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Brett Hills
Keith Meyer, CCIM, SIOR
Thalia Toha
Randall Parish
Isaac Romero
Debbie Harms, CCIM, SIOR, CPM
Dave Hill, CCIM
Martha Carpenter
Shelly Branscom, CCIM
Cheryl Bonner
Steve Kraemer, CCIM
Todd W. Strickland
Gilbert Chavez, CPA
DJ Brigman
Cozette Hansen
Land & Industrial
Jim Wible, CCIM
Jim Hakeem
Riley McKee
Alexandra Pulliam
Investment Property Advisors
Cole Flanagan
Jake Mechenbier
Joel Cumplido
Posted 16 Jul 19 By: Cathryn Huff No comments yet
Office Building's new amenities might make you not want to leave
By Rachel Sams – Editor-in-Chief, Albuquerque Business First July 12, 2019 How much work would you get done if your office included float pods, salt rooms and Peloton bikes? Some Albuquerque tenants will soon find out. The skinny Developer Matt Finkelstein purchased Albuquerque's Optimum Building, 5700 Harper Dr. NE, with plans to provide office tenants some amenities unique…
Posted 12 Jul 19 By: Genieve S. Posen No comments yet
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…
International distributor plans massive ABQ expansion with new facility
By Collin Krabbe – Technology reporter, Albuquerque Business First June 28, 2019 International distributor Bunzl Distribution USA is planning a major Albuquerque expansion and has signed a "long-term" lease for a new building under construction at the site of the former FedEx Freight facility. The company, a distributor of food packaging, supplies and cleaning and…
Posted 24 Jun 19 By: Genieve S. Posen No comments yet
Winrock 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….
Construction 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…
Posted By: Genieve S. Posen No comments yet
Rise 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…
Posted 05 Jun 19 By: Cathryn Huff No comments yet
Sushi 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…
Posted 29 Apr 19 By: Genieve S. Posen No comments yet
Local 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…
As 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…
Building 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…
Investment 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,…
NAI 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…
Posted 07 Mar 19 By: Genieve S. Posen No comments yet
WE 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,…
Posted 28 Feb 19 By: Genieve S. Posen No comments yet
From 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…
Posted 07 Jan 19 By: Cathryn Huff No comments yet
Water Authority Claims Top Prize from National Water Group – "Platinum Award" from Association of Metropolitan Water Agencies
ALBUQUERQUE, Oct. 16 – The Association of Metropolitan Water Agencies has bestowed upon the Water Authority its highest honor, the 2018 Platinum Award for Utility Excellence. The AMWA announced the prize at a ceremony in San Francisco on October 15. "This award is for the entire utility," said Water Authority Board Chair Trudy E. Jones…
Posted 18 Dec 18 By: Cathryn Huff No comments yet
Commercial lending trends that will affect your business
By Chris Clepper, Nusenda Credit Union | Dec. 7, 2018 What are some commercial real estate trends that you've seen recently and how are they impacting lending? Like all other industries today, commercial real estate is experiencing disruption and faced with uncertainty. There are too many trends to cover here, but a great example is retail….
Developers unveil major mixed-use project near Kirtland Air Force Base
ALBUQUERQUE, N.M., Dec. 4, 2018 – By Ron Davis, Albuquerque Business First In front of a near-capacity crowd of real estate brokers at the Dekker/Perich/Sabatini office, developers unveiled a master plan that would create over 900,000 square feet of mixed-use business space near Kirtland Air Force Base. Thunderbird Kirtland Development LLC announced Wednesday that Max Q at…
Posted 29 Nov 18 By: Cathryn Huff No comments yet
Here's a status update for Facebook's data center in Los Lunas
ALBUQUERQUE, N.M., Nov. 14, 2018 – By Collin Krabbe, Albuquerque Business First Two years have passed since Facebook broke ground for its Los Lunas data center, a project many are hoping will bring prosperity to the area. Though some have criticized the ability of data centers to sustain a large amount of high-paying jobs, the California-based social media giant is adamant…
Netflix's ABQ deal could mean a boom for local commercial real estate
ALBUQUERQUE, N.M., Nov. 1, 2018 – By Ron Davis, Albuquerque Business First Both commercial real estate experts and local leaders believe Netflix's $1 billion investment over the next 10 years will go beyond the money invested in New Mexico While the ink is still drying, some Albuquerque developers are smitten by the possibilities Netflix could bring to…
NAI Maestas & Ward's Industrial Team wins award for expertly-facilitated complicated transaction
ALBUQUERQUE, N.M., Nov. 1, 2018 – At the "Intersections" commercial real estate event held on October 25, at Sandia Golf Club in Albuquerque, the NAI Maestas & Ward Industrial Team (Keith Meyer, Jim Wible & Riley McKee) were presented with an award for "The Deal of the Year" (under $1M). Following is the story of the transaction…
Posted 17 Oct 18 By: Genieve S. Posen No comments yet
Flagship 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…
Green 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…
Gyms, 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…
ABQ 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….
