Archive for the ‘Local News’ Category
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…
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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 ArticleRestaurants’ See Biggest Gains In Four Years
According to the NPD Group (Consumer Market Research Group), the leading provider of reliable consumer information, restaurants saw their strongest gains since 2008. Additionally, “The two food service sectors that increased guest counts in the first quarter were quick service and fine dining, NPD found. Visits to quick-service chains rose 2 percent during the period,…
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 Global Honors NAI Maestas & Ward with Eagle Award
NAI Maestas & Ward, headquartered in Albuquerque, New Mexico, was recognized by NAI Global with its Eagle Award for performance in 2011. The Eagle Award recognizes the NAI member firm that best exemplifies the Right Stuff–a composite of leadership, capital and resources; commitment to quality; the desire and energy to grow; and sharing the NAI…
Read Full ArticleA Tale of Two Markets
A Tale of Two Markets The current commercial real estate market reads like the Charles Dickens’ novel, A Tale of Two Cities: “it is the best of times and the worst of times”. After three plus years of slack demand, some New Mexico commercial real estate users and investors have apparently determined that now is…
Read Full ArticlePending Home Sales Up 26% from 2010
It appears home sales are stabilizing in Albuquerque. Read More…..with Holiday retail sales looking good, I’m believing 2012 will be a strong year for retail expansion in Albuquerque. Friday, December 30, 2011 NAI Maestas & Ward | Phn 505-878-0001
Read Full ArticleMultifamily Housing Development Site Sold by NAI Maestas & Ward Broker
NAI Maestas & Ward Commercial Real Estate Advisor and Director Jim Hakeem recently sold 15.5 acres of vacant land at Coors Blvd. and Montano Rd NW. “This particular site had been on the market for an extensive time,” said Jim. “It is really considered the #1 multifamily housing development site in Albuquerque.” A high-end, 240-unit…
Read Full ArticleNAI Maestas & Ward Advisor Assists Amazing Gates with Relocation
A New Mexico company located in Bernalillo that has been in business since 1985 has leased space at 8617 Paseo Alameda NE in Albuquerque. Amazing Gates of America will occupy 13,824 square feet in their new location according to NAI Maestas & Ward Commercial Real Estate Broker and Director Rich Diller. The company is a…
Read Full ArticleIndustrial & Office Market Update Presentation
Debbie Harms, CCIM, SIOR, and Partner at NAI Maestas & Ward presented an update on the status of the commercial real estate office market at a NAIOP luncheon on November 14. Debbie, who has nearly 30 years of experience in commercial real estate brokerage, development, leasing and property management, gave a comprehensive overview of the…
Read Full ArticleAcademy Office Park New Home for Blue Sky Tours
Debbie Harms, CCIM, SIOR and Partner at NAI Maestas & Ward recently leased a 7,000 square foot space at 6723 Academy Rd NE to Blue Sky Tours, Inc., a leading wholesaler of tours to Hawaii. “This is a great location for this company. They have been in business since 1981 and they will do well…
Read Full ArticleChipotle Mexican Grill Opens in Albuquerque Uptown
The long awaited Chipotle Mexican Grill is opening its first location in Albuquerque with a ribbon cutting ceremony hosted by Mayor Richard Berry on Tuesday, December 6 at 10:45 a.m. The restaurant is located on the southeast corner of Menaul and Louisiana and will be a main attraction for residents as well as business people…
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 ArticleColores de Cabezon Office Condominium Sold by NAI Maestas & Ward Brokers
A premier office property at 2401 Cabezon Blvd. SE in Rio Rancho near the newly completed Presbyterian Rust Medical Center was recently sold to an investor. NAI Maestas & Ward commercial real estate brokers Martha Carpenter, Dave Hill, CCIM, and Jim Hakeem represented the seller and buyer in the transaction. The new construction office suite…
Read Full ArticleCommercial Real Estate Brokers Assist Ideal Vacuum in Relocation
