Posted by Heidi Schwartz
The Economic Development Authority of Western Nevada (EDAWN) and Gov. Brian Sandoval announced that Clear Capital, a technology leader in real estate valuation and analytics solutions is moving its company headquarters and operations from Truckee, CA to a new site that is currently under construction in downtown Reno. Clear Capital is expected to add up to 400 jobs to Northern Nevada.
The company was founded by Duane Andrews and Kevin Marshall, who started their first venture, REONetwork.com in 2000. This led to the formation of Clear Capital in 2001.
“Moving our headquarters to Reno makes a lot of sense for our business for many of reasons,” says Kevin Marshall, president of Clear Capital. “The ever-growing tech sector, the great pool of candidates in the region, the caliber of curriculum at the University of Nevada Reno and the Reno-Tahoe International Airport all help us thrive as a nationally focused provider of services and technology. By opening a Reno office, Clear Capital will continue to grow in a healthy manner, competing for world-class talent and providing stability and convenience for our staff.”
The new facility is located in the Park Center Tower across from the Aces Ballpark and is estimated to cost $1.7 million for building and equipment. This acquisition involved commercial real estate broker, Dickson Commercial Group and property owner, Basin Street Properties.
“It is exciting to see a technology company like Clear Capital invest in Reno downtown with its headquarters and 400 employees,” said Mike Kazmierski, CEO of EDAWN. “This relocation is just the start, as there are other companies that will join Clear Capital and participate in the revitalization of our downtown.”