Posts by Genieve S. Posen
Foreign 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 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 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 ArticleAs Demand for Parking Changes, CRE is Impacted
All across time, transportation has stood as a major factor in shaping civilizations. A culture’s mobility effects not only the daily lives of those who live there – but also the region’s contextual building plan. In our ever-advancing global society, new technologies are completely reshaping metropolitan and suburban design schemes. These trends extend all over…
Read Full ArticleBuilding up Santa Fe’s multifamily housing inventory
Story by: Teya Vitu | tvitu@sfnewmexican.com on April 20,2019 With as many as 2,155 apartment units either proposed or under construction in Santa Fe, observers have different views on what role these large projects will play in Santa Fe’s housing crisis. Or is it crises, plural? Santa Fe faces ultra-tight housing availability and high…
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 ArticleWE ASKED – How long does it take to do a deal?
By Juliana Vadnais, Albuquerque Business First | March 1, 2018 We Asked – How long does it take to do a deal? A real estate deal can take anywhere from a few days to complete to months and even years. There are many factors that go into the timeline of inking a real estate deal,…
Read Full ArticleFrom Animal Care to Footwear; A Successful Double Deal
3601 Eubank Blvd. NE, Albuquerque NM 87111 Nothing pleases us more than happy customers and today we celebrate advisors Dave Hill, CCIM and DJ Brigman for a job well done. Our office experts represented both the buyer and seller on the transaction of a 3,500 sq ft building on the corner of Eubank/Comanche. This highly visible…
Read Full ArticleFlagship Food Group adds up to 90 jobs as it expands its frozen food manufacturing in Albuquerque
ALBUQUERQUE, N.M., Oct. 11, 2018 – In response to the company’s projected growth in 2019, Flagship Food Group announced today that it will immediately begin adding up to 90 new positions at its food manufacturing facility in Albuquerque. The positions will begin in November and will support the plant’s second shift. “Flagship Food’s expansion signals that Albuquerque’s economy is on…
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 ArticleKirtland Partnership Committee taps new leadership
Three leaders have taken new roles with the Kirtland Partnership Committee, which is designed to help grow Kirtland Air Force Base. New board leaders include Jim Wible, who will serve as chairman; J. Brad Steward, chairman-elect; and Kevin Yearout as the committee’s treasurer. “The board is thrilled to support our new board leadership as we continue our mission to…
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 ArticleLive where you work in this newly listed $2.25 million luxury property
Want a luxury home but hate the commute? A newly listed property could solve that problem. NAI Maestas & Ward recently listed a mixed-use/commercial income property located at 5100 Juan Tabo Blvd. NE for $2.25 million. International artist Enrico Embroli and his wife Kathleen Kinkopf were the forces behind the project. It was built in 2004 and features unique…
Read Full ArticleLas Estancias looks to cast wide retail net
ALBUQUERQUE, N.M. — Las Estancias, the massive mixed-use commercial development in the South Valley, is expecting to welcome more newcomers this year and in 2019. High-profile national tenants on their way to the center include a well-known off-price retailer who has committed to a junior box site. Brokers would not reveal the name of the…
Read Full ArticleBroker takes CCIM reins
Shelly Branscom, a director of NAI Maestas & Ward commercial real estate company, has another job in 2018: taking the reins as president of the Certified Commercial Investment Member chapter of New Mexico. She said CCIM New Mexico provided a significant amount of mentorship, guidance and support to her as a young broker.” It is…
Read Full ArticleCongratulations Dave Hill, Senior Director
“As we all go through life we make decisions about paths to take which may or may not work out in our best interest. We often face these decisions armed with only the knowledge of our capabilities and our own conviction. Strength of fortitude and sheer willpower are what get us through the trying times,…
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 ArticleBlaze Pizza sets opening date for Coronado Center
Albuquerque’s Uptown area is becoming quite the hub for new restaurants. And Blaze Pizza will be adding to that hub this week. Senior Director with NAI Maestas and Ward Clayton King, who represented Blaze, said its Coronado Center location will have a soft opening Thursday and host a grand opening to the public Friday. Blaze and The Container…
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 ArticleShelly Branscom advances to Director
We all plan, create and implement our careers and over a life-time, we are able to see those careers blossom into feats of accomplishment and pride. Occasionally, some of us are afforded opportunities to have two, or more, really great careers. Shelly Branscom is one of the individuals who has been blessed with this occurrence in her…
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 ArticleTwenty Years of Success
Stop for just a minute and think back to what you were doing 20 years ago. For some, grade school, playgrounds, snacks and naps were the order of the day. For some, new lives with new spouses and young families, bicycles, strollers and parent teacher conferences filled your evenings and weekends, while career building 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 ArticleReal 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…
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 ArticleTodd Strickland
ALBUQUERQUE, NEW MEXICO – July 16, 2015 – NAI Maestas & Ward, a member of the world’s premier managed network of commercial real estate firms, announced today that Todd Strickland has been promoted to Senior Advisor. Todd joined NAI Maestas & Ward as an Advisor in 2011 and specializes in the lease and sale of Office…
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 ArticleLocal Entrepreneur Opens Cigar Shop
Christopher’s Mainstay Set For Grand Opening This July Microbreweries poured passion and momentum into Christopher Mains’ unique cigar shop concept, which includes a shave. After over two decades in the IT industry, Christopher Mains disconnects from the technology scene and exhales his new Cigar Shop & Lounge into the intersection of Golf Course and Irving….