Martha Carpenter and Dave Hill, CCIM of NAI Maestas & Ward represented Ideal Vacuum Products in a recent purchase transaction of a 25,000 square foot property at 5910 Midway Park Blvd. NE that will serve as the company’s new operating location. The company, which has been located at 2401B Phoenix NE, sells vacuum pump products,…
Read Full ArticleCommercial Real Estate Broker Jim Wible Earns CCIM Designation
Managing Partner Steve Maestas of NAI Maestas & Ward Commercial Real Estate announced today that Advisor Jim Wible has received the designation of Certified Commercial Investment Member (CCIM). A recognized expert in the disciplines of commercial and investment real estate, the CCIM designation is achieved by less than 6% of all commercial real estate agents…
Read Full ArticleCommercial Property Management Team Delivers Great Service
NAI Maestas & Ward’s commercial property management division and its affiliate, Sun Vista Enterprises, recently received the following feedback from clients. Bob Underwood at Specialty Funding wrote “Thanks for having [your team] take care of that for me this morning. As usual you and your team are super.” Signature Southwest Properties President Sherry D’Amato Fowler…
Read Full ArticlePaseo Surgery Center Opens in Albuquerque
The former BBVA Compass Bank property at 9551 Paseo Del Norte NE has been sold to Paseo Surgery Center, LLC. The commercial property, which has more than 14,000 square feet, will be home to a new Albuquerque general surgery practice. “It is rewarding to see new companies being established in Albuquerque and Paseo Surgery Center…
Read Full ArticleIdeal Feet Leases Commercial Property for New Store
Ideal Feet has opened its first store at 2663 Louisiana NE in Albuquerque. The company currently operates 13 locations in Arkansas, Kansas, Kentucky, Oklahoma, North Carolina, Texas and New Mexico. “This is a great business for Albuquerque and this location on Louisiana is a high traffic area that will give Ideal Feet exceptional marketing exposure,”…
Read Full ArticleMatt Reeves Joins NAI Maestas & Ward
Matt joined NAI Maestas & Ward in 2011 as an advisor to continue and build on his strong history of working with local businesses on their origination and expansion in the Albuquerque area. Prior to joining NAI Maestas & Ward, he served as a principal at Apex New Mexico Realty Advisors, Inc., a commercial brokerage…
Read Full ArticleMike Barker Joins NAI Maestas & Ward
Mike joined NAI Maestas & Ward in 2011 as an advisor with extensive experience in commercial real estate and mortgage origination. Previously he served as a principal at Apex New Mexico Realty Advisors, Inc., a commercial brokerage firm that he opened in early 2011 specializing in retail, office and light industrial sales and leasing. Since…
Read Full ArticleNAI Maestas & Ward Brokers Lease Space to La Mesa RV
Albuquerque is now home to a new recreational vehicle and motorhome dealership, La Mesa RV, which has opened on the north east corner of Lomas and Wyoming next to Rich Ford. La Mesa RV opened its first store in La Mesa, California, in 1972 and is now headquartered in San Diego but has nine stores…
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 ArticleChristian Sanchez Joins NAI Maestas & Ward
Steve Maestas, Managing Partner of NAI Maestas & Ward, announced that Christian Sanchez has joined the firm as an advisor. “Christian has eight years of experience in state and federal government and business. His financial expertise and invaluable knowledge of public and private sector budgeting will provide our clients with keen insights, investment guidance and…
Read Full ArticleReal Estate Brokers Find New Use for Industrial Spaces
As the commercial real estate market regains its footing, new uses are being found for older industrially-zoned buildings in the Albuquerque metro area. Such is the case in a transaction that was just completed at 6701 Jefferson NE. NAI Maestas & Ward Advisors Keith Meyer, CCIM, CIOR and Jim Wible completed the lease of 42,000…
Read Full ArticleLaw Firm Relocates with Assistance from Real Estate Advisors Carpenter and Hill
Dixon, Scholl & Bailey, PA, a local law firm that has been in business since January 2000, is moving to a new location in the Conejos Office Park at 6700 Jefferson NE. The firm, which has 15 full time employees, handles civil litigation on both the plaintiff and defense sides, including professional negligence claims, catastrophic…
