State: New Mexico - NM

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 ...

Commercial Real Estate Direct Staff Report Ashford Hospitality Trust has sold La Posada de Santa Fe, a 157-room hotel in Santa Fe, N.M., for $57.5 million, or $366,242/room. The buyer is a limited liability company called Abo Sada, an affiliate ...

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 ...

REBusiness Online Aberg Property Co. is planning to build Zia Flats, a 244-unit apartment property in Santa Fe, N.M. The Dallas developer is constructing the property at the northeast corner of St. Francis Drive and Zia Road, about three miles ...

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 ...

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 ...