Arrey
Arrey, NM · Real Estate
KRQE News 13
NM State Land Office seeks developers for trust land sites in Albuquerque
ALBUQUERQUE, N.M. (KRQE) – Four parcels of state trust land in Albuquerque could be transformed into affordable housing or other economic development projects as part of a new initiative by the New Mexico State Land Office. “So we’re wanting to highlight these locations for development and put out basically feelers for interest on what folks would propose to do […]
errorsofenchantment.com
Proposed Albuquerque $15 minimum wage won’t improve affordability
Several Albuquerque city councilors are proposing an increase in the City’s minimum wage to $15 an hour for regular workers and a tipped wage of $7.20 an hour. Currently, the City has an $11.85 minimum wage but that rate is preempted by the state’s $12 an hour wage. If this law passes the regular wage will rise from $15 an hour and be indexed to inflation. The tipped wage for restaurant workers and others would be indexed to rise with inflation.
KRQE News 13
Vacant University Area lot transforms into townhomes
ALBUQUERQUE, N.M. (KRQE) – A plot of land in the university-area of Albuquerque that sat vacant for years has a new lease on life as the result of a public-private partnership. The vacant lot at 2404 Garfield Ave. SE has been transformed into the Garfield Townhomes and is now...
Builder
What 2026 Looks Like for Albuquerque Housing
Albuquerque, New Mexico, entered 2026 with guarded optimism, but the local spring selling season has struggled to gain traction. Sales activity has been uneven, shaped by higher mortgage rates, broader economic uncertainty, affordability pressures, and a slowing local labor market. Days on market, however, remain relatively healthy at roughly 45, reflecting the fact that overall housing supply is still well below pre-pandemic levels.
KRQE News 13
Vacant University Area lot transforms into townhomes
News-Bulletin
New development breaks ground in Belen; apartments, retail & more
BELEN—As the shovels scooped up the rich, brown dirt and the small, red cowboy boots stomped over the desert brush, a local family’s dream is coming to life. Belen city and business leaders gathered Tuesday, May 5, in the quiet and arid land off the West Frontage Road off Interstate 25, south of Camino del Llano and south of Sunrise Bluffs subdivision to celebrate the start of phase one of a multi-million dollar mixed-use development.
insurancebusinessmag.com
Pulte hauls 19 insurers to court over Albuquerque defect claims
Pulte is taking 19 insurers to court in New Mexico, saying not one stepped up to defend it against homeowner construction defect claims. The lawsuit, filed on May 1, 2026 in the US District Court for the District of New Mexico, names a long list of commercial carriers: Cincinnati Insurance Company, ACE American, Clear Blue Specialty, Endurance American, Everest National, Everest Premier, Gemini, GuideOne National, Hudson, James River, Knight Specialty, Lexington, National Fire Insurance Company of Hartford, Obsidian Specialty, Old Republic, Peleus, Selective, Sentinel, and United Specialty Insurance Company.
bondoro.com
Filing Alert: Diamond Elite Luxury Townhomes Owner Chapter 11
Diamond Elite Albuquerque LLC, owner and operator of Diamond Elite Luxury Townhomes, a gated luxury townhome community in Albuquerque, NM, filed for Chapter 11 protection on May 6 in the U.S. Bankruptcy Court for the Southern District of New York. The company reports $10 million to $50 million in both...
KRQE News 13
Unique kind of affordable housing coming to Albuquerque westside with preschool on site
ALBUQUERQUE, N.M. (KRQE) – A new kind of affordable housing broke ground last week, focused on providing more and more financial help for families with children. The West Mesa Ridge apartments by Coors and Fortuna on the west side will be a 128-unit affordable housing complex, with a preschool on site.
KRQE News 13
‘Make sure we don’t have subpar housing’: ABQ city councilors’ latest push for safer rental units
ALBUQUERQUE, N.M. (KRQE) – It’s the latest push from city councilors to make sure landlords maintain safe rental units. A group of Albuquerque city councilors hopes to crack down on landlords who refuse to fix things that could put renters in danger. “This ordinance really seeks to make sure that we prioritize life safety code violations. […]
KRQE News 13
Unique kind of affordable housing coming to Albuquerque westside with preschool on site
bondoro.com
Filing Alert: Fort Defiance Housing Chapter 11
Fort Defiance Housing Corporation, an Albuquerque, NM-based nonprofit developer and operator of affordable housing for low- to moderate-income families, filed for Chapter 11 protection on Apr. 17 in the U.S. Bankruptcy Court for the District of Arizona. The company reports $100 million to $500 million in assets and $10 million...