Metro- area home sales up 15.6%

Posted on Mar 17, 2016

With inventory tight in the Albuquerque area, monthly sales of detached, single-family homes still topped the 600-plus mark for February, a 15.6 percent increase over the same period last year and the most homes sold in February since 2007, according to the Greater Albuquerque Association of Realtors. The association reported Thursday that 638 homes sold in February. The busiest markets were in Albuquerque (439) and Rio Rancho (110). Metro-area home sales up 15.6 percent in...

Read More

Howard Friedman Passes

Posted on Mar 17, 2016

Friedman served as AMREP Corp’s President, CEO, treasurer and board chairman before retiring in 1991. http://www.abqjournal.com/677102/news/last-of-4-founders-of-rio-rancho-dies.html

Read More

Owner of Rio Rancho’s Mariposa says development poised for a comeback

Posted on Sep 1, 2015

Last year, the Scottsdale-based real estate investment and development firm Harvard Investments bought Rio Rancho’s 1,600-acre master-planned community Mariposa. With a reputation of buying and investing in distressed communities, the purchase of Mariposa was Harvard’s first time working in the New Mexico market. Some Mariposa homeowners faced challenges after its previous developer left the project in 2012. Some were also wary of Harvard. “They felt Mariposa was a real black eye for the community, and people didn’t see how it would ever get resurrected,” said Tim Brislin, Harvard vice president. Click here to view...

Read More

Rio Rancho’s new economic development agency is seeing gravy

Posted on Jun 3, 2015

Albuquerque Business First (April 24, 2015) The Sandoval Economic Alliance hit the ground running when it formed last year. But now that it’s growing, incoming alliance chair J.R. Allison said he’s ready to take on some of the bigger issues facing Rio Rancho and embrace new marketing techniques to get there. Allison, the business liaison for Old Republic Title in Rio Rancho, said SEA is now trying to raise another $200,000 from partners to round out a $600,000 budget. That money, he said, will fund not just internal operations but new sales techniques.   Click here to view article    ...

Read More

Convergys expanding Rio Rancho footprint — to hire up to 250

Posted on Jun 2, 2015

Albuquerque Business First (June 2, 2015) The Convergys call center operation in Rio Rancho is expanding and hiring more employees. Gov. Susana Martinez made the announcement at the company’s location at 6090 Zenith Ct. NE on Tuesday, where the words “now hiring” are now posted on its sign. Several employees gathered for a public announcement on Tuesday about the new jobs, including Rio Rancho Mayor Gregg Hull. “We work very hard to make sure that announcements like this happen regularly,” said Hull at the event. “The decision to expand your Rio Rancho operations here is another reason New Mexico is great — a place with a qualified workforce with access to higher education. We certainly are very appreciative.” Click here to view...

Read More

Tower rising in Rio Rancho will be city’s largest

Posted on Apr 10, 2015

Albuquerque Journal (April 1, 2015) The six-story, 150,000-square-foot patient tower currently under construction at Presbyterian Rust Medical Center is an $89 million structure made out of poured concrete that will be the tallest building in Rio Rancho. Still on schedule for completion in November, the tower is just part of an expansion of the medical center that opened in late 2011. Also under construction is a small second-story extension of the diagnostic and therapeutic area of the medical center that will house four operating rooms and related preparation/recovery bays. “I get a lot of comments from the community,” said Jim Jeppson, director of real estate at nonprofit Presbyterian Healthcare Services. “What we’re doing has led to cascading development in the area. Community and business leaders have thanked us for what we’re doing to stimulate growth.” Click here to view article...

Read More