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Thanks to all of the brokers, sponsors and guests who attended the May 2015 CCIM Deal Making Session and to those who shared the May 2015 CCIM Properties. Over 22 million dollars of commercial real estate properties available for sale were presented from all over New Mexico.

1.	Tim With & John Ransom	612 Encino Place	$515,000
2.	Larry McClintock & Bruce Golden	8501 Candelaria Bldg D	$825,000
3.	Tim MacEachen, CCIM, SIOR	2601 Baylor Dr SE	$1,950,000
4.	Hunter Greene, Patti Peixotto, Joel White, MAI	3720-3852 Hawkins	$12,200,000
5.	Steve Kraemer & Dave Hill, CCIM	2632 Pennsylvania St	$990,000
6.	Anne Apicella	187 Sarah Lane NW	$480,000
7.	Tim With & John Ransom	2551 Coors Blvd NW	$815,945
8.	Brett Hills	3510 Coors Blvd	$5,230,000
9.	George Chronis & Brent Tiano, CCIM	3500 Commanche Rd,Bldg E	$755,000
10.	Joel White, MAI, Patti Peixotto & Hunter Greene	1451 Innovation Park Place	$3,400,000
11.	Tim With & John Ransom	7445 Pan American Fwy	$4,500,000
12.	Rich Diller, CCIM, SIOR & Cole Flanagan, CPA	7510 Montgomery Blvd	$1,950,000

Albuquerque Mayor Richard Berry said Tuesday that the passage of an equal-pay ordinance by the Albuquerque City Council this week puts the Duke City on the national stage regarding the issue. The ordinance is also being hailed by many in Albuquerque’s business community too.
The measure incentivizes businesses seeking city contracts to offer equal pay to women by giving a 5 percent weighted preference to companies holding a “pay equity business certificate” issued by the city’s Office of Diversity and Human Rights.
Berry said the initiative is not only good for business owners, but “puts Albuquerque on the national forefront with pay equity.” Albuquerque is the first city in country to incentivize pay equity between men and women. Women in the state earn roughly 80 cents for every dollar a man earns, and the wage gap for Latina women is even wider — 55 cents to every dollar.
“We are extremely happy to see the city of Albuquerque take a step toward narrowing the pay gap between men and women and provide an incentive for businesses that are also working to narrow that gap,” said Pamelya Herndon, executive director of the Southwest Women’s Law Center. “Although businesses are not required to show complete parity in pay between men and women under the new ordinance, this is an opportunity for the city to gather reliable data on pay differences, and watch whether businesses move to improve their efforts to provide equal pay for women,” she said.
The initiative was spearheaded by Berry and City Councilors Diane Gibson and Klarissa Peña. The ordinance takes effect July 1.
By: Sal Christ (Albuquerque Business First)
Click here to view source article.

According to the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations, first quarter 2015 commercial and multifamily mortgage loan originations were 49 percent higher than during the same period last year. Following the usual seasonal pattern, first quarter 2015 originations saw a 26 percent decrease from the fourth quarter of 2014.
“The year-end momentum from 2014 carried into the first quarter of 2015, with year-over-year growth in lending for every major property type,” said Jamie Woodwell, MBA’s Vice President of Commercial Real Estate Research. “Multifamily lending was a key driver of first quarter originations and the GSEs drove multifamily. The GSEs’ multifamily originations increased by 306 percent compared to Q1 2014, marking their second highest quarter on record, while multifamily originations for other capital sources appear to have remained flat or declined.”
Q1, 2015 Originations 49 Percent Higher Than Q1, 2014
Increases in originations for industrial and multifamily properties led the overall increase in commercial/multifamily lending volumes when compared to the first quarter of 2014. The increase included a 269 percent increase in the dollar volume of loans for industrial properties, a 71 percent increase for multifamily properties, a 53 percent increase for office properties, a 51 percent increase for hotel properties, and a five percent increase in retail property loans. Health care property loans were essentially unchanged year-over-year.
Among investor types, the dollar volume of loans originated for Government Sponsored Enterprises (GSEs – Fannie Mae and Freddie Mac) increased by 306 percent from last year’s first quarter. There was a 113 percent increase for Commercial Mortgage Backed Securities (CMBS) loans, a 51 percent increase for life insurance company loans, and a one percent decrease in dollar volume for commercial bank portfolio loans.
Q1, 2015 Originations Down 26 Percent from Q4, 2014
First quarter 2015 originations for health care properties decreased 62 percent compared to the fourth quarter 2014. There was a 57 percent decrease in originations for retail properties, a 33 percent decrease for hotel properties, a 31 percent decrease for multifamily properties, a 25 percent decrease for office properties, and a 127 percent increase for industrial properties from the fourth quarter 2014.
Among investor types, between the fourth quarter of 2014 and first quarter of 2015, the dollar volume of loans for commercial bank portfolios decreased 23 percent, loans for life insurance companies decreased 18 percent, originations for CMBS decreased 14 percent, and loans for GSEs decreased by 13 percent.
By: Michael Gerrity (World Property Journal)
Click here to view source website.

SEE CORRECTION AT THE END OF THIS ARTICLE
Gary Tonjes has hired John Rocca of Los Angeles to recruit West Coast businesses to New Mexico.
Albuquerque Economic Development has received $80,000 from the city that will go toward hiring a California-based site selector to recruit businesses here.
AED is entering into a marketing agreement with John Rocca, a Los Angeles site selector, who will now be AED’s West Coast-based business development representative, said Gary Tonjes, the president and CEO of AED.
“One part of [Rocca’s] assignment is to identify 50 qualified companies interested in expansion or relocation, and to arrange for AED to be in one-on-one meetings with those firms,” Tonjes said. The Albuquerque City Council approved the marketing contract last week. The one time contract comes with targets for Rocca to meet, Tonjes said.
Rocca was previously a consultant with CBRE Consulting and started his own solo firm recently. AED had worked with Rocca during the recruitment process of PRNewswire to Albuquerque — which happened in 2006.
“Mr. Rocca will also perform competitor benchmarking with regard to targeted geographic economic development strategies; develop a list of qualified companies for business attraction outreach; and perform company due diligence,” Tonjes added. “We will use part of the resources to complement the work that [Rocca] is doing, and that could include a special event or other specific marketing activities in California or other West Coast markets.”
Tonjes said the ultimate goal is to get companies to visit Albuquerque, choose to invest here and put people to work.
CORRECTION
This story has been updated to clarify information in the photo caption about how AED will use the city funding.
By: Dan Mayfield (Albuquerque Business First)
Click here to view source article.