New Mexico Business Journal

Albuquerque Business News – Local Albuquerque News | Albuquerque Business First

    Business First reveals its 2016 Women of Influence honorees
    Women across New Mexico operate businesses and run organizations in every facet of industry. And that represents just a part of their stories.

    Business First is taking note of 30 exceptional women this year ? recognized as the 2016 Women of Influence class.

    This year’s group represent high level entrepreneurs, nonprofit leaders, company executives and more. Our five distinguished judges had the unenviable task of selecting 30 influential women out of more than 100 that were nominated.


    Exclusive: NOVA Corp. changes data center plans at Mesa Del Sol, two execs depart
    NOVA Corp.’s massive Innava Data Center, which opened at Albuquerque’s Mesa Del Sol in April, was considered a win for both the master-planned community and the future of information technology in the Duke City and for the Navajo Nation.

    But less than a year later NOVA Corp.’s plans are on hold, as its board rethinks the data center’s business model and decides what to do with the 133,000 square foot building filled with equipment.

    Oscencio Tom, NOVA Corp.’s director of marketing based at its Window?

    ‘Turning cons into pros:’ Employ those leaving New Mexico jail system
    Many political leaders in Albuquerque and across the state address public safety concerns by supporting efforts that crack down on repeat offenders.

    Gov. Susana Martinez has made it a priority in the current legislative session, and Albuquerque Police Department Chief Gordon Eden said this week that proposed measures to keep repeat offenders behind bars include constitutional amendments, so judges can deny bail and enforce the three strikes law.

    ?I don?t believe the city recognized how dangerous?

    Albuquerque’s industrial vacancy rate the lowest since 2007
    We’ve reported on a well-performing industrial real estate sector in the Albuquerque area, a market that saw more activity and absorption last year. A new report from CBRE Albuquerque chronicles the activity and provides some strong year-end numbers.

    Some big stats for industrial: Net absorption in 2015 was at its highest level since 2007, and Albuquerque’s overall vacancy rate of 6.5 percent was the lowest since 2007.

    The report, compiled by CBRE’s senior research analyst Atsuko Poelman, shows?

    Real estate execs explain why New Mexico should pursue ‘enterprise zones’
    A state lawmaker last week introduced legislation that would change the state constitution to allow counties to limit property taxes within so-called “enterprise zones.”

    New Mexico currently doesn’t allow enterprise zones, a designation used in many states to provide incentives for new developments in blighted and urban areas.

    Local developers and real estate executives say the zones have allowed cities to be more economically competitive, and if enacted here, would encourage more private sector?

    Albuquerque broker Jiron branches out into ?huge? market
    Real estate brokers, whether commercial or residential, meet a lot of businesspeople in the course of their work. As a result, they often forge new ventures and side projects along the way.

    Jeff Martinez of the Allen Sigmon Real Estate Group has done it, adding Albuquerque hotels and health care businesses to his portfolio. Sometimes it’s a venture into technology, like the one Travis and Toni Thom of Venture Realty Group are in the midst of. Many break away from large firms and start their own?

    Another New Mexican appointed to Federal Reserve advisory group
    New Mexico’s flag in the Federal Reserve System is flying a little higher with the recent appointment of Adrienne R. Smith, president and CEO of the New Mexico Direct Caregivers Coalition, to the Community Advisory Council (CAC) of the Federal Reserve Bank.

    Formed last year by the Federal Reserve Board, the 15-member council is tasked to “offer diverse perspectives on the economic circumstances and financial services needs of consumers and communities, with a particular focus on the concerns of?

    5 things you need to know today, and see who’s recruiting at the closing Sprint call center
    We’ve been reporting that this organization is expanding how it looks for employees.

    Underwater homes still holding ABQ back

    So said Zillow senior economist Skylar Olsen in an interview with ABF’s Stephanie Guzman. Negative equity is a big reason for Albuquerque’s low housing inventory, she said. Read more here.

    Surround yourself with people who see opportunity in NM’s challenges

    That’s some advice from ABF publisher Candace Beeke, and she recommends three to know: Dale Dekker of Dekker/Perich/Sabatini,?

    Think like a business ? says APD chief ? to help address public safety
    Albuquerque Police Department Chief Gorden Eden has a big job. And he thinks employing business tactics can help with many of his goals.

    To meet a Department of Justice recommended staffing requirement of 1,000 police officers, Eden is employing a common business practice: marketing.

    As the guest speaker at Wednesday’s Economic Forum at Hotel Albuquerque at Old Town, Eden said APD has contracted with two New Mexico marketing firms ? Albuquerque’s Real Time Solutions and Rio Rancho’s Ad House?

    Here’s why more New Mexico businesses are offering health plans from beWellnm
    If you’re a small business in New Mexico, it could pay to offer health plans from the state’s health insurance exchange beWellnm ? and more businesses than ever are going that route.

    As of Jan. 14, 194 small businesses in the state had signed up for coverage via the beWellnm for Small Business Marketplace ? significantly more than were signed up this time last year, according to Linda Wedeen, senior director of communications for the New Mexico Health Insurance Exchange.

    Although the organization?