08.29.2019
Why Landlords and Property Managers Should Require Renters Insurance
If someone told you there was a single paragraph you could add to your leases that could save you thousands of dollars and give you significantly greater peace of mind, you’d add it, right? Well,…
Read More08.28.2019
Office Real Estate is Changing. Are You?
The needs of office space tenants are more demanding than ever. But knowing what trends are around the corner is an easy way to stay a step ahead of the competition and exceed your client’s…
Read More08.23.2019
ABQ Leaders Exploring New Paid Leave Law
By next summer, all businesses in unincorporated Bernalillo County with at least two employees will have to offer workers paid time off. Now city of Albuquerque leaders are exploring the impact of creating the same…
Read More08.22.2019
Yield Curve Inversion Might Be a Good Thing for CRE Investors
Wider gap between bond rates and cap rates might encourage greater levels of real estate investment. The yield curve inversion can help borrowers in the commercial real estate industry, some industry sources say. The yield…
Read More08.21.2019
August 2019 LIN Properties
At the August 2019 LIN Meeting held on August 21, 2019, 8 excellent properties were presented. Thank you for presenting properties and attending the meeting! Thank you to Anthony Johnson and Gannon Coffman who hosted:…
Read More08.20.2019
County Commission OKs Paid Leave Ordinance
Doing business in Bernalillo County will now mean meeting a new standard after the County Commission decided to require employers in the unincorporated areas of the county to offer their workers paid leave. The commission…
Read More08.19.2019
Bank or Private Loan: Which Financing Strategy Should You Choose?
What to consider when choosing a lender for your real estate investment. Borrowers looking to increase their assets and diversify their portfolios have more financing options today than ever before. Yet securing the proper financing…
Read More08.19.2019
Land Use & Development Tips – May Lunch & Learn Recap
The May Lunch & Learn featured Tim Casey, Economic Development Administrator with the City of Brookfield, who provided a balanced look at important steps not to be overlooked in site selection. Tim also offered insights on best practices for working with municipalities to help…
Read More08.16.2019
Will 2019 Set a Record for Industrial Real Estate Sales?
Both REITs and foreign institutional investors have been very active in the sector. The current high price tags for industrial real estatedon’t seem to be discouraging investors. While total investment sales volume in the sector decreased…
Read More08.16.2019
Changes Sought for Paid Leave Bill
Business groups push revisions before vote Business groups battling Bernalillo County’s paid leave proposal are pushing for significant changes to the bill ahead of Tuesday’s vote, asking that the law exempt smaller employers and require…
Read More08.15.2019
The $3.4 Trillion Haven Where Investors ‘Hide Out for a While’
As fears of a global economic slowdown deepen and stock prices swing wildly, many U.S. investors are running for cover in money-market funds. Extended trade tensions between the U.S. and China are exacerbating concerns of…
Read More08.13.2019
Need Space at Work? Just Say ‘Open Sesame’
Transparency is one of the biggest trends in modern office design: open floor plans, fewer offices, glass walls and doors. And at a time when #MeToo has called attention to the sordid things that can…
Read More08.12.2019
Take Action & Encourage Amendments: Paid Sick Leave 8/20
Please Share this with your REALTOR® Colleagues, Clients, and the Bernalillo County Commissioners. Tell the Bernalillo County Commission to Consider Amendments to Proposed Ordinance Mandating Time Off for Employees An Open Notice to Members of…
Read More08.12.2019
Meow Wolf Plans Massive Santa Fe Expansion
Fast-growing New Mexico arts startup Meow Wolf, which is bringing its immersive experiences to several major U.S. cities, is planning a massive expansion in its hometown of Santa Fe. Last month, the company filed plans with…
Read More08.12.2019
Foreign CRE Investors Benefit from Lower Hedging Costs
The lower costs could lead to an uptick in foreign investment in U.S. real estate. The drop in interest rates is creating favorable ripple effects across the commercial real estate market in terms of lowering the cost…
Read More08.12.2019
The Hotel Sector May Be Looking at a Slowdown in Rent Growth
Fewer foreign tourists and a high construction pipeline expected to lead to less revenue growth for hotel operators for the remainder of 2019. The good times for the hotel sector are expected to keep on…
Read More08.12.2019
Multifamily Market Growing Faster than Expected
At the start of 2019, Freddie Mac’s Multifamily Outlook forecast a continuation of the strong and stable market we have experienced throughout the past few years. We anticipated that new supply in certain markets would…
