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Commercial Association of REALTORS® - CARNM New Mexico

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01.04.2018

Self-Storage Builds Reach New $ Peak

“The surge in construction of self-storage facilities across the country has been one of the biggest growth areas in the commercial real estate market” over the past year, says Chris Roach at BBG. Still regarded…

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01.04.2018

December 2017 Commercial Market Trends

View a New Mexico Market Trends Summary Report, which includes December 2017 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…

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01.03.2018

New Mexico Moves Up in Oil and Gas Rankings

Thanks to more barrels of oil being pumped monthly from the Permian Basin, New Mexico is among the nation’s top producing states. Industry officials in New Mexico on Wednesday celebrated the latest figures released by…

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01.02.2018

The Many Unknowns In The Tax Bill’s CRE Provisions

The Tax Cut and Jobs Act is the biggest change to the US tax code in 30 years. Little wonder, then, there are provisions that need further clarification from the Treasury Department. Here are the…

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01.01.2018

CAM AND PROPERTY TAX AUDITS: The Modern Day Litmus Test for Landlord Integrity

The so called "audit clause" is an extremely important part of any lease where a tenant is responsible for a portion of CAM (common area maintenance expenses) and property taxes. Some landlords are scrupulously honest…

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01.01.2018

Commercial Real Estate Is Not Local Anymore

When Thomas Friedman published his seminal book, The World is Flat: A Brief History of the Twenty-First Century, in 2005, his analysis of globalization described a new world order of commerce wherein all competitors have…

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01.01.2018

Can An Airbnb Model Ease The Demand For Warehouse Space?

The unrelenting growth of e-commerce continues to drive demand for warehousing and distribution space, and while that demand certainly validates the heightened interest by investors in the asset class in recent years, industrial users in…

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01.01.2018

2018 Outlook

How long will real estate’s "hot streak" continue? At least through 2018, according to the experts. The Urban Land Institute (ULI), in its "Real Estate Consensus Forecast," predicts a number of areas of continued strength,…

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01.01.2018

The Next Wave Of Tech Disruption For CRE

The newest advancements in technology are nothing short of amazing. Today we communicate with people on different continents using handheld devices. The Internet of Things (IOT) is reshaping our home and work environments; we have…

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01.01.2018

San Juan Region Scrambles to Shift to New Economy

Christmas brought a new lump of coal-fired headaches to San Juan County. Two of the four generating units at the San Juan Generating Station near Farmington permanently closed just before the holidays. That long-awaited shutdown…

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12.30.2017

2012 CARW Golf Outing Sponsors

The 2013 CARW Golf Outing, presented by BMO Harris Bank, is pleased to announce this year's sponsors!  A special thank you to all that support this great event. 2013 CARW Golf Outing Sponsors

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12.29.2017

Is Albuquerque The Next Trendy City?

Is Albuquerque primed to be the next Austin? Our Gnational Gnomad and travel expert Meagan Wristen of Mommy Travels ventured out to Albuquerque to discover the answer. It has been almost two decades since I stepped…

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12.28.2017

Brewing Up A New Use For Old Buildings

The domestic beer industry is booming, but not just to the benefit of the large corporations that produce the vast majority of beer in the United States. The craft brewing trade has changed the status…

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12.28.2017

REALTORS® Help Cities Plan for Walkability

With grant support from the NATIONAL ASSOCIATION OF REALTORS®, six local REALTOR® associations have partnered with their local governments to sponsor “WalkShops.” Whether you live in the city or the suburbs, being able to walk…

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12.28.2017

Mall Makeovers Turn The Corner

ENTIRELY NEW COMMUNITIES ARE RISING LIKE PHOENIXES F ROM THE ASHES OF DYING MALLS, BUT THAT OPTION MAY NOT B E WORKABLE FOR ALL O F TODAY’ S DISTRESSED CENTERS. Too many of the nation’s…

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12.28.2017

2017 Community Preference Survey

Three responses jump out from the latest Community and Transportation Preferences Survey by the NATIONAL ASSOCIATION OF REALTORS®. Six out of 10 people said they would spend more (17 percent “a lot more” and 43…

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12.27.2017

5 Questions With CARNM's REALTOR of the Year

Jim Wible, 57, was named Commercial Association of REALTORS New Mexico's "REALTOR of the Year" for 2017 – an award he said emphasizes more than just real estate. Wible, director at NAI Maestas and Ward, said…

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12.27.2017

LOTS of CRE Events in April!

