Archives for November 2015

November 2015 Commercial Market Trends

November 30, 2015 by mcarristo

View a New Mexico Market Trends Summary Report, which includes November 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.

National Magazine: This NM City Will Be Top Retirement Destination

November 23, 2015 by CARNM

Is Las Cruces the next top retirement destination?

U.S. News & World Report spotlighted it as one of three cities that could become just that.

Is Las Cruces the next top retirement destination? U.S. News & World Report thinks it could be.

The magazine noted the new Organ Mountains-Desert Peaks national monument as a draw, saying that research shows retirees are more likely to move to Western counties that have protected lands. Las Cruces’ low cost of living is a factor, too. And seniors who move to the city get a unique welcome kit full of special offers.

A 2013 study predicted that designating Organ Mountains-Desert Peaks as a national monument would boost the economy.

The U.S. News story isn’t the first to note Las Cruces’ appeal to those in retirement, but it may be one of the most high-profile yet. Smart Money touted New Mexico as a retirement option in 2012, with a nod to Las Cruces. And the AARP also named Las Cruces a top “sunny place to retire” in 2012.

By: Rachel Sams (Albuquerque Business First)

Click here to view source article.

The Voice for Real Estate

November 23, 2015 by CARNM

Condo financing is easier to get under changes FHA rolled out at the NAR conference in San Diego.

View Voice for Real Estate 35: zipLogix, Condos, San Diego (Video)

About This Series

The Voice for Real Estate is NAR’s bi-weekly video news series. Every two weeks, host Stephen Gasque, NAR’s director of broadcasting, shines a spotlight on the top legislative, regulatory, and legal issues NAR is working on, and he will summarize recent research findings.

Share The Voice for Real Estate

As a real estate professional, you’re encouraged to post the video on your website and share with your customers because the news will be of value to them as well. State and local associations of REALTORS® are also encouraged to post and share the videos with their members.

By: National Association of REALTORS®
Click here to view source video.

New CCIM New Mexico President Says We Need Jobs — Period

November 19, 2015 by CARNM

Sean McMullan is the co-owner and qualifying broker at McMullan & Co. Real Estate, which does deals in the Albuquerque area. He was recently selected as the 2016 president of the Certified Commercial Investment Member (CCIM) New Mexico chapter.

Sean McMullan, co-owner of McMullan and Co. Real Estate, was recently named president of CCIM New Mexico.

A CCIM is a recognized expert in the commercial and investment real estate industry. McMullan earned his CCIM designation in 2010 and joined the chapter’s board of directors in 2011.

What has the organization done for you personally and professionally?

I truly believe that the education one receives in becoming a CCIM is very valuable. I pursued the designation for several reasons, but most importantly to me as a younger broker, I wanted to set myself apart from the competition. The letters CCIM after your name gives you instant credibility amongst other brokers and with potential clients.

What do you want CCIM New Mexico to accomplish in 2016?

Accepting the position of president of this organization is a big responsibility. I hope to implement some minor tweaks and changes to leave it better than I find it when I take office in January. One of my biggest goals in 2016, is to improve our social media marketing, to promote our members, and educate the public as to why they should use a CCIM for their next commercial real estate transaction.

Where do you see the local commercial real estate industry headed?

We need jobs, period. The commercial real estate market in New Mexico has slowly improved over the last few years, but unfortunately I feel we have been held back by our state government in competing with our surrounding states for jobs. Texas, Colorado and Arizona have taken action over the last 10-plus years to become more business and development friendly and they are now booming because of it. Until something changes in Santa Fe, we will only continue to see the slow gains that have become the new norm here in New Mexico.

By: Stephanie Guzman (Albuquerque Business First)

Click here to view source article.