New Businesses come to Downtown Reno, Continuing Diversification

New Businesses come to Downtown Reno, Continuing Diversification

 Innovative companies MyVR and Ground Up Construct open downtown offices.

 Reno, NV (date July 30, 2018) – Basin Street Properties, a prominent Reno office building owner continues to see business diversify in Downtown Reno. In 2018, six new companies have come to Basin Street’s downtown buildings, taking 16,709 square feet of available space. The companies span different industries including vacation rental management software, construction trade technology and training, executive search and commercial and residential real estate.

“We continue to see our tenant base transform in downtown Reno,” said Scott Stranzl, Vice President of Leasing at Basin Street Properties. “While the traditional law, accounting and insurance firms continue to grow and thrive downtown, we’re also seeing the emergence of new technology and services companies like MyVR and Ground Up Construct.  High caliber jobs in varied and emerging verticals are a great recipe for the continued, steady growth of our local economy.”

MyVR is a cloud-based, multi-channel management platform for vacation rental businesses. As the alternative accommodations market has grown rapidly, so has MyVR. MyVR recently opened offices at 200 South Virginia.  “Our growth trajectory has allowed us to make the strategic decision to officially establish a second site apart from our San Francisco headquarters, with the goal of developing sales, customer support and customer success Centers of Excellence (COEs) in Reno as we scale,” said CJ Avilla, Senior Software Engineer at MyVR.

MyVR provides short-term property managers the ability to simplify and centralize the management of their multiple marketing channels (e.g. Airbnb, HomeAway, Booking.com, etc.) from a single dashboard, while also providing these businesses with their own online presence to grow their direct sales channel and automate daily tasks. MyVR’ s open platform also connects seamlessly to other best of breed applications and services – and that has resonated with customers and contributed to the company’s growth. Their app marketplace and open APIs make the power of an open platform accessible to property managers of all sizes and skills.

In late 2017, MyVR raised its first institutional funding round led by True Ventures, with participation from existing angel investors. This enabled MyVR to accelerate the build-out of their open platform and accelerate their pace of hiring.

“As a part of our continued growth, it’s our goal to grow the MyVR team in Reno,” said Avilla. “We’re actively recruiting customer support and success representatives, account executives, and sales development representatives for the Reno office.”

Ground Up Construct is a Workforce Accelerator. Their mission is to inspire, educate and offer job opportunities to trade professionals, through a web platform that facilitates the connection between potential employees and trusted companies from the construction industry

“Ground Up Construct is a tech company and we felt that being downtown gave us the right feel for the people we are looking to hire,” said Josh Munns, Partner at Ground Up Construct. “Plus, our space at 50 West Liberty is a great fit and was ready for us to begin working right away. As a tech start up we really wanted a clean and friendly environment to work in, as part of attracting top talent.”

“We just did a presentation at 1 Million Cups in Reno and had amazing feedback,” said Munns. “Our web platform will be launched in August and we also recently filmed promotional videos highlighting careers in construction for our social media campaigns. Things are moving quickly, and we’re excited about the direction and progress.”

Ground Up Construct will make additional hires in August once the platform launches. They will be hiring a sales team, inside support team and Master Trainers for construction education. Check out https://www.groundupconstruct.com/ for additional information.

Basin Street Properties owns and manages 723,646 square feet of Class A office in Reno and lead the redevelopment of the Kings Inn into 3rd Street Flats and the construction of the Courtyard by Marriott Downtown Reno.  Dominic Brunetti, Scott Shanks and Lindy Deller of Dickson Commercial Group represented Basin Street Properties.

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About Ground Up Construct
Ground Up Construct was created to bring attention and change to the construction industry. Partner and founder Josh Munns, as a subcontractor in the industry, has watched our craft workforce shrink as the narrative did not support the true success available in the trades. Along with an aging skilled trades workforce, our pipeline has deteriorated to a point that is causing strain on schedules and a rise on building costs. Ground Up Construct is focused on inspiring a new Skilled Trades Workforce and raise awareness to the careers that exist in this amazing trade. For additional information visit https://www.groundupconstruct.com/

About MyVR
MyVR is on a mission to build the most robust and easy-to-use software available to vacation rental owners and property managers. More than that, our goal is to build a powerful open platform for the alternative accommodations industry. Our platform approach opens the platform to outside developers and service providers who can build on top of the marketing and business operations functionality we provide. This helps ensure our customers will always have access to best in class products and services, connected to the software they use to run their business. This is a huge win for owners and property managers — they’re no longer stuck with archaic, legacy solutions with proprietary, vertically integrated systems that box people in, hold their data hostage, and limit the choice of features and functionality.  As our developer community continues to grow, customers will increasingly have access to great technology solutions and services without ever needing to change software companies.  For additional information, visit https://myvr.com/ .

