Saturday, January 26, 2008

Friday, January 25, 2008

ABQ named one of ten retail metro areas to watch

Albuquerque was named one of 10 retail metro areas to watch in Sperry Van Ness' just-released retail edition of its "2007 Top 10 Markets to Watch." U.S. cities like New York, Miami and Los Angeles did not meet key growth criteria to make the list this year. Cities in the Mid-Atlantic and Southwest regions had a strong showing. Other Southwest cities that made the list are Las Vegas (Nev.), Phoenix, Tucson, Dallas/Fort Worth and Houston.
The annual report by the Irvine, Calif.-based commercial real estate firm focuses on future trends rather than current data to forcast commercial real estate growth.
"We have a weekly sales meeting by conference call with brokers coast-to-coast, so everybody gets a pretty good idea of what's going on around the country," says Larry Ilfeld, a senior broker with one of Sperry Van Ness' four Albuquerque/Rio Rancho area offices.
Half of all new jobs in New Mexico will be based in Albuquerque in 2007, says the report, accounting for a 2.2 percent employment growth in the city, which should be attractive to anchor type tenants (typically the larger retailers operating in most shopping centers, like grocery or drug stores, department or discount shops).
The report foresees 1.3 percent retail construction growth through 2007, a continued vacancy rate of less than 10 percent and, because of the demand for space, a 2 percent increase in rents.
"If you look at what had been the amount of retail here two or three years ago compared to the population and job growth, the area didn't have enough retail to support the population," says Ilfeld. "But with the new retail that's been shooting up, when the developers do those big deals, they obviously do the market research."
Ilfeld says that while some markets around the country have become sluggish, "Albuquerque is not one of those. I think it has the underpinnings for continued growth."

Albuquerque - Recent Rankings

Albuquerque, New Mexico Recent Rankings
• New Mexico Ranked 4th in Small Tech Industry, Small Times Magazine, October 2006
• Albuquerque Named Among Best Cities for Relocating Singles, Primacy Relocation & Worldwide ERC, October 2006
• Albuquerque Ranked High for Data Centers, The Boyd Company, September 2006
• Albuquerque Ranked 3rd Best Metro for Hispanics, Hispanic Magazine, July 2006
• Albuquerque Named One of World's Five Best Vacations, Orbitz, July 2006
• New Mexico Only 1 of 3 States to Receive an "A" in Entrepreneurial Activity, Edward Lowe Foundation, July 2006
• Old Spice Ranks America's Sweatiest Cities; Albuquerque Not at the Top of the List, Old Spice, June 2006
• Albuquerque 39th Fastest-Growing City in the Nation, Census Bureau, June 2006
• Albuquerque Ranked Among Top 10 of America's Brainiest Cities, BizJournals.com, June 2006
• Albuquerque Ranks 8th Best for Lifestyle Options for Relocating Families, Primacy Relocation & Worldwide ERC, May 2006
• Albuquerque Best in Nation for Business and Careers, Forbes, May 2006
• Albuquerque Named a Five-Star Knowledge Worker Metro, Expansion Management, May 2006
• Albuquerque Ranked 3rd Smartest City to Live, Kiplinger's Personal Finance, May 2006
• Albuquerque One of the Top Metros in U.S. Overall for Public Schools, Expansion Management, May 2006
• Albuquerque Ranked 8th Mid-Size Metro in Nation for Top Public Schools, Expansion Management, May 2006
• Albuquerque Ranked #2 Arts Destination, AmericanStyle Magazine, April 2006
• New Mexico Has Sixth Highest Concentration of Tech Workers in the Nation, American Electronics Association, April 2006
• New Mexico 6th in Generation of Wind Power, American Wind Energy Association, March 2006
• Albuquerque Ranked on Milken List of Top 200 Best Performing Cities, Milken Institute, March 2006
• Albuquerque One of America's 50 Hottest Cities, Expansion Management, January 2006
• USA Today Picks Albuquerque as One of the Top 6 Destinations to Travel for 2006, USA Today, January 2006
• Albuquerque Named as the 13th Fittest City in Nation, Men's Fitness, January 2006
• Yahoo! Names Albuquerque Among Cities With Good Work and Life Balance, Yahoo!, October 2005
• Albuquerque Featured as Best Community for Young People, Newsweek, October 2005
• Albuquerque Named 5th Best Real Estate Market and 4th Lowest City for Purchase Costs, Expansion Management, August 2005
• NM Ranked 3rd Best State for Cost of Labor and 5th Best State for Manufacturing Growth, Business Facilities, July 2005
• Albuquerque Inexpensive for Corporate Office Location (PDF), Expansion Management, July 2005
• Albuquerque Featured on MSN as a Best City to Start a Business or Career, MSN, May 2005
• Forbes Magazine Ranks Albuquerque as 5th Best Metro Overall and Lowest Cost City for Doing Business, Forbes, May 2005
• Albuquerque 11th Best City for Relocating Families (PDF)
• National Magazine Names Albuquerque a Five-Star Knowledge Worker Metro, Expansion Management, May 2005
• Albuquerque Ranked 2nd in Poll of Favorite Art Destinations, AmericanStyle Magazine, April 2005
• New Mexico Ranks 3rd on Top 10 Small Tech Hot Spots List for the Third Consecutive Year, Small Times Magazine, March 2005
• Albuquerque One of Top MSAs in the Nation That Saw Its Count of Businesses Grow, infoUSA, March 2005
• New Mexico 6th in Nation for Generation of Wind Power, American Wind Energy Association, March 2005
• Albuquerque International Sunport Voted One of the Top Five U.S. Airports for Wireless Access, Microsoft Small Business Center, February 2005
• Albuquerque Ranks 20th on List of Top Metro Areas for Job Growth and High Tech Output, Business Development Magazine, February 2005
• New Mexico Ranked 5th in Nation for Economic Development from Nanotechnology, Lux Research, January 2005
• Albuquerque Named 10th Fittest City, Men's Fitness Magazine, January 2005
• Albuquerque Ranks 7th on America's 50 Hottest Cities List, Expansion Management, January 2005