Peterson 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….
West 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…
Presbyterian 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….
Posted 25 May 18 By: Genieve S. Posen No comments yet
Meet 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…
Kirtland 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…
Two 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…
New-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…
NAI 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…
Gymnastics 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…
Taos 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…
Live 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…
Posted 30 Jan 18 By: Genieve S. Posen No comments yet
Las 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…
Broker 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…
Congratulations 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,…
Posted 27 Dec 17 By: Genieve S. Posen No comments yet
5 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…
Sandia 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…
Deal 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…
Movers 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…
New 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…
Posted 13 Nov 17 By: Genieve S. Posen No comments yet
Blaze 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…
What 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…
UPDATE: 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, …
Posted 25 Sep 17 By: Genieve S. Posen No comments yet
Old 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…
How 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…
Construction 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…
Pricey 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…
City'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…
Las 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…
Las 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…
Shelly 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…
Clayton 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…
Blaze 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…
New 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…
Local 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…
South 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…
NAI 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…
Posted 08 Aug 16 By: Genieve S. Posen No comments yet
Women 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…
Chipotle 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…
The 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…
Westside 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…
CRE 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…
Food 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…
Nob 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…
Twenty 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…
Calif. 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…
NM 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…
Commercial 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…
NAI 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…
University'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…
Exclusive: 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…
Business 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…
Maestas: 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…
Real 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…
More 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…
East 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…
A 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…
Real 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…
Rad(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…
Todd 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…
Report 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…
Steve Maestas reflects on six months at Fed helm, real estate projects and his future
Steve Maestas, the founder of Albuquerque's NAI Maestas & Ward, is recognized as a local business leader in the commercial real estate and development field. He's also past chair of Albuquerque Economic Development and a trustee for the Albuquerque Community Foundation. He was recently appointed chairman of the board of directors of the Kansas City…
East 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…
Las 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…
Millennials 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…
GandyDancer 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…
Hardscrabble 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…
Young commercial real estate players emerging in Albuquerque market (Albuquerque Business First)
Call them millennials or young professionals — they call themselves developing leaders. And in the commercial real estate industry in Albuquerque, they are quickly organizing. Three leaders — Josh Rogers, Clayton King and Chris Clepper — have taken the reins of a newly refreshed NAIOP – New Mexico group for the younger set. NAIOP is the commercial…
Investors 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…
Albuquerque Innovation Fund to offer grants to business-boosting nonprofits (Albuquerque Business First)
Later this spring, more Ewing Marion Kauffman Foundation money will come to Albuquerque to support entrepreneurial efforts, said Steve Maestas, the CEO of Maestas Development Group and founder of NAI Maestas & Ward. The new Albuquerque Innovation Fund will go live on March 27 as a partnership between the city of Albuquerque, the Kauffman Foundation…
Finding Flexibility on Unser Boulevard
Vivify Hot Yoga Opening Next Week New Mexico natives, Sean and Lisa Kehoe found peace with hot yoga. Now, they are embarking on bringing this invigorating experience to a new studio in Rio Rancho. Vivify Hot Yoga is set to open this coming week with breathtaking and unblocked views of the Sandia mountains. The owners,…
RICHIE 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…
Movie theater marks latest project at $70 million Las Estancias development (Albuquerque Business First)
Albuquerque's South Valley hasn't been known as a night-out-at-the-movies kind of destination, but that could all change this year, as Carmike Cinemas (Nasdaq: CKEC) starts construction on a 12-screen theater this week at Las Estancias. Las Estancias is the 550,000-square-foot, $70 million retail development with a health care facility on almost 80 acres at the…
John Henderson III to Retire at end of December
John Henderson III, Director, specializing in the investment and leasing of office properties, has been highly recognized as a leading member of the Albuquerque real estate industry for over 40 years. John has been the recipient of many real estate industry accolades including recognition as the REALTOR of the Year for both Commercial Association of…
Now 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…
GOVERNOR 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…
Cafe 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…
Shelly Branscom featured in ABQ Business First; CREW-NM program helps 20 transition into area workforce
Under the radar this summer, the Commercial Real Estate Women (CREW) New Mexico chapter embarked on an inaugural outreach project. But while it wasn't meant to be a big splash, members say it had a big effect on them and Crossroads for Women, which partnered with CREW for a half-day vocational workshop for Crossroads clients….
