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Albuquerque Commercial Real Estate News

De Anza Redevelopment to Start Soon

ALBUQUERQUE, N.M. — While construction crews are at work refurbishing the El Vado Motel and the adjoining Casa Grande sites along Central Avenue, the developer picked by the city to bring the De Anza Motor Lodge back to life will soon follow suit. Albuquerque-based Construct Southwest, headed by Bill Smith, was selected last July by […]

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Groups Seek to Intervene in Sick Leave Lawsuit

ALBUQUERQUE, N.M. — Two worker rights groups and an Albuquerque voter are asking a judge to throw out a lawsuit filed in April that seeks to keep Albuquerque’s proposed sick leave ordinance off the ballot. OLÉ, El Centro de Igualdad y Derechos and Rebecca Glenn, all proponents of the ballot initiative, filed motions in state […]

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UPDATE: Lawsuit Filed Over ABQ Paid Sick Leave Ordinance Proposal

UPDATE: Jason Espinoza, president and CEO of the Association of Commerce and Industry, talked to Albuquerque Business First about the lawsuit after it was filed Monday. Espinoza said the Legislature’s failure to pass the Uniform Employment Law Act is what triggered the filing of the lawsuit Monday. The proposed legislation would have kept local municipalities […]

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Planners Across America: Making Albuquerque the Land of Enchantment, Not Confusion

The city of Albuquerque is focused on bringing consistency and coherence to an unwieldy collection of planning and land use regulations. An interview with Albuquerque Planning Director Suzanne Lubar explores the city’s approach to the challenge. Contrary to its image in pop culture, Albuquerque is not the methamphetamine capital of America. And yet, there is […]

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Council Defers Decision on Comprehensive Plan

ALBUQUERQUE, N.M. — Albuquerque city councilors listened to public comment late into the night Monday on the proposed rewrite of the city’s comprehensive plan, which, if adopted, will govern Albuquerque development for years to come. The plan, also known as the ABC-Z project, was the hot-button issue during Monday evening’s City Council meeting, with more […]

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CARNM Commercial Source: Steps to Owning Commercial Real Estate by Justine Deshayes

Understanding Loans for Future Commercial Developments    By: Justine Deshayes, CCIM of Wells Fargo (Albuquerque Journal HomeStyle Magazine) A new year brings new goals for business owners and investors. Many share the goal of acquiring, constructing or refinancing commercial real estate (CRE). Despite the rate increase by the Federal Government in December, rates still remain at […]

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Highlands Project Near Pres has High-End Ambitions

ALBUQUERQUE, N.M. — The development team behind The Highlands, a $95 million mixed-use development north of Central Avenue near Presbyterian Hospital, said the once-blighted area will be transformed into a transit-oriented village with apartments fetching some of the city’s highest rents, a Marriott Springhill Suites Hotel, multiple retail establishments and a food hall on par […]

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Albuquerque and Santa Fe are Shining Stars in Film Industry

    The light shines bright again for the New Mexico film industry. According to the new MovieMaker list, Santa Fe and Albuquerque are some of best places to live and work as a moviemaker. The Duke City comes in three slots down to No. 8 from its 2016 ranking in the big cities category. […]

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Cabela’s at Journal Center is a Go

ALBUQUERQUE, N.M. — Work is officially underway on the new Cabela’s at Paseo and I-25, anchoring what will ultimately be a $68 million, mixed-use development including other retail, restaurants and apartments. The 21-acre development, called Legacy Journal Center, is being developed by Titan Development, the project’s managing partner. “Having a great anchor like Cabela’s is […]

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Ground Breaks on Los Lunas Project that Could Attract Thousands of Jobs

Developers, city and county officials broke ground on Burlington Northern Santa Fe Railway Co.‘s $20 million to $25 million rail-served industrial park located on 1,400 acres near Los Lunas on Wednesday. Dirt was moved as construction began on a rail spur that will connect the BNSF line to what could be central New Mexico’s largest […]

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