Albuquerque ranks 8th - offering best lifestyle options

In a new study, Albuquerque ranks 8th among the largest U.S. cities for offering the best lifestyle options for families on the move.
The 2006 Best Cities study by Worldwide ERC, an international association for corporate and government relocation managers, and Primacy Relocation of Memphis, Tenn., a relocation services provider, ranked the nation's metropolitan areas on multiple factors for the ease with which a family can make the transition to a new city and settle into a new life there.
Those factors included: commute time, tax rates, average home ownership costs, cost of living, service quality of local utilities, per capita volunteerism, and fee and occupancy rates for temporary housing and mini-storage. The annual study also reviewed the quality and availability of elder-care and assisted living options, which its authors said "reflect a city's investment in the needs of modern, multi-generational families." An "in-depth climate analysis" was another factor. Albuquerque is frequently recognized for its mild year-round, high desert (one mile above sea level) weather conditions.
Louisville, Kentucky earned top honors in the Large Markets category (populations of 500,000 or more), followed by Austin, Texas and Denver, Colo. Fifty cities were ranked in each of three categories. In Medium Markets, Evansville, Ind., topped the metro areas with populations between 250,000 and 500,000 for relocation features. Athens, Ga., earned the best ranking among the nation's top 50 Small Markets (populations between 50,000 and 250,000).
This is the third time in two months that the Duke City, which just celebrated its 300th anniversary, has been ranked among the nation's top metropolitan performers. The May 22nd (2006) edition of Forbes magazine, for the first time ever, named Albuquerque the overall Best Place for Business and Careers. Earlier in May, Kiplinger's Personal Finance named New Mexico's largest metro region No. 3 in the nation for being one of the smartest places to live.

Albuquerque a 'Top 10 Market to Watch'