Innovate ABQ is a Reality
First Baptist Church Sale Completed First Baptist Church has completed the sale to UNM/Lobo Development and the City of Albuquerque the historic First Baptist Church property located at Central and Broadway. The buyer has stated previously the site will be used to house Innovate ABQ, the business incubator to be managed by STC UNM. The…
La 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…
Barber'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…
Circle 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…
House 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…
New 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…
Local 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….
Partners 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…
Steve 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…
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…
George Chronis Joins NAI Maestas & Ward
ALBUQUERQUE, NEW MEXICO – May 20, 2014 – NAI Maestas & Ward, a member of the world's premier managed network of commercial real estate firms, announced today that George Chronis joined the firm as a Multifamily Advisor. In this role, George will primarily focus on the leasing and sale of multifamily commercial properties. George Chronis…
Diller, 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…
RR shopping center getting new life
RR shopping center getting new life The Rio Rancho Shopping Center at 4100 Southern Blvd. SE has been getting some increased attention lately.There is a forthcoming Walmart Neighborhood Market, in the early stages of construction, after the demolition of a government building on the more than nine-acre site. NAI Maestas & Ward advisers Clayton…
Shelly Branscom Attains Senior Advisor
ALBUQUERQUE, NEW MEXICO – April 30, 2014 – NAI Maestas & Ward, a member of the world's premier managed network of commercial real estate firms, announced today the promotion of Shelly Branscom to Senior Advisor. Shelly Branscom is an office specialist who is also experienced with handling school properties. She joined the NAI Maestas &…
Gannon 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…
Four Advisors at NAI Maestas & Ward Recognized on a Global Level
NAI Global Recognizes Outstanding Performance Stephanie Chang NAI Maestas & Ward Las Vegas, Nevada – February 21, 2014: NAI Global, the largest, most powerful global network of owner-operated commercial real estate brokerage firms, announced today that Rich Diller, CCIM, Director was recognized at performing at the Silver Elite level. Cole Flanagan, CPA, Senior…
NAI Maestas & Ward names Debbie Harms Operating Partner; as seen in ABQ Business First
NAI Maestas & Ward names Debbie Harms operating partner Damon Scott, Reporter Albuquerque Business First Debbie Harms and Steve Maestas merged their property management entities about five years ago. Now they've officially merged leadership responsibilities at Albuquerque's NAI Maestas & Ward Commercial Real Estate. Harms is now the operating manager at the firm after being the managing…
What it takes to be elite
What it takes to be elite Top Commercial Real Estate Firm Awards Its Best Written by: Stephanie Chang ALBUQUERQUE, NEW MEXICO – February 10, 2014 – NAI Maestas & Ward is delighted to congratulate Cole Flanagan, John Henderson III, Brett Hills, Keith Meyer, Shelly Branscom, and Todd Strickland for their outstanding performance. This group of…
Growstones, Inc. Cracking the Mold
Growstones, Inc. Cracking the Mold Written by: Stephanie Chang Improving Albuquerque's Footprint Growstones Inc. has a manufacturing process that uses recycled materials to improve soil structure. Helping Albuquerque to overcome its limited ability to recycle glass, Growstones Inc. is breaking up the scene. Its patented manufacturing process takes glass from landfills and turns it into one…
Albuquerque'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…
Brett 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…
CARNM 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…
New 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…
Calder 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…
First Baptist Church site on the market – ABQ Business First
First Baptist Church site on the market after years sitting idle It's a prime piece of real estate on the edge of Downtown Albuquerque, but has been a magnet for transients in recent years. Now it's on the market after being under a contract option with Albuquerque Public Schools for several years. The vacant First…
Calibers 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…
The 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…
Presidential 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…
Posted 18 Sep 13 By: Judy Garcia No comments yet
After 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…
Capstone 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….
