State: New Mexico - NM

Commercial Real Estate Direct Staff Report Ashford Hospitality Trust Inc. has negotiated an agreement that allows it to tap into a reserve account to cover its debt-service obligations and operating expenses at the 157-room La Posada de Santa Fe hotel ...

The Mesilla Valley Mall in Las Cruces, N.M., has been sold for $19.8 million to Namdar Realty Group, making it the first property in New Mexico for the Great Neck, N.Y., mall owner. The sale resulted in a $37.8 million ...

Mesilla Valley Mall, a 607,086-square-foot enclosed retail center in Las Cruces, N.M., soon will be offered for sale. The property, which was 92 percent occupied at the end of last November, is one of 13 assets remaining in the collateral ...

Dallas CityBizList Avalon at Carlsbad, a 176-unit apartment property in Carlsbad, N.M., has been sold. Marcus & Millichap arranged the sale of the complex, at 1907 San Jose Blvd., on behalf of the buyer and seller, which were not identified. ...

Albuquerque Business First Thayer Manca Residential has acquired the 264-unit Ventana Canyon apartments in Albuquerque, N.M., for $32.6 million, or $123,485/unit. Hamilton Zanze sold the 15-building property, at 10300 Golf Course Road NW, which it had purchased in 2007 for ...

Ashford Hospitality Trust Inc. has secured a $25 million mortgage to help fund its purchase of the La Posada de Santa Fe hotel in Santa Fe, N.M. The interest-only loan has a two-year term with three one-year extension options. It ...

Ashford Hospitality Trust Inc. has agreed to pay $50 million, or $318,471/room, for the La Posada de Santa Fe hotel in Santa Fe, N.M. The Dallas REIT is buying the 157-room property from 1754 Properties, a Coral Gables, Fla., investor ...

Albuquerque Journal Waramaug Hospitality has acquired two hotels with a combined 200 rooms near the Albuquerque, N.M., International Sunport for an undisclosed price. The Boca Raton, Fla., firm teamed with an unnamed investor on the acquisitions and plans to renovate ...