10.23.2020
Next Up: Commercial Financing During Covid
Listen to Charlie Dawson, & Andrew Foster discuss financing for commercial properties and investments during the time of COVID-19 View a recording of the "Commercial Financing During Covid” webinar from September, 2020. Listen to Charlie…
Read More10.23.2020
Depreciation Strategies Under the New Tax Law: What You Need to Know
Download a PDF of this entire article Volume 43, Number 6 By Terri S. Johnson, CRE On December 22, 2017, the Tax Cuts and Jobs Act (TCJA)—the most sweeping tax reform since 1986—was signed into…
Read More10.20.2020
How CBD Offices Can Generate a Post-Pandemic Return
The answer is to produce spaces that people want to play, socialize and even live in. Over the past couple of decades, central business districts thrived as people moved back to cities. But COVID-19 is…
Read More10.20.2020
Can the Retail Market Hold Onto the Gains It Made in September?
Retail sales increased 1.9% in September, surpassing economists’ initial expectations. Figures released by the Commerce Department last week show that the US retail market is continuing down the path of recovery. US retail sales increased…
Read More10.20.2020
Whoever Wins the Presidential Election, It Won’t Upend Commercial Real Estate Returns
Whoever wins the presidential election next month, the outcome won’t affect the longterm returns on commercial real estate investment. That’s according to a new Cushman & Wakefield report, which dives back to the late 1970s to show that…
Read More10.17.2020
Commercial Market Insights
NAR’s latest outlook report shows that the commercial market is starting to turn around, even if only modestly. A strong increase in occupancy in industrial is offsetting loss of occupancy in office and retail. Also,…
Read More10.16.2020
Next Up: Preserving the 1031 Like-Kind Exchanges
View a recording of the “Next Up: Preserving the 1031 Like-Kind Exchanges - the Data Speaks” webinar from October, 2020. Listen as NAR’s Charlie Dawson, VP of Engagement, Evan Liddiard, Director of Federal Taxation and…
Read More10.15.2020
Valuations Forecasted to Decline in COVID-19’s Wake
In a new survey of CRE executives 70% of respondents expect the metric to head lower in 2020. Taking a pulse on the impact of the pandemic on all sectors of global commercial real estate,…
Read More10.15.2020
How Lease Restructuring Can Help with Dispositions and Financing
If the landlord has designs on selling the property, the lease restructuring can be more beneficial than forbearance. Right now, in the wake of the COVID crisis, many forbearance discussions are occurring. But, in some…
Read More10.15.2020
Increasing Demand for Cold Storage Spurs Spec Projects, Institutional Investment
U.S. online grocery sales continue to accelerate amid escalating COVID-19 cases, and this trend is likely to continue long after the pandemic subsides, boosting demand for cold storage facilities nationwide. “COVID has accelerated and catalyzed that…
Read More10.15.2020
October 2020 Commercial Market Insights
Download (PDF: 1.4 MB) This issue features two pieces. The first piece looks at office market occupancy trends that show a significant uptick in available office space through 2022 Q1. The second piece analyzes the…
Read More10.15.2020
Turning a dead mall into a warehouse will slash its value as much as 90%, Barclays predicts
In the coming years, hundreds of America’s roughly 1,100 malls are expected to shut, as retail, restaurant and movie theater closures pile up, and more people favor shopping on the internet over heading to the…
Read More10.15.2020
Winter Will Be the Start of Travel’s Turnaround, Says Hilton Exec
If in-person schooling proves safe, winter vacations won’t carry as great a perceived risk, says Hilton Worldwide’s Dino Michael. (Bloomberg)—Dino Michael took on one of the most coveted jobs in travel, that of global head of…
Read More10.14.2020
COVID-19 Driving Wider Price Disconnect Between Commercial Property Buyers and Sellers in U.S.
