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Commercial Association of REALTORS® - CARNM New Mexico

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Archives for August 2015

August 2015 Commercial Market Trends

August 31, 2015 by mcarristo

View a New Mexico Market Trends Summary Report, which includes August 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

Opposing Views on Albuquerque Rapid Transit to Get Public Airing

August 31, 2015 by mcarristo

Albuquerque’s plan for a rapid transit corridor on Central Avenue from Tramway to Unser will be a topic of debate this week at the University of New Mexico Law School.

The public is invited to the “Bus Rapid Transit Debate” on Thursday from 6-7:30 p.m. in Room 2401 at the School of Law at 1117 Stanford NE.

A rendering shows what a rapid transit station would look like at 15th Street and Central west of Downtown.

D’Val Westphal of the Albuquerque Journal will moderate the discussion between rapid transit supporter Paul Silverman, CEO at commerical development company Geltmore LLC, and rapid transit skeptic Paul Gessing of the Rio Grande Foundation.

The city is seeking $80 million in federal funding and plans on spending around $20 million of its own funds to build a new Albuquerque Rapid Transit bus system that would operate in the middle of Central Avenue. Construction could start as early as February.

ART PROJECT TIMELINE
Nov. 2014
Conceptual build

March 2015
Project development

May 2015
Sell ABQ GRT Bonds

Aug. 2015
Submit Small Starts grant application

Feb. 2016
Design complete and early construction begins

May 2016
Construction begins

Sept. 2017
Service starts

By: Mike English (Albuquerque Business First)

Click here to view source article.

Filed Under: All News

Catylist CIE and RPR Training – October 14th or 15th

August 30, 2015 by mcarristo

Learn to improve your skills!
Catylist CIE & RPR Commercial Training!
Leverage technology that measures, predicts, and targets the right location for a client, whether representing a client looking to start or expand a business. REALTORS® have access to this one-stop shop for comprehensive market data focused on demographics, psychographics and consumer spending.
Catylist will highlight recent system updates and new features for the CARNM CIE, followed by a Question & Answer session.
October 14, 2015
October 15, 2015
Session 1A
9:00 – 10:30 a.m.

CBRE, Inc
6100 Uptown Blvd NE, Suite 300

 
Session 2A
9:00 – 10:30 a.m.

NAI Maestas & Ward
6801 Jefferson St NE, Suite 200

Session 1B
1:00 – 2:30 p.m.

Colliers International
2424 Louisiana Blvd NE, Suite 300

Session 2B
1:00 – 2:30 p.m.

CARNM Office
6739 Academy Rd NE, Suite 310

All sessions have identical content.
Please select one session that fits your schedule/location and indicate in your RSVP.

Filed Under: All News

Mayor: Rapid Transit a 'Game Changer' for Route 66 Development

August 26, 2015 by mcarristo

Mayor Richard Berry pitched his top transit priority – an express system of buses running up and down Central Avenue – to business leaders Wednesday as a way to spur economic development along the old Route 66 corridor.

Berry said the proposal, known as Albuquerque Rapid Transit, would generate high-density residential and commercial development along the 15-mile route, from Tramway to 98th Street.

A new study, he said, backs up that assertion – if the project is carried out in conjunction with a new ordinance the city is working on to simplify zoning regulations.

“Transit-oriented development is for real,” Berry said. “It really does matter.”

Berry’s remarks came in a speech to about 185 people gathered for a meeting of the Economic Forum, a nonpartisan group of business leaders.

The project is intended to mimic light rail, but with buses. The city is seeking federal funding to pay for most of the initial segment – a $100 million project that would cover the 10-mile stretch of Central Avenue between Louisiana and Coors.

City officials say they hope to secure about $80 million in federal money, with the rest from the city or other sources. It would cost about $2 million a year to operate, though the city might seek federal money to offset that, too.

The project has generated opposition from some property and business owners who fear the impact of dedicating so much room within the roadway to a new bus system. Opponents say the project’s design would discourage customers from driving on Central – and they’re not confident that shoppers would take the new buses.

The buses would have their own dedicated lanes, one in each direction, throughout 90 percent of the route, leaving fewer lanes for cars, trucks and other traffic.

The project has broad support at City Hall, in any case, with both Democrats and Republicans backing the idea, at least in general.

The mayor said Wednesday that large national investors prefer cities with high-density, transit-rich environments. A recent survey of investors and developers ranked Albuquerque last among 20 Western cities for its outlook as a place to invest, he said.

Increasing density, Berry said, would allow many families to get by with, say, one fewer car – providing them a raise of sorts because of the reduced cost, he said.

There would be 25 stations in a 15-mile stretch, with buses running every seven to nine minutes, Berry said.

A decision on federal funding is expected this fall.

“We think it’s going to be a game changer in Albuquerque,” the mayor said.

By: Dan McKay (Albuquerque Journal)

Click here to view source article.

Filed Under: All News

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