April is shaping up to be a busy month for CRE events: April 15 - CARW Happy Hour sponsored by Redmond Company April 16 - SIOR Industrial Panel click here April 21 - ICSC/CARW Retail…

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12.26.2017

US Industries Can Start Counting Their Benefits From Tax Law

Craft breweries are raising a glass to the Republicans’ new tax overhaul: It cuts the excise tax on beer. Retailers, long saddled with heavy tax bills, will get relief. So will some high-profile names in…

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12.26.2017

Taos to Gain More Renewable Energy

Taos’ electric cooperative has announced it will build its largest solar array yet, to provide power for about 1,500 area homes. In a news release, Kit Carson Electric Cooperative and its provider Guzman Energy Partners…

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12.22.2017

The Importance Of A Timely And Detailed Zoning Report

Zoning due diligence, always a necessary process in every commercial real estate transaction, is now more important than ever. Zoning due diligence has become a necessary process in every real estate investment transaction. A zoning report is a very…

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12.21.2017

Rally for the Arena – March 20th – 9:15 a.m.

Friday, March 20th 9:15 a.m. Alverno College Pitman Theater 3400 S 43rd Street Join Us to show the Joint Finance Committee your support of the Arena! Download flyer here.

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12.21.2017

US Economy Grew at Solid 3.2 Percent Rate in Third Quarter

The U.S. economy grew at a solid 3.2 percent annual rate from July through September, slightly slower than previously estimated but still enough to give the country the best back-to-back quarterly growth rates in three…

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12.21.2017

ABQ Sick Leave Plan Gets Mixed Reviews

The proposed sick leave ordinance introduced during Monday’s City Council meeting is getting mixed reactions, with the Greater Albuquerque Chamber of Commerce supporting the measure and worker rights groups saying it would be the worst sick leave…

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12.21.2017

Grocers Keep Calm, Carry On After Whole Foods Deal

Amazon’s $13.7-billion debut in brick-and-mortar grocery sales hasn’t led to a material decline in fundamentals for strip center REITs, say analysts with BTIG. Amazon’s June 16 announcement that it would purchase Whole Foods Market for…

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12.20.2017

Realtors® Say Tough Work Still Ahead as Tax Reform Bill Heads to President's Desk

The U.S. House and Senate today passed the conference agreement of the “Tax Cuts and Jobs Act,” marking a near end-of-the-road for Congress’s tax reform efforts this year. The president is expected to sign the bill later this week.…

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12.19.2017

Deep Labor Shortage To Drive Construction's Future

The historically low US unemployment rate will shape the industry in 2018 and beyond, according to JLL. The US unemployment rate now hovers at around 4.5%, the lowest in many years, and the recent construction…

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12.18.2017

Apartment Investment Conditions Decline Y-O-Y In Q3

On a more positive note investing conditions grew modestly stronger in many metro markets during the quarter compared to the preceding quarter, according to Freddie Mac. In the third quarter multifamily investing conditions grew modestly…

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12.18.2017

CRE Values Will Hold Steady In 2018

Even as retail is tied with industrial for the best value, Situs RERC's Kenn Riggs says that “pricing for high-quality retail is holding up although the market is quiet on the transaction side." Commercial real…

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12.18.2017

How The Conference Committee Tax Reform Measure Handles CRE

In many respects, CRE was unaffected with current law kept in place for several issues. Late on Friday the House of Representatives and the Senate conferees released the legislative compromise of the tax reform bill. Congress…

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12.18.2017

Developers' Pitch For New Theater, Retail Project For Rio Rancho Moves Forward

In Rio Rancho, near the intersection of US 550 and NM 528, lies a property AMREP Southwest Inc. has proposed big plans for, including bringing a new movie theater to the area. And it's now one step…

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12.15.2017

Xceligent Shuts Down, Files For Liquidation

UK-based DMGT, Xceligent's owner since 2012, recently reduced the commercial property data provider's carrying value to zero following earnings disappointments. Commercial property data provider Xceligent Inc. has ceased operations and filed for Chapter 7 liquidation…

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12.15.2017

Michael Fardy 2014 National Commercial Awards Recipient

Congratulations to Michael Fardy, 2014 National Commerical Awards recipient! Michael is being recognized by the National Association of Realtors for his outstanding professional achievements in commercial real estate. For more information on the awards and…

