Archive for the ‘Industry Highlights’ Category

Posted 28 Oct 16 By: No comments yet

New bakery and new poke restaurant to open at Far North

ALBUQUERQUE, N.M. — The food fest continues at Far North Shopping Center. Just a month after the center at San Mateo and Academy NE welcomed Aura restaurant and its European Mediterranean menu, Ben Perich of Colliers International said there are new leases with two more eateries: Doughboy’s Bake Shoppe and Aloha Poke. Doughboy’s is a…

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Posted 06 Oct 16 By: No comments yet

NAI Maestas & Ward promotes Brett Hills to Senior Director

On a regular basis, we hear of a friend or colleague who appears to have risen meteorically to the top of their profession.  They seem to have done this with great ease, in a short period of time.  It appears they were lucky and simply struck the jackpot.  Most often this is not truly the…

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Posted 27 Jun 16 By: No comments yet

CRE Market Report

Commercial Real Estate Market Report by Keith Meyer For the past three years, the commercial real estate market in New Mexico has been improving, but mixed. It has been a case where a rising tide has not yet raised all boats.  It has been well documented that New Mexico has not enjoyed the job growth…

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Posted 20 Oct 15 By: No comments yet

Real estate group spotlights veteran ABQ broker with unique honor

John Henderson III has spent four decades in commercial real estate and is known among Albuquerque brokers as someone who is quick-witted, a leader and most of all, a mentor. Todd Clarke of NM Apartment Advisors described Henderson as one of a handful of individuals who molded Albuquerque’s real estate community into one that is…

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Posted 20 Jul 15 By: No comments yet

Real estate buyers eye the Duke City again

Back on the radar: Real estate buyers eye the Duke City again It took one phone call for Alfredo Barrenechea of Absolute Investment Realty to sell a property on Alameda Boulevard with a Burger King on it. He also listed a property featuring a national pizza chain and got 12 quick offers. That one sold…

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Posted 14 Jul 15 By: No comments yet

Report says industrial real estate activity highest since 2007

Albuquerque’s industrial real estate market continues to improve, as occupancy climbs and rents remain steady. A new report by CBRE New Mexico shows Albuquerque’s industrial buildings and warehouses experienced positive absorption for the 11th quarter in a row. Year-to-date net absorption hit nearly 400,000 square feet, the highest amount of first half activity recorded in…

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Posted 22 May 15 By: No comments yet

Millennials leading the way

New Mexico….Multi-family Housing update 2015 Multi-family Housing is coming of age in New Mexico and the Millennial Generation is spurring the growth.  The old adage of “location, location, location” is ever present as the placement of a property in relation to cultural, educational, entertainment and natural amenities becomes a major factor in the value of…

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Posted 07 May 15 By: No comments yet

GandyDancer Railroad and Excavating Services New Headquarters

FOR IMMEDIATE RELEASE May 7, 2015   GandyDancer Railroad and Excavating Services New Headquarters Albuquerque, New Mexico – GandyDancer Railroad and Excavating Services has completed the purchase of a new headquarters and maintenance location at 5801 Bobby Foster Road SE.  GandyDancer’s (the name is slang for railroad worker) new facility features an 18,000 square foot…

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Posted 26 Mar 15 By: No comments yet

Young commercial real estate players emerging in Albuquerque market (Albuquerque Business First)

Call them millennials or young professionals — they call themselves developing leaders. And in the commercial real estate industry in Albuquerque, they are quickly organizing. Three leaders — Josh Rogers, Clayton King and Chris Clepper — have taken the reins of a newly refreshed NAIOP – New Mexico  group for the younger set. NAIOP is the commercial…

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Posted 30 Jan 15 By: No comments yet

Finding Flexibility on Unser Boulevard

Vivify Hot Yoga Opening Next Week New Mexico natives, Sean and Lisa Kehoe found peace with hot yoga. Now, they are embarking on bringing this invigorating experience to a new studio in Rio Rancho. Vivify Hot Yoga is set to open this coming week with breathtaking and unblocked views of the Sandia mountains. The owners,…

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Posted 23 Jan 15 By: No comments yet

