Reno Real Estate Logic

For those that remember the Thunderbird Lodge as the great Whittell Castle, the Preservation Society needs your help. Located on the sublime and pristine east shore of Lake Tahoe, this fabulous estate was purchased and opened to the public for tours and meetings in 2002. I can remember having a personal tour of the estate by Mr. Dryfus [...]

On April 2, at 6:00 pm you can jet over to the City Council Center located at 1E. First Street and be part of the planning session for the ArrowCreek Town Center. This is a 15.25 acre parcel that is on the ArrowCreek Parkway and Wedge Parkway. The developer is seeking a Special Use Permit [...]

This is a must be at meeting for those of you that are looking for investment opportunities aside from stocks or real estate. I believe in the entrepreneurs of tomorrow are here in Reno today. The group is a launch pad for those talented people who are seeking financial backing. Check it out.
Second Angels meeting [...]

Just a quick note that James Cayne, the Chairman of Bear Sterns, dumped his 5.66 million shares on March 25th, for $10.84 in BS.  At one time the stock was valued at a  whopping $171.50 per share, making his bail out a painful loss of $160.66 per share. So now he goes from Billionaire to Millionaire and the rest [...]

It’s a fact.  Home sales have increased slightly and if we follow the annual trend in Reno, the next two quarters will continue to show an upswing in sales. The RGJ reported this morning that Washoe County increased 1.4% from January to February. Slight but encouraging. Here’s the facts around Washoe County.
The January home sales [...]

There is a former U.S. Forest Service guy by the name of Rick Durrenberg who wants to build a world class ice arena in Reno. Rick moved to Reno just a year ago but has jumped into  seriously building a year round ice arena and now he’s in front of the Reno-Sparks Convention & Visitors Authority with his plans, [...]

Yesterday I was discussing the Bear Stearns rescue or demolition to put it more accurately, with a client of mine and he pointed out something that was thought provoking. He said, “it’s interesting to me to see how real estate is taking all the  hits from the media for it’s crash but when you check out [...]

The battle is official. Reno Planning Commission has officially approved last night the huge new project by Sam Jaksick and Randy Venturacci. This is going to be a giant project, a town they are calling it now covering over 29,000 acres. Although it’s miles and miles away from the city of Reno, we have annexed [...]

Thinking about investing in Reno but you have your home, your rentals and commercial property already? Well there’s a lot of opportunities for investing locally in companies that are starting up, but how do you find out about them? By Angels, of course. Investment Angels know as the ACA. I just heard about this organization from a [...]

  
Press Release
 Release Date: March 18, 2008

For immediate release
The Federal Open Market Committee decided today to lower its target for the federal funds rate 75 basis points to 2-1/4 percent.
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