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Clear Sky Capital Acquires Apartments in Albuquerque

Clear Sky Capital Acquires Apartments in Albuquerque

Silverado Apartments has exchanged owners in a transaction handled by the rebranded Colliers HSK Multifamily Southwest Team, a partnership between Colliers International in Greater Phoenix and Collier’s office in Albuquerque. The buyer was Clear Sky Capital Inc. of Phoenix and the seller First Pacific Group, a real estate investment and…

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Carmike Cinemas Breaks Ground on 12-Screen Movie Theater at Las Estancias Development

Carmike Cinemas Breaks Ground on 12-Screen Movie Theater at Las Estancias Development

Southwest Albuquerque has broken ground on a 12-screen movie theater at the new Las Estancias, a 79 acre development near Rio Bravo and Coors. This marks the entrance in a new era as it represents the first time in over five decades when the South Valley is getting the chance…

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Toyota Dealership in Albuquerque, N.M. Will Undergo Major Reconstruction

Toyota Dealership in Albuquerque, N.M. Will Undergo Major Reconstruction

The Larry H. Miller American Toyota dealership, located at 5995 Alameda Boulevard, NE Albuquerque and serving Albuquerque, Santa Fe, Rio Rancho, and Las Lunas, will enter a complete reconstruction phase. The remodel works are estimated to take about one year.…

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R.R. Martin to Convert Former Bowling Space to Art Space

R.R. Martin to Convert Former Bowling Space to Art Space

George R.R. Martin continues to pencil his role of protector of art while developing his landlord skills in the city of Santa Fe. After purchasing and bringing back to life the long-abandoned Jean Cocteau Cinema, he repeats the move by acquiring the former Silva Lanes property located at 1352 Rufina…

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Three-Story Downtown Lofts Near Historic District Opens for Renters

Three-Story Downtown Lofts Near Historic District Opens for Renters

In downtown Las Cruces there’s a new apartment complex ready to receive its residents. The Lofts at Alameda, a 38-unit, three-story residential community, a $3 million development, recently received the certificate of occupancy from the city and is ready to rent starting this month.…

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Hotel Chaco, New Boutique Development Owned by Heritage Hotels, Breaks Ground in Old Town Albuquerque

Hotel Chaco, New Boutique Development Owned by Heritage Hotels, Breaks Ground in Old Town Albuquerque

The first hotel to be built in Albuquerque’s Old Town in the past 40 years has just broken ground. Hotel Chaco, the multimillion project of the Heritage Hotels and Resorts, has begun to take shape at Bellamah and 20th NW, adjacent to the 11-story Hotel Albuquerque.…

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Heslin Holdings Acquires Kmart Retail Space for $4.4M

Heslin Holdings Acquires Kmart Retail Space for $4.4M

California-based Heslin Holdings, an investment and development firm, recently announced the purchase of a large piece of Rio Rancho’s Hilltop Plaza Shopping Center. The acquisition represents the retail space currently leased to Kmart, which nears the end of its lease agreement.…

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New Mexico Approves 4 More Solar Power Generators by PNM

New Mexico Approves 4 More Solar Power Generators by PNM

PNM’s plan to build additional solar-powered generating stations has been unanimously approved by the New Mexico Public Regulation Commission. PNM will add four more solar photovoltaic facilities that translate into another 40 megawatts of utility-scale solar power.…

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Gibson Rising to Welcome Chili’s and Chick-fil-A

Gibson Rising to Welcome Chili’s and Chick-fil-A

Gibson Rising is a new 4.5-acre development located on Gibson Boulevard at the southeast corner of the Gibson/University intersection. The property will house two national retail chains, Chili’s and Chick-fil-A. A third restaurant will follow after signing the lease.…

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Love’s Travel Stop & Country Store Acquires 11 Acres in Albuquerque for New Truck Stop

Love’s Travel Stop & Country Store Acquires 11 Acres in Albuquerque for New Truck Stop

Family-owned Love’s Travel Stop & Country Store announced plans to expand in Albuquerque’s West Side by building a second, larger 24/7 truck stop at the Interstate 40 and Atrisco Vista Boulevard interchange. The company has purchased 11 acres of land near the Tempur-Pedic Mattresses facility.…

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Bankruptcy Auction Set for 59-Unit Self-Storage Facility Stormax USA in Albuquerque

Bankruptcy Auction Set for 59-Unit Self-Storage Facility Stormax USA in Albuquerque

Albuquerque-based self-storage facility, Stormax USA, has filed for bankruptcy. As a result, the property will be sold through a live auction on November 24. SVN Auction Services’ Louis B. Fisher III, CAI, is leading the auction efforts. Written bids are due November 21 and will sell to the highest bidder…

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Canyon Gate Takes on Four New Communities in the Past Five Months

Canyon Gate Takes on Four New Communities in the Past Five Months

Canyon Gate added to its community management portfolio three more communities since August; a fourth one will be joining in December. Canyon Gate will provide to all of them the full array of management services, including financial, community management, communications, record-keeping and administrative services.…

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