David Simon Passes Away After Battle with Cancer
March 23, 2026
CREFC’s Lisa Pendergast Retiring in August
March 20, 2026
Brookfield Revives GGP Name for Malls
January 7, 2026
City: Albuquerque
Work to Start Next Month on $150Mln Retail Project in Albuquerque, N.M.
KRQE News SimonCRE is planning to start work next month on Lobo Crossing, a 363,000-square-foot shopping center in Albuquerque, N.M. The Scottsdale, Ariz., developer is building the retail property on a 38-acre site at the northeast corner of Interstate 25 and ...
New Mexico Retail Property Sells for $16.7Mln
Odeh Investments has paid $16.7 million, or $151/sf, for the 110,593-square-foot Zecca Plaza retail property in Gallup, N.M., near the Arizona border and midway between Flagstaff, Ariz., and Albuquerque, N.M. The San Diego-area investor bought the property from Rhino Investments ...
126-Room Hotel in Albuquerque, N.M., Trades Hands
HotelManagement.com Sun Capital Hotels has bought the 126-room Hyatt Place Albuquerque/Uptown hotel in Albuquerque, N.M. Hunter Hotel Advisors brokered the deal. The six-story property, at 6901 Arvada Ave. NE, was built in 1997 and renovated in 2008. It has an ...
Cottonwood Mall in Albuquerque, N.M., Sees Drop in Appraised Value
Commercial Real Estate Direct Staff Report Cottonwood Mall in Albuquerque, N.M., whose mortgage financing has been in special servicing for nearly four years, had its appraised value reduced to $90 million. In addition, a $4.7 million appraisal reduction amount, or ...
Pavilions at San Mateo
It is 92% leased and anchored by a Walmart Neighborhood Market, which takes 36,926 sf. Other tenants include Shoe Dept., which leases 15,839 sf; Dollar Tree, in 10,000 sf; and Old Navy, in 15,210 sf.
Rhino Investments Pays $24.85Mln for Albuquerque, N.M., Retail Property
Rhino Investments Group has paid $24.85 million, or just more than $167/sf, for the 148,749-square-foot Pavilions at San Mateo retail property in Albuquerque, N.M. The Henderson, Nev., investor led by Sanjiv Chopra, who previously had founded the Fitness Evolution chain ...
216-Unit Apartment Property Breaks Ground Near Albuquerque, N.M.
ConnectCRE Dominium has broken ground on the Sandoval Flats, a 216-unit apartment property in Rio Rancho, N.M. The Plymouth, Minn., developer is building the property at Camino Encantadas and Oersted Road NE, about 23 miles north of Albuquerque, N.M. Sandoval ...
SimonCRE Buys Albuquerque, N.M., Shopping Center
REBusiness Online SimonCRE has bought the 218,144-square-foot Cottonwoods Corner shopping center in Albuquerque, N.M., for an undisclosed price. A company calling itself Gibson-Cottonwood LLC sold the retail property. Base 5 Retail has been tapped to manage the property, which is ...
126-Room Marriott Element Hotel Debuts in Albuquerque, N.M.
Albuquerque Business Journal Marriott International has unveiled its first Element hotel in the state of New Mexico. The 126-room Marriott Element Albuquerque Uptown Hotel opened its doors earlier this month at 2430 Louisiana Blvd. NE in Albuquerque, N.M. It broke ...
Albuquerque, N.M., City Council Approves Plan for 128-Unit Affordable-Housing Development
Albuquerque Business Journal Construction is expected to start in the second quarter of next year on the West Mesa Ridge Apartments in Albuquerque, N.M. City Council recently approved the proposal submitted by YesHousing Inc., a nonprofit community development corporation that ...
About
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