 

About Basin Street Properties: Basin Street Properties, headquartered in Reno, is one of northern California’s and northern Nevada’s prominent developers, investors and managers of commercial properties. Basin Street has become widely recognized for its office, retail, multi-family and mixed-use developments. Founded over 40 years ago, the company offers a broad range of real estate services, including development, property management, construction management, financial and asset management, and property acquisition and disposition.  For more information, visit basin-street.com or contact Mike Williams, 775-954-2821, mwilliams@basin-street.com.

White Rock Corporate Campus Hits 90 Percent Occupancy

Six months after Basin Street Properties bought it, White Rock Corporate Campus in Rancho Cordova has hit the 90 percent mark for occupancy.

Turning Point Community Programs has signed a seven-year lease to occupy about 18,000 square feet at 10850 Gold Center Drive, as of Aug. 1.

Scott Stranzl, vice president with Petaluma-based Basin Street, said the lease leaves White Rock with about 55,000 square feet still available. He said two other deals for the five-building, 518,000-square-foot property are signed but can’t be announced yet. “The environment in which people work is incredibly important to productivity,” Stranzl said, offering his explanation of Basin Street’s success in leasing. “I think there’s been a lot of looky-loos for some time, and now they’re getting comfortable with a stable spot.”

Since buying White Rock in January for $58 million and renaming it from Prospect GreenBasin Street Properties has worked on the amenity package for tenants. The property will soon have a bike share program, an overhauled café and a new volleyball court. A volleyball league for tenants is also in the works, Stranzl said.  “We’re creating a better tenant experience for everyone,” he said.

For Turning Point, those amenities made a difference, as did the ability to expand its footprint, said CEO Al Rowlett. Turning Point, which provides behavioral health services for eight Northern California counties, has been in its current location on Viking Drive in Sacramento County’s Rosemont neighborhood for 30 years. “We’ve been blessed with wonderful growth, and we exceed capacity several times a years, and I daresay, several times a month now,” Rowlett said. The new lease at White Rock is about 6,000 square feet larger than Turning Point’s current home. By moving, Turning Point will also get to use the campus’s on-site conference room, an amenity not often available to nonprofits, Rowlett said.

By Ben van der Meer  – Staff Writer, Sacramento Business Journal

BASIN STREET PROPERTIES PARTNERS WITH PAR TOLLES TO LAUNCH NEW COMPANY

Reno, NV August 8, 2016 – Basin Street Properties, a prominent northern Nevada and northern California real estate investment, development and management firm and Par Tolles are pleased to announce the formation of Tolles Development Company.  Par Tolles will head up the new company concentrating, in part, on expanding Basin Street’s presence in Sacramento and Reno.   Par will continue serving in his role at Basin Street as Interim President to ensure a smooth transition to future leadership, after which he will continue in an advisory role for the company.   “We believe the formation of Tolles Development Company will provide additional investment opportunities to Basin Street investors and benefit the Reno and Sacramento markets by addressing underserved development needs in the market,” said Matt White, CEO of Basin Street Properties.

Tolles years of experience at Trammell Crow, Dermody Partners and Basin Street provide a platform to fulfill development needs  in the public and private sector.  “I could not be more passionate about the people at Basin Street and our projects that are literally changing the environment in the markets where we are active,” said Tolles.  “This new venture allows me to continue to develop opportunities for Basin Street while meeting my own career goals.”

About Basin Street Properties:
Basin Street Properties, headquartered in Reno, is one of northern California’s and northern Nevada’s prominent developers, investors and managers of commercial properties. Basin Street has become widely recognized for its office, retail, hospitality, multi-family and mixed-use developments.  Founded in 1974, the company offers a broad range of real estate services, including development, property management, construction management, financial and asset management, and property acquisition and disposition. Basin Street Properties excels in creating environments where companies can thrive.  For more information, visit basin-street.com or contact Mike Williams, VP of Marketing, 775-954-2821, mwilliams@basin-street.com.

About Tolles Development Company:
Tolles Development leverages over 20 years of commercial development, finance and real estate experience throughout northern Nevada and northern California.  The firm focuses on evaluation, development and financing of office, retail, hospitality, multi-family and mixed-use projects.  The company leverages their extensive market knowledge and public and private sector relationships to offer a broad range of real estate services, including development, financial, and property acquisition and disposition.  For more information, contact Par Tolles 775-771-6909, ptolles@basin-street.com.

We’re Hiring Our Property Manager at 3rd Street Flats!

1B1069 3rd Street Flats Final Web_low

The 3rd Street Flats project is quickly progressing and with a late summer opening date, we are actively seeking a residential manager to join our team and manage the property. We hope to hire someone local to the community, which is why we’re taking this approach.

If you know of a talented and experienced property manager with his or her real estate license, we’d love to talk to them.

You can view the complete job description here.

For more information about the project please check out 3rdStreetFlatsReno.com.

Please contact our HR Director DVillarreal@basin-street.com with questions and inquiries.

Thank you.

