Archive for the ‘News By Neighborhood’ Category
Second time is the charm for Revolution Bakery
By Teya Vitu | tvitu@sfnewmexican.com The second revolution is about to start for baker Dionne Christian. She is bringing back the gluten-free Revolution Bakery that shut down in April 2016 after four years on San Felipe Avenue, just off the 1800 block of Cerrillos Road. “I had a health concern I was dealing with,” Christian…
Read Full ArticleThe Scoop on Santa Fe: A One-on-One with Santa Fe’s Commercial Real Estate Division
For nearly two decades, the Santa Fe team, lead by Managing Member, Carlos Garcia has been actively involved with the development, leasing, buying, and selling of commercial real estate. Together, with your goals always at the forefront, they work continuously aiding local businesses to organize and develop the perfect conditions for their business. With unique…
Read Full ArticleDOE contractor signs big lease in Los Alamos
By Collin Krabbe, Technology reporter, Albuquerque Business First | August 14, 2019 DOE contractor signs big lease in Los Alamos A joint venture led by Huntington Ingalls Industries and BWX Technologies contracted to carry out an environmental cleanup job at the Los Alamos National Laboratory has big plans for Los Alamos following its first year…
Read Full Article3 Ways I Help YOU!
By Shelly Branscom -Director, NAI Maestas & Ward Office Team July 2, 2019 Would you ask a podiatrist to treat you for strep throat? Not likely. The podiatrist could certainly prescribe you an antibiotic. But is it the right medicine for you? Would you junk a car with 60,000 miles because a check engine light…
Read Full ArticleA One-on-One with Albuquerque’s Multifamily Experts
The multifamily team believes strongly in the value of teamwork, and views every real estate transaction as a puzzle to be solved through group communication and idea-sharing. Their understanding and engagement of technology coupled with solid work ethic provide their clients with a smooth transaction and a personable, high-caliber experience. As leaders in Multifamily sales,…
Read Full ArticleNew Mexico: Opportunity Zones are Knocking
By Bruce Krasnow – Public Information Officer, NM Economic Development Department August 7, 2019 SANTA FE, N.M. – The New Mexico Economic Development Department (NMEDD) has unveiled a new website so local governments, investors, businesses, and property owners can take advantage and connect with Opportunity Zone resources. The state, along with NMEDD, designated 63 Opportunity…
Read Full ArticleOffice Building’s new amenities might make you not want to leave
By Rachel Sams – Editor-in-Chief, Albuquerque Business First July 12, 2019 How much work would you get done if your office included float pods, salt rooms and Peloton bikes? Some Albuquerque tenants will soon find out. The skinny Developer Matt Finkelstein purchased Albuquerque’s Optimum Building, 5700 Harper Dr. NE, with plans to provide office tenants some amenities unique…
Read Full ArticleForeign Interest in Industrial Real Estate Continues to Grow
By: NAI Global CRE Outlook, June 12, 2019 Out of all of the CRE sectors available, overseas investors indicated they are most interested in acquiring industrial assets. Foreign interest honing in on industrial real estate is a trend that has remained strong over the past few years and is set to continue throughout 2019 and…
Read Full ArticleInternational distributor plans massive ABQ expansion with new facility
By Collin Krabbe – Technology reporter, Albuquerque Business First June 28, 2019 International distributor Bunzl Distribution USA is planning a major Albuquerque expansion and has signed a “long-term” lease for a new building under construction at the site of the former FedEx Freight facility. The company, a distributor of food packaging, supplies and cleaning and…
Read Full ArticleWinrock Town Center signs massive new lease for office anchor tenant
By Collin Krabbe, Technology reporter, Albuquerque Business First | June 18, 2019 New Mexico Orthopaedics plans a major new headquarters at the Winrock Town Center. The Albuquerque-based health care provider signed a 10-year lease in May, not including options, for 68,000 square feet at the mixed-use development, including the entirety of its Level 2 office spaces….
Read Full ArticleConstruction begins on new shipping container project
By Christopher Ortiz, Managing Editor, Albuquerque Business First | June 11th, 2019 Seven months after its groundbreaking ceremony, construction has begun on Albuquerque’s second shipping container project. Crews are set to begin pouring foundation at Tin Can Alley at the corner of San Pedro and Alameda, reports KOB. Developer Roy Solomon, who also developed Green Jeans Farmery, originally…
Read Full ArticleRise of the West Side retail
By Steven Hamway, Albuquerque Journal Writer | June 10th, 2019 Parts of the western side of Rio Grande have long been second-best when it comes to retail in Albuquerque, with fewer unique dining and shopping options than established nodes like Old Town and Uptown However, retail observers say they’ve seen restaurants new to the market…
Read Full ArticleSushi Freak rolls into the Westside
By Ron Davis, Albuquerque Business First reporter | May 31, 2019 Sushi Freak is set to make its second move in the Duke City. The San Diego-based sushi chain is planning for a new location on Albuquerque’s Westside at the North Andalucia at La Luz shopping center, located at Coors Blvd. and Montaño Road. Sushi Freak has locations…
Read Full ArticleLocal law firm makes Louisiana (office building) purchase
By Ron Davis, Albuquerque Business First reporter | April 29, 2019 Its name was already on the building, but the title is now in Will Ferguson & Associates’ name. The Albuquerque law firm purchased a 47,000-square-foot office building at 1720 Louisiana Blvd NE, Will Ferguson, the president of the law firm, confirmed the purchase to…
Read Full ArticleInvestment Property Advisors 2018 Recap & 2019 Kickstart
Investment Property Advisors is one of the most well-networked teams in the commercial real estate industry in the State of New Mexico. Focusing on investment sales, the team understands the local and regional markets impeccably. IPA’s knowledge and relationships in the investment real estate industry, coupled with their work ethic and dedication to their clients,…
Read Full ArticleNAI Maestas & Ward helps locally-owned niche bakery expand to new location
The Burque Bakehouse is heating things up with the expansion of their growing business at their new location of 640 Broadway SE in Albuquerque, New Mexico. The Burque Bakehouse began as a stand at Albuquerque’s downtown farmers’ markets (Downtown Growers’ Market & The Rail Yards Market), where they have sold pastries since 2015. The…
Read Full ArticleWater Authority Claims Top Prize from National Water Group – “Platinum Award” from Association of Metropolitan Water Agencies
ALBUQUERQUE, Oct. 16 – The Association of Metropolitan Water Agencies has bestowed upon the Water Authority its highest honor, the 2018 Platinum Award for Utility Excellence. The AMWA announced the prize at a ceremony in San Francisco on October 15. “This award is for the entire utility,” said Water Authority Board Chair Trudy E. Jones…
Read Full ArticleCommercial lending trends that will affect your business
By Chris Clepper, Nusenda Credit Union | Dec. 7, 2018 What are some commercial real estate trends that you’ve seen recently and how are they impacting lending? Like all other industries today, commercial real estate is experiencing disruption and faced with uncertainty. There are too many trends to cover here, but a great example is retail….
