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ABQ retail broker launches his own real estate firm

By Ron Davis  –  Reporter, Albuquerque Business First Aug 25, 2020, 5:35pm EDT Clayton King grew up in a commercial real estate family, touring vacant spaces and meeting with tenants and property managers. After spending nearly 10 years in the industry as a broker, King now runs his own firm: King Capital Commercial Real Estate — a venture he launched in July. The firm will focus on …

New tenants starting to fill out ABQ shopping center

By Ron Davis  –  Reporter, Albuquerque Business First Oct 2, 2020, 4:09pm EDT The Zuni Plaza shopping center has a fresh look with the arrival of new national retail tenants. In August, AutoZone opened its 44th megahub store at 5555 Zuni Road SE. A megahub serves as a retail shop and distribution facility for all other AutoZones in New Mexico. Then in September, WingStop inked a lease …

What to Watch For in 2021: What does 2021 have in store for these New Mexico market trends?

By Ron Davis  –  Reporter, Albuquerque Business First Dec 31, 2020, 3:15pm EST The harsh economic realities from the Covid-19 pandemic in 2020 forced lot of hands in Albuquerque’s commercial real estate sector. People lost jobs. Expansion deals went on hold. While there is some optimism for a return to normalcy in 2021, developers and dealmakers will need to continue to be creative to serve clients and …

Popular Albuquerque burrito chain opens new location, has plans for more in 2021

By Ron Davis  –  Reporter, Albuquerque Business First Dec 31, 2020, 3:05pm EST Customers won’t be getting out of their car to get their breakfast burritos at the newest Stripes Burritos Co. Earlier this week, Stripes held a soft opening for its free-standing store at 2505 Wyoming Blvd NE — the former home of a Circle K gas station. There is no indoor dining space and the …

King Capital tries a contactless way to bring instant property information right to smartphones

By Ron Davis  –  Reporter, Albuquerque Business First Feb 12, 2021, 5:30pm EST If you’re walking by a King Capital Commercial Real Estate listing and want to know more, now you can receive property information with the snap of a smartphone camera. King Capital added QR codes, which you may see as a substitute for physical menus at restaurants, to some of its listing posters on its …

After 14 months of waiting, Westside indoor playground opens

By Ron Davis  –  Reporter, Albuquerque Business First May 20, 2021, 6:55am EDT JD Lopez didn’t get to bed until about 2:30 a.m. last Friday. He had a good reason for staying up late, however. Fourteen months after initially planning to open his business, Lopez and indoor playground Jungle Jam held a soft opening and a ribbon-cutting last Friday before fully opening over the weekend. The 25,000-square-foot space, …

AED launches website to showcase available commercial properties in the metro

By Ron Davis  –  Reporter, Albuquerque Business First Jun 24, 2021 Updated Jun 25, 2021, 1:25pm MDT With the launch of ABQSites.com, Albuquerque Economic Development is hoping business owners looking to relocate or expand have all the right information at their fingertips. Albuquerque Economic Development (AED) launched the site earlier this week and had 81 properties available to browse as of Thursday afternoon. Information on the site includes: Amount of …

Local franchisee to open first location of Colorado-based coffee chain in Albuquerque next week

By Ron Davis  –  Reporter, Albuquerque Business First Jun 15, 2021 Updated Jun 18, 2021, 4:53pm MDT A local Ziggi’s Coffee franchisee hopes to make an initial splash when it brews up for the first time in Albuquerque next Tuesday. Sergio Bermudez has plans for three initial locations of the Longmont, Colorado coffee chain: 6000 Montgomery Blvd., 5200 Menaul Blvd. NE and a future location to be determined. But the first …

How to Analyze a Retail Investment

Understand and Qualify the Tenant and Guarantor When purchasing a retail investment make sure you pay attention and study who the Tenant is and and the underlying Guarantor. The cap rate at which you are purchasing the investment is often based on the financial strength of the Guarantor. If the investment is occupied by the franchisee request a 2-3 years of the Guarantor’s Tax …

Lia Armstrong is the Newest Addition to King Capital Commercial Real Estate

Lia Armstrong is the newest addition to King Capital Commercial Real Estate. King Capital announced Tuesday that Armstrong, a 17-year veteran of the real estate industry, and most recently the former first vice president with CBRE’s Albuquerque office, joined the firm as a senior advisor. “I am elated to announce that I will be joining King Capital Commercial Real Estate, a boutique retail real estate …

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