The 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…
SWEAT Yoga Studio readies for opening, as seen in Albuquerque Business First
SWEAT Yoga Studio readies for opening Damon Scott, Reporter – Albuquerque Business First The city's newest hot yoga studio is preparing to open in the Northeast Heights near Interstate 25 and Osuna Road. SWEAT Yoga Studio will be located in a former Alphagraphics space in The Shops @ Presidential Plaza. The owners of SWEAT are married…
Stone 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…
Small 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…
Fiesta 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…
Driving 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…
Innovative 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…
Chiropractic Firm Expanding; Keeps Albuquerque Active
SunBear Chiropractic Finds New Market to Keep Mobile Written by: Stephanie Chang Sunbear Chiropractic opens in the main shopping center of Bernalillo, bringing its services to an underserved area. Sunbear Chiropractic is locally owned and well known for its focus on patient education. Dr. William "Bill" Dogget, first opened Sunbear Chiropractic in 1982 and works…
Encompassing 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…
Applebee'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…
First 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…
Private 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…
Albuquerque 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…
Albuquerque 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…
Increase 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…
Commissioner 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…
Algodones, 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…
U.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…
Immigration 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…
Erik 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…
Steve 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,…
Alternative 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…
Global 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…
Criterion 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…
Historic 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…
NAI 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…
Brett 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…
Posted 05 Sep 12 By: Monica Christofferson No comments yet
Developer 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
Posted 28 Aug 12 By: Monica Christofferson No comments yet
NAI Maestas and Ward honored as one of The New Mexico Private 100
During a special lunch and program on August 23rd, 2012 NAI Maestas and Ward was honored as one of The New Mexico Private 100 for 2012. The luncheon held at Sandia Resort and Casino honored the top executives of The New Mexico Private 100, comprising the largest privately-held businesses located throughout New Mexico. This event…
NAI Maestas & Ward Brokers Property for Stimulating Minds
Don't Miss One-of-a-Kind Autism Clinic Open House in Albuquerque STIMULATING MINDS OPEN HOUSE THURSDAY, AUGUST 16 4:00 — 6:30 PM 6100 Seagull St. NE – Suite B202 Before Stimulating Minds Autism Clinic opened its doors this month, New Mexicans with Autism had almost no way to receive their various therapies and services all in one…
Posted 31 Jul 12 By: Monica Christofferson No comments yet
Meineke to Provide Quick Service Car Care in Alameda Trade Area
Brakes squeaking? Need an oil change and you only have your lunch hour? Found yourself with dead battery? The newest Meineke Car Care Center in Albuquerque is just what you need. Carlos Segura, co-owner, has recently signed a lease for 3600 square feet of space on Alameda at San Pedro for the newest Meineke Car…
Erik Olson quoted in July issue of National Realtor Magazine
Erik Olson, Senior Advisor with NAI Maestas & Ward was quoted in the July National Realtor Magazine concerning Multifamily trends. Among many positive trends, Erik notes that there should be at least 1000 units breaking ground in Albuquerque by the end of 2012. To read more go to http://realtormag.realtor.org/commercial/feature/article/2012/07/age-multifamily
Steve Maestas Gives Mid-Year Commercial Real Estate Update
Steve Maestas, Managing Partner of NAI Maestas & Ward Commercial Real Estate, made a guest appearance on The Property Beat on Saturday, July 7 to give the Mid-Year Commercial Real Estate Update and offer insight into the art of real estate investments. During his interview, Maestas provides an overview of the commercial real estate market…
Scalo Moves to Paradise
Steve Paternoster, Owner/Operator of local favorite Scalo Northern Italian Grill, has announced a change of scenery for his business offices. A recent purchase of 4209 San Mateo NE moves the business offices from their current location on Ellison to the well known home of Paradise Village, a local electronics retailer, on San Mateo just south…
Posted 27 Jun 12 By: Monica Christofferson No comments yet
Local Preschool and Childcare Center Opens Fifth Location on ABQ West Side
The summer is just getting started, but for many parents, the coming school year and many child care decisions that go with it are already looming. For families on Albuquerque's West Side, a new child care option might be just the solution. ABC Preschool recently leased two free standing buildings at Paseo del Norte and…
New Clinic Focuses on Full Service Care for People with Autism and Caregivers
The quiet southeast corner of Seagull Street and Osuna is soon to become the home of Stimulating Minds Autism Clinic. Set to open their doors on August 1, Stimulating Minds Autism Clinic is poised to provide a variety of services to patients and caregivers alike. From applied behavioral analysis, social skills groups and educational resources…
Dos Hermanos Re-Opens in the Duke City
Dos Hermanos is back! The popular New Mexican restaurant is re-opening its doors in the Market Place at Journal Center on Jefferson near Paseo del Norte. Dos Hermanos opened in New Mexico in the 1990's and served a wide range of New Mexican favorites to devoted fans. In November 2011, after struggling through the poor…
Restaurants' 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,…
NAI Maestas & Ward Santa Fe Office Assists in Santa Fe Auto Showcase Relocation
After a year and a half of successful business on St. Michael's Drive, Santa Fe Auto Showcase has signed a new lease and announced their relocation to 6820 Cerrillos Road in Santa Fe, New Mexico. Set to open the doors of their new location on July 1, owners Leo Duncan and Paul Proestos are confident…
Posted 02 May 12 By: Monica Christofferson No comments yet
Hanover 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…
Posted 24 Apr 12 By: Monica Christofferson No comments yet
NAI Maestas & Ward Commercial Real Estate Assists in SAIA Relocation, Fills Vacancy in Albuquerque Industrial Landscape
SAIA, Inc. has announced the expansion and relocation of their Albuquerque terminal. The less-than-truckload trucking company provides regional trucking service to the South and Southwest as well as partner serviced trucking across the United States and internationally. The company is the industry leader in customer care, and focuses all aspects of business on customer satisfaction….
