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TABLE OF CONTENTS03QUICK LINKSINDUSTRY BRIEF890610139293EVENT CALENDARCLASSIFIEDSWEEDFEEDLEGISLATIONSTATISTICSBUSINESS FOR SALE105106107110PERMITSTHEFT & SECURITYGENERAL DISCLOSURE >IF YOU FIND THE BUILT ENVIRONMENT'S LOGOSEND US AN EMAIL ATMAGAZINE@CONSTRUCTIONREPORTER.COMWHERE'S THE LOGOCONSTRUCTION14AFFILIATES16FEATURED COMPANY45FEATURED PROJECTS46PRE-BID PROJECTS49ACTIVE PROJECTS51POST-BID PROJECTS56LIENS60CONSTRUCTION NEWS28REAL ESTATE61AFFILIATES63FEATURED COMPANY80PROPERTIES FOR SALE81LAND FOR SALE82REAL ESTATE TRANSACTIONS83REAL ESTATE NEWS69SPACE INDUSTRY84AFFILIATES88SPACE NEWS 86FEATURED COMPANY87BUILTENVIRONMENT
05Steve AdamsJoshua CutlerManaging EditorDane VaughnMEET OUR TEAMWhat’s our favorite amendment in the Bill of Rights?Sarah Motsingersarahm@constructionreporter.comOwner & Managing Partnersteve@constructionreporter.comsteve@thebuiltenvironment.comOwner & Managing Partnerjcutler@constructionreporter.comjcutler@thebuiltenvironment.comCarrie Bagleycarrie@constructionreporter.comReporterRebecca Taylorrebecca@constructionreporter.comReporterShannon Ryanshannon@constructionreporter.comReporterdvaughn@constructionreporter.comdvaughn@thebuiltenvironment.comCommunications Director &General ManagementGarry BoulardBIO: Garry Boulard is a reporterand author whose work hasappeared in the New York Times,Los Angeles Times, ChristianScience Monitor, Chicago Tribuneand Times-Picayune, among otherpublications. Continue reading >Writer4901 Mcleod NE, STE 200A, Albuquerque, NM 87109www.thebuiltenvironment.com(505) 243-9793news@thebuiltenvironment.comBUILTENVIRONMENT
BERNALILLO COUNTY MANAGER JULIE MORGAS BACA RETIRESJordan Honeycutt, KRQE NewsALBUQUERQUE, N.M. (KRQE) – BernalilloCounty Manager Julie Morgas Baca hasretired from her position. Morgas Baca tookover the job in 2015 and was the firstwoman to hold the position in decades. Continues reading >06INDUSTRY BRIEFINGBUILTENVIRONMENTNICHOLAS CUMINS IS THE NEW CEO OF BENTLEY SYSTEMSStaff, Construction Business OwnerEXTON, Pa. (July 1, 2024) — Following the CEO transition plan previously announced byBentley Systems Incorporated, Nicholas Cumins is taking over as CEO. Cumins succeedsGreg Bentley, the eldest of the five brothers who founded Bentley Systems, who becomesexecutive chair of its board of directors. Continues reading >19TH ANNUAL AREA DEVELOPMENT GOLD AND SILVER SHOVELAWARDSSteve Kaelble, Area DevelopmentThe pace of outstanding economic news inthe past year has been nothing short ofbreathtaking. Overall, the economy keepsgrowing at a healthy pace, and economistsare coalescing around the conclusion thatthe mythical “soft landing” has arrived—withinflation tamed, relatively speaking, but withsurprisingly low joblessness along withhealthy job and gross domestic productgrowth. The economic-developmentheadlines have been equally rosy...Continues reading >Copyright: Canva ProCopyright: Canva Pro
