A lack of available space, high construction costs and high demand has caused the demand for office and warehouse space in Albuquerque to skyrocket, local developers say.The boom is spurred by pent-up local demand, out-of-town interest and increases in several local...
Commercial Real Estate
Commercial real estate trouble? Support available in New Mexico
The New Mexico real estate market has its ups and downs, like most other businesses. If you run into commercial real estate problems, do you know where to seek support to find the swiftest and strongest solution that has the least amount of negative economic impact...
The dangers of rushing commercial lease negotiations
There are many time pressures New Mexico business owners can face when trying to lease space for their company. This could tempt them to simply push through lease negotiations as fast as they can once they find a space they like. However, it is important to keep...
The future of commercial real estate in Albuquerque
It is no secret that New Mexico’s commercial real estate market has lagged behind other regions in the southwest when it comes to growth. However, performance with retail and multifamily housing is in line with historical averages. Because of this, it is...
Basic steps in commercial property valuations
The basic tenet of real estate investing is to buy low and sell high. While that may seem simple enough, determining the actual worth of a property is not always easy. Several factors are in play, including the current state of the property, the extent of repairs or...
Objections to New Water Agreement May Block State’s Deal with Pueblos
Recently a lawsuit was filed by three state legislators attempting to stop the implementation of a water settlement with members of the Navajo Indian nation unless and until it received approval of the deal from the New Mexico Legislature. Now a similar issue arises –...
Otero County Ranchers Challenge Forest Service over Fence in Lincoln National Forest
As drought conditions erode the water supply throughout New Mexico, ranchers have become concerned over whether they can utilize sufficient water to profitably maintain their operations. The recent placement by the United States Forest Service of a fence preventing...
The Importance of Attorney’s Fees Provisions in Contracts
A recent decision by New Mexico's Court of Appeals reiterates the significance of ensuring that parties to a contract, particularly the sale of real estate, should ensure that the contract includes a provision for the award of attorney's fees in the event of a...
New Mexico’s Well Statute Not Unconstitutional
When a citizen of any state contends his or her rights are impaired because a particular statute of law conflicts with or violates a federal or state constitutional provision, that citizen has the opportunity to raise that issue in the appropriate court. In New...
Key Considerations in Negotiating Commercial Leases
When starting a new company or moving your business to a new location, it is vital that you give careful consideration to many aspects of the lease before reaching any agreement. Some of these aspects, such as location, will have less to do with legal matters and more...
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