Albuquerque
Walmart Nears Completion of 42,000-Sq.-Ft. Neighborhood Market in Rio Rancho
At the beginning of the year, Walmart was announcing new developments in the Albuquerque area, of which one neighborhood market in Rio Rancho. The mini-store near the corner of Southern and N.M. 528 is close to completion, while the hiring process has already begun.
NMSU Announces Opening of $12.6M High-Tech Building
By Anca Gagiuc, Associate Editor April 2013 was the ground breaking moment for New Mexico State University’s Pete V. Domenici Hall. This week the grand opening reception is taking place at the building located at 3014 McFie Circle, in the center of the campus. The new building is meant to repurpose the university’s Hershel Zohn […]
Albuquerque City Council Approves $1.8M for ABQid’s “Business Accelerator”
A contract with a nonprofit group called ABQid worth $1.8 million was approved through an unanimously vote by the Albuquerque City Council. The three-year contract represents a new economic-development strategy dubbed “business accelerator” which aims to help entrepreneurs and start-up companies.
UNM Hospitals Break Ground on Outpatient Clinic to Meet Demand in North Valley
The North Valley Center for Family and Community Health at 3401 Fourth Street NW that broke ground recently is the newest outpatient clinic of UNM Hospitals; it’s expected to open next spring. Its purpose is to increase access to quality care and meet the growing demand for medical services in Albuquerque’s North Valley.
The Daskalos Family Acquires Two Shopping Centers in Albuquerque
In June of this year the Four Hills Village shopping center was listed for sale on an online auction. Recently, the Daskalos family, one of the big league players on the local real estate and development scene, is in the final stages of acquiring it together with the Shoppes at Taylor Ranch.
Office Building in Uptown Albuquerque Up For Sale for $6.4M as Residential Conversion
In times that are difficult for the office market in Albuquerque, solutions begin to surface. The four-story office building located right in the center of Uptown offers one: it’s up for sale as a residential conversion opportunity.
Heritage Hotels Announces Plans for 2.6-Acre Boutique Hotel in Old Town Albuquerque
The heart of Old Town Albuquerque will accommodate a new boutique hotel scheduled to open in early 2016. It is the member of the largest independent hotel chain in New Mexico, Heritage Hotels and Resorts, who recently purchased the renowned Eldorado Hotel & Spa. The plans for the multimillion project have been finalized and the development will break ground by late fall.
Rita’s Italian Ice Restaurant Announces Launch into New Mexico
Rita’s Italian Ice, the popular Italian Ice concept with over 600 stores announced its entrance on the New Mexico market. The starting city will be Albuquerque, with the first location scheduled to open in March 2015.
New Mexico’s Burrell Family Funds $85M Private Medical School
February 2015 will be the start month for the construction of an $85 million private medical school, backed by Santa Fe real estate and mining mogul Dan Burrell and his family. Over the course of 60 years the Burrells will make a $30 million donation to the New Mexico State University Foundation.
Virgin Galactic Chooses New Mexico Hotel to House its Future Space Travelers
According to a Marcus and Millichap report, the hotel sector in the Southwest region posted, at the beginning of 2014, its best showing in several years.