SEND YOUR COMPANY'S HIGHLIGHTS!WE'LL POST IT IN “THE BUILT ENVIRONMENT MAGAZINE”100% FREE!Why choose us? What are we looking for?CompanyUpdatesConstructionUpdatesPress ReleasesReal Estate Updates0103020405Our magazine is a bridge to New Mexico's commercial constructionand real estate communities, offeringyou a free spotlight like no other.Submit content on newhires, promotions, andcompany milestones forfeature consideration.Looking for sub-bidrequests, contract awards,project milestones, awards,and job site photos.Send us your companypress releases forpotential feature in ourmagazine.Seeking info on commercialreal estate sold, for sale, andmore for potential magazinefeatures.Potential LeadsSubmit potential news-worthyleads you believe deserve aspotlight in our magazine.BUILTENVIRONMENT
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Member?A R E Y O U O U R N E X TWe list a monthly average of 200 actively bidding projects. Ournews staff works constantly to bring you the projects you need.CONSTRUCTIONREPORTER09
10EVENTCALENDARJULY 2024BUILTENVIRONMENTTHURSDAY JULY 4THSANTA FE CHAMBER OF COMMERCE - VIEW CALENDAR10:00 AM - 10:30 AM: Ribbon Cutting - SantaFe Children’s Museum - CLICK HERE ALBUQUERQUE HISPANO CHAMBER OFCOMMERCE - VIEW CALENDAR10:00 AM - 12:00 PM: Women in BusinessProgram Monthly Meeting - CLICK HERE 2:00 PM - 3:00 PM: Cachini Dance Group(Zuni) - CLICK HERE VISIT ALBUQUERQUE - VIEW CALENDAR7:00 PM - 9:00 PM: SUMMERTIME IN OLDTOWN 2024 - CLICK HEREFRIDAY JULY 5THGREATER LAS CRUCES CHAMBER OF COMMERCE- VIEW CALENDAR8:00 AM - 9:30 AM: 2024 Chamber University:Maximizing Your Investment - CLICK HERE RIO RANCHO REGIONAL CHAMBER - VIEW CALENDAR5:00 PM - 6:30 PM: Business After Hours - DelNorte Credit Union - CLICK HERE ALBUQUERQUE HISPANO CHAMBER OFCOMMERCE - VIEW CALENDAR2:30 PM - 4:30 PM: Growing Small BusinessTraining Series - CLICK HERETUESDAY JULY 9THALBUQUERQUE HISPANO CHAMBER OFCOMMERCE - VIEW CALENDAR1:00 PM - 3:00 PM: Ambassador ProgramMonthly Meeting - CLICK HERE 9:00 AM - 12:00 PM: Employer ConnectionHiring Event - CLICK HERE RIO RANCHO REGIONAL CHAMBER - VIEW CALENDAR5:00 PM - 6:30 PM: Women in LeadershipLuncheon - CLICK HEREWEDNESDAY JULY 10TH
11BUILTENVIRONMENTCARNM - VIEW CALENDAR8:30 AM - 10:00 AM: CCIM NM Board Meeting - CLICK HERE CREW NETWORK - VIEW CALENDAR1:00 PM - 2:00 PM: Avoiding and MitigatingRisks on a Construction Project - CLICK HERE RIO RANCHO REGIONAL CHAMBER - VIEW CALENDAR1:00 PM - 2:00 PM: Local Social - ChickenSalad Chick - CLICK HERE CITY OF SANTA FE - VIEW CALENDAR6:00 PM: Planning Commission - CLICK HERE CITY OF ALBUQUERQUE - VIEW CALENDAR4:00 PM - 6:00 PM: "Meet and Greet" withCouncilor Nichole L Rogers - CLICK HERETHURDAY JULY 11THNEW MEXICO REGULATION & LICENSINGDEPARTMENT - VIEW CALENDAR8:00 AM - 1:30 PM: REAL ESTATE APPRAISERREGULAR BOARD MEETING - CLICK HERE GREATER LAS CRUCES CHAMBER OF COMMERCE - VIEW CALENDAR7:30 AM - 9:00 AM: 2024 Eggs &Conversations - CLICK HERE RIO RANCHO REGIONAL CHAMBER - VIEW CALENDAR12:00 PM - 12:30 PM: Ribbon Cutting -Leadership Project - Haven House - CLICK HERE SANTA FE CHAMBER OF COMMERCE - VIEW CALENDAR8:30 AM - 10:00 AM: Coffee & Biz-Connections - Host Cisneros Design At CapitolCoal Neighborhood Eatery - CLICK HERE 11:00 AM - 11:30 AM: Ribbon Cutting - Del NorteCredit Union's 70th