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Another Albuquerque historic landmark gone…

Todd Clarke @ July 24, 2010 # No Comment Yet

Almost a year ago, I wrote about the devastating fire at the Castle apartments. Located on Central Avenue at about 15th street, the apartments were incredibly well built, had an appealing interior design and finish and were well loved by anyone who has ever lived there.
Although several local developers looked at ways to save [...]

More on page 885

The passing of an era

Todd Clarke @ April 2, 2010 # No Comment Yet

Posted in our sister blog, Todd Clarke’s Technology Corner, is an obituary of the man who developed the hardware for the first personal computer.
His fulltime job was as a scientist at Sandia National Labratories, but his interests were in developing computers that the public could use.
His company, MITS, developed the hardware, but he needed a [...]

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The potential impact of upcoming legislative and legal changes on NM’s Property Tax System

Todd Clarke @ December 10, 2009 # One Comment

I think of our property tax system as a bit of a prisoner’s dilemma (that is the game theory where two suspects are picked up by the police – if they both refuse to cooperate they walk, if either turns on the other suspect, then other suspect goes to jail, and if they both turn [...]

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Albuquerque’s housing market continues to improve while USA shows decrease

Todd Clarke @ November 11, 2009 # One Comment

According to a story in today’s Albuquerque Journal, 80% of this country’s cities showed a decrease in home sales prices, but Albuquerque remained on an modest upward trend.
“Third-quarter data showed the median sale price in the Albuquerque metro area was $183,500 — up from the first and second quarters — but down about 5 percent [...]

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Albuquerque economy fairing better than many…

Todd Clarke @ October 23, 2009 # No Comment Yet

An article in the NM Business Weekly today, indicates that Albuquerque’s economy is doing better than most - based primarily one one stat - the lack of volatility in housing prices.

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APS’s dismal graduation rate

Todd Clarke @ August 6, 2009 # No Comment Yet

In a copyright story by the Albuquerque Journal, the headline read “State: Almost Half of Class of 2008 Didn’t Graduate” and was followed by “Roughly half the students who should have graduated with the class of 2008 failed to do so, prompting a call to action by the state’s education secretary.”
While the headline is alarming, [...]

More on page 578

Albuquerque loses a stately historic apartment community

Todd Clarke @ August 5, 2009 # One Comment

Fire last night destroyed one of Albuquerque’s best loved medium sized apartment communities- the Castle Apartments. Located between downtown and old town at 1410 Central SW, the 20 unit apartment community caught fire around 8pm and continued to burn in the Wednesday morning.

Built in 1922, the 15,150 square foot apartments featured amazing built-ins and [...]

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Albuquerque is #1 (best place to live in 2009)

Todd Clarke @ June 9, 2009 # No Comment Yet

According to US News whose criteria was:
In selecting our Best Places to Live for 2009, U.S. News took a thrift-conscious approach: We looked for affordable communities that have strong economies and plenty of fun things to do. The cities we selected are as distinct as America itself—ranging from a quaint suburb to a [...]

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Albuquerque is #2!

Todd Clarke @ May 27, 2009 # No Comment Yet

Based on employment, quality of jobs, and the ability of cities to retain jobs in a down economy, Albuquerque came in #2 on Kiplingers Best Cities list.
Many of us know that good jobs are the drivers of demand for commercial real estate - and it is good affirmation for those investors who own and continue [...]

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NM Apartment Market Review 2008/ Forecast 2009

Todd Clarke @ March 9, 2009 # 4 Comments

Albuquerque Apartment market update2008 in review, looking forward to 2010 by Todd Clarke CCIM
The saying “may you live in interesting times” certainly seems to fit in today’s environment. Although the author and origin of this phrase is unknown, it is believed that it was composed as a curse and included two more phrases:
- May you come [...]

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Thanks to the folks at the NMBW for the press

Todd Clarke @ March 9, 2009 # No Comment Yet

Thanks to the folks at the New Mexico Business Weekly for the coverage about the kind of business we do.

Click here to read more.

More on page 427

Albuquerque in top 5 for building wealth

Todd Clarke @ February 3, 2009 # No Comment Yet

AP neswire has a story that indicates that Albuquerque is 5th in the nation for pay.
The compensation experts at Salary.com uncovered the top US cities for building personal net worth by taking into account local salaries, cost of living and unemployment relative to the national average.
The other 4 cities include:
1. Plano, TX
2. Aurora, [...]

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OP-ED- Equity in Property Taxes

Todd Clarke @ January 29, 2009 # One Comment

OP-EDEquity in property taxes
Todd Clarke CCIM
The Albuqueruqe Journal editorial titled “Add Equity to State’s CAP on Property Taxes” dated January 23, 2009 contains only part of the information needed to make an informed decision about making changes to the NM property tax system.
As always, there are unintended consequences of any piece of legislation, and in [...]

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Film Channel relocates from MN to NM

Todd Clarke @ January 11, 2009 # One Comment

A Copyrighted article from the NM Business Weekly indicates that Albuquerque has landed 100 new jobs and a corporate headquarters for the ReelzChannel.
Gov. Bill Richardson made the announcement today with Stan E. Hubbard, chairman and CEO of ReelzChannel - TV About Movies. ReelzChannel is owned by Hubbard Media Group, which also owns KOB-TV, Channel [...]

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