Albuquerque was named one of 10 retail metro areas to watch in Sperry Van Ness' just-released retail edition of its "2007 Top 10 Markets to Watch." U.S. cities like New York, Miami and Los Angeles did not meet key growth criteria to make the list this year. Cities in the Mid-Atlantic and Southwest regions had a strong showing. Other Southwest cities that made the list are Las Vegas (Nev.), Phoenix, Tucson, Dallas/Fort Worth and Houston.
The annual report by the Irvine, Calif.-based commercial real estate firm focuses on future trends rather than current data to forcast commercial real estate growth.
"We have a weekly sales meeting by conference call with brokers coast-to-coast, so everybody gets a pretty good idea of what's going on around the country," says Larry Ilfeld, a senior broker with one of Sperry Van Ness' four Albuquerque/Rio Rancho area offices.
Half of all new jobs in New Mexico will be based in Albuquerque in 2007, says the report, accounting for a 2.2 percent employment growth in the city, which should be attractive to anchor type tenants (typically the larger retailers operating in most shopping centers, like grocery or drug stores, department or discount shops).
The report foresees 1.3 percent retail construction growth through 2007, a continued vacancy rate of less than 10 percent and, because of the demand for space, a 2 percent increase in rents.
"If you look at what had been the amount of retail here two or three years ago compared to the population and job growth, the area didn't have enough retail to support the population," says Ilfeld. "But with the new retail that's been shooting up, when the developers do those big deals, they obviously do the market research."
Ilfeld says that while some markets around the country have become sluggish, "Albuquerque is not one of those. I think it has the underpinnings for continued growth."

Albuquerque's No. 1: This time it's a great ranking!

Albuquerque tops, for the first time ever, Forbes magazine's just released 2006 list of Best Places for Business and Careers.
The ranking, which was revealed in a news release on Thursday, judged New Mexico's largest city on categories ranging from the cost of doing business, income growth, cost of living, crime rate, and culture and leisure to its educational attainment. The magazine will publish the list of the nation's top cities for business and careers on May 22.
Albuquerque Mayor Martin Chavez says the city has "worked on [becoming No. 1] for decades."
The Duke City, which just celebrated its 300th anniversary last month, ranked fifth overall in last year's Forbes' poll. Chavez says the 2006 ranking is the best birthday present the city could ever receive.
For the cost of doing business, it ranked first among about 200 of the nation's largest metropolitan areas, including Phoenix, Houston and Indianapolis. Forbes especially noted the selection of the city by Tempur-Pedic (NYSE: TPX) and Eclipse Aviation for new manufacturing or start-up operations.
Albuquerque has held onto the top rank for its cost of doing business for the past two years. Where Albuquerque also glowed was in the category of income growth. It helped propel upward the city's ranking from 109th in 2005 to No. 30 in 2006. As well, the city's crime rate ranking improved, falling from 129th in 2005 to 173rd in 2006.
Chavez noted that the city's lower ranking among the big cities for its crime rate will bode well for economic development.
The city's rank for job growth, however, dropped from 38th in 2005 to 60th in 2006. In the category of cost of living, Albuquerque fell from No. 50 in 2005 to 80th in 2006. It also tripped up in educational attainment, having placed 39th in 2005 compared to No. 54 this year, yet still achieving the top quarter percentile among the cities in the rankings.
Despite the latter numbers, the authors of the Forbes study say Albuquerque, as an entire package, is the best place among the nation's largest cities for doing business.
Chavez says the ranking will attract more investments as businesses look for opportunities here to expand or start a business.

Newspapers Television and Radio

www.ABQJournal.com - Albuquerque Journal (Newspaper)
www.ABQTrib.com - Albuquerque Tribune (Newspaper)
www.DailyLobo.com - University of NM Newspaper
www.Observer-Online.com - Rio Rancho Newspaper

www.kasa.com - KASA, Channel 2, ABQ (Fox)
www.kobtv - KOB, Channel 4, ABQ (NBC)
www.koattv.com - KOAT, Channel 7 ABQ (ABC)
www.krqe.com - KRQE, Channel 13, ABQ (CBS)

www.KUNM.unm.com - 89.9 FM
www.94Rock.com - KZRR, 94.1 FM
www.77KOB.com - KKOB, 770 AM (Talk Radio, UNM Sports, News & Traffic)

Thursday, January 24, 2008

Helpful and Fun --- NM Websites

State of New Mexico: http://www.newmexico.gov/
City of Albuquerque: http://www.cabq.gov/
County of Bernalillo: http://bernco.gov/
City of Rio Rancho:http://ci.rio-rancho.nm.us/
City of Santa Fe: http://www.santafenm.gov/
NM Golf:http://www.golfnewmexico.com/
NM Casinos: http://newmexico.casinocity.com/
Albuquerque Chamber of Commerce: http://abqchamber.com/ free relocation pkg.
Albuquerque Public Schools: http://ww2.aps.edu/
Albuquerque Hispano Chamber of Commerce: http://www.ahcnm.org/
Albuquerque International Airport: http://www.cabq.gov/airport/
University of New Mexico: http://www.unm.edu/
University of New Mexico Lobos: http://golobos.com
Albuquerque Economic Development: http://www.abq.org/
NM State Legislature: http://legis.state.nm.us/LCS/
NM Office of Labor:http://www.dws.state.nm.us/
NM Department of Toursim: http://www.newmexico.org/index3.php
Albuquerque Minor League Team (Isotopes): http://www.albuquerquebaseball.com/

