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Archives for June 2015

June 2015 Commercial Market Trends

June 30, 2015 by mcarristo

View a New Mexico Market Trends Summary Report, which includes June 2015 Commercial Market Trends. This report includes total number of listings, asking lease rates, asking sales prices, days on the market and total square feet available.

Disclaimer: All statistics have been gathered from user-loaded listings and user-reported transactions. We have not verified accuracy and make no guarantees. By using the information, the user acknowledges that the data may contain errors or other nonconformities. Brokers should diligently and independently verify the specifics of the information you are using.

Filed Under: Market Trends

New Mexico is ranked 23rd among U.S. states for … well, everything

June 30, 2015 by mcarristo

(Click to enlarge photo) Bosque del Apache, just south of Socorro near the town of San Antonio.
It’s the ranking of all rankings. The “Definitive and Final Ranking of All 50 States,” in fact. And New Mexico comes in 23rd.
That’s where Thrillist rates the Land of Enchantment in its new “definitive” ranking of each state in the U.S., which was published in celebration of the upcoming Fourth of July holiday.
New York-based Thrillist’s list categorizes all 50 states based on their “contributions to America,” such as inventions, food/drink, famous people and physical beauty — and then ranks them from worst to best. Michigan is first. Florida is dead last.
And why is New Mexico so high on the list, according to Thrillist?
“GREEN. CHILE.” the publication states. “Also sand. And, like, pretty good skiing.”
And that’s the extent of the writeup for New Mexico, which comes in well ahead of such states as neighboring Arizona (47th), Utah (46th) and Oklahoma (32nd).
Some New Mexico residents might question the judgement of the Thrillist judges for ranking Texas 11th, but will probably begrudgingly congratulate Colorado for being ranked 10th.
Thrillist’s full ranking can be found here.
By: Mike English (Albuquerque Business First)
Click here to view source article.

Filed Under: All News

It's True! New Mexico True

June 29, 2015 by mcarristo

(Click to enlarge photo) Gov. Susana Martinez held a press conference at the Sandia Tram in order to announce the increase numbers in tourism for the past year.  Albuquerque, New Mexico(Albuquerque Journal)
(Click to enlarge photo) Gov. Susana Martinez held a press conference at the Sandia Tram in order to announce the increase numbers in tourism for the past year.
Albuquerque, New Mexico(Albuquerque Journal)

Pointing to New Mexico’s slick television and online promotional commercials, Gov. Susana Martinez announced Monday that close to 33 million people visited the state last year, making it a record-breaking year for tourism.

Martinez said that’s half a million more people who visited New Mexico than in 2013. She credited the New Mexico True campaign for attracting more visitors to the Southwest state. That campaign features the state’s famous outdoor locations and several New Mexico celebrities, such as mixed martial arts fighter Carlos Condit.

“By simply showing a true picture of our state, we’ve been able to attract more and more visitors, and they’re spending money in diners, art galleries, gift shops, restaurants, golf courses, ski basins and various other small businesses in communities across New Mexico,” Martinez said at the Sandia Peak Aerial Tramway, where she made the latest numbers public.

Three years ago, the New Mexico Tourism Department unveiled the New Mexico True campaign, which promised tourists they would encounter “adventures steeped in culture.” Officials said the campaign was aimed at painting New Mexico as a place for outdoor fun and cultural exploration.

One such online video from the campaign has the Republican governor taking a kayak ride in the rapids of the Rio Grande. On the video, she screams and paddles in the rapids to a soundtrack of the New Mexico True campaign.

Another video features young, fit hipsters in trunks and bikinis diving and dancing in slow motion into Santa Rosa’s 80-foot-deep Blue Hole – one of the world’s deepest artesian springs. The Miami nightclub-like atmosphere is reinforced with the song “Alive,” a popular tune by the Australian electronic music duo Empire of the Sun.

Other videos highlight the state’s many American Indian and Hispanic sites.

rer062915b/A1/06.29.2015/Roberto E. Rosales Gov. Susana Martinez(Cq) held a press conference at the Sandia Tram in order to announce the increase numbers in tourism for the past year.  Pictured is the tram returning to base to pick up more tourist to take to the top.  Albuquerque, New Mexico(Albuquerque Journal)
The Sandia Tram is just one of the many varied tourist attractions of New Mexico (Roberto E. Rosales/Albuquerque Journal)

(Click to enlarge photo) June 6, 2015 photo shows three divers as they come up for air at Blue Hole State Park in Santa Rosa, N.M. Blue Hole is part of the New Mexico Tourism Department's "New Mexico True" campaign, an effort aimed at drawing more tourists to the state. (Susan Montoya Bryan/The Associated Press)
(Click to enlarge photo) June 6, 2015 photo shows three divers as they come up for air at Blue Hole State Park in Santa Rosa, N.M. Blue Hole is part of the New Mexico Tourism Department’s “New Mexico True” campaign, an effort aimed at drawing more tourists to the state. (Susan Montoya Bryan/The Associated Press)

(Click to enlarge photo) Derrick and Lisa Dennis of Florida take a selfie in front of a row of hot air balloons during mass ascension during the Albuquerque International Balloon Fiesta, Saturday, Oct. 11, 2014, in Albuquerque, N.M. (Marla Brose/Albuquerque Journal)
In 2014, officials say the New Mexico True campaign helped lead to an all-time high in marketable overnight trips, or vacations, with a 40.6 percent increase since 2010.
Tourism Department Cabinet Secretary Rebecca Latham said an increase in the advertising budget allowed the state to aggressively pursue those types of trips.
“Through the New Mexico True campaign, we’ve seen incredible growth in awareness, interest and visitation to the state,” Latham said. “The campaign highlights an incredible variety of outdoor adventures, cultural opportunities and culinary experiences that pique consumer interest, along with providing a unified brand message for the tourism industry.”
The increase comes as Albuquerque has seen a jump in tourism in recent years, thanks in part to the AMC-TV hit shows “Breaking Bad” and “Better Call Saul.” Businesses offer tours of popular scenes from the shows and sell show-related merchandise.
By: Russell Contereas (Albuquerque Journal)
Click here to view source article.

