Governor to Head Trade Mission to Israel
The Governor’s Office of Economic Development has announced that Governor Brian Sandoval will lead a Nevada trade mission to Israel in mid-May. The trade mission will include opportunities to discuss the technologies that Nevada and Israel are pursuing to expand their water supplies for residential and commercial needs. Other areas of discussion will include the further development of key economic sectors including cyber security, clean energy and technology commercialization.
Washoe County Residential Sales Increase
According to the Reno-Sparks Association of Realtors, Washoe County saw 436 sales of existing homes during the month of January, a 20 percent increase in transaction volume from January 2011. The median home price was also down to $135,000. This is a 13 percent decrease from December and 14 percent below the median price recorded in the same month of the previous year.
City National Releases Fourth Quarter Income
City National Corporation, the parent company of wholly owned City National Bank, reported fourth-quarter 2011 net income of $43.9 million, or $0.82 per share, up 10 percent from $39.7 million, or $0.74 per share in the fourth quarter of 2010.