NAI Maestas & Ward Commercial Real Estated Honored as Top Leasing Firm in Albuquerque
NAI Maestas & Ward Commercial Real Estate has been named Top Leasing Firm by the national real estate research organization CoStar Group. Using overall leasing transaction volume in 2011, NAI Maestas & Ward was measured against all active commercial real estate brokerages in the Albuquerque area and proved to be a top producer. Contributing to…
Posted 21 Mar 12 By: Monica Christofferson No comments yet
NAI Maestas & Ward's Erik Olson Featured In CCIM Institute Magazine
NAI Maestas & Ward Senior Advisor, Erik Olson, CCIM has been featured in the CCIM Institute's monthly magazine "Commercial Investment Real Estate". The article, "Multifamily Media Frenzy: Apartment investments still rule the front page" discuss the successes of multifamily property sales despite the struggling economy. Erik is NAI Maestas & Ward's multifamily expert with over…
Posted 20 Feb 12 By: Monica Christofferson No comments yet
NAI 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…
A 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…
Posted 30 Dec 11 By: Monica Christofferson No comments yet
Pending 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
Record Crowds At Chipotle's First Opening In NM – Fire Marshall On Scene Due To Length Of Line
It has been a week since Chipotle opened it's doors to their first location in New Mexico and there is still a line around the building during lunch. Chipotle is so popular that some people waited over two hours in line. In fact, even the Fire Marshall was called on scene due to how many…
Multifamily 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…
Posted 30 Nov 11 By: Monica Christofferson No comments yet
NAI 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…
Posted By: Monica Christofferson No comments yet
Industrial & 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…
Academy 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…
Chipotle 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…
NAI 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…
Commercial Real Estate Advisor Discusses Multifamily Housing Sector
NAI Maestas & Ward Senior Advisor Erik Olson, CCIM, comments in the November/December issue of Commercial Investment Real Estate on prevailing cap rates, the re-emergence of credit unions as potential funding sources, and the overall trends in the multifamily housing sector. Erik is quoted in the article, "Multifamily Media Frenzy," as saying "Niche multifamily properties…
Colores 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…
Commercial 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,…
Commercial Real Estate Firm Adapts to Change
In today's economic environment, the future may seem uncertain and less predictable for businesses than it did just a few years ago. But, as NAI Maestas & Ward's Managing Partner Steve Maestas sees it, there are also vast opportunities for businesses even in this economic downturn. In a recent article in the New Mexico Business…
Posted 25 Oct 11 By: Monica Christofferson No comments yet
Commercial 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…
Commercial 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…
Paseo 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…
Ideal 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,"…
Matt 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…
Mike 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…
NAI 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…
Clayton King Joins NAI Maestas & Ward
Clayton King has joined NAI Maestas & Ward as an advisor according to Managing Partner Steve Maestas. "Clayton has a strong educational background in small business management and entrepreneurship and also has recent experience in a commercial real estate firm in San Antonio. Our clients will benefit from his outstanding ability to analyze business potential…
Senior 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…
Christian 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…
Real 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…
Law 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…
CCIM 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…
Shedden 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…
Local 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…
Great 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,…
Sushi 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…
MCT 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….
