State of the apartment market – 2014
Todd Clarke @ August 20, 2014 # Comments Off on State of the apartment market – 2014
Thanks to the and the for hosting this mornings Apartment market outlook. AANM-ULI-IREM-DAT-ApartmentMarketOutlook-08202014-v4
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NMREC mandatory course findings and update
Todd Clarke @ July 31, 2014 # Comments Off on NMREC mandatory course findings and update
Cantera Consultants and Advisors has just finished its analysis of the NM Real Estate Commissions mandatory course and E&O programs. The findings and recommendations can be found here – 2-CCA2NMREC-UpdateandFindings-v9- 07202014
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Thanks to the NMREC
Todd Clarke @ May 27, 2014 # Comments Off on Thanks to the NMREC
for renewing my CE instructor license for 3 more years.
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ULI NM – 2013 Commercial Real Estate Value Survey
Todd Clarke @ August 28, 2013 # Comments Off on ULI NM – 2013 Commercial Real Estate Value Survey
The NM Chapter of the Urban Land Institute released its 2013 Commercial Real Estate and Value survey last week at the joint Apartment Association of NM and Urban Land Institute Market forum luncheon. Previous value and cap rate surveys performed by Cantera Consultants & Advisors Inc. can be found here for 2011 and here for […]
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Todd Clarke named as commissioner to Albuquerque Housing Authority
Todd Clarke @ April 9, 2013 # Comments Off on Todd Clarke named as commissioner to Albuquerque Housing Authority
In today’s Albuquerque Business First, Todd Clarke was named as commissioner for the Albuquerque Housing Authority.
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Property Tax update 2012 – should you protest?
Todd Clarke @ March 16, 2012 # Comments Off on Property Tax update 2012 – should you protest?
I have had a number of clients ask me if we are still doing property tax protests, as they had received a handful of pieces in the mail from our competitors encouraging them to protest your property taxes, but not one from our firm. 2011 Status Our office has only recently resolved our property taxes […]
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Rent vs. Own
Todd Clarke @ December 29, 2011 # Comments Off on Rent vs. Own
Note how NM’s housing prices are still considerably higher than its rent levels? Unless we bring more apartment communities into the supply pipeline, that will be changing in 2012-14,
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Homelessness in ABQ update
Todd Clarke @ November 10, 2011 # Comments Off on Homelessness in ABQ update
The Albuquerque Journal has an update on the homeless survey that was performed earlier this year. As you may remember, I participated in the survey earlier this year, and was dumbstruck by the stories the individuals I met shared. Although the focus on the article is about one individual who has made it into housing, […]
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Valuation survey for NM Commercial Real estate released.
Todd Clarke @ October 16, 2011 # Comments Off on Valuation survey for NM Commercial Real estate released.
Cantera Consultants & Advisors has just released its 2011 value survey for NM Commercial Real Estate. The survey reflects the collective wisdom of industry professionals in NM. Although Cantera uses the survey primarily for the benefit of it’s during property tax protest hearings, the survey has become staple in the commercial real estate market and […]
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Apartments become more expensive
Todd Clarke @ June 5, 2011 # Comments Off on Apartments become more expensive
Thanks to Melissa Montoya for covering the latest in apartment trends on KOAT TV 7.
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First responses from 2011 Census of homeless – in ABQ they are finding housing.
Todd Clarke @ May 11, 2011 # Comments Off on First responses from 2011 Census of homeless – in ABQ they are finding housing.
An update from our from the Albuquerque Heading Home homeless survey we helped with earlier this year. This article at 100k homes indicates that the first 15 homeless people from that survey have found housing – kudos to the Mayor and the folks at Albuquerque Heading Home for making this happen!
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Property tax presentation for NM IREM Chapter
Todd Clarke @ May 6, 2011 # Comments Off on Property tax presentation for NM IREM Chapter
can be found here: IREM-PropertyTaxUpdate-05052011-v2 thanks again to the IREM chapter for allowing me to provide them an update and overview of NM’s property tax system.
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Update to Taxessor app now v2.1
Todd Clarke @ April 25, 2011 # Comments Off on Update to Taxessor app now v2.1
iTunes had just pushed our latest update on the Taxessor app – it will now load your 2010 property tax values allowing you to compare your potential value with your current property tax value.
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It is property tax season
Todd Clarke @ April 23, 2011 # Comments Off on It is property tax season
Notices of value are in the mail, or will soon be in the mail. If you need assitance this year with your property taxes – we offer a number of services for you, your firm and your client including: We have an “app” for that If you are trying to determining if your value is […]
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Notice of value dates for property tax bills
Todd Clarke @ April 11, 2011 # Comments Off on Notice of value dates for property tax bills
The above table shows the notice of value mail dates for every property in New Mexico – note that you have only 30 days from that date to file your property tax protest.
