01.02.2015

Room to grow?…Hundreds of new homes on the drawing board in Las Soleras at the south end of Cerrillos Road

[caption id="" align="alignnone" width="403"] This portion of the Las Soleras area near the south end of Cerrillos Road at Interstate 25 is the planned home for a new residential development. (Eddie Moore/Albuquerque Journal)[/caption] Times change,…

01.01.2015

Economic Forecast for 2015: Sunny Days with Occasional Cloudy Periods

Looking at 2015, the domestic economic landscape finally looks solid if unspectacular. Unemployment rates should keep falling, house prices are likely to rise by 5%, and despite poor global economic conditions, the American economy will strengthen. Moreover,…

01.01.2015

2014 Albuquerque Progress Report

Dear Albuquerque Citizens, The Albuquerque Progress Report (APR) is issued every two years and shows Albuquerque's progress toward reaching a set of long-term goals, established with the input of its residents. Since 1995, our residents…

12.31.2014

How We Got Here: A Look Back at Right-to-Work's Road to the Roundhouse

The recent news that two right-to-work bills will soon hit the Roundhouse is just the latest event in the debate over unions and economic development in New Mexico. Here's a look back at the evolution…

12.31.2014

The Four Corners Monument is a Simple, Unique Curiosity

[caption id="" align="alignnone" width="388"] It's a familiar sight at the Four Corners Monument: Tourists taking shots like this to show they can be in as many as four places all at once. Photos by Will…

12.31.2014

Year in Review: 2014's Top Publicly Funded Commercial Construction Projects

The city funded or pitched in on a multitude of high-profile commercial construction projects all across the metro this year. Yes, there was the Paseo del Norte/I-25 interchange project; the city funded about $50 million…

12.30.2014

New Mexico's Population Shrinking, Census Says

The latest numbers from the U.S. Census Bureau show New Mexico is still losing population — one of the few states in the nation experiencing a contraction, according to a KOB TV report. New Mexico…

12.29.2014

'Right-to-Work' Legislation Targets Mandatory Union Fees

A Republican state senator from Albuquerque has introduced “right-to-work” legislation that would prohibit private-sector employees from being required to join a union or pay union fees as a condition of employment. The proposal, which was…

12.29.2014

December 2014 Commercial Market Trends

View a New Mexico Market Trends Summary Report, which includes December 2014 Commercial Market Trends. This report includes total number of listings, asking lease rates, asking sales prices, days on the market and total square feet…

12.29.2014

2014 Commercial Real Estate Projects

It was an active year in Albuquerque area commercial real estate, even as the city continued to emerge from the recession. Perhaps the most significant commercial project of 2014 was the completion of the $93…

12.29.2014

2015 CARNM Dues – Renew to Avoid Interruption to Services

CARNM online bill payment is no longer available.  CARNM 2015 membership dues can be emailed, faxed or mailed to the CARNM office. Updated invoices were mailed on Friday, January 2, 2015. If CIE fees are not…

12.18.2014

Successful Women in Commercial Real Estate Featuring Cathy Jones

Click here to listen to podcast. Cathy Jones, CCIM has built her firm, Sun Commercial Real Estate, into the number one woman-owned commercial brokerage in the Greater Las Vegas market, reaching $650 million in commercial…

12.17.2014

New Mexico Experience to Aid Lopez at Bureau of Reclamation

Estevan López spent a dozen years managing water controversies in drought-prone New Mexico as director of the Interstate Stream Commission and the deputy state engineer. That training was about the best anyone could get for…

12.15.2014

Mayor, Governor Open Paseo, I-25 Interchange

The Paseo del Norte/I-25 interchange is finally set to open. Construction crews are putting the finishing touches on the $93-million project right now. On Tuesday, barrels will be gone and so will a lot of…

12.15.2014

Albuquerque Gets Bloomberg 'Innovation Team' Grant

Local efforts to boost educational opportunities and career paths for young people helped Albuquerque land up to $1.2 million in funding as part of the Bloomberg Philanthropies’ Innovation Teams program, Mayor Richard Berry said Monday.…

12.15.2014

Multifamily Sector Embraces Green Movement

Staying current on incentives and programs available to multifamily owners and developers keeps real estate pros better positioned to discuss and market such properties. Green isn’t just for single-family home owners anymore. Environmentally friendly properties…

