COVID-19 UPDATE: Designated as an essential business, we have remained open, sensible and proactive in our approach to ensure business continuity. We will continue to provide our clients and customers with updates and resources on the market and commercial real estate activity. To learn more, click here.

Posts by Frankie Hermosillo

Posted 26 May 20 By: No comments yet

Diligence, Perseverance and Attitude

In the course of a lifetime, we all face challenges when attainable goals we have set, become daunting and unachievable.  Life takes its turns, and if you don’t have diligence and perseverance to keep pushing forward, fate will turn its ugly eye, and failure will become the soulmate tied to your hip.  But what happens…

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Posted 08 May 20 By: No comments yet

May Property Inventory

To view the complete inventory click here

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Posted 29 Apr 20 By: No comments yet

Getting Back to Work: Preparing Buildings for Re-Entry

On April 16, 2020, the White House issued “Opening Up America Again,” federal guidelines to reopen the U.S. economy through a three-phase approach. State and local governments are also beginning to create their own frameworks to gradually lift stay-at-home orders, with important differences in each locality. In turn, employers should take steps now to prepare…

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Posted 23 Apr 20 By: No comments yet

Q1 2020 Santa Fe Market Report

Summary 2020 started with increased activity from prospects moving into higher quality office buildings. It was anticipated 2020 would be a great year for those properties focused on offering a high-quality product. The year started with a lease rate averaging $20.21 per square foot and a vacancy rate of 11.87%. A higher demand for smaller…

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Q1 2020 Retail Market Report

Summary The first quarter of 2020 began with retail activity from prospects moving into new construction; the majority of activity coming from restaurant and experiential users. Experiential concepts were a driving force in the retail sector of the Albuquerque MSA. National tenants such as Top Golf broke ground and Urban Air Park opened for business,…

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Q1 2020 Office/Healthcare Market Report

Summary The first quarter of 2020 began strong with over 40 office/healthcare transactions completed by the NAI Maestas & Ward Office Team. The market notes the most reported transactions continue to be areas with a heavy concentration of tech related fields. While showings at available properties have slowed at the end of Q1 due to…

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Posted 10 Apr 20 By: No comments yet

COVID-19 Business Resources

The team at NAI Maestas & Ward is committed and connected to our clients and community during these unique times.  We have been designated an essential business and as such will remain open, sensible and proactive in our approach to ensure business continuity. Our advisors and property managers are staying up to date with market…

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Posted 08 Apr 20 By: No comments yet

Q1 2020 Land & Industrial Market Report

Summary 2020 has picked up right where 2019 left off. Vacancy remains stable, hovering between 2.5% and 3.0% while lease rates continue a slow, steady ascent. Multiple new construction projects are in the works at 7901 Las Lomitas, 7410 Washington, and 3301 Candelaria to go with the recently completed office/ warehouse building at 4455 Anaheim….

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Posted 26 Mar 20 By: No comments yet

Supporting Small Business

Supporting small businesses within our community is as important as ever.  In addition to purchasing a portion of a tenant’s overstocked perishable inventory for our clients Elixir Boutique Chocolates, NAI Maestas & Ward has committed to purchase lunch from local restaurants for those still working in our office.  Dion’s, Jimmy’s Café, Dave’s Valley Grill, El…

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Posted 06 Mar 20 By: No comments yet

Cannabis-Friendly States Get A Boost in Commercial Real Estate

Already there are 33 states and the District of Columbia that have legalized marijuana use in some form. Many of these states, like New Mexico, allow for medical use. According to a recent article, dispensaries in New Mexico have sold more than one hundred twenty million dollars of medical marijuana in 2019. In that time, nearly…

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Posted 25 Feb 20 By: No comments yet

Expanding Horizons and Making Connections

Keith Meyer, CCIM, SIOR, recently expanded NAI Maestas and Ward’s real estate horizons with the referral though affiliated NAI KRAIN of Guanacaste, Costa Rica on a coffee and avocado farm in Grecia Costa Rica. Jeff Goode of NAI KRAIN will be the Listing Broker, working with owners Dave and Angela Wohlert on the sale of…

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Portland-based Facebook subcontractor to expand with ABQ office

By Ron Davis – Technology reporter, Albuquerque Business First February 7, 2020 Western Partitions Inc. is set to make its play in New Mexico by breaking ground on a new office space. The Portland, Oregon-based drywall contractor that worked on Facebook’s Los Lunas data center plans to expand its full-time New Mexico operations by breaking ground Wednesday…

