Basin Street News

Reno, NV (date April 11, 2017) – Basin Street Properties, a prominent Northern Nevada real estate investor and developer, has signed a lease expansion with Clear Capital for 7,114 square feet in its 300 East 2nd Street building in Downtown Reno.
Clear Capital is expanding from 18,581 square feet on the 14th floor at 300 East 2nd Street to take an additional 7,114 square feet. “Clear Capital continues to be a wonderful success story for Downtown Reno,” said Scott Stranzl, Vice President of Leasing for Basin Street Properties.  “As a national leader in real estate valuation technology, data and analytics, they are helping set the direction for Reno’s growth and success.”

Clear Capital joins many other insightful companies opening or expanding offices in Downtown Reno. “We recognize the methodical efforts of Reno and the state of Nevada to revitalize the economic engine in Northern Nevada and we’re honored to be part of it,” said Russ Johnson, Chief Revenue Officer, for Clear Capital.  “Our downtown location provides a variety of benefits in addition to a strong employment talent pool and close proximity to a top university, University Nevada Reno. There are nearby hotels including the new Renaissance, a variety of arts, entertainment, restaurants and bars all within walking distance, and of course we enjoy Greater Nevada Field with baseball and soccer right across the street.”
When asked about what is driving Clear Capital’s continued success and expansion, Russ replied, “As Clear Capital’s market share continues to grow, so does the real estate industry’s requirements for innovation through software platform technology, analytics and data. This demand drives Clear Capital to recruit more technology, operations and real estate top talent in Northern Nevada from the impressive local talent pool including University of Nevada graduates. This effort will not only meet the current and future business needs of our clients, it will allow us to innovate and build advanced products the industry needs and requires.”

Demand for predictive analytics, streamlined quality analysis, and automation of the mortgage process is helping drive Clear Capital’s growth.  Also, Clear Capital is leveraging their highly sought after existing services and building exciting new analytics and data products including the growing roadmap of their industry pioneering SaaS-based platform product (ClearCollateral). Clear Capital’s recent accolades and milestones include:

  • Morningstar Rating Agency’s highest rating (MOV RV1) for the 3rd consecutive year.
  • EDAWN 2016 Large Company of the Year Award
  • Expanded executive leadership of over 17, including leaders with diverse backgrounds from NASA, Apple, Google, Ford, Fannie Mae, making up an agile, innovative group.
  • The company’s first Chief Revenue Officer

The new offices will feature electronic controlled sit/stand desks, network bars, open collaborative workspace and amazing views of Mt. Rose, the surrounding Sierra Mountain Range and Greater Nevada Field.  Clear Capital is currently hiring for several positions in technology, operations quality assurance, customer service, sales & marketing and real estate industry experts.  Please visit ClearCapital.com for more information.

300 East 2nd Street is a 15-story tower with 4 floors of Class A office space totaling 136,497 square feet and 11 floors of direct-access parking totaling 977 parking stalls. It features panoramic views of the surrounding Sierra Mountains, Truckee Meadows and Downtown Reno. The building has on-site, covered parking with security and adjacent is the Courtyard Reno Downtown-Riverfront and Greater Nevada Field.

Basin Street Properties owns and manages 723,646 square feet of class A office space, hospitality, multi-family and retail in Reno and led the redevelopment of the Kings Inn into 3rd Street Flats and the development of the Courtyard Reno Downtown-Riverfront.  Representing Basin Street Properties was Dominic Brunetti and Scott Shanks of Dickson Commercial.

About Clear Capital:
Clear Capital (www.clearcapital.com) is a technology company providing nationwide 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.

About Basin Street Properties:
Basin Street Properties, headquartered in Reno, is one of Northern California and Northern Nevada’s prominent developers, investors and managers of commercial properties. Basin Street has become widely recognized for its office, retail, multi-family, hospitality 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.  For more information, visit basin-street.com or contact Mike Williams, 775-954-2821, mwilliams@basin-street.com.