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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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DeAngelis Diamond Healthcare Announces $10M Treatment Center in Albuquerque

DeAngelis Diamond Healthcare Announces $10M Treatment Center in Albuquerque

The Naples, Florida-based DeAngelis Diamond Healthcare Group, LLC has announced the development of a new residential treatment center in Albuquerque for Acadia Healthcare. The construction of the facility will be divided into two phases.…

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Imus Ranch Listed for Sale at $32M

Imus Ranch Listed for Sale at $32M

In northern New Mexico there’s a Ranch for Kids With Cancer that’s been listed for sale by its owner, the renowned cranky WABC radio and Fox Business News morning personality, Don Imus. The main reason behind the transaction is Imus’ belief that his family could support more charitable foundations with…

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Magnuson Hotels Announces the 400th Best Western Conversion, in New Mexico

Magnuson Hotels Announces the 400th Best Western Conversion, in New Mexico

The Magnuson Hotel and Suites Alamogordo, located south of Albuquerque, has recently been converted becoming the 400th Best Western the company is taking upon. Formerly the hotel was known as Best Western Desert Aire.…

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Historic Motel and Old Town Parcel on Route 66 to Get $15.9M Makeover

Historic Motel and Old Town Parcel on Route 66 to Get $15.9M Makeover

A historic motel along Route 66, currently left to crumble, will get a consistent makeover as part of an ongoing plan to revitalize a section of the popular highway. The Pueblo-style El Vado Motel will begin transformation in 2016.…

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Historic La Fonda On the Plaza Hotel Changes Ownership

Historic La Fonda On the Plaza Hotel Changes Ownership

One of the historic and iconic centerpiece buildings of Santa Fe is changing owners. La Fonda on the Plaza, the 85-year old hotel, will belong in a few weeks to longtime family friends of the Ballen family, the current owners.…

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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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