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

     There is at least one happy office landlord in South Meadows. The office building at 9450 Double R is now 100% leased.  Ron Boles, CCIM with Fennell and Associates has represented the landlord over the past several years and recently leased the last vacant space of 2,810 square feet to Cyanco Holding Corp., a mining supply compan.
      A couple of years ago the major tenant in the building had decided to not to renew their lease and reduce their overhead by moving to different building with a smaller space and less rent. With the assistance of Ron Boles the landlord was able to keep the tenant for an additional 5 years by reducing the rent and the amount of space the tenant occupied. Given the raising vacancy rates and lowering rental rates in the office market this turned out to be a very smart move for the landlord.