Read Full ArticlePartners grow Einstein’s franchise base in Albuquerque area
Jun 5, 2014, 12:20pm MDT Damon Scott,Reporter-Albuquerque Business First Partners Mike and Natalie Palmer and Shirley A. Fite inked a deal this week for an Einstein Bros Bagels franchise location at Albuquerque’s Riverside Plaza shopping center. Partners Mike and Natalie Palmer and Shirley A. Fite inked a deal this week for an Einstein Bros Bagels…
Read Full ArticleSteve Kraemer Joins NAI Maestas & Ward
ALBUQUERQUE, NEW MEXICO – May 23, 2014 – NAI Maestas & Ward, a member of the world’s premier managed network of commercial real estate firms, announced today that Steve Kraemer joined the firm as an Office Advisor. In this role, Steve will primarily focus on the leasing and sale of office commercial properties. Steve Kraemer…
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 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 ArticleSteve Maestas | Maestas named to Federal Reserve Bank Board | NM Business Weekly | December 3, 2012
Maestas named to Federal Reserve Bank Board Steve Maestas, the managing partner of NAI Maestas and Ward Commercial Real Estate, will serve as deputy director of the bank’s board in 2013. New Mexico Business Weekly by Dennis Domrzalski, Reporter Date: Monday, December 3, 2012. Maestas, the managing partner of NAI Maestas and Ward Commercial Real Estate,…
Read Full ArticleAlternative Health Concepts Outgrows Its Location
Written by: Stephanie Chang With the upward trend of individuals seeking healthier lifestyles, Alternative Health Concepts (AHC) has been significantly improving lives, while growing its business. Due to its growing number of clientele, Alternative Health Concepts found itself outgrowing its 800 square foot office. AHC recently leased a 2,000 square foot office/warehouse space on Ellison just…
Read Full ArticleGlobal Energy Resource Company Fills Vacancy off the Big I
Written by: Stephanie Chang The bustling arterial of Pan American Freeway is now the home to Layne Southwest Inc., a national company dedicated to providing responsible resource solutions. Layne Southwest Inc., previously Reynolds Inc., officially opened doors to their new office on November 1st. Layne Southwest Inc. is a diversified company that specializes in water…
Read Full ArticleCriterion Systems, Inc. Opens Doors in Albuquerque
New Mexico, long time home of government agencies, military bases, laboratories, and research facilities, welcomes the newest company becoming “local.” Criterion Systems, Inc. officially opened doors to their Albuquerque facility on September 20. The Virginia-based company specializes in cyber security, cloud computing, infrastructure operations, system engineering, and identity management. Criterion’s clients include the Departments of…
Read Full ArticleHistoric Schwartzman / Mudd Volleyball Land for Sale
Historic Schwartzman Land for Sale By Elaine D. Briseño Journal Staff Writer Albuquerque Journal October 6, 2012 Family wants to keep Mudd Volleyball Tournament A property that includes the site of the popular Carrie Tingley Hospital annual Mudd Volleyball Tournament is up for sale. The Mudd Volleyball site is part of the 400-acre property that…
Read Full ArticleNAI Maestas & Ward to Market 400 + Acre Schwartzman Property in ABQ South Valley
The new “Schwartzman Commerce Center” will bring good jobs, new companies, and vital commerce to the South Valley (Albuquerque, NM): New Mexico commercial real estate firm NAI Maestas & Ward announced today that it is marketing for sale the 400-plus acre Schwartzman family property, located in Albuquerque’s South Valley. The Schwartzman family, which has owned much…
Read Full ArticleBrett Hills | Vinaigrette restaurant to open near Old Town
Vinaigrette restaurant to open near Old Town New Mexico Business Weekly by Steve Ginsberg, Reporter Date: Thursday, September 6, 2012, 2:49pm MDT Santa Fe restaurateur Erin Wade is bringing her upscale salad bistro Vinaigrette to Albuquerque. Wade has signed a lease at 1916 Central Ave. SW for 3,300 square feet and will open in November, according…
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