Square 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…
Albuquerque 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…
Small 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…
National 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…
NAI 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…
New 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…
Twin 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,"…
Albuquerque 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…
Exceptional 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…
Quarterly 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…
Exciting 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…
New 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…
Brett 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…
Rent-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…
Rose Cabezut Earns CCIM Designation
Steve Maestas, Managing Partner of NAI Maestas & Ward Commercial Real Estate, announced today that Rose Cabezut, Advisor, is the company's newest Certified Commercial Investment Member (CCIM). A CCIM is a recognized expert in the disciplines of commercial and investment real estate. This designation is achieved by less than 6% of all commercial real estate…
Martha 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…
NAI 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…
Senior 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…
The 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
Alegre 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…
HME 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…
Fidelity 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…
Exhibit 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…
Todd 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…
New 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…
Corless & 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…
New 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…
Barking Dog Communication Opening Albuquerque Office
Steve Maestas, Managing Partner of NAI Maestas & Ward Commercial Real Estate, would like to announce that on June 1, 2011 Barking Dog Communication, an internet data & voice management provider, is opening an office at 6739 Academy Rd. NE in the Academy Office Park. Barking Dog Communication is based in Albuquerque. In announcing the…
J. Lee Gruger Joins NAI Maestas & Ward
Steve Maestas, Managing Partner of NAI Maestas & Ward Commercial Real Estate, announced today that J. Lee Gruger has joined the company as an advisor and brokerage specialist working with Multi-housing Investment Services. Lee brings twenty-plus years of experience in the real estate construction/development industry, having previously worked with Bradbury Stamm Construction, Reid & Associates…
Alfredo Barrenechea Joins NAI Maestas & Ward
Steve Maestas, Managing Partner of NAI Maestas & Ward Commercial Real Estate, announced today that Alfredo Barrenechea has joined the company as a retail leasing and brokerage specialist. Alfredo has six years of experience in the commercial real estate industry with an emphasis on urban development and revitalization. He has been both the principal and…
Martha 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…
Brett Hills Discusses Skills for Success
Brett Hills, founder of the successful website, 999dine.com, and a commercial real estate adviser, addressed skills for success to the UNM School of Law on April 6, 2011. The event was sponsored by the Business Law Society. The title of Hills' talk was, "Success Skills: Things They Never Taught in School (But Should Have)". Topics…
Rizzi Paints Positive Picture For Small Business Success; Unze Gets Busy
Rizzi's acquisition was brokered by Wayne Unze, the veteran small business broker at NAI Maestas & Ward. Unze describes Rizzi's aggressive approach as very different from the laid-back entrepreneurs he normally encounters. Rizzi's aggressive approach is what is needed in a difficult environment, observes Unze, who sees a change on the horizon for small business…
Denver's popular Chipotle Mexican Grill reportedly has been looking around the greater Albuquerque area for spots to land. Multiple sites around the city are rumored to be on its radar screen. NAI Maestas & Ward's Brett Hills and David Fite confirmed they represent Chipotle, a national restaurant chain whose menu features salads, gourmet tacos and…
Enchantment Land Certified Development Company
NAI Maestas & Ward hosted Enchantment Land Certified Development Company at our monthly advisor meeting. Enchantment provides capital to small business in New Mexico and more importantly helps with the SBA 504 Loan program. SBA 504 program is a great vehicle for small businesses, up to $12.5 Million (not so small) to purchase real estate. …
IHOP Joins Dion's in Cabezon Commons
Steve Maestas, Managing Partner of NAI Maestas & Ward Commercial Real Estate, announced today that IHOP recently purchased a parcel of real estate, directly north of Dion's Pizza, in the Cabezon Commons development at the intersection of Cabezon and Unser boulevards, just south of Southern Blvd. in Rio Rancho. Both restaurants feature family dining in…
Customer Service Is More Important Than Ever
Customer Service Is More Important Than Ever In today's new economy customer service MUST exceed expectations. People are dining out less making each experience that much more valuable. A restaurant can serve the best food in a hip environment and poor service can overshadow the entire experience. More than ever, servers are where the rubber…
NAI Maestas & Ward announces the sale of vacant land, Northeast Heights, to Twisters
Steve Maestas, Managing Partner of Maestas & Ward Commercial Real Estate, announces the sale of the 25,000 square foot vacant land parcel in the retail center near the Northwest corner of Paseo del Norte and Wyoming, to Twisters Restaurant. According to Ray Ubieta and Gary Hines, owners of Twisters, this wil be the 15th location…
NAI Maestas & Ward Announces 2010 Top Advisors Awards