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12.14.2017

CRE Stands To Gain From Tax Package: CushWake

“Negotiations between the House and Senate will have a significant impact on pass-through entities’ passive investments,” says Revathi Greenwood at Cushman & Wakefield. Its impact on GDP growth is likely to be modest, but the…

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12.14.2017

2018 Will See “Wider Range Of Outcomes’

2018 GDP growth could range from essentially flat to upwards of 3%. CBRE's Spencer Levy charts the "macro and micro factors" that could tilt it one way or the other. CBRE Group’s annual US Real Estate…

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12.14.2017

Good News And Bad News For The Hotel Sector

Hotel-market operating conditions remain healthy, but growth potential is limited according to a report from Ten-X Commercial. Hotel-market operating conditions remain healthy but growth potential is limited, according to a report from Ten-X Commercial. The firm’s latest Hotel Monitor Report shows…

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12.14.2017

Does Investment In Foreign Property Make Sense?

For high-net-worth investors, the currency-exchange rates overseas may make luxury purchases in some non-US markets a smart move, XE’s Mike Diaz tells GlobeSt.com. For high-net-worth investors, the currency-exchange rates overseas may make luxury purchases in some…

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12.12.2017

Congratulations to the 2018 CARNM Board of Directors!

Congratulations to the elected 2018 CARNM Board: Ed Anlian, CCIM Sean McMullan, CCIM Walt Arnold, CCIM, SIOR Cole Flanagan Marguerite Haverly Clay Azar Todd Clarke, CCIM Greg Leach Ray Regan Ty Robeck Steve Kraemer, CCIM Kelly…

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12.11.2017

Happy Tenants Make A Healthy Office Market

In looking at the investor’s perspective, Bentall Kennedy executives talk about all things office in this EXCLUSIVE Q&A and give tips on how to managing rent roll to avoid facing a high concentration of lease maturities in…

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12.11.2017

Landlords Ignore Co-Tenancy Clauses At Their Peril

A common provision of shopping center leases, co-tenancy clauses are relied on by national retailers to avoid collateral damage when a shopping center anchor goes dark, writes Ballard Spahr’s Matthew A. White in this EXCLUSIVE commentary. An…

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12.08.2017

Investor Focus Shifts In Multifamily

“Investors are looking to engage in secondary and tertiary markets, where they see increasing opportunity," says Jeff Lee with Capital One Multifamily Finance. Investors in the multifamily sector are turning their gaze outside the urban…

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12.08.2017

How "Permania" Became a Thing (and a Hashtag) For New Mexico

This has been a record-breaking year for oil and gas in New Mexico. Just one example: the New Mexico State Land Office collected more than $30 million from monthly oil and gas lease sales in July, an…

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12.07.2017

Is December Really the Worst Month to Sell Land Real Estate?

Many people think December is the worst month for selling land real estate. There is some truth to that: families tend to want to let their kids finish the school year before moving, the holidays…

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12.07.2017

Retail Leases Pose Unique Challenges For Healthcare Providers

Retail locations open a new world of leasing concerns for the healthcare practitioner. But a little knowledge can go a long way to easing the transition, writes Transwestern's 'Licia Shreves in this EXCLUSIVE commentary. As healthcare practitioners continue to…

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12.05.2017

Six Steps to Take After You Purchase a Land Property

Purchasing a land property can be a wise investment. Whether you are looking to build a home on the property, cultivate farmland, or want the land developed for any other purposes, it is important to…

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12.04.2017

November 2017 Commercial Market Trends

View a New Mexico Market Trends Summary Report, which includes November 2017 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 More

12.04.2017

How The Senate Tax Bill Handles CRE

In most respects the Senate bill treats commercial real estate in a similar fashion to the House bill. Over the weekend the US Senate passed its version of the Tax Cuts and Jobs Act bill in a vote that…

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12.04.2017

2018 CARNM Membership Dues Detailed Invoices

Below are detailed invoices for 2018 CARNM Membership dues for Primary and Secondary members. Please feel free to download and print for your records. For important tax information click here. There is a total increase…

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12.02.2017

Senate-Passed Tax Legislation Bad News for Homeowners

Early Saturday morning, the U.S. Senate, by a vote of 51-49, passed legislation that would change the face of homeownership in this country for decades to come. The House passed its own version of tax…

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12.01.2017

House Committee Hearing on UAS: NAR Seeks More Progress on Drone Rules

NAR in a letter praised federal efforts to safely incorporate small drones into the airspace and encouraged the government to keep making progress in its efforts because the technology is promising for real estate. A…

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