Multifamily news in Albuquerque
-
Albuquerque Community Changes Hands
Cooper Street Capital financed the acquisition of the 154-unit Lexington Place with a $7.9 million, 5-year acquisition loan from Washington Federal.
19 August 2019 15:54 -
Multifamily Investment: What Fuels Albuquerque’s Climb?
With employers such as Facebook, Netflix and NBC Universal moving in, the metro is becoming attractive for young professionals. HiCap Management’s Joseph Baum and Benjamin Sandel offer insights into this dynamic market.
09 August 2019 10:25 -
Investors Capital Group Sells 264 Units in Albuquerque
Completed in 2000, the sale marks only the second time Canon de Arrowhead traded. JLL originated a $15.8 million acquisition loan for the buyer.
06 August 2019 16:55 -
Affordable Community Breaks Ground in Albuquerque
Nuevo Atrisco's multifamily component of 88 units is scheduled for completion in the first half of 2020. The development also features 30,000 square feet of commercial space and a community center.
25 April 2019 17:50 -
Albuquerque Housing Project Advances with Phase 2
The Highlands is a 12-acre master-planned development featuring eight components, including two residential communities, a Marriott SpringHill Suites Hotel and more than 40,000 square feet of retail and dining.
25 April 2019 16:00 -
Albuquerque Multifamily Report – Winter 2019
Large investments in the area have brought the metro’s job growth in line with the U.S. average for the first time this cycle, boosting rental demand along the way.
05 March 2019 13:38 -
Albuquerque Hotel Set for Multifamily Conversion
The owner of the former Wyndham Albuquerque Hotel and Conference Center will complete the first phase of the 130-unit project by the end of the year.
06 February 2019 15:54 -
Employment Regains Momentum in Albuquerque
As job creation continues at an above-trend rate, the metro’s relative affordability could prompt migration into the state, bolstering multifamily demand.
19 December 2018 17:13 -
Hamilton Zanze Trades ABQ Community
Thayer Manca Residential acquired the 264-unit Class B community, with Zions Bank providing more than $25 million in acquisition financing.
11 December 2018 13:48 -
Peak Capital Acquires NM Asset
KeyBank provided the buyer of the 120-unit, Class B multifamily property with more than $11 million in Fannie Mae financing.
28 November 2018 18:02 -
Top 10 Multifamily Loans Originated in Albuquerque
Heightened multifamily sales activity in the metro during the first three quarters has led to a boost in lending, with several investors securing Fannie Mae and Freddie Mac financing to cover their acquisitions.
16 November 2018 10:52 -
Community for Homeless Proposed in Albuquerque
A local business alliance plans to construct a campus-style property west of the city with space for approximately 170 people.
22 October 2018 13:04 -
Albuquerque Housing for Homeless Opens Doors
The developer broke ground on the new 52-unit building at the city’s largest shelter for homeless people, Joy Junction, in May 2017.
22 October 2018 12:57 -
NM Development Lands Tax Relief
The Albuquerque City Council approved the metropolitan redevelopment bond to support construction of the 226-unit Broadstone Northpoint Apartments, which broke ground in early 2017.
19 October 2018 15:23 -
Titan Development Proposes ABQ Community
The company’s plans call for the addition of 102 market-rate apartments, adding to the Midtown/University submarket’s existing supply of 3,700 units.
19 October 2018 15:13