Read Full ArticleCCIM Institute Holding Annual Celebration
The New Mexico Chapter of the CCIM Institute is hosting its annual CCIM Celebration on September 15 at Sandia Resort & Casino from 5:00 to 7:30 p.m. The event is free to New Mexico CCIM Chapter members and is open to the public as well. The annual event provides an opportunity for the commercial real…
Read Full ArticleShedden Pilates Relocates to Nob Hill
Nob Hill continues to grow and attract businesses to this thriving, trendy area of Albuquerque, according to commercial real estate advisor and broker Alfredo Barrenechea from NAI Maestas & Ward. “I continue to see demand for great spaces in Nob Hill. The proximity to the University of New Mexico, Central New Mexico Community College and…
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 ArticleGreat Investment: Albuquerque Multifamily Real Estate
Looking for a great investment? Looking for a great investment in real estate? Well, according to Erik Olson, senior advisor and multifamily specialist, market indicators are showing that the multifamily sector is leading the recovery in commercial real estate. In addition to working with a couple of investors who are seeking properties with 75+ units,…
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 ArticleMCT Waste Management Buys A Former Schwan’s Dairy
MCT Waste Management recently completed the purchase of property to open a new location in Santa Fe. The transaction was handled by Keith Meyer, CCIM, SIOR at NAI Maestas & Ward. “This property is the site of the former Schwan’s Dairy at 5 Erica Road just south of NM 599 and I-25 in Santa Fe….
Read Full ArticleSquare Root Salon Opens With Help from NAI Maestas & Ward Advisor
On August 18, downtown Albuquerque will become home to the Square Root Salon, a new trendy full-service salon owned by David Gatt and Jason Smith. The salon, located at 800 3rd Street NW, will offer the services of six diverse stylists who were hand-picked by David and Jason based on their skills and passion for…
Read Full ArticleAlbuquerque Realtor Sees Multifamily Real Estate Market Heating Up
As summer heats up, so does the small multifamily market in Albuquerque according to Erik Olson, an advisor at NAI Maestas & Ward. Erik was one of the brokers in a recent 4-plex transaction that closed in just 60 days. It took only two weeks for a local real estate investor to put the property…
Read Full ArticleSmall Business Leasing Indicates Market Coming Back
With nearly 30 years of experience in commercial real estate, Debbie Harms knows market trends and what they often indicate. She is not surprised by the fact that small, grass-roots companies are beginning to lease commercial space again. “I have seen this cycle a number of times before. When we go through a recession, leasing…
Read Full ArticleNational Sandwich Franchise Comes to Albuquerque
NAI Maestas & Ward Advisors Brett Hills and David Fite announced that a Jimmy John’s sandwich store is being opened by Doug Adams in Holly Plaza on Paseo del Norte. The store is expected to open on August 9th and will be the first location in New Mexico. David said “It was a real pleasure…
Read Full ArticleNAI Maestas & Ward Property Management Delivers Quality Customer Service
Debbie Harms, Qualifying Broker at NAI Maestas & Ward, reported that the Property Management division of the company recently received the following letter from a very satisfied customer: “On behalf of our company, Oasis Capital Management, I am very pleased to commend you for providing a high level of professional management services and going above…
Read Full ArticleNew Optometry Business Leases Real Estate in NE Albuquerque
Debbie Harms, Qualifying Broker at NAI Maestas & Ward, announced that a new business, Hands & Martinez Optometry, LLC, has leased space in the Cherry Hills Office Complex located at 7007 Wyoming Blvd. NE. “This 3,303 square foot space in the northeast heights is a great and convenient location for an optometry practice given the…
Read Full ArticleTwin Suns Comics and Games, LLC Opens New Store
NAI Maestas & Ward Advisor Michael Reneau leased space to an exciting and fun new business in Riverside Plaza on Albuquerque’s west side. The store is located at 6301 Riverside Plaza Lane NW, Ste. L-1. “Twin Suns Comics and Games is a brand new venture for Josh and Drew Allred, who happen to be twins,”…
