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Monday February 13, 2012

New Mexico Real Estate Market News

New Mexico Real Estate Agents | New Mexico Homes for Sale | New Mexico Housing Resources | New Mexico Real Estate News
02/08/2012 - Millions missing: Investigation widens into NM Title Co.
  • FARMINGTON — Several million dollars appear to be missing from title and escrow accounts at New Mexico Title Co.

  • 02/07/2012 - New Mexico's Top Two Youth Volunteers Selected in 17th Annual National Awards Program
  • Jerry Hou, 17, of Albuquerque and Priscilla Duenas, 12, of Rio Rancho today were named New Mexico's top two youth volunteers for 2012 by The Prudential Spirit of Community Awards, a nationwide program honoring young people for outstanding acts of volunteerism.

  • 02/06/2012 - Tax bills proliferate, but to what end?
  • The New Mexico Tax Research Institute reported that as of last week it was tracking 75 tax-related b ...

  • 02/03/2012 - Slideshow: Amazing homes you can get for $400,000 or less
  • Each week, TODAY real estate expert Barbara Corcoran looks around the U.S. to see what home buyers can get for their money. Here are some beauties from Vermont to New Mexico.

  • 02/02/2012 - Their View: State foreclosure modification bill unnecessary
  • As a community banker in New Mexico for over three decades, I am compelled to respond to recent news articles and opinion pieces which overstate the level of the current problems related to mortgage foreclosures in New Mexico. These articles suggest additional legislation is needed to further regulate foreclosures in our state. Unfortunately, the unintended consequence of such legislation may ...

  • 02/01/2012 - Around New Mexico
  • Convicted Broker's License Revoked The New Mexico Real Estate Commission this week revoked the ...

  • 01/20/2012 - Martino battle over gyroplane sale/crash continues
  • In what appears to be a vigilant back-and-forth he-said/he-said, the New Mexico man who purchased an experimental gyroplane owned by consumer advocate Tom Martino says in court papers that not only did Martino broker the deal but advised him regular automotive gasoline was just fine to use. Martino has said in his personal bankruptcy case [...]

  • 01/13/2012 - Brothers indicted in NM realty investment scheme
  • Two brothers accused of defrauding an elderly New Mexico couple out of $440,000 in a real estate investment scheme have been indicted.

  • 01/10/2012 - Mesalands wind energy program among award finalists
  • The North American Wind Research and Training Center at Mesalands Community College was a finalist for the NAIOP 2011 Awards of Excellence. The New Mexico Chapter of the NAIOP annually recognizes excellence in commercial real estate from around the...

  • 12/30/2011 - New Mexico Pending Home Sales Up Sharply in November
  • The number of consumers who signed contracts to buy homes across the country and in New Mexico in November rose sharply compared to previous-year data.

  • 12/28/2011 - Johnson launches third-party White House bid
  • Former New Mexico governor Gary Johnson launched a long-shot, third-party bid for the White House Wednesday that could hurt Republican efforts to oust President Barack Obama in 2012.

  • 12/22/2011 - Big New Mexico Ponzi Case Results In Guilty Plea
  • Last year, we first told you about the activities of Douglas F. Vaughan, a New Mexico real estate broker who authorities said orchestrated that rural desert state's biggest-ever Ponzi scheme. Since the early 1990's the popular Albuquerque businessman sold to his fellow New Mexicans promissory notes touting high annual returns--averaging 17.5%--and no risk.

  • 12/17/2011 - RR projects honored
  • Four local, recently completed projects were honored with Awards of Excellence by the New Mexico chapter of the Commercial Real Estate Development Association.

  • 11/30/2011 - C of C waves "Land of Enchantment' flags
  • The Chamber of Commerce is hosting a community New Mexico State Flag sale.

  • 11/29/2011 - Armijo House to get a new identity
  • LAS CRUCES - Its three-foot thick adobe walls have stood strong as Las Cruces grew from a small dusty town into New Mexico's second biggest city.

  • 11/28/2011 - MD Anderson Cancer Center Board of Visitors Welcomes New Members
  • The MD Anderson Cancer Center Board of Visitors (BOV), an appointive board of volunteers dedicated to advancing the initiatives of The University of Texas MD Anderson Cancer Center, welcomes 16 new members in Fiscal Year 2012. These business and community leaders from Texas, Oklahoma, New Mexico and Georgia join more than 200 BOV members who assist in raising funds, awareness and support for MD ...

  • 11/27/2011 - The phantom menace: Gary Johnson considering third-party run
  • Long excluded from the Republican presidential debates, former New Mexico Governor Gary Johnson is now seriously considering a third party run for president in 2012.