Filed Under: All News

Santolina Jumps Over Final Hurdle

June 24, 2015 by mcarristo

dh062415c/a-sec-metro/06/24/2015---From left, Debbie O'Malley, member, Art De La Cruz, vice chair and Maggie Hart Stebbins, chair as the Bernalillo County Commission holds a special zoning meeting on the Santolina Development, photographed on Wednesday June 24, 2015. (Dean Hanson/Albuquerque Journal)
(Click photo to enlarge) Debbie O’Malley, left, Art De La Cruz and Maggie Hart Stebbins debate meeting rules, with De La Cruz proposing a time limit on commissioners’ comments. A handful of Santolina opponents sat in the audience with their mouths taped shut to protest the lack of public testimony at the meeting.

But in the end, after 3½ hours of technical and bruising debate, Bernalillo County commissioners narrowly agreed late Wednesday to approve the last key piece of legislation requested by the landowner planning to develop a new community of 90,000 people on the West Side – a project known as Santolina. At full build-out, 50 years from now, it could rival the size of Rio Rancho today.
The commission voted 3-2 in favor of the 16-page contract up for debate Wednesday during a special meeting. The agreement outlines how development may proceed on the 22 square miles covered by the Santolina Master Plan.
But some of Wednesday’s most contentious debate focused on the rules governing how the meeting would proceed.
The commissioners opposing the Santolina agreement accused the majority of trying to limit or silence debate on a development that could shape the future of Albuquerque.
(Click photo to enlarge) Javier Benavidez, left, and Santiago Maestas attend the County Commission meeting with their mouths taped shut, a protest against public comment not being heard as the Santolina development contract was up for approval. (Dean Hanson/Albuquerque Journal)
Supporters, in turn, suggested the opponents were “stonewalling” to delay the inevitable.
Commissioners Art De La Cruz, Wayne Johnson and Lonnie Talbert voted in favor of the development agreement. In opposition were Maggie Hart Stebbins and Debbie O’Malley.
Final item
The commission has held about a half dozen hearings on Santolina this spring, though Wednesday’s meeting was dedicated to one last item that hadn’t yet been acted on: a development contract, which outlines the rights and responsibilities of the county and the landowner, including a requirement that the developer create 300 new jobs there before it can build more than 2,000 homes.
“At some point, we can’t continue (extending) the same hearing ad nauseam,” Johnson said.
Hart Stebbins, on the other hand, said she had legitimate questions that ought to be aired in public, based on her review of the document and concerns raised by residents in her central-city district.
“This is a huge development,” Hart Stebbins said. “This is a huge issue for the community, and the development agreement is where the details of the future are outlined.”
The skirmish over rules centered on a move by De La Cruz to impose a 10- or 20-minute time limit on each commissioner’s comments and questions on a particular item.
The time limit never actually came into play, but the idea of limiting debate incensed Hart Stebbins and O’Malley.
“It’s just not reasonable,” O’Malley said. “We’ve never done it before.”
De La Cruz, meanwhile, said opponents were engaging in “micro-dialogue” focusing on each section of the contract, holding things up to make a point instead of asking concrete questions.
Johnson suggested the meeting would have moved more quickly if Hart Stebbins and O’Malley had packaged their concerns into a few big amendments for consideration, rather than proposing a series of smaller amendments.
In any case, much of what Hart Stebbins and O’Malley proposed failed by a 3-2 margin. They generally tried to make the contract more stringent for the developer and more flexible for the county.
One proposal, for example, focused on how to define a job. That’s a critical component of the agreement because the developer is required to create a certain number of jobs – by bringing employers to the West Side – in exchange for permission to build more homes.
The goal is to provide a self-sustaining community where people can live and work in Santolina without adding to the traffic congestion caused by West Side residents commuting to jobs east of the river.
Hart Stebbins and O’Malley favored a more narrow definition of “jobs” – essentially aiming to have them defined as permanent, full-time jobs or as manufacturing jobs that draw new income into the community.
But they failed. The other three commissioners stuck with the broader definition in the agreement, which matches how the Mid-Region Council of Government defines the term. That definition means temporary, construction jobs can count toward the developer’s required targets.
“Any job on the West Side helps keep people on the West Side, not needing to take the bridge to get to the East Side,” said John P. Salazar, an attorney for the landowner, Western Albuquerque Land Holdings. “Every job is important in this community.”
Hart Stebbins said she feared creating a “loophole” in which the jobs might be there on Jan. 1, but not six months later.
Another vigorous debate focused on a clause in the development agreement that says the county won’t support any legislation or policy that interferes with Santolina’s use of water provided by the water authority, unless the use harms the county’s own water service.
Hart Stebbins and O’Malley tried and failed to remove that sentence.
“This clearly ties our hands,” Hart Stebbins said. It’s “a pretty significant restriction on the county as a whole.”
A county attorney, meanwhile, said he saw no harm in the clause. And Salazar said the Santolina owners simply wanted to ensure that they can deal with the water authority on water questions, not both the county and authority.
Moving slowly
No development is expected right away. The Santolina team is now expected to seek water service from the water authority – a utility governed by a panel of county commissioners, city councilors and the mayor.
More approvals will be required by Bernalillo County, too, before construction can begin.
By: Dan McKay (Albuquerque Journal)
Click here to view source article.

Filed Under: All News

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