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 ...
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 ...
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 ...
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 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 ...
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 ...
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 ...
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 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 ...
Gantry has arranged $45.5 million of Freddie Mac financing against the 572-unit Union 505 Apartments in Albuquerque, N.M. The financing allowed the owner of the property, Texas Capital Partners of Phoenix, to retire a $25.5 million Fannie Mae loan that ...
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