East Mountain Area Map

East Mountain Area:
http://abqrealtors.com/i/em-area-map.jpg
area is located just east of Albuquerque, in mountain settings with wonderful vista views

Rio Rancho Area Map

Area Map of Rio Rancho:
http://abqrealtors.com/i/rr-area-map.jpg

Albuquerque Area Real Estate Map

Click on the following link to view the MLS area map of Albuquerque
http://abqrealtors.com/i/abqcity-area-map.jpg

Search for Albuquerque Homes

Search for Homes in the Albuquerque, Rio Rancho and local metro area: http://abqrealtors.rapmls.com
Any questions contact: anthony.gallegos@hotmail.com or (505) 720-2076

Albuquerque Home Sales Market Reports

Albuquerque Home Sales Market Reports
Monthly Market Reports
The Albuquerque Metropolitan Board of REALTORS® publishes monthly reports of the Greater Albuquerque residential housing resale market. The market data for these reports is gathered on the 10th of every month. When our published reports are publicly available they will be placed here on this website. If you are in need of information that is not presented in these reports please contact the marketing department of the Albuquerque Metropolitan Board of REALTORS®. www.realtor.com - click on industry news

Albuqueruque Economic Development

Economic Development Department
Welcome from Mayor Martin Chávez
Allow me to be the first to welcome and congratulate you for coming to the Economic Development Department's Web page! Whether you’re here because you’re thinking about doing business in Albuquerque, or you’re an outstanding local company looking to take that next step, Albuquerque has everything you need. Our great city boasts a diverse economic base, a vigorous high-tech industry, incomparable research institutions, an efficient transportation system, and a trained, friendly workforce. All of this, and blue skies too!
These wonderful attributes have earned Albuquerque top-notch rankings in Forbes, the Milken Institute’s Best Performing Cities Index, Inc. Magazine and many others. The Economic Development Department was created to help you, so explore the Web site and let us know how we can be of service.
- Mayor Martin J. Chávez
Our Mission
The City of Albuquerque's Economic Development Department (EDD) works to create, diversify and enhance job growth and to promote business development and stability. EDD supports business and the development community within city government and between city agencies. It also partners with other organizations to further economic development.
Our Services and Programs
Business Recruitment, Retention and Expansion: EDD provides information and support to businesses wishing to relocate to Albuquerque and local businesses planning to expand. We work closely with Albuquerque Economic Development Inc. , city business groups, and other government entities.Industrial Revenue Bonds: EDD manages the city’s industrial revenue bond program, working with the bond applicant, city legal staff and other city departments to support the process and help the applicant meet requirements. EDD prepares the staff analysis for the Albuquerque Development Commission and City Council and serves as the commission’s staff in project review. EDD also monitors compliance of IRB recipients. Also see Incentives.
Small Business Support: EDD helps small businesses by providing strategic advice and support. The department also has been involved in ongoing commercial revitalization in various city areas and serves as a clearinghouse of information on small-business programs, financing and resources.
International Trade Division: The EDD facilitates international business and trade opportunities for Albuquerque companies. Services include helping companies with market research, helping companies become export-ready, marketing Albuquerque’s technology and research capabilities to attract international business, leading trade missions and supporting international research collaborations.
Albuquerque Film Office: The Film Office helps in permitting locations and providing support and equipment and arranging hotel accommodations. The office also acts as a liaison with city agencies and the state Film Office.
Tourism and Conventions: The EDD works with Albuquerque Convention & Visitors Bureau and the Albuquerque Hispano Chamber of Commerce to bring conventions and tourism to Albuquerque.
Major Partners: The EDD has cooperative and/or contracting relationships with a number of business organizations in the city to foster job creation and economic prosperity for residents and businesses in Albuquerque.