Anniversary - CLICK HERE ALBUQUERQE HISPANO CHAMBER OFCOMMERCE - VIEW CALENDAR6:00 PM - 7:30 PM: Science on Tap: NuclearWaste 101 - CLICK HERE 2:00 PM - 3:00 PM: Kallestewa Dance Group(Zuni) - CLICK HEREFRIDAY JULY 12THNEW MEXICO REGULATION & LICENSINGDEPARTMENT - VIEW CALENDAR8:00 AM - 5:00 PM: Real Estate CommissionRegular Board Meeting - CLICK HERE CARNM - VIEW CALENDAR9:00 AM - 12:00 PM: NMREC Meeting - CLICK HEREMONDAY JULY 15THRIO RANCHO REGIONAL CHAMBER - VIEW CALENDAR11:30 AM - 1:00 PM: CHAMBER MEMBERORIENTATION LUNCHEON - CLICK HERE SANTA FE CHAMBER OF COMMERCE - VIEW CALENDAR10:00 AM - 10:30 AM: Ribbon Cutting - ChaseBank - New Location - CLICK HERE GREATER ALBUQUERQUE CHAMBER OFCOMMERCE - VIEW CALENDAR12:00 PM - 1:30 PM: Shakers & Stirrers at SharkReef Cafe - CLICK HERETUESDAY JULY 16THCARNM - VIEW CALENDAR8:00 AM - 9:00 AM: LIN Marketing Meeting - CLICK HERE RIO RANCHO REGIONAL CHAMBER - VIEW CALENDAR11:30 AM - 12:30 PM: Nonprofit Alliance Meeting- CLICK HEREWEDNESDAY JULY 17TH
12BUILTENVIRONMENTALBUQUERQUE HISPANO CHAMBER OFCOMMERCE - VIEW CALENDAR2:30 PM - 4:30 PM: Growing Small BusinessTraining Series - CLICK HERE6:00 PM - 7:00 PM: La Hermandad IndustryProgram Monthly Meeting - CLICK HERE SANTA FE CHAMBER OF COMMERCE - VIEW CALENDAR10:00 AM - 10:30 AM: Ribbon Cutting - ChaseBank - New Location - CLICK HERETUESDAY JULY 16THBERNALILLO COUNTYJULY 10TH9:00 AM: ZONING ADMINISTRATOR PUBLICHEARING - CLICK HEREDONA ANA COUNTYJULY 8TH3:00 PM: BOCC Work Session - CLICK HEREEDDY COUNTYJULY 16TH8:30 AM - 12:30 PM: Board of CountyCommissioners Meeting - CLICK HEREGRANT COUNTYJULY 9TH9:00 AM - 12:00 PM: Work Session - CLICK HERE JULY 11TH9:00 AM - 12:00 PM: Regular Commission Meeting- CLICK HEREGUADALUPE COUNTYJULY 18TH9:00 AM - 12:00 PM: County Commission Meeting - CLICK HEREHARDING COUNTYJULY 18TH8:30 AM: Harding County Board of CountyCommission Meeting - CLICK HERELEA COUNTYJULY 9TH9:30 AM: Lea County Planning & Zoning BoardRegular Meeting - CLICK HERE 5:30 PM: Lovington-Lea County ExtraterritorialZoning Commission Meeting and Public HearingRESCHEDULED - CLICK HERELOS ALAMOS COUNTYJULY 9TH6:00 PM - 8:00 PM: County Council - RegularSession - CLICK HERE JULY 10TH5:30 PM - 7:00 PM: Planning and ZoningCommission - CLICK HERE JULY 11TH5:30 PM - 7:30 PM: Park and Recreation Board - CLICK HERELUNA COUNTYJULY 18TH10:00 AM - 12:00 PM: Board of CountyCommissioners' Regular Meeting - CLICK HEREOTERO COUNTYJULY 25TH9:00 AM - 5:00 PM: County Commission RegularMeeting - CLICK HERE
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CONSTRUCTIONNEW MEXICO NOVEMBER BALLOTTO INCLUDE $230.2 MILLION BONDISSUE FOR SCHOOL FACILITYIMPROVEMENTSPOPULARPARKFUNDING FROM WASHINGTONSECURED FOR POPULAR TAOSRECREATION PARK >FEATURED PROJECTWASTEWATER TREATMENTPLANT 2 HEADWORKSCONSTRUCTION >FREATURED PREBIDSKETCH PLAN APPROVED IN ELPASO COUNTY, COLORADOFOR BIG RAIL SPUR PROJECT >BUILTENVIRONMENT