Read Full ArticleAlbuquerque Real Estate Advisors at NAI Maestas & Ward Finalize Chipotle’s First Location in New Mexico
NAI Maestas & Ward advisor brokers Brett Hills and David Fite have been selected by Chipotle Mexican Grill to serve as the company’s exclusive tenant representatives to assist the company with their move into the New Mexico market. The enormously successful Chipotle which started in Denver, Colorado, has rapidly grown to 1100 stores throughout the…
Read Full ArticleExceptional Investment Sells in 60 Days at Great Price
Albuquerque Real Estate Advisors Erik Olson, Rich Diller and Rose Cabezut at NAI Maestas & Ward completed the sale of a 4-plex in a great northeast heights area just 60 days after listing the property located at 12201 Haines Ave. NE. Erik Olson represented the sellers, The Lucia Charitable Trust, and Rich Diller and Rose…
Read Full ArticleNew Optometry Business Leases Real Estate in NE Albuquerque
Debbie Harms, Qualifying Broker at NAI Maestas & Ward, announced that a new business, Hands & Martinez Optometry, LLC, has leased space in the Cherry Hills Office Complex located at 7007 Wyoming Blvd. NE. “This 3,303 square foot space in the northeast heights is a great and convenient location for an optometry practice given the…
Read Full ArticleQuarterly Economic Briefing Webcast with Dr. Peter Linneman
Where are we in the recovery and what’s taking so long? Can real estate hedge against looming inflation? Is raising the debt ceiling a political theater or a real issue? Join NAI Chief Economist Dr. Peter Linneman for an insightful discussion on these topics and more. Dr. Linneman, widely recognized as one of the leading…
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 ArticleNew Advisor Joins NAI Maestas & Ward
Managing Partner of NAI Maestas & Ward Commercial Real Estate Steve Maestas announced that Jim Wible has joined the company as an advisor. “Jim brings a broad range of experience to our company and we are pleased to have someone with his unique capabilities on the NAI Maestas & Ward team,” said Maestas. Wible specializes…
Read Full ArticleBrett Hills Promoted To Senior Advisor
Steve Maestas, Managing Partner of NAI Maestas & Ward, announced that Brett Hills has been promoted to senior advisor. “Brett brings enormous talent and marketing expertise to every commercial transaction to assist local, regional and national customers with their real estate needs,” said Maestas. Hills, who earned an MBA from the Robert O. Anderson Schools…
Read Full ArticleRent-A-Wheel Leases Albuquerque Real Estate
NAI Maestas & Ward Managing Partner Steve Maestas announced that the national chain “Rent-A-Wheel” has leased space at The Shops on Menual to open a new retail establishment. “The Albuquerque retail real estate market continues to attract national companies to serve the needs of local customers. Rent-A-Wheel has been looking for a retail space here…
Read Full ArticleMartha Carpenter and Shelly Branscom Lease Space to New Crafting Business
NAI Maestas & Ward Advisors Shelly Branscom and Martha Carpenter recently completed a lease transaction for an exciting new establishment. The Hen House Paperie, a specialty retail business catering to the needs of the crafting community in the Albuquerque metro area is opening at 6301 Riverside Plaza Dr. NW, Suite L3 in July. “The Hen…
Read Full ArticleNAI Maestas & Ward Clients to Benefit From NAI Global Merger
Steve Maestas, Managing partner of NAI Maestas & Ward announced today that C-III Capital Partners LLC (C-III) will acquire NAI Global, the largest premier network of independent commercial real estate firms worldwide comprised of 5,000 professionals and 350 offices in the U.S. and 55 countries around the world. “We are very excited about this strategic…
Read Full ArticleSenior Advisor Helps Local Foundation
Erik Olson, Senior Advisor with NAI Maestas & Ward, announced that JCPenney recently donated furniture, filing cabinets, and office equipment valued at thousands of dollars to New Mexico’s Prizm Foundation, a non-profit organization dedicated to assisting with disaster relief, job training, housing and economic development, www.Prizm.org. Erik represents JCPenney in the sale of their Rio…
Read Full ArticleThe Outlook For Restaurants Looks Bright
