Marketing - Albuquerque

  • NewLife Homes Turns The Sundowner Motel, Former Bill Gates Abode, into Affordable Apt. Community

    Famous for its location in the heart of Albuquerque on historic Route 66 and for having served as home to Microsoft founders Bill Gates and Paul Allen in the mid-1970s, the Sundowner Motel is no longer what it used to be; the property was transformed into a residential complex with commercial space for small businesses by NewLife Homes.

    21 May 2014 21:43
  • Nordstrom Rack Enters the Albuquerque Retail Market at Winrock Town Center

    By Anca Gagiuc, Associate Editor Well-known Seattle-based Nordstrom Inc. announced its plans to enter the Albuquerque market by opening a Nordstrom Rack at Winrock Town Center in the Uptown corridor. The retail store is scheduled to open in the fall of 2015. “We’ve long heard from customers in New Mexico that they’d love to have a Nordstrom [...]

    30 April 2014 22:21
  • Albuquerque Opens Public Comment Period for Apartment Development on Uptown Transit Site

    The southeast corner of Albuquerque’s Uptown and American Parkway NE, the location of Uptown Transit Center, is this year in the attention of city officials interested in proposals from private developers for a new construction project. The desired development would be a mixed-use combining apartments, commercial space, and parking.

    03 April 2014 21:55
  • Developers Launch 71-Unit Public/Private Tax Credit Development Located in Downtown Albuquerque

    About a year ago, Romero Rose in partnership with YES Housing Inc., have started constructing a three-building multifamily development at 215 Lead Ave. SW. This public/private partnership development was recently finalized and leasing is booming, already 51 percent occupied.

    28 March 2014 22:29
  • Former Nob Hill Parole Building for Sale or Lease through Allen Simon RE Group

    The Nob Hill area is one of the state’s best preserved areas, overlapping with the renowned Route 66; the famous road goes through the epicenter of Albuquerque, flaunting many neon signs and deco-inspired towers. Nob Hill is the connection point between the commercial and residential areas of the city and now offers for sale or lease the building at 3010 Monte Vista Blvd. NE.

    06 February 2014 22:58
  • Developer Obtains Approval for 80,000 SF Mixed-use Development

    The intersection of Central and Laguna SW will turn into a construction site early next year. Jay Rembe, the developer responsible for the Aveda Institute and Vinaigrette project, isn’t ready to leave the Central Avenue corridor between Downtown and Old Town.

    01 November 2013 18:35
  • New $30M Westside Apartment Complex on the Rise

    The largest sale in 2011 for a multifamily project in the Albuquerque area is now ground for the preliminary works on what will become an upscale apartment complex. Andalucia Villas will occupy 16.5 acres at Coors and Montaño in the Westside of the city, close to the Bosque School. The buyer and developer, Bay Hill Development LLC, has been represented by NAI Maestas & Ward.

    24 October 2013 21:35
  • The Phoenix Apartments Rises From the Western Palisades Ashes

    Once a foreclosed property, the Western Palisades residential community located at 1720 Atrisco Drive SW was rescued by Chuck Sheldon of T&C Management who purchased it in 2010 for approximately $1.5 million. The history of the property is a stormy one, one that made the new owner change its name into The Phoenix apartments.

    16 October 2013 21:58
  • Mehran Changes Strategy from Leasing to Loft Conversion for Office Building

    Built in 1958, the office building at 517 Gold Avenue has been the federal office until the early 2000 when they relocated to 500 Gold. For the next decade the eight-story block property was left abandoned.

    11 October 2013 21:46
  • Candelaria Business Center For Sale at $2.9M

    A new investment opportunity is available in Albuquerque’s NE Heights market. Candelaria Business Center has been listed for sale under the representation of Todd Clarke CCIM of NM Apartment Advisors. The mixed-use business park includes office, retail and warehouse space with flexible zoning, marketed as a stable investment with steady cash flow. The list price is of $2,995,000, $86.06 per square foot.

    26 September 2013 21:02
  • Condos Priced from $140K-$360K Come to Market after Project Completion

    Back in 2007 when the housing bubble had not yet burst, condominiums sprang up all across the country. That was the time when it was quite common for a land developer to be sued by his business partners because he had bankrupted several companies, dealing with accusations of defrauding the city to tune millions for past projects. That was the case for developer Vincent Garcia who back then was riding high on a nine-story mixed-use project, in downtown Albuquerque.

    06 September 2013 22:14
  • Peterson Acquires Simms Building for $1.75M and Begins Renovations

    Bearing the hallmark of the city’s first modern, International Style skyscraper, the Simms Building was built in 1954 and listed on the National Register of Historic Places in 1998. Over the years, the building with the windowless brick walls on the east and west sides and glass curtain walls on the other two faces, has served Albuquerque’s commercial sector.

    21 May 2013 07:44
  • Microsoft’s Birthplace Converted into Apartments in $9M Redevelopment by NewLife Homes

    Representatives from NewLife Homes and the Federal Home Loan Bank of Dallas (FHLB Dallas) celebrated with the Mayor of Albuquerque Richard J. Berry and other officials the official groundbreaking of the Sundowner Uhuru, a residential redevelopment of the former Sundowner Motel. The event took place on Thursday, April 18th, at 6101 Central Avenue NE.

    26 April 2013 20:00
  • Yes Housing, Romero Rose Break Ground on $16.2M Downtown Affordable Project

    Romero Rose LLC, in partnership with YES Housing Inc., has recently broken ground on Casitas de Colores, a $16.2 million multifamily affordable project in downtown Albuquerque. The 71-unit development targets people with incomes that range from 30% to 60% of Area Median Income.

    13 March 2013 22:04