Read Full ArticleDevelopers unveil major mixed-use project near Kirtland Air Force Base
ALBUQUERQUE, N.M., Dec. 4, 2018 – By Ron Davis, Albuquerque Business First In front of a near-capacity crowd of real estate brokers at the Dekker/Perich/Sabatini office, developers unveiled a master plan that would create over 900,000 square feet of mixed-use business space near Kirtland Air Force Base. Thunderbird Kirtland Development LLC announced Wednesday that Max Q at…
Read Full ArticleHere’s a status update for Facebook’s data center in Los Lunas
ALBUQUERQUE, N.M., Nov. 14, 2018 – By Collin Krabbe, Albuquerque Business First Two years have passed since Facebook broke ground for its Los Lunas data center, a project many are hoping will bring prosperity to the area. Though some have criticized the ability of data centers to sustain a large amount of high-paying jobs, the California-based social media giant is adamant…
Read Full ArticleNetflix’s ABQ deal could mean a boom for local commercial real estate
ALBUQUERQUE, N.M., Nov. 1, 2018 – By Ron Davis, Albuquerque Business First Both commercial real estate experts and local leaders believe Netflix’s $1 billion investment over the next 10 years will go beyond the money invested in New Mexico While the ink is still drying, some Albuquerque developers are smitten by the possibilities Netflix could bring to…
Read Full ArticleNAI Maestas & Ward’s Industrial Team wins award for expertly-facilitated complicated transaction
ALBUQUERQUE, N.M., Nov. 1, 2018 – At the “Intersections” commercial real estate event held on October 25, at Sandia Golf Club in Albuquerque, the NAI Maestas & Ward Industrial Team (Keith Meyer, Jim Wible & Riley McKee) were presented with an award for “The Deal of the Year” (under $1M). Following is the story of the transaction…
Read Full ArticleGreen Jeans developer launching new project
ALBUQUERQUE, N.M. — The guy behind the Green Jeans Farmery, the innovative shipping-container development near Carlisle NE and Interstate 40, is on to his next commercial project, which he describes as a future destination spot featuring noteworthy players from the town’s restaurant and brewing community. Citing nearby businesses and residential communities as the potential customer…
Read Full ArticleGyms, fitness centers backfilling empty retail space
Landlords who once leased space to Big Box mainstays like Toys “R” Us or now-defunct stores such as Hastings Entertainment are turning to tenants like gyms and fitness centers to fill retail vacancies. They’re opening at an impressive clip in both large-format and small-format retail spaces across the Albuquerque area. And, market observers say, it’s…
Read Full ArticleABQ engineering firm relocates and expands
An Albuquerque engineering firm is on the move. QA Engineering is set to relocate to a new space at 1409 Ortiz Dr. SE and add to its team of 21 by mid-August. The firm’s new space consists of 6,800 square square feet with 4,750 square feet of office space and 2,230 for QA Engineering’s warehouse….
Read Full ArticlePeterson Properties snaps up another piece of real estate
Peterson Properties has acquired its fourth commercial property this year. The Albuquerque-based landlord acquired Autry Plaza, located at 1330 San Pedro Drive NE, for $1.1 million, said President Doug Peterson. “It’s nearby our office so it should be easy for us to manage,” he said. The 16,540-square-foot Class B office building was half occupied when purchased….
Read Full ArticleWest Side Family Business
The Albuquerque area has landed two new business owners who have a unique name for their future retail enterprise, interesting back stories and a commitment to giving back to a favorite charity. The Pink Ribbon, scheduled to open this fall at 10301 Cottonwood Park NW, will be a high-end nail salon and spa operated by…
Read Full ArticlePresbyterian breaks ground on new South Valley clinic
Presbyterian has broken ground on its new South Valley clinic. Presbyterian is building a 35,000-square-foot clinic on a five-acre site that it owns in the Las Estancias mixed-use commercial development in the South Valley. Albuquerque-based Platinum Builders Corp. is the general contractor and Dekker/Perich/Sabatini is the architecture firm on the project. Presbyterian anticipates a spring/summer 2019 opening….