12.11.2014

Identifying Top Metro Areas Attractive to Baby Boomer Buyers

Metro areas with a lower cost of living and sunnier weather are poised to see an increased number of Baby Boomers moving in and buying a home as some delay retirement and remain participants on…

12.10.2014

25 Big Mistakes Made in CRE Investing

WALNUT CREEK, CA— The CRE industry is different than all other industries in that it is a transaction based model. The lifeblood of the industry is dependent on sale, financing and lease transactions. The most…

12.10.2014

Dealmaking: Do the Different Thing in Transactions

If honing your negotiation skills is one of your New Year's resolutions, consider the suggestion by one trainer: Do the counterintuitive thing to help move the transaction along. Trainer Mira Zaslove, in an expanded article…

12.09.2014

Las Cruces Medical School Gets Crucial Preapproval

The $85 million project that will bring an 80,000-square-foot medical school to the campus of New Mexico State University is on schedule to break ground early next year. That's in part because the Burrell College…

12.04.2014

New Mexico's Top Commercial Building Projects Honored at NAIOP Event

"The Princess Bride," "Wizard of Oz," "Animal House" and "Bridesmaids." Those were some of the movie themes that were part of NAIOP New Mexico's final curtain call of the year: "Friday Afternoon at the Movies."…

12.04.2014

At AED Lunch, Tonjes Honored After 20 Years

Gary Tonjes was honored today for 20 years of service to the Albuquerque Economic Development at its last investors luncheon of the year, and the event shed a bit of light on some recent economic…

12.01.2014

Multifamily Showdown

Buyers battle and sellers win as investors fight for apartment properties. Multifamily properties have been a hot commodity in recent years. And potential threats on the horizon in terms of looming interest rate hikes and…

11.24.2014

Commercial Real Estate Outlook: 2014.Q4

November 2014 Commercial Real Estate Outlook Economic Overview: Commercial Demand Gets Boost from Economic Momentum in Q3 Amid worries of a global economic slackening, U.S. gross domestic product(GDP) increased at an annual rate of 3.6percent during the…

11.24.2014

Interstate Stream Commission Approves Gila River Diversion

[caption id="" align="alignnone" width="550"] The Gila River in the Mongolian Mountains. A project approved by the Interstate Stream Commission on Monday would divert water from the river for use in southwestern New Mexico farms and…

11.24.2014

November 2014 Commercial Market Trends

November 2014 Commercial Market Trends View a New Mexico Market Trends Summary Report, which includes November 2014 Commercial Market Trends. This report includes total number of listings, asking lease rates, asking sales prices, days on the…

11.24.2014

Commercial Real Estate Demand is Holding Steady Despite Overseas Concerns

WASHINGTON – Despite a slowing global economy, forward economic momentum in the U.S. should keep commercial real estate activity on firmer footing, according to the National Association of Realtors® quarterly commercial real estate forecast. Lawrence…

11.20.2014

CARNM Reveals REALTOR and Deals of the Year, New Leadership

Dan Newman, a longtime Albuquerque office and industrial specialist, received high honors from the New Mexico commercial real estate industry Tuesday. Newman, a first vice president in the New Mexico office of CBRE, was named…

11.18.2014

2014 CARNM Annual Meeting Highlights

On November 18 at our CARNM Annual Meeting,  we celebrated a successful 2014 with 140 attendees! To view pictures of the event on the CARNM Facebook page, click here. Congratulations to our award recipients: 2014…

11.18.2014

The Global Economic Slowdown and the Impact on the U.S. Economy

The U.S. trade deficit will widen in the upcoming months and thereby trigger a slowdown in the U.S. economy.  Why? Japan has officially fallen into a recession with two straight quarters of economic contraction.  Eurozone…

11.18.2014

2014 REALTOR of the Year Award by the Commercial Association of REALTORS

Dan Newman, a longtime Albuquerque office and industrial specialist, received high honors from the New Mexico commercial real estate industry Tuesday.   Newman, a first vice president in the New Mexico office of CBRE, was…

11.13.2014

National Association of REALTORS® Policy Statement: Unmanned Aerial Vehicles

Approved by the NAR Board of Directors November 10, 2014 The National Association of REALTORS® advises members that the use of unmanned aerial vehicles for real estate marketing is currently prohibited by the Federal Aviation…

11.10.2014

ABQ Outlook Dim for New Office, Industrial Construction

The prospect of new commercial construction looks pretty dim in the Albuquerque metro area’s office and industrial real estate markets, which continue to sputter along in step with the stagnant local economy, according a panel…