RICHIE B’S PIZZA IS COMING TO ALBUQUERQUE

New York Style Pizza to be Served at Louisiana Shopping Center Preston Smith, a local entrepreneur is bringing a zesty national franchise to Albuquerque. Richie B’s Pizza has multiple locations throughout the nation including, Oregon, Colorado and Alabama and will soon be opening their first New Mexico location. Richie B’s is well- known for the…

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Posted 21 Jan 15 By: No comments yet

Movie theater marks latest project at $70 million Las Estancias development (Albuquerque Business First)

Albuquerque’s South Valley hasn’t been known as a night-out-at-the-movies kind of destination, but that could all change this year, as Carmike Cinemas (Nasdaq: CKEC) starts construction on a 12-screen theater this week at Las Estancias. Las Estancias is the 550,000-square-foot, $70 million retail development with a health care facility on almost 80 acres at the…

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Posted 18 Dec 14 By: No comments yet

John Henderson III to Retire at end of December

John Henderson III, Director, specializing in the investment and leasing of office properties, has been highly recognized as a leading member of the Albuquerque real estate industry for over 40 years. John has been the recipient of many real estate industry accolades including recognition as the REALTOR of the Year for both Commercial Association of…

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Posted 04 Dec 14 By: No comments yet

Now We’re Cooking to Move in January

 As Seen in Albuquerque Journal After 23 years in the same location, a popular Albuquerque kitchen store is ready to mix things up. Now We’re Cooking will move northward in January, leaving its longtime home at Academy and Wyoming NE for new digs at Paseo del Norte and Wyoming NE. Now We’re Cooking will remain…

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Posted 09 Oct 14 By: No comments yet

GOVERNOR ANNOUNCES FLAGSHIP FOOD GROUP’S ENTRY TO NEW MEXICO

Flagship Food Group Intends to Hire 300 People Flagship Food Group is known for manufacturing processed foods and delivering these goods both on the national and international level. They have now selected a site in New Mexico for their new headquarters location. On October 7th, Governor Susana Martinez, and Mayor Richard Berry announced the entry…

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Posted 26 Sep 14 By: No comments yet

Cafe Caribe, Latin American restaurant opening in Downtown Albuquerque (Albuquerque Business First)

A rookie restaurant owner is planning to bring a new style of cuisine to Downtown Albuquerque. Alejandro Arteaga said he’ll open Café Caribe ABQ in December at Downtown Albuquerque’s 4th Street Mall — which is now under reconstruction. Arteaga, who will act as owner and chef, said the restaurant will offer Latin-Caribbean cuisine. He said…

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Posted 10 Sep 14 By: No comments yet

Shelly Branscom featured in ABQ Business First; CREW-NM program helps 20 transition into area workforce

Under the radar this summer, the Commercial Real Estate Women (CREW) New Mexico chapter embarked on an inaugural outreach project. But while it wasn’t meant to be a big splash, members say it had a big effect on them and Crossroads for Women, which partnered with CREW for a half-day vocational workshop for Crossroads clients….

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Posted 11 Jul 14 By: No comments yet

Innovate ABQ is a Reality

First Baptist Church Sale Completed First Baptist Church has completed the sale to UNM/Lobo Development and the City of Albuquerque the historic First Baptist Church property located at Central and Broadway. The buyer has stated previously the site will be used to house Innovate ABQ, the business incubator to be managed by STC UNM. The…

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Posted 10 Oct 13 By: No comments yet

Calibers Range is Getting Larger

Calibers

Calibers Opening Newest Location on West Side Written by: Stephanie Chang Former gas station, convenience store and quick service restaurant will now be home to Calibers Shooting Sports Center. Just over two years after the Calibers opened at Washington and Cutler, plans for another location arise. With 1.336 acres of land and a 5,923 square…

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Posted 02 May 13 By: No comments yet

Private and Government Sector Service Company Relocates

One of the Fastest Growing Companies in the U.S. Brings Opportunity to Albuquerque. Written by: Stephanie Chang Albuquerque, New Mexico – May 2, 2013 – Providing a plethora of resources, JGMS, Inc. also has a focus to positively impact communities through charitable support programs.  JGMS, Inc. was founded in 2001 and is certified by the…