Read More08.12.2019
Report: NM Water Stress Level Extremely High
New Mexico is the only U.S. state facing extremely high baseline water stress, according to data published this month by the World Resources Institute. This latest report by the global research organization measures New Mexico’s…
Read More08.12.2019
2019 Intersections: Commercial Real Estate Event of the Year
PLEASE JOIN US FOR THE COMMERCIAL REAL ESTATE EVENT OF THE YEAR! One Place – One Day! Connecting Inspiration, Ingenuity & Commercial Real Estate. Where real estate gets real. Make friends and expand your connections,…
Read More08.09.2019
August 2019 CCIM Deal Making Session Properties
Thanks to all of the brokers, sponsors, and guests who attended the August 2019 CCIM NM Deal Making Session and to those who shared their properties. Click here to view source PDF. Click here to view the…
Read More08.08.2019
How to Avoid an Affordable Senior Housing Crisis: Provide for the “Forgotten Middle"
A recent study on the “forgotten middle” predicts that by 2029, 54 percent of seniors will not have the financial means to pay for their combined housing and health costs. Sponsored by Bellwether Enterprise Real…
Read More08.08.2019
Boomers and Their Kids (and Grandkids) Are Fueling Metropolitan Population Growth
Millennials and baby boomers are solidifying their stature as city dwellers. For many, the preference for metropolitan living represents a welcome and exciting change from a decades-long suburban existence. One survey of millennials found that…
Read More08.08.2019
NM Ranks 3rd in US for Wind Power
New Mexico was ranked third in the nation in wind energy, as the state moves toward adopting more carbon-free energy options following the latest legislative session. The American Wind Energy Association’s (AWEA) second-quarter market report…
Read More08.08.2019
July 2019 Commercial Market Trends
View a New Mexico Market Trends Summary Report, which includes July 2019 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 More08.07.2019
How to Retain Tenants During a Construction Boom
Southern California is in the midst of an apartment construction boom, but savvy property managers are hanging onto tenants as new supply delivers. Southern California…
Read More08.05.2019
How Today’s Rental Property Owners Can Prepare for Marijuana Legislation
As more states legalize marijuana use, apartment building owners have to anticipate potential issues. Ten years ago, there were only 13 states in the U.S. with laws allowing medical marijuana use and zero allowing recreational use.…
Read More08.04.2019
Who In CRE Benefits From The Fed’s Benchmark Interest Rate Cut?
The Federal Reserve's decision to slash its benchmark interest rate by 25 basis points is expected to have only a marginal impact on the commercial real estate market, analysts say. But there is some potential…
Read More08.01.2019
Las Cruces (NM) Celebrates 4th Annual Monuments to Main Street Month in September
Festivals, hikes, and tours make September a monumental time to experience southern New Mexico Designed to celebrate all three national monuments in the Las Cruces area along with the city’s cultural wealth, the 4th Annual…
Read More08.01.2019
Mixing It Up: Considerations for a Retail-Residential Development
Looking at one hypothetical project can highlight the opportunities and challenges associated with mixed-use developments. Mixed-use developments, by definition, include competing and often mutually exclusive interests. A developer wants to attract customers to the corner…
Read More07.30.2019
Modest Uptick in Commercial Property Sales and Prices in 2019 Q2
Commercial real estate deals and prices of properties that are typically less than $2.5 million are still rising though at a modest pace, according to NAR’s 2019 Q2 Commercial Real Estate Market Trends & Outlook Report. In…
Read More07.26.2019
8 NAR Commercial Priorities for the 116th Congress
1. Americans with Disabilities Act Lawsuit Reform Title III of the Americans with Disabilities Act (ADA) requires that public accommodations – including commercial establishments – be ADA compliant. Under the ADA, attorneys may collect fees…
Read More07.26.2019
Senate Hearing on Cannabis Banking Issues
On Tuesday, July 23, the Senate Banking Committee, led by Chairman Crapo (R-ID) and Ranking Member Brown (D-OH) held a hearing on “Challenges for Cannabis and Banking: Outside Perspectives.” The first panel was comprised of…
Read More07.24.2019
July 2019 LIN Properties
At the July 2019 LIN Meeting held on July 17, 2019, 8 excellent properties were presented. Thank you for presenting properties and attending the meeting! Thank you to David Oberstein who hosted The Marshall Building…
Read More07.24.2019
SF Named a Boomtown in National Survey
Santa Fe is the biggest “boomtown” in the state of New Mexico, according to a self-described “money lifestyle website.” But cities like Rio Rancho, Carlsbad and Hobbs may be more deserving. GOBankingRates released its list…
