Aaron Smith with Fennell and Associates has new office space for sale & for lease off Plumb & Arlington. 499 West Plumb Ground Floor is for sale at $775,000 – $265.50 psf.

The Office space is for lease at $3,250/ mo including utilities.

The Building has 450 sf leased & 2455 vacant. The office space parking includes 12 or more spots, available immediately, TI’s are possible, office includes 6 treatment rooms, and a great central location!

Neighbors include The Stone House Cafe, Starbucks, Lodo Loft, and a gaggle of popular stores that inhabit Plumb Gate Plaza.

 Click the Link Below for a Flyer!

 Flyer 499 West Plumb Lane

Great Source of information from EDAWN regarding successful businesses in Reno, Nevada

Greater Reno-Tahoe is the right place for your business, but don’t take our word for it.

Hear from business leaders why they chose Greater Reno-Tahoe

The types of business that EDAWN seeks to recruit, grow, and retain are diverse in their products, services, and employment opportunities. Through innovative and creative partnerships between the public and private sectors, we strive to improve the overall quality of life in the Greater Reno-Tahoe area by facilitating economic growth.Here are some cases of companies that both benefit from and contribute to the vibrant and diverse Greater Reno-Tahoe business community.Click the Link Below for the full Story!http://www.edawn.org/business/case-studies

 ”The incentives of doing business in Nevada are expansive. Nevada boasts one of the most liberal tax structures in the nation and from a tax-planning perspective, the return on investment in the form of tax saving dollars can be enormous. Explore the numerous advantages of doing business in Nevada.”  

 - Nevada Energy

Great Link to Nevada Energy’s Site explaining why living and working or owning a business  in Reno is extremely beneficial!

http://www.nvenergy.com/economicdevelopment/taxes.cfm

More commonly practiced in Residential Real Estate than Commercial Real Estate, the notorious “Buyer Broker Agreement” may be worth bringing into everyday play for the Commercial world.

The State Law in Nevada allows an agent to enter into a buyer representation agreement via orally or written. This is the law! That’s all fine and dandy until  1 or more minor or extravagant details are overlooked and that oral/verbal agreement becomes questionable. This game of “he said-she said” can become quite an issue, if not a catalog! Buyer representation disputes can be nasty. Pretty soon, everyone and their brother want a piece of the pie, and if you’re not careful with this, you can end up landing yourself in front of a judge! So… How do we prevent this?? Do as the residential agents do…

The Reno Sparks Association of Realtors recommends that Commercial agents utulize the “buyer Broker Agreement”. This adds additional protection for all parties involved in the deal. As a “Realtor”, which is different than holding the title, “Real Estate Agent”, we are held to a higher code of ethics.

All you Commercial Real Estate Agents out there that happen to be Realtor’s as well, Check out Article 9 in your Realtor Code of Ethics, and decide if it is time for you and your fellow brokers & agents to bring the ”Buyer Broker Agreement” into effect!  

   Aside from the tax advantages we reap as business owners in Nevada, a long train of additional benefits have surfaced recently and deemed the Silver State as one of the most preferable locations to operate a successful business. Cali residents are a bit jealous, I think. Many think it’s only going to get worse for Californians &  frequent border crossing is in Reno’s immediate future.  What does this do for the Commercial Real Estate Industry? Nothing but generate heaps of business. I feel proud to be a Nevadan working in the Commercial Real Estate Industry right now. As a former native of San Diego California, I’m glad I moved up here when I did, 7 years ago. Just in time to miss out on California’s Giant Debt Attack.  Check out the article below!

http://www.rgj.com/article/20090425/BIZ05/904250324/1071/BIZ

An interesting idea for interesting economic times…  The town of Berkshire, Massachusetts decided in the Fall of 2006 to start printing their own form of currency. Berkshire Inc., a local non-profit organization, teamed up with local businesses, banks, and other non-profits to launch Berkshares. This genius idea has created a sense of empowerment for the community & possible economic independence for  local businesses and merchants. Is it an option for Reno?

We could call it “RenoBucks” , where the Buck stops here! Any thoughts?
Check out the links below for more information in the BerkShare!

http://www.berkshares.org/ 

http://www.msnbc.msn.com/id/3032619/#30421140

A good community, as we know, insures itself by trust,
by good faith and good will, by mutual help,
A good community, in other words, is a good local economy.

-Wendell Berry, from “Work of Local Culture”

-dubbed a “great economic experiment” by the New York Times

      Congratulations to Fenell & Associates’ Cathy Shanks for winning “Rookie of the Year” at the 4th Annual Summit Awards this Saturday the 25th in Reno, Nevada. The theme was 1930′s flapper & gangster style (think Bonnie ; Clyde & Dick Tracy). Shanks award criteria was based upon gross commissions and number of deals in 2008. The ”Rookie” status also means Broker of only 12 months! Great Job Cathy! Keep up the hard work!  The Summit Awards, held at the Silver Legacy’s Grand Exposition Hall,  celebrated Developers, Brokers, Property Managers, and all other facets of Commercial Real Estate.

Aaron Smith successfully represented the Tenant, Mujahid Rasul, M.D., in leasing 540 Plumb Lane, Suite A.