A new U.S. commercial property survey by CBRE finds a wide disconnect on pricing expectations between buyers and sellers as a consequence of the COVID-19 pandemic that is weighing on commercial investment activity. The CBRE…
Read More10.14.2020
Stay Current on State and Local COVID-19-Related Laws and Executive Orders
As the real estate industry continues to conduct business during the current health pandemic, it is critical that real estate agents and brokers stay up to date on COVID-19-related state legislative and regulatory changes as…
Read More10.14.2020
Survey: Commercial Real Estate Recovery to Accelerate
While commercial real estate has been dealt a debilitating blow because of the pandemic, there are glimmers of hope that a significant recovery may soon take hold. The Urban Land Institute’s Real Estate Economic Forecast,…
Read More10.13.2020
Say Goodbye to Your Local Coffee Shop in America’s Cafe Shakeup
The number of coffee shops in the U.S. is shrinking for the first time in nine years. The winter could bring another wave in closures. (Bloomberg)—Starbucks Corp. and other coffee chains are expanding their grip…
Read More10.12.2020
West Mesa targeted for large solar projects
ALBUQUERQUE, N.M. — Albuquerque's far West Mesa could become a new Mecca for solar energy development. The company pursuing the massive Santolina master-planned community, Western Albuquerque Land Holdings LLC, is now negotiating with solar developers…
Read More10.09.2020
Valuation of Big-Box Retail for Assessment Purposes: Right Answer to the Wrong Question
Introduction What is it about the way big-box retail property is being valued for tax assessment purposes that results in the wrong answer? Surprisingly, it can be traced to a misunderstanding of real estate appraisal…
Read More10.09.2020
Amid Pandemic CRE Buyers and Sellers Grow Even Further Apart on Pricing
The two sides have different ideas on pricing, while cap rates in CRE properties are largely unchanged from levels reached in 2019. The chasm between commercial property buyers and sellers widened in the third quarter…
Read More10.08.2020
Death Reports of Retail and Office May Have Been Greatly Exaggerated
Much of the discussion pointed to the upsides in what, so far in 2020, has been mostly seen as a negative story in many sectors. Panelists representing the industrial, office, retail and multifamily sectors of…
Read More10.08.2020
Consider the “Gross-Up” in Lease Modifications and New Commercial Leases
The COVID-19 pandemic has had a dramatic impact on commercial leasing for both tenants and landlords. Proactive landlords are wisely having lease modification discussions with their existing tenants and some are offering rental concessions to new tenants.…
Read More10.08.2020
E-Commerce Tenants Continue to Lease Industrial Space as the Holiday Season Approaches
Demand remains strong and vacancy is close to its all-time low. Anticipating a surge in online shopping during the holidays, e-commerce tenants are already prepared to handle the swell in orders, having locked in additional…
Read More10.07.2020
Recent Commercial Price Indices Show Little Movement
The dynamic reflects both a dearth of deals taking place and the fact that distress hasn’t started working through the marketplace yet. Amid the considerable carnage being inflicted on the U.S. commercial real estate sector…
Read More10.07.2020
October 2020 CCIM Deal Making Session Properties
Thanks to all of the brokers, sponsors, and guests who attended the October 2020 CCIM NM Deal Making Session and to those who shared their properties. Click here to view source PDF. Click here to view…
Read More10.07.2020
Status Update for Moehrl v. NAR Litigation
Please note: Pursuant to NAR, regulations of the CIE are contained in the MLS handbook. Although the CARNM CIE Rules and Regulations expressly provide in Article 2.1 that our CIE, as a Commercial Information Exchange, is…
Read More10.05.2020
Emera Unveils New Microgrid Technology at Kirtland AFB
In the near future, neighborhoods across the country could be converted into self-sustaining, renewable, electric-generating zones that reliably supply power around the clock to all local residents independently from regional electric grids. That’s the vision…
Read More10.04.2020
U.S. Supreme Court to Hear Water Case Between Texas and New Mexico
The U.S. Supreme Court is wading into another water dispute between Texas and New Mexico over the Pecos River Compact, with oral arguments scheduled to be heard Monday. At issue is a complaint from Texas…
Read More10.02.2020
The Only Constant Is Change
The COVID-19 pandemic has upended commercial real estate, but market sectors have opportunities to bounce back amid difficult forecasts. What a difference a pandemic can make to an economist's forecast. Earlier this year, the most…
Read More10.01.2020
Next Up: Eviction Moratorium & Rental Assistance
Listen as NAR’s VP of Engagement Charlie Dawson and Megan Booth, NAR’s Director of Federal Housing, Valuation, Commercial Real Estate Policies & Programs, discuss the work being done to navigate orders from the CDC and…
Read More10.01.2020
18 Takeaways from Day Two of the ICSC Retail in the Age of COVID-19 Conference
On Wednesday, panelist discussions centered on the best ways for retailers and landlords to integrate e-commerce into their operations. While the first day of ICSC’s virtual conference focused on how retail tenants and landlords can survive through…
Read More10.01.2020
September 2020 Commercial Market Trends
View a New Mexico Market Trends Summary Report, which includes September 2020 Commercial Market Trends. This report includes the total number of listings, asking lease rates, asking sales prices, days on the market and total square feet…