CONGRATULATIONS to the 2010 Top Advisors @ NAI Maestas & Ward Commercial Real Estate Keith Meyer, CCIM, SIOR – Top Producer Jim Hakeem, — Outstanding Performance David Fite – Outstanding Performance Wayne Unze – Largest Single Transaction Martha Carpenter – Top Dealmaker Brett Hills – Outstanding Team Player
Sale of Assisted Living/Church/Retreat Facility
Steve Maestas, Managing Partner of NAI Maestas & Ward Commercial Real estate, announces the sale of the former Spiritual Renewal Center at 6400 Coors Blvd, NW to the Episcopal Diocese of the Rio Grande. The 2-building complex is situated on 4.5 acres in the scenic Rio Grande Bosque. It offers fully landscaped grounds with a water…
After Hours Pediatrics Begins Construction on Third Location
After hours Pediatrics has begun construction on its third location in the Albuquerque area, at Paseo Place (Northwest corner of Paseo del Norte and San Pedro). After Hours Pediatrics is a unique practice specializing in traditional child care and acute care services available in the evenings, on weekends and during holidays (by appointment). This new…
Kevin Bobb Joins NAI Maestas & Ward as Senior Advisor, Medical and Dental Specialist
Steve Maestas, Managing Partner of NAI Maestas & Ward Commercial Real Estate, announced today that Kevin Bobb, a commercial real estate broker with 27 years of property management and brokerage experience, has joined NAI Maestas & Ward's office division. For the past 10 years, Bobb has created a recognized niche in the Albuquerque and New Mexico…
Venada Plaza Shopping Center Adds New Tenants
Venada Plaza Shopping Center Adds New Tenants. NAI Maestas & Ward announces an exciting line up of new business at its Venada Plaza Shopping Center, located on NM 528 south of US 550, north Rio Rancho. New business include Game Stop, The Chill Zone, Dion's Pizza, Firestone Complete Auto Repair and Murphy Express. Rio Rancho…
Keith Meyer, CCIM, receives prestigious Society of Investment and Office Realtors® (SIOR) designation
Keith Meyer, CCIM, is the newest member to achieve the prestigious Society of Investment and Office Realtors® (SIOR) designation. Keith is a Director at NAI Maestas & Ward specializing in Industrial, Land and Investment sales, and has been involved in commercial Real Estate since 1992. Keith has completed 157 sales and leasing transactions in the…
Sale of University Towers Successful
NAI Maestas & Ward Announces Sale of University Towers, 1650 University Blvd, NE. John M. Henderson III, CCIM, Director at NAI Maestas & Ward, has negotiated the sale of University Towers at 1650 University NE for The Regents of the University of New Mexico which closed on November 19, 2010. "After 18 months of work…
CARNM 2010 Marketing Deal of the Year presented to John M Henderson III, CCIM & Martha Carpenter
Steve Maestas, Managing Partner of NAI Maestas & Ward Commercial Real Estate, proudly announces that John M Henderson III, CCIM Director and Martha Carpenter, Director were recently awarded the "Marketing Deal of the Year, over $500,000.00" at the Commercial Association's (CARNM) annual awards meeting. John and Martha specialize in Office Leasing and Sales at NAI…
NAI Maestas & Ward announces the grand opening of Romero Family Medicine
FOR IMMEDIATE RELEASE: November 29, 2010 RE: NAI Maestas & Ward announces the grand opening of Romero Family Medicine CONTACT INFO: Steve Maestas (505) 878-0004 Steve Maestas, Managing Partner of NAI Maestas & Ward Commercial Real Estate, announced today that the grand opening of Romero Family Medicine, at 4600 Jefferson NE, Suite A, will…
Multi Family Division gains new member
Erik Olson, CCIM, has joined the newly-formed, Multifamily Division of NAI Maestas & Ward Commercial Real Estate. Prior to joining NAI M&W Erik co-founded and functioned as Qualifying Broker for SB Vegas Realty (Albuquerque, NM), where he managed over $30 million in commercial and residential real estate transactions. He is an investor/partner in 12 real…
Dave Hill, CCIM, of NAI Maestas & Ward, to be new CARNM President
Steve Maestas, Managing Partner of NAI Maestas & Ward Commercial Real Estate, announced today that NAI M&W Director, Dave Hill, will become next president of CARNM. The Commercial Association of REALTORS® New Mexico (CARNM) is an association of REALTORS® and real estate affiliates specializing in commercial real estate throughout the state of New Mexico. CARNM's…
New Albuquerque Forklift Location in Albuquerque
NAI Maestas & Ward Commercial Real Estate, announced today the lease of 5501 Midway Park Place, NE to Albuquerque Forklift and Equipment. Albuquerque Forklift was founded in 1995, covering the entire state of New Mexico in the sales, service and parts for all makes and models of forklifts, golf cars and industrial cars. Being the…
Rio Rancho City Center Seeing Growth
UNSER AND MAIN: With the opening of Presbyterian Hospital scheduled for November, 2011, and the UNMH Hospital in Rio Rancho City Center breaking ground soon, read more, the entire Unser corridor is seeing a dramatic increase in interest and activity. Premier Theaters recently closed on the property at Southern and Unser to build a 12…
NAI Maestas & Ward forms Multi-Housing Division
NAI Maestas & Ward forms Multi-Housing Division and Hires Bobby Bull Steve Maestas, Managing Partner of NAI Maestas & Ward Commercial Real Estate, announced today the formation of a Multi-housing Division. The new division will complete the company's goal of becoming a full-service commercial real estate company. The Multi-housing Division will be headed by Bobby…
Chipotle 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
Selling A Business Benefits From Proactive Owner
Monday, August 09, 2010 Selling A Business Benefits From Proactive Owner This is no ordinary recession. It is trudging into its third year with no end in sight despite the government's futile attempts at "stimulation." As a result, many New Mexico business owners have exhausted their "rainy day" funds and are now surviving on credit…
New 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.
