Archives for 2014

Dan Newman, a longtime Albuquerque office and industrial specialist, received high honors from the New Mexico commercial real estate industry Tuesday.

Newman, a first vice president in the New Mexico office of CBRE, was named 2014 Realtor of the Year by the Commercial Association of Realtors New Mexico (CARNM). The group held its annual meeting at the Albuquerque Marriott.
NAI Maestas & Ward Director Dave Hill, the 2013 Realtor of the Year, presented the award to Newman. “He is generous, loving, intelligent, creative, adventurous and a risk-taker,” Hill said in front of a full ballroom of real estate executives.
Newman is one of a couple dozen brokers in the state who have earned the prestigious Society of Industrial and Office Realtors (SIOR) designation. He has been in commercial real estate transactions and development deals in Albuquerque since 1976.
Newman was previously an architect, at one time working for Albuquerque’s SMPC Architects. He later ran his own company — the Newman Agency — before joining CBRE in 2004. Hill said Newman is one of the top producers in the country and is considered the “best tenant-rep broker in the nation with CBRE.” Newman has held high-level positions with the Certified Commercial Investment Member (CCIM) organization, CARNM and SIOR for many years.
“I’ve worked in different places around the country, and no market is as cooperative and supportive than our market,” Newman said in accepting the award.
CCIM’s Marketing Deals of the Year (under $1 million) went to Keith Meyer and Jim Wible of Maestas & Ward for a condominium project in the North I-25 corridor. The deal of the year over $1 million went to Todd Clarke of New Mexico Apartment Advisors for the more than $4 million sale of The Virginian apartment complex in the Northeast Heights.
Carl Grending of Sperry Van Ness/Walt Arnold Commercial Brokerage was named CARNM’s president for 2015, and Wible was named president elect.
By: Damon Scott (Albuquerque Business First)
Click here to view source article.

On November 18 at our CARNM Annual Meeting,  we celebrated a successful 2014 with 140 attendees! To view pictures of the event on the CARNM Facebook page, click here.
Congratulations to our award recipients:

• 2014 REALTOR® of the Year: Dan Newman SIOR
• CCIM’s Marketing Deal of the Year (under $1 million): Keith Meyer CCIM, SIOR and Jim Wible CCIM
• CCIM’s Marketing Deal of the Year (over $1 million): Todd Clarke CCIM

Click here to read the Albuquerque Business First article.
Thank you to our fantastic keynote speaker:
Ted C. Jones, PhD, Chief Economist – Stewart Title
~Click here to view his PowerPoint presentation: “New Mexico Economic and Real Estate Forecast 2015”.
Click here to view more information, including the elected 2015 CARNM Board.

• The U.S. trade deficit will widen in the upcoming months and thereby trigger a slowdown in the U.S. economy.  Why? Japan has officially fallen into a recession with two straight quarters of economic contraction.  Eurozone economies are barely hovering at zero growth.  China has markedly slowed down, no longer roaring at a 10 percent clip.  The Russian economy is falling apart because of economic sanctions and from falling oil prices.  Brazil is fighting hard not to contract.  All of this adds up such that foreign economies will have less capacity to buy American products.  U.S. exports will no longer rise while American consumers will continue to buy imported goods.
• The U.S. economy did show some sparks with the GDP expanding 4.6 percent and 3.5 percent in the past two quarters on an annualized basis.  Above 3 percent is desirable and good and below 3 percent is subpar.  However, based on softening exports, GDP in the final quarter of the year may only be 2 percent.  Such a slowdown means job gains will also slow.
• U.S. exports to foreign countries already started to contract in September, falling 1.5 percent.  Meanwhile U.S. imports were about the same.  Therefore, the trade deficit increased.  This type of trend will further continue for the foreseeable future because foreigners will have less capacity to spend.  Moreover, the U.S. dollar has strengthened, which makes U.S. products more expensive and foreign products cheaper.  In a pronounced case of Russia, its currency has tumbled by more than 30 percent against the dollar.  Therefore, there will be less Russian buyers of Miami properties in the upcoming year.
• Forecast?  The U.S GDP growth in the fourth quarter will be sluggish at around 2 percent.  If subpar growth continues into early next year than the pace of job gains will surely slow.  Job growth is currently projected at 2.5 million for 2015.  But if exports struggle to expand and the economy grows slowly at 2 percent throughout next year then the job gains may slow to only 1.5 million.
• Russia’s economy is potentially facing shambles because of sanctions.  This weakening will have some reverberations across the global economy.  Finland for one, an innocent bystander, will suffer a deep recession as Russian tourists stop coming.  But the sanctions on Russia will not be lifted as long as it misbehaves, like invading a foreign country.  Back during the U.S. Civil War, European countries wanted to continue the cotton trade with the Southern states despite the sanctions placed by the North.  To reaffirm the sanctions and prevent violations for good, Abraham Lincoln came out with Emancipation Proclamation, something he had pondered for several years.  Lincoln knew with his announcement there was no way Britain and France, who both had abolished slavery several years earlier, could now violate the sanctions.  The Southern economy subsequently collapsed.  Moral reasons will always triumph over economic reasons.

By: Lawrence Yun (Economists’ Outlook)
Click here to view source article.

Dan Newman, a longtime Albuquerque office and industrial specialist, received high honors from the New Mexico commercial real estate industry Tuesday.  
Newman, a first vice president in the New Mexico office of CBRE, was named 2014 REALTOR of the Year by the Commercial Association of REALTORS New Mexico (CARNM). The group held its annual meeting at the Albuquerque Marriott.
NAI Maestas & Ward Director Dave Hill, the 2013 REALTOR of the Year, presented the award to Newman. “He is generous, loving, intelligent, creative, adventurous and a risk-taker,” Hill said in front of a full ballroom of real estate executives.
Newman is one of a couple dozen brokers in the state who have earned the prestigious Society of Industrial and Office REALTORS (SIOR) designation. He has been in commercial real estate transactions and development deals in Albuquerque since 1976.
Newman was previously an architect, at one time working for Albuquerque’s SMPC Architects. He later ran his own company — the Newman Agency — before joining CBRE in 2004. Hill said Newman is one of the top producers in the country and is considered the “best tenant-rep broker in the nation with CBRE.” Newman has held high-level positions with the Certified Commercial Investment Member (CCIM) organization, CARNM and SIOR for many years.
“I’ve worked in different places around the country, and no market is as cooperative and supportive than our market,” Newman said in accepting the award.
CCIM’s Marketing Deals of the Year (under $1 million) went to Keith Meyer and Jim Wible of Maestas & Ward for a condominium project in the North I-25 corridor. The deal of the year over $1 million went to Todd Clarke of New Mexico Apartment Advisors for the more than $4 million sale of The Virginian apartment complex in the Northeast Heights.
Damon Scott Reporter-Albuquerque Business First
Click here to view source article.