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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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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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