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Homeless survey in Albuquerque – Day 1

Todd Clarke @ January 31, 2011 # Comments Off on Homeless survey in Albuquerque – Day 1

This morning starting at 4am, hundreds of volunteers, including Mayor Barry and his wife, scoured the city looking to survey the homeless and put a face with the statistics of being without a home. As part of the 100khomes project, Albuquerque has created ABQheadinghome or Twitter KRQE ran a full story this morning which can […]

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Apartment update/forecast – ULI Dec. 2010

Todd Clarke @ January 24, 2011 # Comments Off on Apartment update/forecast – ULI Dec. 2010

The New Mexico ULI chapter December meeting was a commercial real estate update that included Steve Maestas from NAI Maestas/Ward, John Ransom from Grubb & Ellis NM, Jim Folkman from the Home Builders of Central NM, and myself, Todd Clarke from NM Apartment Advisors Inc. Our presentation can be viewed here.

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CCIM Success Profiles – one of my mentors, John Henderson III CCIM

Todd Clarke @ January 23, 2011 # Comments Off on CCIM Success Profiles – one of my mentors, John Henderson III CCIM

As you may know, the NM CCIM chapter #10 is collecting a series of stories about some of their most successful members – a task called “profiles in success”. Many of us have had people in our lives who we are grateful for – persons who show up at the right time and point us […]

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Are you an owner occupant in a Bernalillo County apartment building?

Todd Clarke @ January 3, 2011 # Comments Off on Are you an owner occupant in a Bernalillo County apartment building?

If so – you might be able to get your 2010 property taxes reduced (for free). According to the Bernalillo County Assessor, Karen Montoya, if you owner occupy an apartment (you will need proof in the form of a drivers license or utility bill), you can call the assessor’s office at 222-3700 to seek a […]

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Filing a claim of refund for 2010 property taxes

Todd Clarke @ December 28, 2010 # Comments Off on Filing a claim of refund for 2010 property taxes

After many months of strategizing, negotiating, researching, and putting together our cases for our client’s, Cantera Consultants & Advisors Inc. recently settled all of its cases on the controversial apartment property tax lightning cases for 2010 (click here to read the summary). In a recent (and copyrighted) Albuquerque Journal article, The Bernalillo County Assessor has […]

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770 KKOB Radio update – 11/29/2010 – Forecasting real estate in 2011

Todd Clarke @ November 29, 2010 # Comments Off on 770 KKOB Radio update – 11/29/2010 – Forecasting real estate in 2011

Bob: what do you have for us today Todd Todd: Good morning Bob! It’s hard to believe the holidays are already upon us and before you know it the end of the year will be here. As that time approaches, many of our customers wonder what 2011 will hold for the real estate industry and […]

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Another Albuquerque historic landmark gone…

Todd Clarke @ July 24, 2010 # Comments Off on Another Albuquerque historic landmark gone…

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 […]

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The passing of an era

Todd Clarke @ April 2, 2010 # Comments Off on The passing of an era

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 […]

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Apartments and Property tax lighting

Todd Clarke @ January 31, 2010 # Comments Off on Apartments and Property tax lighting

Cantera Consultants & Advisors Inc. recently completed a thorough analysis of all apartments in Bernalillo County. The following graph is a summary of that analysis. The graph illustrates that duplexes, triplexes and fourplexes are assessed at a much higher rate than their bigger peers. If you feel this is counter intuitive, you would be correct […]

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

Todd Clarke @ December 10, 2009 # Comments Off on The potential impact of upcoming legislative and legal changes on NM’s Property Tax System

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 # Comments Off on Albuquerque’s housing market continues to improve while USA shows decrease

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 […]

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Albuquerque economy fairing better than many…

Todd Clarke @ October 23, 2009 # Comments Off on Albuquerque economy fairing better than many…

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 # Comments Off on APS’s dismal graduation rate

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 […]

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Albuquerque loses a stately historic apartment community

Todd Clarke @ August 5, 2009 # Comments Off on Albuquerque loses a stately historic apartment community

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

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 live-music […]

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Albuquerque is #2!

Todd Clarke @ May 27, 2009 # Comments Off on Albuquerque is #2!

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 […]

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NM Apartment Market Review 2008/ Forecast 2009

Todd Clarke @ March 9, 2009 # Comments Off on NM Apartment Market Review 2008/ Forecast 2009

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: – […]

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Thanks to the folks at the NMBW for the press

Todd Clarke @ March 9, 2009 # Comments Off on Thanks to the folks at the NMBW for the press

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.

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Albuquerque in top 5 for building wealth

Todd Clarke @ February 3, 2009 # Comments Off on Albuquerque in top 5 for building wealth

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 […]

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OP-ED- Equity in Property Taxes

Todd Clarke @ January 29, 2009 # Comments Off on OP-ED- Equity in Property Taxes

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 […]

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Film Channel relocates from MN to NM

Todd Clarke @ January 11, 2009 # Comments Off on Film Channel relocates from MN to NM

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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