Nevada Briefs - November 2007

Nevada Briefs

Expanding Radiation Capabilities

Nevada Cancer Institute’s Radiation Oncology Department received accreditation by the American College of Radiation Oncology (ACRO) and began treating patients with its TomoTherapy Hi-Art treatment system in September. The prestigious ACRO accreditation is achieved only by a small percentage of departments across the country. NVCI is accredited for a maximum use of three years. Unlike traditional radiation therapy equipment, the Hi-Art system’s delivery unit doubles as an onboard CT scanner. Allowing true CT images of a patient’s anatomy to be created with the same physical equipment next used to treat the patient, bringing confidence that tumors will receive their intended dosage from one day to the next.

Paramount Bank Opens in Las Vegas

Paramount Bank, an offshoot of Paramount Bancorp, Inc. in Michigan, opened its doors at 7795 West Sahara Avenue. The bank was created by local banker Paul D. Kadavy and Thomas E. Purther, director and CEO of Paramount Bancorp, Inc. Kadavy will serve as the bank’s president. Paramount will occupy 4,000 square feet in the Sahara & Buffalo Business Park. The primary focus will be business loans and deposits, with efforts in the consumer sector primarily directed towards residential real estate mortgage origination and consumer deposits, as well as commercial real estate, developers and commercial and industrial business.

Las Vegas Ranks as One of the Nation’s More Affordable Markets

An annual comparison of similar homes in 317 U.S. markets was done by Coldwell Banker’s Home Price Comparison Index. It defines home prices that equate to a $2.1 million difference between the nation’s most expensive and affordable housing markets. Subject homes in Las Vegas average $362,188, ranking Las Vegas as one of the more affordable markets in the nation. Las Vegas compares to the average price of homes in West Hartford, Connecticut and Provo, Utah.

Commerce CRG Announces Office Division

Commerce CRG/Cushman Wakefield Las Vegas announced the formation of an office properties division. Led by office sector veteran Michael Dunn, the new division will focus on general office brokerage, including both landlord and tenant presentation. Team members include: Michael Dunn, CCIM, who is the senior director of the office properties division; Monty Montierth, CCIM, who joins the team as an office and investment specialist; Carolyn Curtis, CCIM, who has more than 30 years of professional real estate experience to Commerce CRG; and Colin Tapp, who brings extensive experience in sales and marketing.

Advanced Information Systems Launches

Frank Yoder, president of Advanced Information Systems (AIS), announced the Las Vegas-based software development firm launched a new voice and data networks division to provide companies with a single, streamlined network in which to conduct business. By utilizing interactive intelligence, the division merges voice and data networks, allowing businesses to operate their telecommunications and Internet needs through one system. AIS also aims to become licensed in fiber-optics cabling that will allow the firm to install fiber optics and copper data cables.

Carson River Community Bank Surpasses $26 Million

Carson River Community Bank reached a milestone with over $26 million in total assets. Julie Kidd, chief financial officer, credits the bank’s solid growth in part to its relationship-focused, individualized approach to banking and lending. Community leaders, banking professionals and local investors focused on launching Carson River Community Bank last year to fill a need for personalized banking and local decision-making. Banking services include account access through Internet banking, ATM service, mobile banking and courier service.