Mixed-Use Project Planned for New Braunfels, Texas
June 1, 2023
Offshore-Drilling Contractor to Relocate Houston HQ
June 1, 2023
State: New Mexico - NM
264-Unit Apartment Property in Albuquerque, N.M., Fetches $32.6Mln
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 Secures $25Mln Mortgage Against Santa Fe, N.M., Hotel
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 Paying $50Mln for Santa Fe, N.M., Hotel
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 ...
2 Albuquerque Hotels with 200 Rooms Sold
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 ...
Mesilla Valley Mall in New Mexico Taken Through Foreclosure
Commercial Real Estate Direct Staff Report The Mesilla Valley Mall in Las Cruces, N.M., has been taken through foreclosure and is now classified as real estate-owned. A total of 372,483 square feet of the 627,400-sf shopping center had served as ...
CFH Investment Buys 456-Unit Multifamily Property in Albuquerque, N.M.
Albuquerque Business First CFH Investment Partners has acquired the 456-unit Diamond Mesa apartment community in southwest Albuquerque, N.M., for an undisclosed amount. The gated property, at 2300 Diamond Mesa Trail SW, sits on 24 acres and was built in 2015. ...
New Mexico Mall Sees Sharp Drop in Appraised Value
Commercial Real Estate Direct Staff Report The Mesilla Valley Mall in Las Cruces, N.M., has been appraised at a value of $26.8 million - less than half the $66 million value pegged to it in 2007, when a $54 million ...
Mixed-Use Project Rises on Tribal Land in Albuquerque, N.M.
Albuquerque Business First Indian Pueblos Marketing Inc. is building the Avanyu Plaza mixed-use project on 46 acres of tribal-owned land in Albuquerque, N.M. Plans for the multi-phase development, at the corner of Menaul Boulevard and 12th Street, include a mix ...
Mixed-Use Project Breaks Ground in Albuquerque, N.M.
Albuquerque Business First Sapir Real Estate Development has broken ground on The Snow Heights Promenade mixed-use development in Albuquerque, N.M. The first phase of the $45 million project, at 2113 Eubank Blvd. NE, will feature a central entertainment stage surrounded ...
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