AARP Ranks Las Cruces #2

AARP has named Las Cruces one of the top cities to retire in!  Tom Brokaw will be mentioning the list in his report on Boomer Retirement on March 4th at 9PM Eastern.  Tune in to see our fair city lauded as the 2nd best place in America to Retire!

To see the whole list, see this article at Realtor Magazine!

Price Reduction on 112,650 SF Manufacturing/Warehouse Las Cruces, New Mexico

Price Reduction on 112,650 SF Manufacturing/Warehouse Las Cruces, New Mexico

The price for a major Manufacturing/Warehouse facility in Las Cruces, NM  has been reduced again! The sale price for the  Parkview Metal building here in Las Cruces has been reduced to $$3,650,000, and is very close to the loan balance.  A qualified user could assume the loan with very little down.  The interest rate on the loan is tied to LIBOR and is currently below 4% The property could be purchased with no down payment. The assumable loan is an Industrial Revenue Bond and therefore has an interest rate well below market. The new price and the assumable financing make…

Gil Jones Joins NAI 1st Valley

Gil Jones Joins NAI 1st Valley

NAI 1st Valley is pleased to welcome Gil Jones as a new Associate Broker!  Gil joined our office in October of 2008.  He has held his real estate license since 2003, however this is the first time his license has been listed with a real estate firm.

Gil Jones is a current Las Cruces City Councilman, and spent a large part of his career in the farming and agribusiness community.  He has lived in Las Cruces since 1972 with his wife Jamie and their three children.

Welcome to our office Gil, we’re so happy to have you working with us!

Where Will Growth Occur?

Where Will Growth Occur?

By Dr. Peter Linneman, PhD
Chief Economist, NAI Global

Everyone finds that, even after controlling for a variety of other variables, U.S. population growth is extremely persistent; absent other information, the best way to predict a county’s population growth is to look at how much it grew in the past decade. Reflecting on the past quarter century of U.S. population growth, five key factors emerge:

  • the level of U.S. growth
  • where people want to live
  • where firms can efficiently produce
  • where development is allowed
  • “wild cards”

The first factor is the absolute level of U.S. population growth. Between 1980 and 2007, the population grew by about 75 million…

NAI Global 2009 Convention

NAI Global 2009 Convention

NAI 1st Valley will be attending the 2009 NAI Global Convention this year in Las Vegas, February 10-13.  This is a great opportunity for our brokers and staff to increase their knowledge of our changing marketplace, and to participate in some powerful networking - which ultimately helps our clients right here in Las Cruces!

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From the NAI Global Convention Website:

Today’s uncertain economy, expanding credit crunch, skyrocketing energy costs, slow domestic growth, devaluation of the U.S. dollar, ever-fluctuating stock market and the upcoming change in the White House have many concerned about where the commercial real estate market is headed. But there is…

There's Plenty Happening

There’s Plenty Happening

By Natisha Hales, Las Cruces Bulletin

Ask and you shall receive, right?

Well technically, I didn’t ask, but my column on El Paseo Road (Sept. 12) and its lack of business activity has led me to information that may change the makeup of the entire corridor.

The Community Action Agency building is going back to its original purpose - to serve as a grocery store.  Pro’s Ranch Market, based in California, has announced that they will take over the building in the near future.

The Hispanic grocery store, started in 1982 by Mike Provenzano Sr., started in southern California, but has expanded to Phoenix,…

Las Cruces Ranks #7 For Growth

Las Cruces Ranks #7 For Growth

NAI Global’s chief economist, Dr. Peter Linneman, has ranked Las Cruces, NM number 7 for projected growth through the year 2020.  For more information on this ranking, and what it means for Las Cruces and our economy, please see our article on “Where Will Growth Occur?” here on the blog, or download the white paper here.

We’re excited that Las Cruces is on the national radar for increased economic growth!  This means great things for our city in a time when the economy is uncertain in so much of the nation.

Way to go Las Cruces!