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Posted 23 Jan 20 By: No comments yet

Q4 2019 Office/Healthcare Market Report

Summary Office rental rates continue to be strong during the 3rd and 4th quarters of 2019, with lease rates averaging $17.92 per square foot. Average vacancy rates are 17.2%, with high demand locations experiencing rates as low as 14%. While Albuquerque unemployment continues to mirror the national trend falling well below 5%, the skilled labor…

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Posted 21 Jan 20 By: No comments yet

It’s Not Just Amazon’s Fault | A Review

It’s Not Just Amazon’s Fault by Vitaliy Katsenelson | An Article Review We sat down with Retail and Multifamily Specialist, Isaac Romero who provides market and knowledge insight to all things financial in the Commercial Real Estate World for a review of the Retail  Sector to provide an additional perspective. To download and read the…

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Posted 16 Jan 20 By: No comments yet

2019 Q4 Retail Market Report

Summary Albuquerque retail markets improved in 2019. Net absorption was up despite store closures around town. Median asking lease rates remained around $14/SF while community centers are the only property type to record a higher lease rate. Activity in the Albuquerque MSA continues to grow with the most active sectors being the experiential retailers, which…

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Posted 31 Dec 19 By: No comments yet

Q4 2019 Land and Industrial Market Review

Summary As 2019 wraps up, the industrial vacancy rate in Albuquerque is still hovering at or near its historic low. The market appears to have stabilized as new vacancies are coming to the market at roughly the same pace as existing vacancies are absorbed. A scenario in which the vacancy rate drops significantly below its…

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Posted 19 Nov 19 By: No comments yet

2019 Las Estancias Update

  Excitement Grows as Las Estancias Continues to Bring a Variety of Retail to the South Valley The only constant in retail (and life!) is change. NAI Maestas & Ward has been helping our retail partners make sense of this change-driven economy for several decades. We understand how brands are reimagining their brick and mortar…

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Manufacturing Company Brings Operation to ABQ

By Collin Krabbe – Technology reporter, Albuquerque Business First November 7, 2019 For Massachusetts-based BioDirection, a company working to commercialize tech for detecting injuries from trauma, Albuquerque provided an ideal labor pool. The firm, founded in 2016, leased a 9,000-square-foot facility at 3841 Midway Place NE, where it plans to manufacture its medical devices. It…

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Posted 12 Nov 19 By: No comments yet

Rusty Taco to Open New Albuquerque Location

By Collin Krabbe – Technology reporter, Albuquerque Business First October 18, 2019 Dallas-based taco chain Rusty Taco is set to open a second Albuquerque location. The new digs will be around 3,000 square feet and an opening for the space will hopefully take place in January and it will employ around 25. The fast-casual restaurant serves various…

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Posted 08 Nov 19 By: No comments yet

CCIM 2019 Deal of the Year Over 1 Million Dollars

CCIM Deal of the Year 2019

On November 12, 2013, an Albuquerque business owner plead guilty to defrauding the Service-Disabled Veteran Owned Small Business Program (SDVOSB), a VA initiative that gives preferential treatment to veterans applying for federal contracts. By falsely claiming his stepbrother—who was in fact a disabled veteran—held an ownership stake in his company, he fraudulently secured $11 million…

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Posted 08 Oct 19 By: No comments yet

Local High-Tech Manufacturer Makes a Big Move

By Collin Krabbe – Technology reporter, Albuquerque Business First October 1, 2019 High-tech manufacturer 3D Glass Solutions held an event Tuesday celebrating its move to a facility several times larger than its previous one. And it may expand even more than originally planned. The company, which is slated to create up to 139 jobs over…

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Posted 30 Sep 19 By: No comments yet

Q3 2019 Land and Industrial Market Review

Summary The industrial vacancy rate continues to trend downward and has reached multiple historic lows in 2019. Since July, the rate has increased roughly 0.4% which can be attributed to the addition of several recently vacated properties. New construction has not contributed much to this increase as only two projects are actively underway. Median lease…

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Posted 09 Sep 19 By: No comments yet

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…

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The 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…

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Posted 26 Aug 19 By: No comments yet

DOE 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…

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Posted 23 Aug 19 By: No comments yet

3 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…

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Posted 13 Aug 19 By: No comments yet

A 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,…

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Posted 08 Aug 19 By: No comments yet

New 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…

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