State revokes two licenses
Nevada State Contractors Board has revoked the licenses of two contractors in northern Nevada.
The license of American Design & Construction Company, Inc., of Reno was revoked after the board found the company diverted funds, failed to pay money it owed, violated regulations concerning liens and committed several other violations.
The company also was fined $11,500 and ordered to pay investigative costs.
The license of Willis Electric Inc. of Carson City was revoked after the board found that the company failed to pay money it owed, failed to keep proper insurance in place and failed to establish financial responsibility.
Willis Electric was fined $2,250 and ordered to pay investigative costs.
Industrial brokers: With preleasing at all-time highs, finding adequate space will be a major challenge in 2021 across Northern Nevada
With industrial real estate vacancy dipping under 5% in Greater Reno-Sparks at the end of 2020, leasing space in the new year will be similar to buying a home in Northern Nevada — expect multiple offers from tenants competing for the same space, industrial brokers say.