Read Full ArticleMeet this NM top private company that’s been involved in more than $190 million in real estate deals
In May, Albuquerque Business First revealed the companies that made our new Top 100 New Mexico Private Companies Awards. Business First is highlighting a handful of companies that are new to the list this year. First up is NAI Maestas & Ward Commercial Real Estate. The commercial real estate firm was involved in $193.70 million in…
Read Full ArticleTwo New Mexico women selected to national list of CRE executives
Debbie Harms and Cynthia Schultz, the CEOs of NAI Maestas & Ward Commercial Real Estate and Bradbury Stamm Construction, respectively, have been selected to a national list of notable commercial real estate executives. The Business Journals’ Influencers: Commercial Real Estate spotlights 100 executives having an influence on real estate and development in their respective communities. These 100 executives…
Read Full ArticleNew-to-market taco chain heads to Uptown
Uptown will soon have a new taco joint. R Tacos has picked Uptown for the chain’s first Albuquerque location. The Buffalo Wild Wings-owned chain is headed to Coronado Center, where it will take up about 2,000 square feet, says Thalia Toha, an adviser for NAI Maestas & Ward, who represents the tenant. Dallas-based R Tacos is expected to…
Read Full ArticleNAI Maestas & Ward’s Debbie Harms on women in commercial real estate and innovation in technology
Debbie Harms is the CEO of NAI Maestas & Ward Commercial Real Estate. How long have you been working in the industry? I have worked in commercial real estate since 1991. Before that, I worked in commercial construction. When did you know you wanted to work in contracting/real estate? Since I was a kid. I have always been…
Read Full ArticleGymnastics academy lands 32,700-square-foot building
A 32,700-square-foot building has a new owner and will soon be home to tumbling tots and gymnasts. Sandia Acrobatic Gymnastics Academy has bought a building at 3400 Candelaria Road Northeast, according to NAI Maestas and Ward Director Shelly Branscom. The sales price was listed at $2.1 million – about $64.22 per square foot. Branscom, along…
Read Full ArticleTaos hotel on market for $4.9 million
A historic Taos property on the market saw a price drop Monday. Hotel La Fonda de Taos is now listed at $4.99 million coming down over $500,000. The 25-room hotel is the “only hotel on the Taos Plaza,” according to NAI Maestas and Ward listing agent Jim Hakeem. And the property has a long history…
Read Full Article5 questions with CARNM’s REALTOR of the Year
Jim Wible, 57, was named Commercial Association of REALTORS New Mexico’s “REALTOR of the Year” for 2017 – an award he said emphasizes more than just real estate. Wible, director at NAI Maestas and Ward, said the award recognizes real estate professionals that are active in their community and want to give back. He found out…
Read Full ArticleSandia Science & Tech Park tenant set to leave
A tenant at Sandia Science & Technology Park will be leaving next year and downsizing by about 5,000 square feet. Associate Principal Engineer Eric Austin said Moog Inc.’s Albuquerque site will be leaving the tech park – which is affiliated with Sandia National Laboratoriesand adjacent to Kirtland Air Force Base – at the end of January. Both Moog-CSA and the…
Read Full ArticleDeal of the Week: New retail takes shape near Cottonwood
The skinny Ground has broken on a new retail development at 10301 Cottonwood Park NW, which is expected to be completed in January. The numbers An 8,526-square-foot building will offer space to retailers and restaurants at that spot. NAI Maestas and Ward – No. 2 on our Commercial Real Estate Firms List – is the leasing broker…
Read Full ArticleMovers and shakers join commercial real estate org’s board of directors
CREW NM Announces 2018 Board of Directors Commercial Real Estate Women New Mexico has announced some new faces who will be taking the reins at the professional organization. Commercial real estate professionals, meet CREW’s new board of directors for 2018: President: Justine Deshayes, principal business relationship manager with Wells Fargo Bank President-Elect: Michelle Franks, CFO for Studio Southwest Architects…
Read Full ArticleNew retail development underway near Cottonwood
Cottonwood Mall is getting a new retail neighbor. NAI Maestas and Ward Advisor Thalia Toha told Albuquerque Business First ground has broken on a new development at 10301 Cottonwood Park NW. It is expected to be completed in January. On the once-vacant land, a 8,526-square-foot building designed by Jeremy Ortizwith Darren Sowell Architecture will be the new home to…
Read Full ArticleWhat Albuquerque wants in office space
Location, location, location. Americans will spend an average of 1,790 hours a year at work, according to 2014 data from the Atlantic. Based on this number, it’s reasonable that finding the right office space is akin to finding the right house. People aren’t just considering square footage, parking and desk placement anymore when hunting for…
Read Full ArticleUPDATE: Buffalo Wild Wings’ taco co. to make New Mexico debut
“R Taco’s market entry into NM validates the fact that fast-casuals remain a strong segment of the retail & restaurant market. Having worked with R Taco in identifying sites for their launch, it is evident that while many primary markets nationwide are beginning to see saturation, there is still opportunity in the NM food scene, …
Read Full ArticleOld El Vado Motel gets new Ponderosa taproom
ALBUQUERQUE, N.M. — The El Vado Motel and Casa Grande properties are trading in the chain link fence for a wall of beer taps. Construction is coming along at the site of the former El Vado Motel on Central, across from the ABQ BioPark, and the new El Vado Taproom is scheduled to open “in…
Read Full ArticleHow Amazon-Whole Foods sale could impact NM’s grocery stores
News broke Friday that Amazon (Nasdaq: AMZN) has agreed to pay $42 per share in cash for Whole Foods (Nasdaq: WFM), or about $13.7 billion. Though Albuquerque grocers said it may be too soon to tell if the move means more or less customers for Whole Foods, they said they remain optimistic that the impact won’t…
Read Full ArticleConstruction moves forward on El Vado, Casa Grande sites
ALBUQUERQUE, N.M. — Construction is moving forward on the long-awaited restoration of the El Vado Motel as well as redevelopment of the former Casa Grande site. Crews have been active for several months on both work sites, reports Rick Davis, an Albuquerque residential and commercial builder and executive director of Family Housing Development Corp., a…
Read Full ArticlePricey condos top off Uptown mixed use project
ALBUQUERQUE, N.M. — The team behind The 24s@Uptown hope the mixed-use project, where several luxury condominiums and office spaces are for sale, will launch a wave of redevelopment in the area. The investors have updated the entire fourth floor, where six residences are selling in the $470,000 to $830,000 price range. Four have been purchased…
Read Full ArticleCity’s ABQ land sale aims to spark redevelopment