  • 11/15/2011 - The art of healing at Rust
  • Scenes snatched from New Mexico's generous supply of gripping landscape features are spotlighted in photographs spread liberally around the corridors of Presbyterian Rust Medical Center.

  • 10/31/2011 - No Tricks Needed
  • New Mexico ranks near the top of many not-so-good lists including lists of places with the highest t ...

  • 10/15/2011 - Vermont, New Mexico Had Greatest Increase in Foreclosures in Third Quarter of 2012
  • New Mexico was among the leaders of a nationwide trend of increased foreclosure activity in the third quarter, posting a 50 percent jump from the previous quarter, RealtyTrac reported Thursday.

  • 10/10/2011 - New Mexico and the federal dole
  • A couple of pieces in this morning's Journal business section raised what I think is an increasingly important question for New Mexico - our love affair with federal spending. First... Read more »

  • 10/01/2011 - Brankrupt troubleshooter Martino sues bank accusing him of hiding assets
  • Bankrupt troubleshooter Tom Martino took a legal swipe at the New Mexico bank accusing him of hiding assets by suing it for allegedly violating bankruptcy laws designed to protect him.

  • 09/21/2011 - Peak-season homebuying hits decade low, but brokers banking on September rebound
  • The drought that set the stage for New Mexico's wildfires also devastated Santa Fe's peak homebuying season. The number of home sales completed in August was the lowest in more than a decade with just 94 closings — a 21 percent decline.

  • 09/19/2011 - Progressive conservative fights for recognition
  • EDITOR'S NOTE: This is the first in an occasional series of stories based on meetings between The Telegraph editorial board and candidates for president. Gary Johnson doesn't hesitate to tell people he's well-liked in New Mexico. AT RIGHT: Johnson answers a reader's query during Monday's Editorial Board meeting at the The Telegraph He also doesn't hesitate to talk about abolishing the U.S ...

  • 09/13/2011 - Businesses call for jobs laws
  • The Albuquerque chapter of the Commercial Real Estate Development Association (NAIOP) is circulating a petition, calling for New Mexico legislators to pass laws to help create jobs.

  • 08/28/2011 - General News. Malcolm Long
  • Malcolm Lee "Squirt" Long was the most celebrated athlete to play for the New Mexico Lobo football team in the 1920s.

  • 08/25/2011 - General News. Bill Stockton
  • A fixture in education and coaching throughout the state of New Mexico for more than 35 years, Bill Stockton was born on a family ranch in Forrest, N.M., on July 20, 1913. He attended Forrest High School, leading the school to the 1933 state basketball championship and earning player of the year honors.

  • 08/24/2011 - Spaceport preparing for flight
  • UPHAM A new gateway to space has sprouted in the southern New Mexico desert, 55 miles north of Las Cruces.

  • 08/23/2011 - Angel Fire Resort to Build a World-Class RV Resort in the Enchanted Circle of New Mexico
  • Angel Fire Resort today announced approved plans to develop a modern, state-of-the-art, 260-space RV resort in Angel Fire, New Mexico. Over the course of the next few years, this luxury park will be constructed on 94-acres of mountain meadow land with scenic views of the Angel Fire ski mountain to the south, and Mt.

  • 08/21/2011 - Spaceport's first phase nearly done
  • SPACEPORT AMERICA, N.M. - A new gateway to space has sprouted in the southern New Mexico desert, 55 miles north of Las Cruces.

  • 08/20/2011 - Spaceport America future flights: Site is on threshold of space tourism
  • SPACEPORT AMERICA, N.M. - A new gateway to space has sprouted in the Southern New Mexico desert, 55 miles north of Las Cruces.

  • 08/17/2011 - Tech benefits from stock market tumble
  • When the Dow Jones Index lost 5 percent in one day, New Mexico Tech benefited. The university sold $14.5 million in revenue bonds on Friday, Aug. 5, as the perfect storm created a ripe economic environment for selling bonds.

  • 08/13/2011 - Forum full of ideas
  • Ideas to boost economic development in New Mexico ranged from simple to complicated at state Economi ...

  • 08/12/2011 - Future $400M Terminal to Promote Growth
  • SANTA TERESA, NM-The groundbreaking of the long-anticipated $400 million Union Pacific rail yard and terminal took place Aug. 8 with New Mexico Gov. Susana Martinez and U.S. Sen Jeff Bingaman in attendance.

  • 08/09/2011 - UNM unveils plan for expansion
  • Tuesday the University of New Mexico unveiled its campus master plan, and a big part of it is to turn the area near The Pit into a bustling little city within the city.