Read More09.30.2020
2020 Annual Report: Metropolitan Redevelopment Agency
The Metropolitan Redevelopment Agency promotes redevelopment and economic revitalization in distressed neighborhoods. This is accomplished through strategic planning, creating metropolitan redevelopment areas, working with community groups and leaders to establish their priorities, purchasing property for…
Read More09.30.2020
Prices Explode for Lumber, Sag for Steel, Scrambling Apartment Construction Budgets
Cost increases have been especially hard on developers who rely on wood frame construction to build low- and mid-rise buildings. Apartment developers suffer headaches that keep getting worse as they try to guess where construction costs…
Read More09.30.2020
31.4% Spring Slide for a US Economy Likely to Shrink in 2020
The U.S. economy plunged at an unprecedented rate this spring and even with a record rebound expected in the just-ended third quarter, the U.S. economy will likely shrink this year, the first time that has…
Read More09.29.2020
12 Takeaways from Day One of the ICSC Retail in the Age of COVID-19 Conference
Day one of the ICSC virtual conference focused on how retailers and landlords plan to rebound from the current situation. The first day of the ICSC Retail in the Age of COVID-19 virtual conference streamed…
Read More09.29.2020
Visit Albuquerque Looks to the Future
Albuquerque’s hard-hit tourism industry is hopeful about a significant bounce-back in 2021, but a full recovery may still be years away. During Visit Albuquerque’s annual meeting Tuesday, held via Zoom, organization president Tania Armenta provided…
Read More09.28.2020
Landlords Focus on Improving Indoor Air Quality
Air measuring and ventilation are among the tools that can help buildings reopen. There is nothing like an airborne virus to put a focus on indoor air quality. Since COVID-19, landlords and property managers are…
Read More09.28.2020
Aviation Company Announces Major Expansion to NM
Ascent Aviation set to bring 360 jobs to Roswell Air Center Arizona-based Ascent Aviation Services is planning to expand to the Roswell Air Center and hire 360 employees in New Mexico for airplane repair and…
Read More09.27.2020
Traffic Follows Jobs, and Traffic in ABQ is Down
Six months into the global COVID-19 pandemic, does it seem like traffic is as bad as ever in the metro area? Well, if you’re driving on Paseo del Norte west of Eagle Ranch, you’re right.…
Read More09.25.2020
How American Cities Can Benefit from “Land Value Capture” Instruments in the Time of COVID-19 and Beyond
Why Now? The financial pressure cities are experiencing due to COVID-19 only amplifies the pre-existing historical underinvestment in municipal infrastructure and adds urgency to cities’ search for new sources of funding. Indeed, underinvestment in building…
Read More09.23.2020
Retailers Restructured and Disposed Assets During the Last Downturn. Here’s How This Time Is Different.
Excess Space’s Michael Wiener says ‘We must talk about science these days instead of just talking about real estate, because it's all tied together now.' The pandemic is forcing grappling retailers across the U.S. to make tough…
Read More09.23.2020
12 Must Reads for the CRE Industry Today (Sept. 23, 2020)
The Blackstone Group closed on the largest real estate debt fund ever, according to the Wall Street Journal. A new study finds companies are failing to follow through on pledges to elevate social concerns, reports…
Read More09.23.2020
Warehouses Beat Malls as Virus Fuels Record Global Investment
About $75 billion, or 20 percent of all global CRE investment in the first half of the year, went toward industrial and logistics properties, according to Savills Plc. Warehouse deals accounted for a record share…
Read More09.23.2020
NAR: September 2020 Commercial Market Insights
This issue features two pieces. The first piece shows that workers are starting to return to the office although the fraction of workers working from home remains elevated. The second piece shows that food delivery…
Read More09.22.2020
Hotel Developers Continue to Open New Sites Despite Brutal Market Conditions
Builders have had no choice but to deliver projects that were in progress when the market turned and try and compete for bookings. Despite the well-documented plummet in demand for hotel rooms that has only partially recovered…
Read More09.22.2020
Tech Giants’ Projected Headcount Growth Means They Won’t Be Giving Up on Office Space
Many large tech companies have vocally praised remote working. In the meantime, they’ve been expanding their office holdings. Earlier this year, many of the largest technology firms announced they would let their employees work from…
Read More09.22.2020
3 Ways Commercial Real Estate Will Be Different in 2021 & Beyond
As Buzz Lightyear enthusiastically says in the movie Toy Story – To infinity…and beyond! The feeling in the industry is that events of 2020 will change the industry for infinity and beyond. In real estate…
Read More09.21.2020
Regulatory, Legal and Debt Issues Matter in Tenant Negotiations
Understanding the tenant’s balance sheet, cash position and how much debt it has are critically important. When a landlord is negotiating with a tenant, understanding its balance sheet, cash position and debt load and maturity…
Read More09.19.2020
Oil Industry Stabilizing, But Painful Recovery Ahead
The global pandemic knocked the wind out of New Mexico’s oil and gas industry last spring, but as the economy gradually reopens, stability is slowly returning. Most local producers closed the spigots on existing wells…
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