ALBUQUERQUE, N.M. — Mayor Richard J. Berry said Thursday he hopes to spark redevelopment in Southwest Albuquerque by offering 6.6 acres of city-owned land to developers, perhaps for retail uses. The city hopes to transform a swath of vacant land on the northwest corner of Unser Boulevard and Central through a sale or a long-term…
Read Full ArticleLas Estancias benefits long-underserved area
ALBUQUERQUE, N.M. — Las Estancias, the massive mixed-used commercial development in the South Valley, is expecting to welcome more newcomers this year. Once considered an underserved trade area in need of retail, medical, entertainment, banks and other business services, Las Estancias so far has generated 150,000 square feet of new construction at the site near…
Read Full ArticleLas Estancias attracts medical clinics
ALBUQUERQUE, N.M. — For many South Valley consumers, visiting the doctor’s office, knocking out grocery lists and making a Starbucks run can now be done in nearly one fell swoop. Las Estancias, the $70 million retail development near heavily trafficked Rio Bravo and Coors boulevards, includes not only a Walmart, restaurants and other retailers, but…
Read Full ArticleClayton King promoted to Senior Director
When you follow your own road and believe in yourself, you can accomplish great things. This isn’t the only path to victory; however, it is a tried and true, tested and affirmed means to success. As we stand at the door of a new year, we need to pause for a moment to congratulate one…
Read Full ArticleBlaze Pizza ready to fire up Albuquerque
Red-hot Blaze Pizza is heading our way. The country’s fastest-growing restaurant chain expects to open its first Albuquerque location next year in a new retail development near San Pedro and Paseo del Norte, according to the chain’s local franchisee, Yogesh Patel. Construction on the project is already underway on Holly Avenue, behind Chick-fil-A. One of…
Read Full ArticleNew 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…
Read Full ArticleLocal coffee company opens first drive-thru location to compete against Starbucks
You now have a new stop on your way to work to get your morning caffeine. New Mexico Piñon Coffee Co. opened its first drive-thru location at 5222 4th St. NW. It’s the locally-based coffee producer’s second store in Albuquerque. The new shop will serve New Mexico Piñon Coffee’s house-made coffee, such as its dark…
Read Full ArticleSouth Valley’s first Starbucks joining high-profile development
Starbucks aggressively expanded in the Albuquerque market last year, with activity on at least five new stores in several neighborhoods throughout the city. But one area the Seattle-based company hadn’t ventured yet was into the South Valley. The closest location was Downtown. Now the developers behind Las Estancias, the $70 million retail development near Rio…
Read Full ArticleNAI 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…
Read Full ArticleWomen Breaking the Glass Ceiling
Meet the women breaking the glass ceiling at NM commercial real estate groups Next year, women will take the helm of five major commercial real estate organizations in New Mexico, proving women are making strides in what has been known as a male-dominated industry. NAIOP New Mexico, a commercial real estate organization that has become…
Read Full ArticleChipotle pushes forward with ABQ expansion
Chipotle pushes forward with ABQ expansion despite slowdown in new stores With Chipotle Mexican Grill still struggling to bounce back from its foodborne illness outbreaks last year, the company’s second quarter same-store sales didn’t recover as quickly as its execs expected. Chipotle reported average unit volume sales are down to $2 million, compared to $2.5…
Read Full ArticleThe 24s @ Uptown
Uptown building to become condos, retail An 86,000-square-foot office building in Albuquerque’s Uptown area will be transformed into luxury residential condominiums and a mixed-use project. The office building, 2424 Louisiana Blvd. NE, is under a new local ownership group and they have big plans for the building that will add more housing to the…
Read Full ArticleWestside project to transform Coors
Westside project to transform Coors gas station into retail — including a big restaurant name Construction crews have been ripping up a former Westside Albuquerque gas station and Midas auto care location on the southeast corner of Coors Boulevard and Tucson Road. In its place will be a new 12,000-square-foot retail center. The project, to…
Read Full ArticleCRE 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…
Read Full ArticleFood truck has plans for Nob Hill’s former Shade Tree space
Nob Hill’s forthcoming restaurant Pete’s Frites may have hamburgers on its menu, but it’s not just any old burger joint. In fact, the new restaurant, which will open mid-summer, said it wants to be known for a menu item often given second thought—the french fry. Maria and Peter Gabriele started Pete’s Frites as a food…
Read Full ArticleNob Hill gets chef Jennifer James, new retail development
ALBUQUERQUE, N.M. — The heart of Nob Hill is getting some new blood. A pair of the neighborhood’s high-profile retail storefronts are being rejuvenated, with chef Jennifer James moving her operation to the former Elsa Ross boutique and a local real estate company purchasing the old Kurt’s Camera Corral with plans for redevelopment. James and…
Read Full ArticleCalif. tile company to open showroom in ABQ
ALBUQUERQUE, N.M. — A California-based tile and stone company has purchased 4½ acres in Albuquerque’s Renaissance area for a new 50,000-square-foot development that will feature its first New Mexico showroom and space for up to three more tenants. Bedrosians, an independent porcelain and tile importer, distributor and manufacturer with more than 35 locations around the…
Read Full ArticleNM Piñon Coffee expanding into new facility
ALBUQUERQUE, N.M. — New Mexico Piñon Coffee Co. is gaining ground. On Thursday, the homegrown Albuquerque business announced that it is expanding to a new warehouse facility at 2420 Comanche Road NE this May. “This is a big expansion for us,” said Allen Bassett, president of the company, which roasted 1 million pounds of coffee…
Read Full ArticleCommercial real estate really is a viable career for all
Read what Debbie Harms, CEO of Maestas & Ward, really has to say about commercial real estate as a viable career for anyone of any age… including members of the millennial generation. Commercial Real Estate has a large barrier to entry in that it takes about two years of hard-working, 15 hour days before you…
Read Full ArticleNAI Maestas & Ward promotes 26-year-old to director — youngest ever
Clayton King got the attention of the Albuquerque business community in the summer of 2014 when he stole the show a bit at a packed NAIOP-New Mexico luncheon event. The motivated young professional introduced, to many for the first time, the spending power of the millennial demographic. He drove home the significance of their spending…
Read Full ArticleUniversity’s support center will be downtown, at least for now
