projectMay 10, 2016 —
Miles Construction, a general contractor based outside of Carson City, has begun renovation of the former Siena Hotel Casino located at 1 South Lake St. in Reno, into the non-gaming Renaissance Hotel.
Miles is remodeling the hotel’s 214 rooms, 15,500 square feet of convention space, lobby and public spaces. The renovation also includes the conversion of the former 17,000 square foot casino area into a restaurant and event center that featuring seven indoor bocce courts and a 9,000 square foot outdoor garden with two additional bocce courts, a dining area and private event area.
Expected completion for the Marriott Renaissance renovation is late 2016.
Wells Fargo introduces loan programMay 10, 2016 —
Wells Fargo has launch of FastFlexSM Small Business Loan, an online, fast-decision loan that is funded as soon as the next business day and offers a competitive interest rate to small businesses with short-term credit needs. An innovation built in-house by Wells Fargo, the new loan product will be available in late May to existing customers, and joins the Wells Fargo family of small business products and comprehensive support offered through Wells Fargo Works for Small Business.
FastFlexSM Small Business Loan builds on Wells Fargo’s focus on small businesses, a market in which the company has set a five-year $100 billion lending goal. Since setting the goal in 2014, Wells Fargo has provided $40.7 billion in new loans to small businesses (Jan. 2014 – March 2016).
Gostin starts public relations firmMay 10, 2016 —
Ira M. Gostin, a veteran marketing professional in northern Nevada has launch of 120 West Strategic Communications LLC.
120 West will provide investor relations, marketing and communications strategies to both private and publicly held companies.
Gostin previously was vice president investor relations and corporate communications with Tahoe Resources. 120 West is a member of EDAWN, NCET, the Public Relations Society of America and the National Investor Relations Institute.
AAA gas prices reportMay 10, 2016 —
Gasoline supplies remain well above levels commonplace for this time of year, which should keep prices relatively steady as more drivers take to the roads. Today’s gas prices registering on the AAA gas survey show the state pump price of unleaded regular is $2.48 per gallon, which is $0.04 higher than a month ago.
Today’s gas prices registered by AAA Fuel Gauge Report, shows Nevada pump prices are up $0.01 from a week ago. State gas prices are still cheaper than a year ago when the average price was $3.22 per gallon of unleaded regular.
Reno is registering the state’s highest pump price, with drivers paying an average price of $2.72 per gallon for unleaded regular gas. Carson City and N. Las Vegas are registering Nevada’s lowest price, at $2.40 a gallon.
Spiritual care comes to RenoMay 10, 2016 —
The Nevada Clergy Association, a nonprofit interfaith network of religious and spiritual leaders, has partnered with Renown Health to bring a more comprehensive spiritual care program to northern Nevada.
The current Chapel at Renown Regional Medical Center opened 50 years ago and has received basic updates, but a renovation and expansion is needed to better suit the needs of our diverse, growing community.
Construction is already underway and the Center is expected to open this summer.
Codale acquires Grove MadsenMay 9, 2016 —
Codale Electric Supply, a subsidiary of Sonepar USA and headquartered in Salt Lake City, has acquired Grove Madsen Industries, which has an office in Reno.
Grove Madsen will now operate under “Grove Madsen Industries, a Division of Codale.” Grove Madsen provides electrical, automation and training solutions.
SNC roadway contractMay 9, 2016 —
The Sparks City Council approved an agreement with Sierra Nevada Construction in the amount of $394,000 to provide preventive maintenance through a slurry seal program.
The program will treat more than 2 million square feet of Sparks’ roadways to improve the lifespan of the pavement.
Ace Award nominationsMay 9, 2016 —
Nominations are under way for the Ace Awards, an annual event hosted by the Reno-Tahoe Chapter of the American Marketing Association (AMA).
For complete information about the nomination and submission process, the awards categories, the event timeline, and the judging process, visit http://renoama.com/ace-awards/.
Artown Web siteMay 9, 2016 —
Artown unveiled a new Web site at www.renoisartown.com, which presents more than 500 events, workshops and ongoing exhibits.
After July, Artown events will be featured on the website for a year-round calendar of events.
Artown partnered with Stan Can Design and JM Studios to create the new site.
North Lake Tahoe community awardsMay 9, 2016 —
North Lake Tahoe honored local leaders and businesses during the 62nd Annual Community Awards Dinner, April 20 at the Resort at Squaw Creek. Numerous awards were bestowed to community members who have excelled in multiple areas throughout 2015.
Those honored were:
2015 Best Place to Work: Auerbach Engineering.
Citizen of the Year: Patti Boxeth.
Public Servant of the Year: Mike Brown.
Best New! Business: Moe’s Original BBQ.
Non-Profit Organization: Tahoe Nordic Search & Rescue.
Business of the Year: Bridgetender.
Regional Marketing Award: Resort at Squaw Creek.
Hospitality Award: Trunk Show.
Distinguished Community Service Award: Kay Williams.
Ambassador of the Year: Ambera Dodson.
Stan Can earns ADDYMay 9, 2016 —
Stan Can Design™ has been awarded a District 14 Gold ADDY Award in “Visual Art Direction” for EMPLOYERS® Insurance Small Business Photography.
All district-level Gold ADDYs are immediately entered into judging for the National American Advertising Awards presented on June 7.
Hurricane buys office buildingMay 9, 2016 —
Hurricane Holdings Group, LLC purchased a 6,967-square-foot office building at 3701 Baker Lane in Reno. Fred Jayet and Kevin Sigstad of RE/MAX Premier Properties represented the Hurricane in the transaction. The seller, Ahlstrom-Stoker was represented by Matt Grimes with CBRE, Inc. Capital Title handled the title and escrow work.
World Holdings leases spaceMay 9, 2016 —
World Holdings, Inc., leased 870 square feet at 9553 Gateway Drive in Reno. Lindy Deller of Dickson Commercial Group represented the landlord, FRM, LLC, in the transaction.
RE/MAX office rankedMay 9, 2016 —
RE/MAX Realty Affiliates, a northern Nevada real estate firm, ranks among the 50 most productive brokerages in the United States, based on home sales data in compiled in the 2016 REAL Trends 500 survey.
RRA placed 47 with an average 20.2 transaction sides per agent.
REAL Trends 500 ranks the largest U.S. brokerages in the country by total residential transaction sides with a minimum of 500 sides needed to qualify for participation. RRA, with offices in Reno, Gardnerville and Carson City, placed 395 in units and 355 in volume on the report.