National restaurant concepts are expanding again and Albuquerque is on their radar screen. The overall theme at an international real estate convention I attended in May was one of renewed optimism. Five Positive Signs For Restaurants Tuesday, June 7, 2011 NAI Maestas & Ward | Phn 505-878-0001
Read Full ArticleAlegre Dental Purchases Office
Alegre Dental, owned by Dr.Pako Major, DDS, has purchased a 2,885 square foot office at 2116 Ladera Del Oeste NW. Dr. Major is a recent graduate of Marquette University School of Dentistry specializing in comprehensive care, and a recent addition to the Albuquerque medical community. In announcing the purchase, Dr. Major stated he is excited…
Read Full ArticleHME Specialists LLC Leases Car Crafters Property
HME Specialists LLC has moved into 19,500 square feet of office/warehouse space in the former CarCrafters property at 5101 McLeod NE. HME Specialists is an independent, regional, homecare provider with its company headquarters at 611 Osuna Rd. NE. The company provides durable medical equipment, respiratory services, complex mobility products, wound-care products and other medical supplies…
Read Full ArticleFidelity Title Insurance Co. Opens New Albuquerque Office
Fidelity National Title Insurance Company has leased 3,532 square feet of space in the Paseo Nuevo office building at 8220 San Pedro NE. Fidelity will be consolidating its Academy and Carmel offices in the new location. Paseo Nuevo is owned by Paseo Nuevo LTD Co., Skip and Josh Skarsgard landlords. With the addition of Fidelity…
Read Full ArticleExhibit Solutions of NM Moves to Journal Center
Exhibit Solutions of New Mexico, Inc., a native American, woman-owned, 8(a) SDB business, is moving into larger quarters at 4301 Masthead NE in the Journal Center. The new 9,400 square foot facility nearly doubles the company’s current space. Exhibit Solutions creates high-impact, portable trade show displays, modular exhibits and visual marketing products. Company founder, Gina M. Euell, started…
Read Full ArticleTodd Strickland Joins NAI Maestas & Ward Business Services
Steve Maestas, Managing Partner of NAI Maestas & Ward, announced today that Todd Strickland has joined NAI Maestas & Ward Business Services LLC as an advisor. Strickland will be partnering with long-established business broker, Wayne Unze, in helping New Mexico entrepreneurs value and market their businesses in a confidential and professional manner. Strickland recently moved…
Read Full ArticleNew Mexico Economic Development get praise, candid assessment from National Site Selection Consultant
Thursday. May 5th, Keith Meyer, CCIM, SIOR was privileged to be included among leading business and governmental economic development decision makers in the state of New Mexico who were given a candid assessment of the state’s status by Mark M. Sweeney of McCallum Sweeney, Greenville, SC. Mr. Sweeney’s company consults with large corporations on site…
Read Full ArticleCorless & Associates
Corless & Associates, a full service investment advisory company, will be opening a new office in the Academy Office Park in May 2011. They currently have an office in Corrales and this new office will be a second location for them. Sandra Corless, Partner, indicated the need for a more centrally located site for some…
Read Full ArticleNew Stores Opening in Montano Plaza
Montano Plaza, 6200 Coors Boulevard NW, will see the addition of four new retail stores: Lovelight Boutique; Purses for Women; ABQ Bridal, Formals and More; and Scrubs Direct. Montano Plaza is anchored by Albertson’s and currently has only one vacant space remaining. Michael Reneau, NAI Maestas & Ward Retail Advisor, handled all negotiations for the…
Read Full ArticleMartha Carpenter Named “Top Office Leasing Broker by CoStar”
Steve Maestas, Managing Partner of NAI Maestas & Ward, announced today that Martha Carpenter, a NAI Maestas & Ward advisor, has earned the CoStar Group Power Broker award as one of the top leasing brokers in Albuquerque during 2010. CoStar Group is the largest national research organization serving commercial real estate. Ms. Carpenter specializes in…
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 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 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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