Rapid City, S.D.-based National American University, whose plan to hire hundreds at a new support center in Albuquerque, has a “handshake agreement” to lease about 4,000 square feet of temporary starter space at First Plaza Galeria in Downtown, according to Gemini Rosemont Commercial Real Estate. The university is still looking at Albuquerque’s office market for…
Read Full ArticleExclusive: Jefferson Green II could break ground next year
It’s starting to be nearly a decade since Albuquerque has seen a significant office building development rise from the ground. But the city could see at least two such projects in 2016. One is Independence Square, an office development in the North I-25 corridor, proposed by ARGUS Investment Realty president Scott Throckmorton. Throckmorton thinks the…
Read Full ArticleBusiness First relocating to Class A office tower
Albuquerque Business First will move from its Downtown offices in December to a 10-story Class A office building — Two Park Square — in the Uptown corridor. Business First signed a five-year lease for about 4,000 square feet in the complex, located at 6565 Americas Parkway NE. Candace Beeke, who joined Business First as publisher…
Read Full ArticleMaestas: It’s about jobs
Philanthropy is usually associated with things like the arts, education and the environment, but the field of charitable giving has been broadened to include economic development by the Albuquerque Community Foundation. “If we create jobs in this community, it will solve every other problem we have,” prominent local businessman and foundation trustee Steve Maestas told…
Read Full ArticleMore development on tap for Central corridor between Old Town, Downtown
A steady swell of activity is slowly changing the face of Central Avenue between Old Town and Downtown, and now another property owner is joining the wave. Owners of a vacant lot near 14th and Central NW have plans to build a new 5,000-square-foot building for future use by restaurant and retail tenants. Jim Hakeem…
Read Full ArticleEast Albuquerque has a new brewery—Quarter Celtic Brew Pub
It may be hidden from the main road and away from the typical brewery corridor, but the owners of Albuquerque’s next brewery say a trip off the beaten path to their new brew pub will be well worth it. Brothers Ror and Brady McKeown with business partners David Facey and Lee Jay Wilson will open a…
Read Full ArticleA retail desert no more
In the heat of a summer afternoon last week, heavy machinery beeped and coursed around Carmike Cinemas’ under-construction, 12-screen movie theater at Coors and Rio Bravo. Nearby, a two-man crew positioned a sign for a forthcoming Sushi King restaurant. In the meantime, gym-goers broke a sweat at the area’s new Planet Fitness, and cars queued…
Read Full ArticleReal 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…
Read Full ArticleRad(ish) opens Downtown Albuquerque
CuppyCakes duo opens restaurant Cami Jones and Alexis Dowling are doing to breakfast and lunch what they’ve done to dessert – make it a little bit healthier. The duo behind CuppyCakes – a line of low-calorie, bite-size frosted treats – have expanded their repertoire with a new Downtown restaurant. Rad(ish) – which uses the tag…
Read Full ArticleReport 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…
Read Full ArticleEast Downtown MMA facility takes shape — looks for restaurant, retail operators
The Jackson/Wink MMA fighting and training facility in Albuquerque’s East Downtown is beginning to take shape. The mats are in, a second octagon is on its way and some of the facility’s living units have been rented out. Coaches Greg Jackson and Mike Winklejohn are behind the new center, located on the northeast corner of…
Read Full ArticleLas Estancias Development Update
Restaurant interest increases as construction on South Valley movie theater hits midpoint Albuquerque residents or visitors driving by the Las Estancias development in Albuquerque’s South Valley may have noticed a massive structure taking shape. It’s the new 47,000-square-foot Carmike Cinemas (Nasdaq: CKEC) movie theater — the first such amenity in the South Valley in recent…
Read Full ArticleMillennials 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…
Read Full ArticleGandyDancer 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…
Read Full ArticleHardscrabble tale charms luncheon (Albuquerque Journal)
More than 500 people listened to a story evocative of New Mexico’s dusty and rural past about a woman’s hardscrabble contribution to the state at Thursday’s quarterly investor’s luncheon of Albuquerque Economic Development. Told by Debbie Harms, CEO of commercial real-estate services firm NAI Maestas & Ward, the story recounted how a young widow named…
Read Full ArticleInvestors offer free land on Albuquerque’s west side to right employer
Watch – Jim Wible’s Interview on Watch KOB 4 Eyewitness News Some investors are offering up acres of land near Paseo del Norte for free, so long as they go to the right employer. The west side of Albuquerque has been built up big time with housing developments, but large employers haven’t quite kept up. “This…
Read Full ArticleRICHIE 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…
Read Full ArticleNow 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…
Read Full ArticleGOVERNOR 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…
Read Full ArticleCafe 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…
Read Full ArticleLa Monica Shops seeing activity
South Valley Sees Opening of Two New Stores La Monica Shops, located in the southeast quadrant of Coors and Rio Bravo, has signed leases with two new tenants. The South Valley is now home to Smiles for Kids Dentistry and the Cash Store. With close to 41,000 households, the South Valley has been one of…
Read Full ArticleBarber’s Knock Answered
Traditional Barber Shop is Open for Business New Mexico native, Meshelle Alonzo, is opening a full service barbershop in the north heights at San Pedro Plaza. Meshelle Alonzo is a first time small business owner with the desire to offer the services of an old fashioned barber shop. The Barber’s Knock will offer hot shaves…
Read Full ArticleCircle K takes interest on the West Side
Circle K Plans to Open at Bridge and Old Coors With just over 2.27 acres of land on the southwest corner of Bridge and Old Coors, Circle K plans to become the new neighbor. Known for their “On Your Corner. In Your Corner” community service perspective, Circle K plans to open on the corner of…
Read Full ArticleHouse of Football coming to Rio Rancho
House of Football is about to open another door. By Jessica Dyer / Journal Staff Writer PUBLISHED: Tuesday, June 24, 2014 at 7:07 am The locally owned NFL fan store formerly known as Krystal’s will expand with a Rio Rancho location this summer. The new shop will go into Country Club Plaza at 3301…
Read Full ArticleNew High School Charter Opening
Explore Academy Brings New Perspective to Charter Schools New charter school aims to include the student and the community perspective throughout the learning process. The new Explore Academy leased over 30,000 square feet near Osuna and I-25. The Founder and former teacher, Just Baiardo, realized the need for a bottom up philosophy, which is…
