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Albuquerque Business First
$28M U.S. Army contract latest for this ABQ company
Verus Research, an advanced research and development firm headquartered in Albuquerque, announced Tuesday it received a five-year, $28 million contract from the U.S. Army for testing and evaluation of directed energy technologies. The contract was...
New Mexico Bank and Trust part of $2B merger
A regional bank that quietly moved its headquarters to Denver last year is planning a merger valued at $2 billion, including a long-standing New Mexico community bank that was consolidated into a new charter last year. Heartland Financial USA Inc. announced...
Home2 Suites opens second location near ABQ Sunport
Business travelers looking for an extended place to stay in New Mexico now have another option near Albuquerque’s International Sunport. The four-story, 108-room Home2 Suites by Hilton Albuquerque Airport will host a grand opening ceremony on May...
Meet the doctors behind Albuquerque's emergency medical services
There is no question health care is an area where New Mexico struggles. And while the system itself has room for improvement, there are outstanding individuals and organizations who work tirelessly to combat those barriers while delivering exceptional...
Santa Fe venture firm adds veteran, looks to raise $80M
A new partner with more than a decade of experience investing in New Mexico and the broader Southwest region has joined a Santa Fe-based venture firm as it raises a fourth, $75 million-plus fund. Lee Rand, who's spent over 15 years as a partner with...
Small-business grants you can apply for this month
Small-business owners are optimistic about their growth prospects as we move toward the midpoint of 2024. According to a recent WalletHub survey of business owners, more than 60% of small-business owners believe now is a good time to grow. That's despite...
The coveted perk workers would take a pay cut for
Since the pandemic, many employers have been exploring benefits to differentiate themselves in what remains a tight hiring market. That's one reason unlimited vacation and sabbaticals are on the rise. It's also why many businesses have considered the...
This L.A. company remains bullish on its $30M Downtown ABQ project
Palisociety, a Los Angeles-based hotel management company, wants to capitalize on New Mexico's booming film industry by revamping Hotel Blue on the corner of Central Avenue and Eighth Street. Located at 717 Central Ave. NW, the 75,000-square-foot Hotel...
Osuna Nursery's GM wants to bring the outdoors to everyone
Jason Seo, general manager at Osuna Nursery, wants to bring the outdoors to everyone. After moving to the states from South Korea, Seo found a home in Albuquerque and grew his passion for greenery. “We're very proud with what we've been doing selling...
Home prices hit a milestone. Here's why it's a double-edged sword.
The median sale price for U.S. homes hit a record $383,725 during the four weeks ending April 21, up more than 5% from a year earlier, according to newly available data from real estate firm Redfin Corp. The increase comes even as the supply of homes...
Employers feeling a need for speed in the hiring process
Editor's Note: Welcome to The Playbook Edition, a look at stories, trends and changes that could affect your business and career. Want more stories like this in your inbox? Sign up for The Playbook newsletter. Job interviews are among the most...
Meow Wolf co-founder to open $15M immersive spa in Austin
The co-founder of one of New Mexico's most well-known companies has plans for another immersive endeavor — this one focused on health and wellness rather than art and entertainment. Corvas Brinkerhoff, who helped form the Santa Fe-based artist collaborative...
State department gets new cabinet secretary
The Governor's Office announced Monday Melanie Kenderdine, a nonprofit co-founder and former U.S. Department of Energy official, will serve as cabinet secretary of the New Mexico Energy, Minerals and Natural Resources Department, effective May 8. Kenderdine,...
ABQ cardiac health startup launches AI-driven care platform
2024 is a year of scaling for Albuquerque's Karoo Health. A new, artificial intelligence-driven platform the startup recently launched could be a big part of helping the company hit its growth goals throughout the rest of the year, its CEO said. Karoo...
NM settles $25M with Texas O&G co. over air quality violations
The New Mexico Environment Department said Monday it reached a nearly $25 million settlement with an Austin-based oil and gas company over alleged state air quality violations, the largest civil oil and gas settlement the Department has received. Ameredev...
Marinas saw a rising tide during Covid. It's no longer smooth sailing.
America’s largest marina owner is making a billion-dollar bet on the industry. Dallas-based Suntex Marina Investors LLC earlier this month announced a joint venture backed in part by Centerbridge Partners LP to acquire more than $1.25 billion in new...
$6.26M filing leads last week's commercial building permits
The City of Albuquerque issued eight commercial building permits between April 22 to April 26. The permit for the largest project in terms of square footage was issued on April 26 to Regina Okoye for a new building at 9850 De Vargas Road SW. The project...
New Mexico has a health care problem. These doctors have solutions.
Physician shortages, gross receipts taxes, medical malpractice insurance — these are just a few of the challenges frequently cited as barriers to delivering quality health care in New Mexico. And while the health care system in New Mexico often feels...
NM renewable energy authority names new executive director
The New Mexico Renewable Energy Transmission Authority, or RETA, a state authority created in 2007, announced April 25 Lynn Mostoller will take over as its executive director on July 1. Mostoller, currently RETA's general counsel, plans to resign from...
Here's the latest progress report on Max Q at Kirtland
As Northrop Grumman marks its first anniversary at Max Q, Kevin Yearout, managing partner at Thunderbird Kirtland Development LLC, is focused on attracting more tenants to the 70-acre mixed-use development at Kirtland Air Force Base. On April 1, Yearout...
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