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Posted 05 Sep 12 By: No comments yet

Developer Karam selling his ABQ portfolio

El Paso developer Eddie Karam and his Albuquerque partner Erik Olson have put their three Albuquerque properties up for sale.  To read more on this click on the following link. http://www.bizjournals.com/albuquerque/blog/morning-edition/2012/08/developer-karam-selling-his-abq.html

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Posted 16 Jul 12 By: No comments yet

Steve Maestas Gives Mid-Year Commercial Real Estate Update

Steve Maestas, Managing Partner of NAI Maestas & Ward Commercial Real Estate, made a guest appearance on The Property Beat on Saturday, July 7 to give the Mid-Year Commercial Real Estate Update and offer insight into the art of real estate investments. During his interview, Maestas provides an overview of the commercial real estate market…

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Posted 11 Jun 12 By: No comments yet

Restaurants’ See Biggest Gains In Four Years

According to the NPD Group (Consumer Market Research Group), the leading provider of reliable consumer information, restaurants saw their strongest gains since 2008. Additionally, “The two food service sectors that increased guest counts in the first quarter were quick service and fine dining, NPD found. Visits to quick-service chains rose 2 percent during the period,…

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Posted 16 Apr 12 By: No comments yet

NAI Maestas & Ward Commercial Real Estated Honored as Top Leasing Firm in Albuquerque

NAI Maestas & Ward Commercial Real Estate has been named Top Leasing Firm by the national real estate research organization CoStar Group. Using overall leasing transaction volume in 2011, NAI Maestas & Ward was measured against all active commercial real estate brokerages in the Albuquerque area and proved to be a top producer. Contributing to…

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Posted 21 Mar 12 By: No comments yet

NAI Maestas & Ward’s Erik Olson Featured In CCIM Institute Magazine

NAI Maestas & Ward Senior Advisor, Erik Olson, CCIM has been featured in the CCIM Institute’s monthly magazine “Commercial Investment Real Estate”. The article, “Multifamily Media Frenzy: Apartment investments still rule the front page” discuss the successes of multifamily property sales despite the struggling economy. Erik is NAI Maestas & Ward’s multifamily expert with over…

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Posted 20 Feb 12 By: No comments yet

NAI Global Honors NAI Maestas & Ward with Eagle Award

NAI Maestas & Ward, headquartered in Albuquerque, New Mexico, was recognized by NAI Global with its Eagle Award for performance in 2011. The Eagle Award recognizes the NAI member firm that best exemplifies the Right Stuff–a composite of leadership, capital and resources; commitment to quality; the desire and energy to grow; and sharing the NAI…

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Posted 07 Feb 12 By: No comments yet

A Tale of Two Markets

A Tale of Two Markets The current commercial real estate market reads like the Charles Dickens’ novel, A Tale of Two Cities: “it is the best of times and the worst of times”. After three plus years of slack demand, some New Mexico commercial real estate users and investors have apparently determined that now is…

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Posted 30 Dec 11 By: No comments yet

Pending Home Sales Up 26% from 2010

It appears home sales are stabilizing in Albuquerque. Read More…..with Holiday retail sales looking good, I’m believing 2012 will be a strong year for retail expansion in Albuquerque. Friday, December 30, 2011 NAI Maestas & Ward | Phn 505-878-0001    

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Posted 13 Dec 11 By: No comments yet

Record Crowds At Chipotle’s First Opening In NM – Fire Marshall On Scene Due To Length Of Line

It has been a week since Chipotle opened it’s doors to their first location in New Mexico and there is still a line around the building during lunch. Chipotle is so popular that some people waited over two hours in line. In fact, even the Fire Marshall was called on scene due to how many…

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Posted 30 Nov 11 By: No comments yet

Industrial & Office Market Update Presentation

Debbie Harms, CCIM, SIOR, and Partner at NAI Maestas & Ward presented an update on the status of the commercial real estate office market at a NAIOP luncheon on November 14. Debbie, who has nearly 30 years of experience in commercial real estate brokerage, development, leasing and property management, gave a comprehensive overview of the…