Read Full ArticleDiller, Flanagan head new Maestas & Ward investment arm
as seen in Albuquerque Business First Rich Diller says even though Albuquerque real estate has seen recessionary fits and starts, it has proven to be a good investment. Out-of-state buyer groups are investigating the Albuquerque market, he said, in some cases for the first time ever.“People are looking for a return, and often…
Read Full ArticleGannon Coffman Joins NAI Maestas & Ward
ALBUQUERQUE, NEW MEXICO – April 29, 2014 – NAI Maestas & Ward, a member of the world’s premier managed network of commercial real estate firms, announced today that Gannon Coffman joined the firm as a Retail Advisor. In this role, Gannon will primarily focus on the leasing and sale of retail commercial properties. Gannon…
Read Full ArticleAlbuquerque’s Shops on Menaul strip center sold
Albuquerque’s Shops on Menaul strip center sold Damon Scott Reporter- Albuquerque Business First | Dec 27, 2013, 9:50am MST A 16,200-square-foot strip center at one of Albuquerque’s busiest intersections has been sold. The Shops on Menaul, a nine-tenant retail center, was sold to Monarch Park LLC of California for an undisclosed amount. The property has previously been listed…
Read Full ArticleBrett Hills Appetite for Restaurant Deals and Skiing as seen in Albuquerque Business First
Broker has a real appetite for restaurant deals and skiing Damon Scott Reporter- Albuquerque Business First | Dec 27, 2013, 4:00am MST Albuquerque began its acquaintance with Brett Hills after he landed here from Easton, Pa., with a degree from Lafayette College. He came to New Mexico in part because the skiing options, wide open spaces and mountains…
Read Full ArticleCARNM names 2013 Realtor of the Year – ABQ Journal
CARNM names Realtor of the year, top deals By Richard Metcalf / Journal Staff Writer | 2 days ago Dave Hill, an office real estate broker and director at NAI Maestas & Ward, was named Realtor of the Year, while Colliers International swept the marketing deals of the year awards, at the Commercial Association of Realtors New Mexico…
Read Full ArticleNew Westside Pizza 9 Showcasing Gluten Free Pasta
NEW WESTSIDE PIZZA 9 SHOWCASING GLUTEN FREE PASTA The Third Westside Location Has Big Plans Written by: Stephanie Chang Enchantment Pizza Inc., Pizza 9 Franchise Owner, opened their first Pizza 9 location in October of 2012 and have just opened a third Westside location this October. With over 3,000 square feet, this location has already been…
Read Full ArticleCalder Conrad joins NAI Maestas & Ward
Calder Conrad recently joined NAI Maestas & Ward as a real estate professional specializing in retail properties. Calder was previously a Finance Manager for Sandia BMW and is dedicated to producing superior outcomes. He has provided proven results in the financial arena and has an avid business skill set. His enthusiastic approach, will bring a…
Read Full ArticleCalibers Range is Getting Larger
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…
Read Full ArticleThe Mother of All Boot Camps
Strollers, Sweat, and Calorie Burning, Oh My! Written by: Stephanie Chang Ready to amp up its first physical location, this well established franchise hits the road with strollers; providing various fitness classes. Meghan Pflepsen is an ACE (American Council on Exercise) certified group fitness instructor who loves staying fit and has been running Baby Boot…
Read Full ArticlePresidential Plaza Gears Up for the Opening of SWEAT Yoga
Yoga Classes Will Be Held in 1,900 Square Foot Studio Written by: Stephanie Chang It has been just over four months since the lease signing and the interior design work is complete at SWEAT Yoga Studio. On schedule to open, this 4,500 square foot space includes the 1,900 square foot studio, a day care, high…
Read Full ArticleAfter Hours Pediatrics To Open Fourth Location
Written by: Stephanie Chang Local Pediatric Center Expansion Provides New Option for Rio Rancho Parents New Mexico’s fastest growing city is soon to become the home of After Hours Pediatrics. Before long, After Hours Pediatrics will provide a full range of pediatric primary care services in the heart of Rio Rancho. Combining primary and after-hour…
Read Full ArticleCapstone Targets Students for Cottage Style Housing
Developer creating “Cottages of New Mexico” near UNM Community being developed targeted at college students. This urban community is not your average complex. Already taking lease applications, Capstone Collegiate Community, is located just east of Interstate 25 and Gibson. The Alabama based developer has been extremely successful and developed over $3 billion in projects nationwide….
Read Full ArticleThe Tale of Two Cycles
Dr. Peter Linneman, NAI Global Chief Economist “They were the best of times, they were the worst of times; each with too much supply in the face of cyclically low demand. Just as in Dickens’ Tale of Two Cities, every real estate cycle is the same, yet every cycle is different,” Dr. Peter Linneman stated…
Read Full ArticleStone Age Dominates Albuquerque Market
Local Climbing Gym Relocates to Accommodate Growing Enthusiasts Written by: Stephanie Chang Stone Age Climbing gym, Albuquerque’s largest climbing gym, will soon be located just off Interstate 40. Major renovations will completely transform the building once occupied by Spa & Billiard World. Once completely polished, Stone Age will be New Mexico’s state of the art…
Read Full ArticleSmall Animal Hospital Grand Opening
La Cueva Animal Hospital Seeks to Enrich Pet Health Written by: Stephanie Chang On Saturday, July 27th the Grand Opening of the La Cueva Animal Hospital will take place. Not only will there be great giveaways, but there will also be treats for pets and humans. Forbes ranked Albuquerque 3rd for America’s Most Pet Friendly…
Read Full ArticleFiesta Yarns Spreading Its Colors
Local Yarn Dyer of Thirty Years Relocates Written by: Stephanie Chang The Village of Corrales is known for its agriculture and proximity to the Rio Grande River. Surrounded by nature, it is no wonder that a local yarn dyer emerged from this serene place. Wool dying was established in Rome around 715 BC and the…
Read Full ArticleDriving School Focuses on Education
Drivers Ed Opens Near Cottonwood Mall Written by: Stephanie Chang Jenkins Drivers Ed creates strategy surrounding involved students, expanding operations. Education has become the forefront of many topics in the Albuquerque area. Jenkins Drivers Ed realizes the importance extra-curricular activities play on graduation rates. Its class schedule is flexible and works with students if they…
Read Full ArticleInnovative Moving is Moving
Commercial Moving Company Doubles Its Space Written by: Stephanie Chang Innovative Moving Systems is taking its operations to a new height. This company is stretching the notions of commercial moving with its fresh framework. Created by New Mexico natives, Wayne and Chase Moss, Innovative Moving Systems was founded just over two years ago. Featured in…
Read Full ArticleEncompassing Technology; Making a Better City – CH2MHill
