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Walmart Nears Completion of 42,000-Sq.-Ft. Neighborhood Market in Rio Rancho

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.…

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NMSU Announces Opening of $12.6M High-Tech Building

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…

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Albuquerque City Council Approves $1.8M for ABQid’s “Business Accelerator”

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.…

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UNM Hospitals Break Ground on Outpatient Clinic to Meet Demand in North Valley

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…

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The Daskalos Family Acquires Two Shopping Centers in Albuquerque

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…

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Office Building in Uptown Albuquerque Up For Sale for $6.4M as Residential Conversion

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.…

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Heritage Hotels Announces Plans for 2.6-Acre Boutique Hotel in Old Town Albuquerque

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…

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Rita’s Italian Ice Restaurant Announces Launch into New Mexico

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.…

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New Mexico’s Burrell Family Funds $85M Private Medical School

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…

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Virgin Galactic Chooses New Mexico Hotel to House its Future Space Travelers

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.…

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Moderate-Income Apartments in Downtown Albuquerque Nears Completion

Moderate-Income Apartments in Downtown Albuquerque Nears Completion

The mixed-use project located at the periphery of Albuquerque’s Central Business District along historic Route 66 at 901 Park Avenue SW is nearing completion. The opening date is set for August 8, reports Albuquerque Business First.…

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HB Construction Builds $10M Boys & Girls Club With Funding From J.F Maddox Foundation

HB Construction Builds $10M Boys & Girls Club With Funding From J.F Maddox Foundation

J.F Maddox Foundation, the philanthropic foundation which invests in education, community development, and social programs, has offered funding for a new $10 million Boys & Girls Club facility at 301 E. Broadway St. in Hobbs. The general contractor on the project is Albuquerque-based HB Construction.…

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