The Economic Development Authority of Western Nevada (EDAWN) and Nevada Gov. Brian Sandoval announced Jan. 6 that Clear Capital, a provider of 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.
Clear Capital 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.
“Moving our headquarters to Reno makes a lot of sense for our business for many reasons,” Clear Capital President Kevin Marshall said. “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.
“We are helping drive a more healthy mortgage industry across the U.S., and are making the real estate data, valuations and analytics industry better every day because of our commitment to nice, hardworking people and industry-changing 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 in Reno’s Park Center Tower, and is estimated to cost $1.7 million for the building and equipment.
“It is exciting to see a technology company like Clear Capital invest in Reno downtown with their headquarters and 400 employees,” EDAWN CEO Mike Kazmierski said. “This relocation is just the start, as there are other companies that will join Clear Capital and participate in the revitalization of our downtown.”