0015AFFILIATESFEATURED COMPANY164546495156FEATURED PROJECTSPRE-BID PROJECTSACTIVE PROJECTSPOST-BID PROJECTSLIENS6000NEW MEXICO NEWS28NEW MEXICO NOVEMBER BALLOT TOINCLUDE $230.2 MILLION BOND ISSUEFOR SCHOOL FACILITY IMPROVEMENTS >28FUNDING FROM WASHINGTONSECURED FOR POPULAR TAOSRECREATION PARK >29SOUTHWEST NEWS33FUNDING PROCESS UNDERWAY FORCONSTRUCTION OF BIG EL PASOAMPHITHEATER >33PLANS ADVANCING FOR ASMINTERNATIONAL'S NEW ARIZONAFACILITY >34WORK SCHEDULED FOR NEW PHASE OFEL PASO'S POPULAR BEAST URBANPARK >36NATIONAL NEWS39FEDERAL FUNDING ANNOUNCED FOR236 AIRPORT IMPROVEMENT PROJECTSNATIONALLY >39TRENDS NEWS42SELF-STORAGE RENTAL RATES DOWN,CONSTRUCTION STILL UP, NEWINDUSTRY REPORT NOTES >42CONSTRUCTION HOMPAGEBUILTENVIRONMENTHISTORIC STORE IN THE OLDESTCOLORADO TOWN GETS FUNDING FORFACILITY EXPANSION PLANS >36NEW AND LONG-PLANNED TRANSITDEVELOPMENT SLATES FOR DENVER'SFIVE POINTS NEIGHBORHOOD >37
CONSTRUCTION AFFILIATES 16BUILTENVIRONMENT
17BUILTENVIRONMENTASA NEW MEXICOANNUAL SPONSORSRED LEVEL Albuquerque Pipe & Pump Supply Co. American Fire Protection Group, Inc.American National Insulation & Sealants Construction Reporter/ The Built Environment Crane Service, Inc. Enterprise Builders Corporation Equipment Share Fairway, Inc.Ideal Plumbing & Heating, LLC National Roofing Company, Inc. Prime Electric, Inc. United RentalsWestern Partitions, Inc. Wagner Equipment, Co.Western States Fire Protection Yearout Mechanical, Inc.WHITE LEVELBELFOR Property Restoration Bradbury Stamm ConstructionDekker Perich Sabatini Jack’s Mechanical Solutions, Inc.Jaynes Structures Menicucci Insurance Agency, LLCRay’s Flooring Specialists REDW Advisors & CPAs BLUE LEVELBohannan Huston, Inc. G & H Construction Company, Inc.JTC, Inc. Klinger Constructors, LLCRisk Strategies– Burke Insurance Group The Specialists Electrical ContractorStudio Southwest Architects4Rivers Equipment2024 Annual Golf Tournament Title SponsorHUB InternationalThank you for your continued support!DOWNLOAD THE ASA NMNEWSLETTERVIEW THE ASA NMMEMBERSHIP DIRECTORY 2023-2024 >SAVE THE DATE: 2024ASANM EVENTSAugust 8, 2024 Luncheon Presentation– GCPanel DiscussionAugust 28, 2024 Beer & Business Cards HappyHourSeptember 12, 2024 Luncheon Presentation–HR Legal Discussion, Employment & Paid SickLeaveOctober 4, 2024 Annual Golf TournamentOctober 23, 2024 Beer & Business CardsHappy HourNovember 7, 2024 NM Construction SafetyCoalition MeetingNovember 14, 2024 Luncheon Presentation–Insurance Panel DiscussionNovember 20, 2024 Beer & Business CardsHappy HourCopyright: Canva pro
18AGC NEW MEXICOEVENT CALENDARAGC CONSTRUCTION IMPACT MODELAGC has partnered with a leading regional economist, BrianLewandowski of the University of Colorado Boulder, to create AGC'sConstruction Impact Model. The model is a tool that can be used bymembers, chapters, policy makers and researchers to understand theeconomic impact of infrastructure investment by state.VIEW VOLUME 2 ISSUE 41 TO LEARN MORE >FEDERAL JUDGEISSUES NATIONWIDEINJUNCTION AGAINSTDEPARTMENT OFLABOR’SOVERREACHING DAVIS-BACON RULEAssociated General Contractors of America Argues NewRule Exceeds Statutory Authority Under the Davis-BaconAct, Court Agrees The Associated General Contractors of America (AGC)celebrates a significant legal victory in its ongoingefforts to protect members from overreaching federalregulations. Today, the