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Posted 07 Nov 11 By: No comments yet

Commercial Real Estate Firm Adapts to Change

In today’s economic environment, the future may seem uncertain and less predictable for businesses than it did just a few years ago. But, as NAI Maestas & Ward’s Managing Partner Steve Maestas sees it, there are also vast opportunities for businesses even in this economic downturn. In a recent article in the New Mexico Business…

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Posted 19 Oct 11 By: No comments yet

Commercial Property Management Team Delivers Great Service

NAI Maestas & Ward’s commercial property management division and its affiliate, Sun Vista Enterprises, recently received the following feedback from clients. Bob Underwood at Specialty Funding wrote “Thanks for having [your team] take care of that for me this morning. As usual you and your team are super.” Signature Southwest Properties President Sherry D’Amato Fowler…

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Ideal Feet Leases Commercial Property for New Store

Ideal Feet has opened its first store at 2663 Louisiana NE in Albuquerque. The company currently operates 13 locations in Arkansas, Kansas, Kentucky, Oklahoma, North Carolina, Texas and New Mexico. “This is a great business for Albuquerque and this location on Louisiana is a high traffic area that will give Ideal Feet exceptional marketing exposure,”…

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Posted 02 Sep 11 By: No comments yet

Real Estate Brokers Find New Use for Industrial Spaces

As the commercial real estate market regains its footing, new uses are being found for older industrially-zoned buildings in the Albuquerque metro area. Such is the case in a transaction that was just completed at 6701 Jefferson NE. NAI Maestas & Ward Advisors Keith Meyer, CCIM, CIOR and Jim Wible completed the lease of 42,000…

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Posted 01 Sep 11 By: No comments yet

CCIM Institute Holding Annual Celebration

The New Mexico Chapter of the CCIM Institute is hosting its annual CCIM Celebration on September 15 at Sandia Resort & Casino from 5:00 to 7:30 p.m. The event is free to New Mexico CCIM Chapter members and is open to the public as well. The annual event provides an opportunity for the commercial real…

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Posted 08 Aug 11 By: No comments yet

Albuquerque Realtor Sees Multifamily Real Estate Market Heating Up

As summer heats up, so does the small multifamily market in Albuquerque according to Erik Olson, an advisor at NAI Maestas & Ward. Erik was one of the brokers in a recent 4-plex transaction that closed in just 60 days. It took only two weeks for a local real estate investor to put the property…

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Posted 24 Jun 11 By: No comments yet

Martha Carpenter and Shelly Branscom Lease Space to New Crafting Business

NAI Maestas & Ward Advisors Shelly Branscom and Martha Carpenter recently completed a lease transaction for an exciting new establishment.  The Hen House Paperie, a specialty retail business catering to the needs of the crafting community in the Albuquerque metro area is opening at 6301 Riverside Plaza Dr. NW, Suite L3 in July.  “The Hen…

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NAI Maestas & Ward Clients to Benefit From NAI Global Merger

Steve Maestas, Managing partner of NAI Maestas & Ward announced today that C-III Capital Partners LLC (C-III) will acquire NAI Global, the largest premier network of independent commercial real estate firms worldwide comprised of 5,000 professionals and 350 offices in the U.S. and 55 countries around the world.  “We are very excited about this strategic…

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Posted 07 Jun 11 By: No comments yet

The Outlook For Restaurants Looks Bright

National restaurant concepts are expanding again and Albuquerque is on their radar screen. The overall theme at an international real estate convention I attended in May was one of renewed optimism. Five Positive Signs For Restaurants Tuesday, June 7, 2011 NAI Maestas & Ward | Phn 505-878-0001

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Posted 27 Apr 11 By: No comments yet

Martha Carpenter Named “Top Office Leasing Broker by CoStar”

Steve Maestas, Managing Partner of NAI Maestas & Ward, announced today that Martha Carpenter, a NAI Maestas & Ward advisor, has earned the CoStar Group Power Broker award as one of the top leasing brokers in Albuquerque during 2010.  CoStar Group is the largest national research organization serving commercial real estate.  Ms. Carpenter specializes in…

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Posted 08 Apr 11 By: No comments yet