NCJFCJ Expands Into New Downtown Reno Offices

300ESecond_9_small2

Reno, NV – Basin Street Properties, a prominent Northern Nevada real estate investor and developer, has signed a lease with the National Council of Juvenile and Family Court Judges (NCJFCJ) for 14,699 square feet in its 300 East Second Street building in downtown Reno, Nevada. The NCJFCJ focuses on improving the effectiveness of our nation’s juvenile and family courts. A 2,000 member organization, the NCJFCJ provides continuing education, research, and policy development in the field of juvenile and family justice. The NCJFCJ is unique in providing practice-based resources to courts and communities nationwide. The upcoming move will bring 300 East Second Street to over 90% occupied and contributes to Class A office space vacancy dropping to 10.62% in downtown Reno.

NCJFCJ Logo clrl“We’re really honored to have the NCJFCJ as a tenant,” said Par Tolles, President of Basin Street Properties. “They do such meaningful work and it’s a source of pride to see a Reno-based entity having a positive national impact on juvenile and family issues.” For years, the NCJFCJ has had two separate offices in Reno, one on campus and the other downtown. When asked about the move, the NCJFCJ’s CEO Mari Kay Bickett said, “Combining our two offices into one leads to more productivity, less commuting time back and forth and a true collaboration of all staff in one location.” The NCJFCJ will continue to be an affiliate of the University of Nevada, Reno and will continue to provide the nation’s only advanced degree program for judicial studies.

Since 1969, the NCJFCJ has had a longstanding and valuable relationship with the University of Nevada, Reno. “More judicial officers are educated in Reno than any other place in the world,” said Bickett. Every year, the NCJFCJ convenes more than 300 judicial officers in Reno through various educational programs. The NCJFCJ recently convened the inaugural National Judicial Institute on Domestic Child Sex Trafficking in Reno. Annually, the NCJFCJ convenes judges and their teams from all eleven Nevada judicial districts to improve the principles of quality hearings and enhance practices throughout every judicial district in Nevada.

Mari Kay Bickett-min

Mary Kay Bickett CEO NCJFCJ

“Although the NCJFCJ’s mission has and will always be to provide knowledge and education to improve the lives of families and children who seek justice, our areas of focus continue to expand and evolve,” said Bickett. Areas of focus include domestic child sex trafficking, child abuse and neglect, domestic violence, keeping kids in school and out of court, military families, juvenile drug courts, adoption and foster care, juvenile justice and trauma-informed courts.  “One of the biggest challenges facing the NCJFCJ is to help the public understand how a healthy court system affects their everyday life. Nearly everyone will have an experience with a family member, friend, employee or colleague that has interacted with the judicial system,” said Bickett

 

The NCJFCJ will always be on the forefront of topics that affect children and families who seek justice. Some of the NCJFCJ’s most recent initiatives include:

 

The NCJFCJ is a non-profit that relies on funding from federal and state grants, private foundations and generous members and donors. 2015 delivered a record $11.3 million in funding, but the NCJFCJ continues to depend on these contributions from members and donors. This support benefits the NCJFCJ’s research, advocacy, and education efforts, focused on improving the lives of our most vulnerable children and families.

 

When asked about their staffing, Bickett responded, “The NCJFCJ has more than 60 employees located in Reno and more than 20 employees in Pittsburgh at our research arm, the National Center for Juvenile Justice (NCJJ), the oldest juvenile justice research group in the nation.” There are regular job opportunities available with the NCJFCJ including an active internship program with the University of Nevada, Reno that has resulted in the hiring of several graduate research interns. “The NCJFCJ being downtown at 300 East Second strengthens the connection between downtown Reno and the UNR campus,“ said Tolles. “And it brings a nationally renowned institution into the diversifying economic base of downtown Reno.” Visit the employment section of the NCJFCJ website for details about working with the NCJFCJ and current job opportunities. The NCJFCJ currently employs nearly 20 UNR graduates including their CEO, Mari Kay Bickett, JD.

 

Basin Street Properties owns and manages 723,646 square feet of Class A office space in Reno and is heading up the 3rd Street Flats and Courtyard Reno Downtown projects. Representing Basin Street Properties was Dominic Brunetti and Scott Shanks of Dickson Commercial Group. The NCJFCJ was represented by Tim Ruffin of Colliers International.

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About the National Council of Juvenile and Family Court Judges (NCJFCJ): Founded in 1937, the Reno, Nevada based National Council of Juvenile and Family Court Judges, is the nation’s oldest judicial membership organization and focused on improving the effectiveness of our nation’s juvenile and family courts. A leader in continuing education opportunities, research, and policy development in the field of juvenile and family justice, the 2,000-member organization is unique in providing practice-based resources to jurisdictions and communities nationwide.

 

About Basin Street Properties: Basin Street Properties, headquartered in Reno, is one of northern California’s and northern Nevada’s prominent developers, investors and managers of commercial properties. Basin Street has become widely recognized for its office, retail, multi-family and mixed-use developments.  Founded over 40 years ago, the company offers a broad range of real estate services, including development, property management, construction management, financial and asset management, and property acquisition and disposition.  For more information, visit basin-street.com or contact Mike Williams, 775-954-2821, mwilliams@basin-street.com.