U.S. District Court for theNorthern District of Texas in Lubbock has granted AGC’smotion for a nationwide preliminary injunction,temporarily blocking the AGC-challenged provisions to arule issued by the U.S. Department of Labor expandingcoverage of the Davis-Bacon Act (DBA). CONTINUE READING >AUGUST 2024AUGUST 23RD 7:00 AM - 2:30 PMAGC Legends Annual Golf Tournament - CLICK HERESEPTEMBER 2024SEPTEMBER 18TH 8:00 AM - 12:00 PMScaffolding Safety - CLICK HEREBUILTENVIRONMENTCopyright: Canva proJULY 2024JULY 15TH 8:00 AM - 4:00 PMBuilding Information Modeling Education Program- CLICK HERE JULY 23RD 8:00 AM - 2:00 PMLean Construction Education Program, 2nd edition - CLICK HERE JULY 24TH 4:00 PM - 6:00 PMCLC on Tap - CLICK HERE
19BILL HASSE JR. LEGACY SCHOLARSHIPAPPLICATIONAnnual Fall ScholarshipApplication Available Late Spring 2024ANY COLLEGE OR UNIVERSITYEmployees or Immediate Family Membersof an ACNM Member CompanyUNM APPLICATIONAnnual Spring ScholarshipApplication Available Mid Fall 2024SCHOOL OF ENGINEERINGCivil Engineering,Construction Engineeringor Construction ManagementNMSU APPLICATIONAnnual Fall ScholarshipApplication Available Mid-Spring 2024COLLEGE OF ENGINEERINGCivil Engineeringor Civil Engineering TechnologyCLICK HERE TO LEARN MORESCHOLARSHIPSACNM JUNE 2024NEWSLETTER READ THE NEWSLETTER >A MESSAGE FROM ACNM EXECUTIVE DIRECTOR JIM GARCIACopyright: ACNMWith Memorial Day behind us, it’s now time to get ready for a nice summer in the Land of Enchantmentand ACNM is ready. The CLC committee just kicked off their “Freedom From Hunger” Food Drive to benefitthe Roadrunner Food Bank. The program is statewide and will go on until July 5th and we have over 30drop-off locations throughout the state. The committee decided to replenish the food bank during thesummer when donations are down.The District 2 Transportation Commission was held in Portales last week and District Engineer Franciscohad a nice presentation for the attendees. One of the key takeaways from the meeting was theauthorization of cameras in road work zones in Bernalillo County...BUILTENVIRONMENT
22BUILTENVIRONMENTCopyright: Canva ProARCHITECTSPARTNER WITH AOCSELECTIONCOMMITTEE TOCONGRATULATE TOMAUSTIN ON HISAPPOINTMENT AS THE13TH ARCHITECT OFTHE CAPITOLWASHINGTON – July 1, 2024 – TheAmerican Institute of Architects (AIA)hosted a welcome reception in theSpeaker of the House’s office with TomAustin, PE, CCM, PMP, who was selectedas the new Architect of the Capitol (AOC).CONTINUE READING >AIA ALBUQUERQUEEVENT CALENDARJULY 2024JULY 25TH 12:00 PM - 1:00 PMAIAABQ July Luncheon - New Mexico ArchitecturalFoundation - CLICK HERE
23ABC NEW MEXICO EVENT CALENDARJULY - DECEMBER 2024WASHINGTON, July 2—Associated Buildersand Contractors today responded to the U.S.Department of Labor’s Occupational Safetyand Health Administration’s Heat Injury andIllness Prevention in Outdoor and IndoorWork Settings proposed rule.