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Albuquerque Business First
U.S. energy secretary joins ABQ solar firm to break ground on $50M HQ
U.S. Secretary of Energy Jennifer Granholm, alongside New Mexico senators and local elected leaders, joined Array Technologies Friday to break ground on the solar company's new $50 million Albuquerque manufacturing and headquarters facility. Array Technologies...
Do you know these New Mexicans? You should.
From a retired colonel to an art gallery owner, the latest round of New Mexicans to Know span an array of industries and geographies but they all share one key trait — they choose to call New Mexico home. Every week, Albuquerque Business First features...
Another real estate titan settles commission lawsuit
The Warren Buffett-owned Berkshire Hathaway HomeServices of America has struck a settlement deal in an ongoing class-action battle over real estate agent commissions — agreeing to pay $250 million. The deal would also include some of its its subsidiaries,...
Rio Rancho to build $26 million high school
Rio Rancho Public Schools (RRPS) has set aside $26 million for construction of a new Independence High School on the corner of Northern Boulevard and Ontario Place, aiming to expand educational opportunities for local students. The new 50,000-square-foot...
What an evolving retail landscape means for America's downtowns
The challenges facing America's downtowns are frequently linked to the staggering amount of empty office space sitting in towers. But another important segment of the downtown revitalization conversation is how to fill a growing amount of vacant retail...
New group pushes 'pro-growth' development in Albuquerque
When Albuquerque's Environmental Planning Commission (EPC) heard a proposal on April 11 to amend the Balloon Fiesta Park master plan, allowing a large soccer stadium for local team New Mexico United on park grounds, more than 100 people tuned in, far...
Flix Brewhouse CEO provides timeline update on NE Heights location
First announced in September, Flix Brewhouse’s transformation of the former Regal UA High Ridge theater in the Northeast Heights is about to break ground on its multimillion-dollar renovation. <\p> A permit was issued to Construction is expected to start this month with the opening now slated for the end of the year or first part of 2025, said Chance Robertson, CEO of Flix. Snyder Construction is the general contractor on the project and Modulus Architects & Land Use Planning Inc. is the architect. <\p>
Meet this year's 40 Under 40 class
Ask a business leader to cite their biggest challenges, and recruitment and retention of employees are sure to be high on the list. <\p> This year’s Albuquerque Business First 40 Under 40 class might buck that trend. <\p>
Country club waitlists are surging. What about initiation fees?
Country clubs that made it through the leaner years of the Great Recession and the turmoil of the Covid-19 pandemic are expected to see blue skies in 2024 and beyond — and that means waitlists at well-situated clubs will likely remain robust. <\p> Right now, indicators are showing clubs are largely in the driver's seat in 2024 with increased demand and limited supply, according to Chris Davis, a director at Club Benchmarking, which uses club data and evaluations to help them plan for their capital needs.<\p>
These are America's wealthiest colleges and universities
Endowments at the 100 wealthiest colleges in America fell by an average of 3.3% between 2021 and 2022, but they rose an average of 35% since 2019. <\p> That’s according to a recent Business Journals analysis of data from the U.S. Department of Education.<\p>
Growth through TikTok? Here’s how two marshmallow makers did it.
For Lindzi Shanks and Kat Connor, it's all about the pour. The duo launched their company in early 2016 with $100 and a shared desire not to travel traditional career routes. In the years that have followed, the bright pinks, reds, greens and blues...
What drew this biotech startup from San Diego to Las Cruces
San Diego is well-regarded as a hub for biotech companies. That doesn't mean Southern New Mexico's largest city doesn't have just as much — if not more — to offer, according to this growing diagnostic startup. Jeff and Nolan Bauer, a father-son duo, launched Palladium Diagnostics in late...
Legacy cannabis operator ceases operations after asset sale
The brand, which first received its retail license in 2010, sold in 2019 to Sacramento, California-based investment group MWG Holdings in a $4.7 million deal. Join us as we celebrate Albuquerque's Fastest Growing Companies!. New CCD director talks compliance tactics, pressing issues in industry. $6.25M filing leads commercial building permits...
New CCD director talks compliance tactics, pressing issues in state industry
Todd Stevens, who was named CCD director in late August, sat down with Albuquerque Business First to talk about his approach to the new role, including how he wants to combat the illicit market and market saturation. Join us as we celebrate Albuquerque's Fastest Growing Companies!. Former Reynold Greenleaf COO...
Albuquerque health tech startup's pain sensing system nears clinical readiness
Pain is complicated — not just because physical pain in one spot is often linked to discomfort in another, but also because pain is tied up in a mix of cultural, household and workplace dynamics. In fact, researchers at Johns Hopkins Hospital have shown chronic pain patients are misdiagnosed 40% to 80% of the time.
Closed golf courses, country clubs offer high risks, big rewards for developers
What happens to a closed golf course or country club? It's a question that's leading to intense zoning debates, big spends by prominent investors and several multimillion-dollar projects. Here's why insiders say it's a mix of big risks and high rewards.
The Pueblo of Laguna breaks ground on new fire station
The Pueblo of Laguna has broken ground on a new fire station. The 12,700-square-foot Paraje Fire Station is located at 186 Casa Blanca Road. The station will consist of three drive-through bays for fire engines and rescue vehicles, offices for officers and administration, a conference room, break room, exercise area, living quarters for emergency personnel and equipment storage areas.
Virgin Galactic flies out of Spaceport America for fourth time in as many months
For the fourth time in as many months, Virgin Galactic (NYSE: SPCE) has flown a crew of astronauts into the far upper reaches of the atmosphere out of New Mexico's Spaceport America. The space tourism company launched its "Galactic 03" mission just after 8:30 a.m. Friday morning. VSS Unity, Virgin's...
NM Bank and Trust consolidated into new charter by Heartland Financial
New Mexico Bank and Trust, the state’s largest bank, has had its charter consolidated with 10 other Heartland Financial USA, Inc. (NASDAQ: HTLF) charters to form a single one, in a bid from the parent company to streamline reporting processes. A spokesperson...
New Mexico Forward
Panelists for the event included John Allen, Bernalillo County sheriff; Ernie C’deBaca, president/CEO, Albuquerque Hispano Chamber of Commerce; and Monica Jojola, principal/president, Montech Inc. THIS ARTICLE IS FOR SUBSCRIBERS ONLY. Continue reading with your subscription. Access 4 weeks of business news and insights.
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