The Sun Continues to Shine in New Mexico
Albuquerque's Market Ranks 7th out of top 56 metros in US. In a recent report by Moody's Albuquerque ranks as one of the top commercial markets in the country. In fact, the retail market scored a 75 out of 100 compared to the national composite in the same sector which scored a 60 out of…
Multiplex Theater Planned for Rio Rancho
Tuesday, July 13, 2010 Multiplex Theater Planned for Rio Rancho By Rosalie Rayburn Journal Staff Writer RIO RANCHO – For more than 10 years, Rio Rancho movie theater buffs have had to trek out of town to get their flick fix. That could change if city councilors approve a Texas-based plan to build a 14-screen,…
Albuquerque 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…
Cash Flow is Decisive When Pricing a Small Business
Pricing a business for sale requires evaluating its cash flow–another name for a business's earnings before interest, taxes, depreciation, amortization and owner's compensation are subtracted. Cash flow is then multiplied by a number that falls within a range appropriate for the industry and market–a number that takes into account other variables that affect the business….
Five Guys Burgers prepares to munch into New Mexico
For hamburger aficionados hungering for gourmet beef chains to arrive in New Mexico, the wait is over. Five Guys Burgers and Fries, a fixture on the East Coast, is invading the Land of Enchantment with 15 restaurants over the next five years. Virginia-based Five Guys has sold New Mexico franchise rights to David and Alan…
NAI Maestas & Ward Welcomes Wayne Unze
Albuquerque, N.M. — Steve Maestas, Managing Partner of NAI Maestas & Ward Commercial Real Estate,announced today that Wayne Unze, formerly executive vice president of Vaughan Company Business Opportunities, will be joining his firm. Unze has managed the Vaughan Company business brokerage division for twenty-three years. In making the joint announcement, Unze stated that he was…
Keith Meyer, CCIM wins CCIM Marketing Deal of the Year over $1,000,000
Property: 5801 Jefferson NE Square Footage: 46,000 on 3.75 acres Property Information: The 46,000/SF food processing facility on 3.75 acres in the desirable I-25 Corridor sub-market was the former Windsor Foods food processing facility. The Seller was a corporation based in Texas that had determined that they could not cost effectively expand this facility to…
Stanford 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…
Heritage 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…
Albuquerque #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,…
Maestas & Ward, Sun Vista Enterprises Create Partnership
Albuquerque, N.M. — April 30, 2009 In a deliberate move to create a dynamic commercial real estate team that excels in providing superior customer service, NAI Maestas & Ward Commercial Real Estate announces the company will create a standalone property management firm with local leader Sun Vista Enterprises. "This venture is a win-win," said Mr….
Hospital Services Corporation Inceases Space by 40 Percent with Move to Journal Center
ALBUQUERQUE — Rapidly growing Hospital Services Corp., which provides a wide variety of management and administrative services to the healthcare industry and general business community, is moving to Journal Center. HSC has purchased the two-story, 24,388-square-foot building at 7471 Pan American Freeway NE in the heart of the North I-25 Corridor. The building previously housed…
Paseo 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…
Dining options slip on icy economy
Major changes are taking place on Albuquerque's restaurant menu. The weak economy has devoured a dozen restaurants just since January, providing an oversupply of space left vacant by troubled national chains. Successful local operators are possible candidates to fill it. While all retailers are feeling the recession's squeeze, restaurants are particularly vulnerable as consumers dine…
Local Retail Center Purchased by Local Investor
ALBUQUERQUE — The purchase of a local retail center by a local investor that was financed by a local bank is a model for how New Mexicans are working together to further grow and energize its already strong economy. The Shops at Montaño, a neighborhood retail center located at the intersection of two of the…
Melrose 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,…
Posted 01 Jan 09 By: Monica Christofferson No comments yet
Albuquerque 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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