The Economic Development Authority of Western Nevada (EDAWN) and Governor Brian Sandoval yesterday announced that Clear Capital, a technology leader in real estate valuation and analytics solutions is moving its company headquarters and operations from California 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.
Clear Capital offers a broad range of valuation products and solutions, including appraisals, broker price opinions, property condition inspections, value reconciliations, appraisal review and risk scoring, automated valuation models, and home data indices.
Clear Capital’s business model, equal parts service and technology, sets the company apart from other providers. As the widely recognized leader in quality, service and technology, Clear Capital constantly redefines what is possible and what should be expected from its industry.
“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,” Marshall stated.
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 their 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,” Kazmierski concluded.
Also in attendance at the press conference, held at the new Clear Capital facility were Reno City Vice-Mayor Oscar Delgado, Reno City Manager, Andrew Clinger, Reno Assistant City Manager, Bill Thomas and Reno City Director of Community Relations, Fred Turnier. Business partners included, Dominic Brunetti/Dickson Commercial Group, Par Tolles and Scott Stranzl/Basin Street Properties.
The Economic Development Authority of Western Nevada is a private/ public partnership established in 1983 committed to recruiting, expanding and supporting newly forming quality companies that bring jobs to the region and have a positive impact on the quality of life in Greater Reno-Sparks-Tahoe.
Clear Capital is a nationwide provider of residential and commercial real estate valuations, data and analytics, quality assurance services and technology solutions. The Company’s customers include mortgage lenders, servicers, investors, GSEs, and Ratings Agencies. Clear Capital products include appraisals, broker price opinions, property condition inspections, value reconciliations, appraisal review and risk scoring, automated valuation models, and home data indices. The Company’s innovative technology, experienced valuation experts, and a well-trained network of more than 40,000 field experts set a new standard for accurate, up-to-date, and well documented valuation data and assessments. Morningstar Credit Ratings issued Clear Capital its highest Residential Vendor Ranking, MOR RV1. Clear Capital’s home price data can be accessed on the Bloomberg Professional service by typing CLCA .