11.09.2014

Proposed Development Could Bring 3,000 Jobs to Unit 10

Planning is moving forward for what could be Rio Rancho’s next major development — a 150-acre site in Unit 10 proposed to have 450 home sites and a large business park that could bring 3,000…

11.08.2014

Future of Space Tourism Delayed, Not Doomed at Spaceport America

LAS CRUCES >> What's to become of Spaceport America in the wake of the crash of Virgin Galactic's experimental rocket-powered spaceship that broke apart over the California desert? [caption id="" align="alignnone" width="500"] Wreckage lies near…

11.05.2014

November 2014 CCIM Properties

Thanks to all of the brokers, sponsors and guests who attended the November 2014 CCIM Deal Making Session. Over 13 million dollars of commercial real estate properties available for sale were presented from all over New…

11.04.2014

How Virtual Reality and Other Technologies Will Disrupt Real Estate

While commercial real estate has occasionally lagged behind other business sectors in use of emerging technologies such as three-dimensional virtual reality environments and real-time data mining, panelists at the ULI Fall Meeting said such advances promise…

11.01.2014

Dangerous Deflation

On the surface deflation sounds wonderful. Rather than rising prices, deflation results in declining prices. In this way, purchasing power rises, effectively giving everyone a pay raise. Better yet, deflation is accompanied by near zero…

11.01.2014

Airports: The Downtowns of Tomorrow

These growing hubs of economic activity aren't just for tourists and transit anymore. Once viewed primarily as gateways to cities, airports have emerged as economic engines in their own right—and are fueling rapid commercial and…

11.01.2014

Hunting for NNNs

Triple-net leases have their risks, but the biggest investor challenge is simply getting one. Your client just sold a small apartment building and is weary of the hassles of the landlord experience. While a capital…

10.29.2014

October 2014 Commercial Market Trends

October 2014 Commercial Market Trends View a New Mexico Market Trends Summary Report, which includes October 2014 Commercial Market Trends. This report includes total number of listings, asking lease rates, asking sales prices, days on the…

10.27.2014

Virgin Galactic Lifts Off in Mojave

[caption id="" align="alignnone" width="457"] Approaching on the main road toward the Spaceport America facility near Truth or Consequences, N.M. visitors get this view of the rear of the futuristic Virgin Galactic Gateway to Space terminal/hanger…

10.23.2014

CompStak Exchange Transforms the Commercial Real Estate Industry

Today, commercial real estate tech start-up CompStak launched CompStak Exchange, a new platform of the lease comp database platform free for commercial real estate brokers, researchers, and appraisers. CompStak Exchange features enhanced functionality to facilitate…

10.23.2014

Building a Power Network – Bob Rosenberg Interview

Collaboration is a powerful way to add value to your engagements with clients, reminds Bob Rosenberg, CCIM, founder of InvestNet. Learn more about best practices for hiring and strategies to ensure that you and your…

10.23.2014

Infographic: 2014 Commercial Real Estate Research

Infographic: 2014 Commercial Real Estate Research Click here to view infographic. For more information about these and other research reports produced by NAR, visit the Research Reports page. For more information on commercial real estate,…

10.23.2014

UNM President Says Improving Downtown Key to Innovate ABQ Success

As the master plan for Innovate ABQ takes shape, University of New Mexico president Bob Frank shared his thoughts on Thursday morning about what the center will look like and his vision for innovation in…

10.22.2014

The Voice for Commercial Real Estate

10.17.2014

NAR Meets with FAA on UAVs

Unmanned Aerial Vehicles (Drones) Background Given the current FAA prohibition, the National Association of REALTORS® recommends that its members not use this technology for any purpose related to selling property. Technological advances have made it…

10.17.2014

Truck-to-Rail Project in Milan, NM to Offer $92,000 Jobs

A Delaware company announced Thursday it will invest $52 million in a truck-to-rail facility in Milan to help move oil from the Four Corners region to market. NLG Energy Partners’ facility will create 62 jobs…

10.16.2014

Countdown to Monday Launch at Spaceport

[caption id="" align="alignnone" width="399"] The Up Aerospace SpaceLoft8 rocket launces at the vertical launch site of Spaceport America on a suborbital mission on November 12, 2013.[/caption] LAS CRUCES — UP Aerospace is set for its…