  • 07/29/2011 - Albuquerque, New Mexico's Pending Home Sales Rise
  • The number of people who signed contracts to buy homes rose across the country and in New Mexico in June. But many of those contracts are falling through and the gain was not enough to signal a rebound in the market.

  • 07/26/2011 - Talking about jobs: Barela meets with business owners
  • FARMINGTON — Jon Barela, New Mexico's cabinet secretary for economic development, said he came to listen.

  • 07/05/2011 - PropertyInfo Awarded Contract with Dona Ana County Clerk’s Office, Expanding Records Management Solution Offerings in ...
  • SAN ANTONIO--(BUSINESS WIRE)--PropertyInfo Awarded Contract with Dona Ana County Clerk’s Office, Expanding Records Management Solution Offerings in New Mexico

  • 06/30/2011 - Corridor Energy Completes Power Transmission Asset Purchase
  • Corridor Energy LLC today announced it has identified, financed and closed its first energy infrastructure real asset transaction. Corridor facilitated a $16.1 million acquisition by Tortoise Capital Resources Corp. in a 40% undivided interest in the Eastern Interconnect Project , a 216-mile power transmission line operated by Public Service Company of New Mexico, a subsidiary of PNM Resources ...

  • 06/28/2011 - Wildfire battle continues near Los Alamos, New Mexico
  • The battle continues Wednesday morning against a growing wildfire near Los Alamos, New Mexico. The flames are burning just across the road from the Los Alamos National Laboratory.

  • 06/16/2011 - Low-Cost “Zero Energy Homes” have Arrived at Natural Homes Real Estate, Santa Fe
  • There is now, for the first time the knowledge and evolved technology to construct a comfortable green home in Santa Fe, New Mexico with a net annual utility bill of “0” at a price that a working family can afford.

  • 06/16/2011 - Republican party head prepares for battle
  • New Mexico Republican Party chairman Monty Newman visited with the Federated Republican Women of Otero County on Tuesday at Stella Vita.

  • 06/13/2011 - Manulife Asset Management Tapped to Manage US$230 Million Fixed Income Mandate for New Mexico Public Employees ...
  • Manulife Asset Management said that it was awarded a US$230 million global core-plus fixed income mandate from the New Mexico Public Employees Retirement Association. The $11.8 billion New Mexico PERA, of Santa Fe, made public its decision in January, with funding of the mandate completed in April.

  • 06/07/2011 - IRS: Billionaire Carl Berg Understated Business Income By $110 Million
  • The Internal Revenue Service says a venture capital business of billionaire Carl E. Berg, the unassuming, low-key New Mexico native who made his fortune in the Silicon Valley, understated its income by $110 million and owes $44 million in back taxes and penalties.

  • 06/08/2011 - Arizona's Wallow wildfire threatening New Mexico
  • The second-largest wildfire in Arizona history roared across the state's craggy eastern swath Tuesday, chasing thousands of residents from their homes and threatening to march into New Mexico.

  • 05/17/2011 - New Mexico Public Schools Facilities Authority Works With VFA to Capture, Prioritize and Report on Statewide ...
  • BOSTON, MA--(Marketwire - 05/17/11) - VFA, Inc. , the leading provider of end-to-end solutions for facilities capital planning and asset management , today announced that the New Mexico Public Schools Facilities Authority (NM-PSFA) has chosen VFA.facility , VFA's capital planning and management software solution, and VFA.auditor , a Web-based guided self-assessment survey, to manage information ...

  • 04/30/2011 - Martinez seeking refund of train track
  • When Bill Richardson took office in 2003, he set to work growing what some have said is his legacy as New Mexico's governor: A new passenger train, a shiny state jet and a spaceport.

  • 04/27/2011 - CSU tennis teams wins first-round match at MWC championships
  • The CSU women's tennis team won its first-round match today in the Mountain West Conference Championships by defeating New Mexico 4-3.

  • 04/27/2011 - Virgin Galactic touts Spaceport growth
  • It might sound like a reach to some, but Virgin Galactic says there are lots of opportunities for developers to cash in on the creation of a shimmering space city around New Mexico’s Spaceport America in the desert east of Truth or Consequences.

  • 04/25/2011 - Want to travel to space? It'll cost you
  • ALBUQUERQUE -- Space travel will soon be within the reach of ordinary people, provided that they have extraordinary bank accounts. A two-hour flight from New Mexico's Spaceport America will cost $200,000 per traveler, an executive of flight operator Virgin Galactic said Monday.