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A new form of advertising – your house
Todd Clarke @ April 10, 2011 # Comments Off on A new form of advertising – your house
Thanks to Gizmodo.com for sharing from Adzookie.com which is a UK based company that is offering to pay homeowners mortgages if they let them paint their house with advertisements. Although the Gizmodo posting indicates the advertisement is only in UK, when I went to their website it looks like they are up and running in […]
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my first iPhone app help client’s calculate their property taxes
Todd Clarke @ February 21, 2011 # Comments Off on my first iPhone app help client’s calculate their property taxes
Very excited – as of 5 minutes ago, our iPhone app to help client’s calculate their property taxes for commercial properties in Bernalillo County went “live” in the iTunes store! It is only 99 cents, and if you provide us feedback to improve version 2 and leave feedback, I’ll gladly send you a buck! If […]
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More bricks and mortar fall to clicks
Todd Clarke @ February 12, 2011 # Comments Off on More bricks and mortar fall to clicks
In a Wall Street Journal article dated today, Borders Group has indicated that they are making preperations to file bankruptcy in the forthcoming days. Similar to the fallout of music stores after iTunes, Amazon website and digital readers has encouraged many readers to abandon physical stores. Companies that have figured out how to the digital […]
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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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Property Tax protests update for 2010
Todd Clarke @ December 28, 2010 # Comments Off on Property Tax protests update for 2010
2010 Bernalillo County Multi-family Property tax rollback – the rest of the story. The following is a summary of an email sent to clients after our December 15th, 2010 hearing: As I was working through a review and update of the apartment property tax lightning cases of 2010, I was reminded of the ancient Chinese […]
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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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NM Commercial Real Estate Value Survey
Todd Clarke @ September 13, 2010 # Comments Off on NM Commercial Real Estate Value Survey
Cantera Consultants & Advisors has just released the results from our latest valuation survey. This survey was performed over the summer of 2010 with real estate owners, investors, lenders, brokers and appraisers. The attached document demonstrates the changes in CAP rates and values from 2005 to 2010. Click here for the survey results and a […]
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NM Notices of property tax value are being mailed out
Todd Clarke @ March 29, 2010 # Comments Off on NM Notices of property tax value are being mailed out
Bernalillo County is mailng out notices of value on April 1st, 2010 and the deadline to file a protest of value will be 30 days after that. The remaining 32 counties have indicated that this is there mailing schedule: Our firm offers three options to assist you in property tax protests: 1. buy our 250+ […]
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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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Spaceport NM update
Todd Clarke @ October 27, 2009 # Comments Off on Spaceport NM update
Thanks to Richard David for turning me on to this article about the spaceports status…
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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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An update on property tax legislation
Todd Clarke @ March 12, 2009 # Comments Off on An update on property tax legislation
From the RANM newsletter dated 3/10/2009 FROM THE NEW MEXICO LEGISLATURE Property Tax Disclosure Bills Another property tax disclosure bill has moved in the Senate the last ten days. SB 564 (Duran), originally introduced in the Senate at the request of RANM, would require the property owner to provide the written declaration obtained from the […]
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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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Does this look familiar?
Todd Clarke @ February 3, 2009 # Comments Off on Does this look familiar?
Wired Magazine has an article on the upcoming Terminator moved which has been filming in Albuquerque during the last year. As New Mexico continues to beef up its filming resume, I remain amazed at how many buildings I recognize in various movies. Take this photo for example: Although the photo shows a post apocalyptic scene […]
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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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FAA approves Upham, NM for a space port…
Todd Clarke @ December 20, 2008 # Comments Off on FAA approves Upham, NM for a space port…
The old adage about location, location, location certainly applies to Upham, NM. Whats that you say? Where the H-E, double hockey sticks is Uphan? As a native NM who was born not too far from there, I’m afraid to tell you I didn’t know where Upham was until a couple of years ago when the […]
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ABQ in photo’s
Todd Clarke @ December 19, 2008 # Comments Off on ABQ in photo’s
If you are as much of a shutterbug as I am – you will love this website – source of great photos from my home town…
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Higest and Best Use Analysis…for a space shuttle?
Todd Clarke @ December 18, 2008 # Comments Off on Higest and Best Use Analysis…for a space shuttle?
Tampa Bay Fox News is reporting that NASA has issued a Request for Inquiries for potential uses for three soon to be retired space shuttles. Space shuttles Discovery, Atlantis, and Endeavour are slated to be mothballed and sold off for approx. $42M each. Shipping is likely to be $6M, and I’m guessing that since these […]
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