Albuquerque
Albuquerque: Duke City Strives to End Woes
The metro has one of the highest unemployment rates in the nation and moderate population growth, yet its real estate fundamentals continue to lag those of neighboring areas.
10 Markets with the Lowest Expected Supply Growth
The multifamily industry has experienced a recent boom. But with a risk of oversaturation in some markets, development is slowing and deliveries are expected to peak.
Albuquerque: On the Mend
The area’s multifamily market is held back by a persistent struggle with a sluggish labor market. Despite being the hub of New Mexico’s technology corridor, the metro has experienced only modest population and employment growth throughout the recent economic expansion.
Gelt Enters Albuquerque Market
The company purchased Mountain Run Apartments from Chartwell Capital Partners and has plans to renovate and upgrade the amenity spaces.
CareTrust REIT Buys Skilled Nursing Facilities in NM, TX
The newly constructed properties are leased to affiliates of OnPointe Health LLC, and were acquired from a Texas developer for some $27.3 million.
Albuquerque Project Targets Homeless Crisis
Scheduled for completion by fall 2017, the 52-unit expansion sponsored by the Joy Junction ministry will increase capacity at the largest facility of its kind in New Mexico.
Senior Community Awarded $500,000 AHP Grant
The rehabilitation of Pasa Tiempo community will begin in May 2017 and will be finalized in early 2019.
Yardi Matrix: Albuquerque Brightens Up
Multifamily Summer Report 2016: Population growth is feeble, but development is almost on par with the national growth rate.
On the Market: 5 Interesting CRE for the Week of 8/29
This week’s listings include trendy lofts in Phoenix and a state-of-the-art student housing community near Middle Tennessee State University.
Duke City Welcomes $19M Affordable Community
The Imperial Building is downtown Albuquerque’s first major mixed-use development since the recession.