Roofing Company Expands New Mexico Footprint

RoofCARE, which provides green and sustainable alternatives to roofing replacement, expanded to two new offices in New Mexico. Specifically, the company took down 2,000 square feet at 17 Bisbee Court in Santa Fe, and 4,086 square feet at 102 N. Main in Carlsbad. Additionally, it is relocating in Las Cruces to 5,200 square feet at 406

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Allen Sigmond Sells 150K-SF NM Industrial Asset

The Allen Sigmon Real Estate Group, based in Albuquerque, NM, sold a 150,000-square-foot industrial property in Rio Rancher to a California buyer. The property at 4901 Rockaway Blvd. NW was listed at an $8.2 million ask. The seller had acquired the 10-acre site in 2004 with partner, the late Roger Cox. The owners made improvements

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Hobbs, NM Moves Forward on $64M Rec Facility

Hobbs, NM is moving forward on a state-of-the-art recreational facility. The public-private project will cost $63.5 million, with the J.F. Maddox Foundation, Haydon Building Corp. and Barker Rinker Seacrat Architecture collaborating. The development is anticipated to generate approximately 300 construction jobs. The facility will offer meeting areas, and an indoor soccer field, lap pool and

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Intel Job Cuts Begin

Santa Clara-based Intel, which is cutting 12,000 jobs by mid-2017, revealed more about the strategic plan it envisions. The world’s largest chip maker’s CEO Brian Krzanich says the goal is to transform “Intel from a PC company to a company that powers the cloud and billions of smart, connected computing devices.” Cuts to about 11%

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Dallas Buyer Snags 92K-SF New Mexico Industrial

Blue Road Investments LLC, operating under the name of BRI Earhardt LP, struck a deal with a San Antonio entity to acquire 150 Earhardt Way, a 92,325-square-foot, three-tenant industrial property in Santa Teresa, NM. Zane Marcell and Dustin Volz with JLL represented the seller, GBP Santa Teresa LLC, while Sonny Brown Real Estate’s Adin Brown

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Hilton Adds Five New Hotels to Curio Collection in West

There is still time to join us this week for Connect Bay Area at the Grand Hyatt San Francisco. Get more information, and register to attend on this link. Curio Collection by Hilton is expanding its presence in the western United States with the addition of five hotels in Washington, California, New Mexico and Utah.

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$5M Renovation Planned for Albuquerque’s Hotel Cascada

Albuquerque, NM’s Hotel Cascada is slated for a renovation, and will operate under a new flag. Specifically, the 300-room hotel and water park will undergo a $5 million upgrade to its lobby, meeting and guest rooms, while taking on the name of Wyndham Hotel & Conference Center this summer. The 45-year-old hotel, situated on 11 acres

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Heslin Finalizes Albuquerque Retail Redev

Heslin Holdings, Inc. completed a multi-million-dollar renovation of West Central Plaza, a 150,000-square-foot retail center located in Albuquerque, NM. The property at 4208 Central Avenue SW was acquired in 2015. The Laguna Hills, CA-based developer subsequently demised the largest free-standing building, formerly occupied by Kmart, into two anchor tenant spaces now occupied by Burlington and

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Ashford Lands La Posada de Santa Fe for $50M

Dallas-based Ashford Hospitality Trust, Inc. is acquiring the 157-room La Posada de Santa Fe in Santa Fe, NM for $50 million. The boutique hotel property is located on more than five landscaped acres near the historic Santa Fe Plaza in northern New Mexico, roughly 60 miles north of Albuquerque. Ashford Trust’s Douglas A. Kessler says, “The acquisition of La Posada provides us the opportunity

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