Customer Service Is More Important Than Ever

Customer Service Is More Important Than Ever In today’s new economy customer service MUST exceed expectations. People are dining out less making each experience that much more valuable. A restaurant can serve the best food in a hip environment and poor service can overshadow the entire experience. More than ever, servers are where the rubber…

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Posted 29 Nov 10 By: No comments yet

NAI Maestas & Ward announces the grand opening of Romero Family Medicine

  FOR IMMEDIATE RELEASE:  November 29, 2010 RE:  NAI Maestas & Ward announces the grand opening of Romero Family Medicine  CONTACT INFO:  Steve Maestas (505) 878-0004  Steve Maestas, Managing Partner of NAI Maestas & Ward Commercial Real Estate, announced today that the grand opening of Romero Family Medicine, at 4600 Jefferson NE, Suite A, will…

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Posted 24 Aug 10 By: No comments yet

Chipotle Leads The Way

Chipotle Mexican Grill experienced a 14% sales increase in 2009 making them the leader in the fast casual category. The Denver based restaurant chain has recently surpassed 1000 locations and are poised for continued growth including national expansion. To read more go to: http://www.chicagotribune.com/business/ct-biz-0819-fast-casual-pei-wei-20100818,0,950793.story

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Posted 09 Aug 10 By: No comments yet

Selling A Business Benefits From Proactive Owner

Monday, August 09, 2010 Selling A Business Benefits From Proactive Owner This is no ordinary recession. It is trudging into its third year with no end in sight despite the government’s futile attempts at “stimulation.” As a result, many New Mexico business owners have exhausted their “rainy day” funds and are now surviving on credit…

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Posted 04 Aug 10 By: No comments yet

The Sun Continues to Shine in New Mexico

Albuquerque’s Market Ranks 7th out of top 56 metros in US. In a recent report by Moody’s Albuquerque ranks as one of the top commercial markets in the country. In fact, the retail market scored a 75 out of 100 compared to the national composite in the same sector which scored a 60 out of…

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Posted 13 Jul 10 By: No comments yet

Multiplex Theater Planned for Rio Rancho

Tuesday, July 13, 2010  Multiplex Theater Planned for Rio Rancho  By Rosalie Rayburn Journal Staff Writer           RIO RANCHO – For more than 10 years, Rio Rancho movie theater buffs have had to trek out of town to get their flick fix. That could change if city councilors approve a Texas-based plan to build a 14-screen,…

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Posted 10 Mar 10 By: No comments yet

Cash Flow is Decisive When Pricing a Small Business

Pricing a business for sale requires evaluating its cash flow–another name for a business’s earnings before interest, taxes, depreciation, amortization and owner’s compensation are subtracted. Cash flow is then multiplied by a number that falls within a range appropriate for the industry and market–a number that takes into account other variables that affect the business….

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Posted 05 Mar 09 By: No comments yet

Hospital Services Corporation Inceases Space by 40 Percent with Move to Journal Center

ALBUQUERQUE — Rapidly growing Hospital Services Corp., which provides a wide variety of management and administrative services to the healthcare industry and general business community, is moving to Journal Center. HSC has purchased the two-story, 24,388-square-foot building at 7471 Pan American Freeway NE in the heart of the North I-25 Corridor. The building previously housed…

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Posted 20 Feb 09 By: No comments yet

Dining options slip on icy economy

Major changes are taking place on Albuquerque’s restaurant menu. The weak economy has devoured a dozen restaurants just since January, providing an oversupply of space left vacant by troubled national chains. Successful local operators are possible candidates to fill it. While all retailers are feeling the recession’s squeeze, restaurants are particularly vulnerable as consumers dine…

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Posted 01 Jan 09 By: No comments yet

Albuquerque Property Values on the Rise (on the top 25 list)

Kiplinger’s, January 2009 Metro area population: 832,774 Median home price: $275,000 12-month change in home value: -0.5% Affordability index: 3/10 Homes sold this year: 8,144 Home value vs. national average: +37.5% Top employer: Intel While other midsize cities have fallen prey to rampant speculation, Albuquerque has hovered below the national real estate radar and largely…

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