Read More07.23.2019
Malls Are Filling Their Empty Spaces with Doctor's Offices
As malls search for innovative ways to draw in shoppers and fill empty storefronts, they are turning to unexpected partners: health clinics. Mall of America in Minneapolis, America's largest mall, announced plans last week to open a 2,300-square-foot walk-in…
Read More07.16.2019
‘The Next Chapter in the Evolution of the Open Workplace’
In recent years, new office designs have encouraged employees to get moving. Cafes and lounges beckon workers when they need a break. Open staircases spur them to climb floors rather than take the elevator. Sit-stand…
Read More07.15.2019
Designing Insta-Worthy Retail Spaces
Brick-and-mortar renovations focus on experiences and flexibility to attract customers and maximize profitability. Not so long ago, retail space would get a facelift every five to seven years, but the influence of the digital world…
Read More07.15.2019
FCC Seeks Comment on Accelerating Broadband Deployment in Multi-Tenant Buildings and Preempts Wire-Sharing Requirement in San Francisco Ordinance
The availability of broadband Internet service in apartment buildings, condominiums, and office buildings, or what the FCC calls multiple tenant environments (MTE), was the subject of a Notice of Proposed Rulemaking (NPRM) and Declaratory Ruling released on…
Read More07.15.2019
Co-working Office Buildings on the Rise
Demand for co-working spaces is expected to show continued strong growth over the next few years, as more younger workers favor flexible office space over traditional office settings, according to BBG, a leading commercial real…
Read More07.15.2019
July 2019 CCIM Deal Making Session Properties
Thanks to all of the brokers, sponsors, and guests who attended the July 2019 CCIM NM Deal Making Session & Forum and to those who shared the July 2019 CCIM NM Properties. Click here to view source…
Read More07.15.2019
The Value of Percentage Rent in Long-Term Ground Leases
The higher potential returns of percentage rent may make it a worthwhile lease model for landlords. A principal challenge inherent in long-term ground leases is that they are contracts to be performed over an extended period. Ground…
Read More07.15.2019
Sawmill Market Rises in ABQ
In the early 20th century, Albuquerque’s vibrant timber industry was quartered in a neighborhood just north of Old Town, where lumber products were sourced and sold across the West. Today, one of the largest remaining…
Read More07.15.2019
New and Revised NMAR Forms
NMAR has released new and revised NMAR forms. These forms will be released through the INSTANET Transaction Desk, ZipForms and DotLoop after July 15, 2019. Below is a synopsis of the new or revised forms,…
Read More07.11.2019
‘The Experiential Office’ is Here as Property Managers Take a Cue From the Hospitality Industry
Today’s tenants expect and deserve a workplace that enables them to deliver their best performance and be their best selves. As audience engagement experts, JLL is fusing the concepts of property management and hospitality together…
Read More07.10.2019
World Trade Center Mall Has a Plan to Get You to Stick Around
The mall’s owner, Unibail-Rodamco-Westfield, is adding more food and fitness options. There are always crowds at the shopping mall inside the Oculus transit hub in lower Manhattan: commuters rushing to their trains, tourists wandering about…
Read More07.10.2019
Blockchain Use in Real Estate
Casey Kuhlman, CEO of Monax, discusses positive impacts he predicts blockchain will have in real estate investment, development and in the market. Blockchain, an innovative technology which was first developed in 2008, is gaining momentum…
Read More07.10.2019
Advocating a Diverse, Inclusive NM Economy
To build a truly robust entrepreneurial ecosystem that benefits everyone in New Mexico, a lot more marginalized, disadvantaged populations must be brought into the fold, WESST President Agnes Noonan told the Albuquerque Economic Forum Wednesday…
Read More07.09.2019
Film Center Could Be ‘Game Changer’ for Rail Yards
A consultant hired to study the financial feasibility of redeveloping the Albuquerque Rail Yards called a planned community college film center a “game changer” – one that could “define the economic purpose of the site”…
Read More07.09.2019
Reis: National Retail Vacancy Experiences First Drop Since 2016 Among Neighborhood Shopping Centers
The neighborhood and community shopping center retail vacancy rate fell 10 basis points to 10.1 percent in the second quarter, according to New York-based commercial real estate data firm Reis. This is the first time…
Read More07.08.2019
A New Type of Anchor Tenant Lands in Winrock
In a way, the recent news from the ongoing redevelopment of Winrock Town Center reflects a return to the mall’s groundbreaking roots. In June, New Mexico Orthopaedics signed a lease to occupy 68,000 square feet…
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