CH2MHill Maintains the Whole Lifecycle Written by: Stephanie Chang Helping to improve and grow industry in Albuquerque, CH2MHill is focused on sustainability. Being a global leader in consulting, design, operations and program management, as well as consultation, CH2MHill is now home to 7,639 square feet located just off Jefferson and Paseo del Norte. Aside from…
Read Full ArticleApplebee’s Coming Soon to Coors and Montano
New Applebee’s Location to Open This Year Written by: Stephanie Chang With the summer’s longer days and great weather coming, Applebee’s plans to bring its Fresh Flavors of Summer to the Taylor Ranch area. Applebee’s newly revamped locations are doing well in the Albuquerque area, and soon the opening of a ninth location at the…
Read Full ArticleFirst Rate Sweet Treat Concept Opens
Family Owned Baked Good Concept Incorporates Gelato Written by: Stephanie Chang Oh My Sweet Cravings is stepping outside the normal everyday drive-thru options in Bernalillo. Located just off 550 in Bernalillo, Oh My Sweet Cravings is stepping up with a new sweet treat concept. This family owned business has creations for gelato and cupcakes that…
Read Full ArticlePrivate 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…
Read Full ArticleAlbuquerque comes together to raise over $7000.00 to aid victims in Boston
Over 500 Runners Participated in the Boston Marathon Relief Run Written by: Stephanie Chang Albuquerque, New Mexico – April 22, 2013 – In an effort to help those impacted by the tragedy in Boston, the citizens of Albuquerque joined forces to raise funds for victims by running in the Boston Marathon Relief Run. Albuquerque Running…
Read Full ArticleAlbuquerque Publishing Company Building Sold
Written by: Stephanie Chang Albuquerque, New Mexico, March 20, 2013 – An Albuquerque downtown mainstay sold by the Albuquerque Publishing Company. The Albuquerque Publishing Company is the production and distribution agent for the Albuquerque Journal and has been serving New Mexico since the 1880’s. It recently sold its 5,950 square foot building located at the…
Read Full ArticleIncrease in Housing in the Albuquerque Metro
Written by: Stephanie Chang Albuquerque, New Mexico – February 25, 2013 – New residential mortgage lender will start servicing the Albuquerque area as of March 1st, 2013. Lewallen Mortgage will be located just east of San Mateo and north of the Arroyo del Oso Golf Course in the Academy Office Park. This location is close…
Read Full ArticleCommissioner Art De La Cruz, Community Leaders Break Ground on Las Estancias Commercial Development
Issued by Bernalillo County, Andrew Lenderman February 16, 2013 Hundreds of New Jobs, More Services Planned for South Valley Bernalillo County – Commissioner Art De La Cruz and community leaders today broke ground on a major commercial construction project that aims to bring hundreds of jobs and new services to the South Valley and the Southwestern…
Read Full ArticleAlgodones, NM Sees Rise in Real Estate Activity
Algodones, New Mexico – February 12, 2013 – As the trend in commercial real estate stays steady the small town of Algodones, New Mexico peaks in commercial real estate transactions. Algodones, New Mexico recently had three acres of land sold on January 31, 2013. This property was on the market less than three months and…
Read Full ArticleU.S. 8th Largest Mortgage Lender Sees Growth in Albuquerque
Written by: Stephanie Chang Albuquerque, New Mexico –February 1, 2013 – As the downward trend in home sales comes to an end, this mortgage lender is ready to utilize its trending technology to effectively serve the rise in clients. Sierra Pacific Mortgage Company has been successfully operating in Albuquerque for over 26 years. They are…
Read Full ArticleImmigration attorneys expansion in Albuquerque
Maney|Gordon, Attorneys at Law Proclaim the Relocation of their Albuquerque Office. Albuquerque, New Mexico – January 9, 2013 – New business growth and office space leasing activity in the Gibson and Yale area were led by Maney|Gordon, Attorneys at Law, a company with over 35 years’ experience specialized in immigration law. Maney|Gordon, Attorneys at Law…
Read Full ArticleErik Olson, CCIM | Silver Moon Lodge site plans to be discussed | KOB Eyewitness News 4 | December 10, 2012
Silver Moon Lodge site plans to be discussed Posted at: 12/10/2012 4:46 PM | Updated at: 12/10/2012 6:26 PM By: Chris Ramirez, KOB Eyewitness News 4 There is a plan to replace what once was the Silver Moon Lodge at Central and 10th near Downtown Albuquerque. The plan calls for a 151-unit apartment complex, holding…
Read Full ArticleDeveloper 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
Read Full ArticleScalo Moves to Paradise
Steve Paternoster, Owner/Operator of local favorite Scalo Northern Italian Grill, has announced a change of scenery for his business offices. A recent purchase of 4209 San Mateo NE moves the business offices from their current location on Ellison to the well known home of Paradise Village, a local electronics retailer, on San Mateo just south…
Read Full ArticleLocal Preschool and Childcare Center Opens Fifth Location on ABQ West Side
The summer is just getting started, but for many parents, the coming school year and many child care decisions that go with it are already looming. For families on Albuquerque’s West Side, a new child care option might be just the solution. ABC Preschool recently leased two free standing buildings at Paseo del Norte and…
Read Full ArticleNew Clinic Focuses on Full Service Care for People with Autism and Caregivers
The quiet southeast corner of Seagull Street and Osuna is soon to become the home of Stimulating Minds Autism Clinic. Set to open their doors on August 1, Stimulating Minds Autism Clinic is poised to provide a variety of services to patients and caregivers alike. From applied behavioral analysis, social skills groups and educational resources…
Read Full ArticleDos Hermanos Re-Opens in the Duke City
Dos Hermanos is back! The popular New Mexican restaurant is re-opening its doors in the Market Place at Journal Center on Jefferson near Paseo del Norte. Dos Hermanos opened in New Mexico in the 1990’s and served a wide range of New Mexican favorites to devoted fans. In November 2011, after struggling through the poor…
Read Full ArticleHanover Business Park Approaches 100% Occupancy
Hanover Business Park, a recent commercial development in Albuquerque’s West Mesa area, is steadily reaching occupancy. The newest lease, signed for 2,212 square feet of space, represents 89% occupancy in the first phase of construction, and a beautiful new home for New Life Tabernacle Church. Hanover Business Park is being developed in three phases, the…
Read Full ArticleNAI Maestas & Ward Broker Assists Los Cuates with Westside Expansion
A very successful Albuquerque restaurant is expanding its operations to the Westside of the Metro area. Los Cuates recently purchased the building formerly occupied by Copeland’s New Orleans Style Restaurant. “This was a very successful location for many years and will be successful in the future as Los Cuates which is a proven Mexican food…
Read Full ArticleSenior Advisor Broker Erik Olson Assists Planet Fitness With Rio Rancho Expansion
Planet Fitness has contracted for the purchase of the 20,000-square foot building formerly occupied by the JC Penney Call Center in Rio Rancho, according to Erik Olson, a senior advisor at NAI Maestas & Ward, who is brokering the deal. “This is a perfect location for Planet Fitness and purchasing the property makes sense as…
Read Full ArticleLocal Entrepreneurs Open Neighborhood Pizzeria
A new concept in pizza is coming to Albuquerque. Marino’s Pizzeria is scheduled to open in December 2011 at a location that should prove to be very beneficial for business–across from Sandia Prep High School. The pizzeria will occupy a 2,000 square foot space at 585 Osuna Rd NE. “Michael Murphy and Mike Ahlers are…
Read Full ArticleSushi King Opens 1st Rio Rancho Restaurant
ALBUQUERQUE, NM, August 12, 2011–A successful Albuquerque restaurant, Sushi King, has opened its first Rio Rancho location at 1121 Unser Blvd. SE. Sushi King’s owner, Cathy Punya, has three restaurants in the Albuquerque metro area and is now leasing space at Southern and Unser for her Rio Rancho expansion. “This is a great location for…
Read Full ArticleExciting Opportunity for Albuquerque Real Estate Development
The City of Albuquerque, Peak Hospitality, LLC and NAI Maestas & Ward Commercial Real Estate have joined forces to tear down the Silver Moon Lodge and create new opportunities for the 1.3 acre site located at 918 Central Avenue on the corner of 10th Street and Central Avenue. “Downtown lacks prime land to develop anything…
Read Full ArticleIHOP Joins Dion’s in Cabezon Commons
Steve Maestas, Managing Partner of NAI Maestas & Ward Commercial Real Estate, announced today that IHOP recently purchased a parcel of real estate, directly north of Dion’s Pizza, in the Cabezon Commons development at the intersection of Cabezon and Unser boulevards, just south of Southern Blvd. in Rio Rancho. Both restaurants feature family dining in…
Read Full ArticleSale of Assisted Living/Church/Retreat Facility
Steve Maestas, Managing Partner of NAI Maestas & Ward Commercial Real estate, announces the sale of the former Spiritual Renewal Center at 6400 Coors Blvd, NW to the Episcopal Diocese of the Rio Grande. The 2-building complex is situated on 4.5 acres in the scenic Rio Grande Bosque. It offers fully landscaped grounds with a water…
Read Full ArticleAfter Hours Pediatrics Begins Construction on Third Location
After hours Pediatrics has begun construction on its third location in the Albuquerque area, at Paseo Place (Northwest corner of Paseo del Norte and San Pedro). After Hours Pediatrics is a unique practice specializing in traditional child care and acute care services available in the evenings, on weekends and during holidays (by appointment). This new…
Read Full ArticleSale of University Towers Successful
NAI Maestas & Ward Announces Sale of University Towers, 1650 University Blvd, NE. John M. Henderson III, CCIM, Director at NAI Maestas & Ward, has negotiated the sale of University Towers at 1650 University NE for The Regents of the University of New Mexico which closed on November 19, 2010. “After 18 months of work…
Read Full ArticleRio Rancho City Center Seeing Growth
UNSER AND MAIN: With the opening of Presbyterian Hospital scheduled for November, 2011, and the UNMH Hospital in Rio Rancho City Center breaking ground soon, read more, the entire Unser corridor is seeing a dramatic increase in interest and activity. Premier Theaters recently closed on the property at Southern and Unser to build a 12…
Read Full ArticleChipotle 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
Read Full ArticleNew Ross Dress For Less Opens In NE ABQ
NAI Maestas & Ward is excited to announce the grand opening of Albuquerque’s newest Ross Dress for Less at the SE corner of Juan Tabo and Menaul. Ross opened July 17th, 2010 after completely renovating the former Albertson’s/Raley’s grocery store in this shopping center. For more information call Steve at 505-878-0001.
Read Full ArticleAlbuquerque Ratings – AED Report
Albuquerque Economic Development released the latest rating and new company announcements. Ratings Albuquerque Ranked Among Forbes’ Best Places – Forbes, 2004 – 2010 Albuquerque Named Among “Best Bang for the Buck Cities” – Forbes, December 2010 Albuquerque Ranked 2nd Best City in the US 2009 – Kiplinger’s, July 2009 Albuquerque Named 6th Best City in…
Read Full ArticleStanford Clinic heading to new home
By Commercial Real Estate RICHARD METCALF Of the Journal Publication: Albuquerque Journal (New Mexico) Originally part of the commercial real estate portfolio of Boise, Idaho based DBSI Inc., which filed Chapter 11 a year ago, the property cleared bankruptcy court before the purchase was finalized, said listing agent Karen Hudson ofNAI Maestas & Ward Commercial…
Read Full ArticleHeritage health care to purchase new HQ
By Commercial Real Estate RICHARD METCALF Of the Journal Publication: Albuquerque Journal (New Mexico) Albuquerque-based Heritage Home Healthcare, with more than 1,200 employees, is lined up to purchase about three-quarters of a 48,400-square-foot “flex” office building at the Journal Center that’s been empty and available for more than a year. Founded in 1993 by Len…
Read Full ArticleAlbuquerque #2 Best City to Work
Albuquerque #2 Best City to Work – Kiplinger’s Personal Finance Renewable-energy and film industries fuel growth in our number-two pick. Population: 819,576 Income Growth: 7.8% Cost of Living Index: 98 Median Household Income: $45,634 Percentage of Workforce in Creative Class: 30% What Albuquerque wants, Albuquerque gets — and the city and state crave high-tech jobs,…
Read Full ArticleHospital 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…
Read Full ArticlePaseo Nuevo Office Complex is One of Albuquerque’s Many Success Stories
ALBUQUERQUE — The best office space in town is being snatched up, and fast. Case in point: Paseo Nuevo Office Complex in the North I-25 Corridor. Since opening to tenants last June, the five-story, 106,000-square-foot Class A office building near the intersection of San Pedro Drive and Paseo del Norte, Paseo Nuevo has surged to…
Read Full ArticleLocal Retail Center Purchased by Local Investor
ALBUQUERQUE — The purchase of a local retail center by a local investor that was financed by a local bank is a model for how New Mexicans are working together to further grow and energize its already strong economy. The Shops at Montaño, a neighborhood retail center located at the intersection of two of the…
Read Full ArticleMelrose Fashions Opens Its First Albuquerque Store
ALBUQUERQUE — Taking advantage of Albuquerque’s favorable economic climate and its large and vibrant Hispanic population, San Antonio, Texas-based discount fashion retailer Melrose has opened its 87 th store at Pro’s Ranch Atrisco Plaza, located at the intersection of Central Avenue and Atrisco Drive N.W. The 8,000-square-foot Melrose store features a wide array of affordable,…
Read Full ArticleAlbuquerque 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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