“ABC continues to believe employers shouldequip their employees and leadership teamsto develop their own safety plans, unique...CONTINUE READING >Copyright: Canva ProABC: FLEXIBILITY ISIMPERATIVE FOREFFECTIVE HEAT SAFETYPROTECTIONS INCONSTRUCTIONFRIDAY JULY 12TH, 6:00 PM - 10:00 PM - CLICK HERENIGHT GLOW GOLF TOURNAMENTTHURSDAY AUGUST 15TH, 11:30 AM - 1:00 PM - CLICK HERESAFETY AWARDS LUNCHEONTHURSDAY SEPTEMBER 19TH, 11:30 AM - 1:00 PM - CLICK HERESEPTEMBER MEMBER LUNCHEONFRIDAY OCTOBER 25TH, 6:00 PM - 9:00 PM - CLICK HEREFRIDAY SEPTEMBER 6TH, 7:00 AM - 2:00 PM - CLICK HERESPORTING CLAY TOURNAMENTTHURSDAY MAY 23RD, 9:00 AM - 3:00 PM - CLICK HEREABC NEW MEXICO CRAFTCOMPETITIONEXCELLENCE IN CONSTRUCTIONAWARDSBUILTENVIRONMENTTHURSDAY DECEMBER 12TH, 11:30 AM - 1:00 PM - CLICK HEREANNUAL AWARDS LUNCHEON
24BUILTENVIRONMENTYOUR 2024 NMUCABOARD OF DIRECTORS &STAFFPRESIDENT, DALE ARMSTRONG, TLCPLUMBING & UTILITY 505 761 9696VICE-PRESIDENT, DAMON WICKETTS,4RIVERS EQUIPMENT 505 884 2900SECRETARY/TREASURER, JENICE GALLEGOS,GROUNDWATER PARTNERSPAST PRESIDENT, CLAY BLAIR, RMCI 505 345 0008TROY OTERO, GROUNDHOG CONSTRUCTIONSERVICES 505 243 2133DIRECTOR DARRIN HOWELLS, AUI INC. 505 242 4848DIRECTOR JOE MENICUCCI, DOWNEY &COMPANY 881 0300DIRECTOR REINEE PEACHER, DUCROSSCONSTRUCTION 575 636 3023DIRECTOR KELLEY FETTER, E2RC 505 867 4040 DIRECTOR JOHN THEILER, DH UNDERGROUNDTERRI BAKER, CORE AND MAIN 505 344 0223EXECUTIVE DIRECTOR, JANE JERNIGAN 505 888 0752JULY 202418TH SOCIAL - LOCATION TBD AUGUST 202411TH 811 DAY14TH SAFETY “COMMITTEE15TH PLANNING22ND BOARD MEETING22ND MEMBERSHIP MEETINGUPCOMING DATESNMUCANEWSLETTERJUNE 2024 >Hello Members,Join us for our next membership meeting on June20th at El Pinto. We will be highlighting the ZiaPartnerships, and presenting the NMUCA SafetyAwards and the 2024 Scholarships.Do you want the ability to perceive, understand, andeffectively respond to a situation? Register for ourpresentation on Situational Awareness that willtrain you to comprehend circumstances whilegathering relevant information, analyzing it, andthen making decisions to successfully addresspotential risks, hazards or events that may occur.Flyer below.Jane Jernigan
25WICNM NEWSLETTERJUNE 20242024 DATESBUILTENVIRONMENTHello Friends,I hope this message finds you well as we continueto make strides in our dynamic industry. It is myhonor to address you in this month’s newsletter,celebrating the invaluable contributions of womenin construction.Every day, you exemplify resilience, skill, andleadership on worksites across our beautiful state.Your dedication not only shapes our everyday lifebut also paves the way for future generations ofwomen entering this field. As we confrontchallenges and seize opportunities in construction,your expertise and innovation play a pivotal role indriving our collective success.Together, we are breaking barriers, challengingstereotypes, and creating a more inclusiveenvironment where everyone can thrive. Iencourage you to take pride in your achievementsand share your stories, ideas, and experiences withus. Your perspectives are invaluable in shaping ourongoing journey towards excellence, to enrich ourcommunity and inspire others to pursue theirpassions in construction. Let us continue to build onthis foundation we laid; towards a future wherediversity and equality are cornerstones of ourindustry.THANK YOU for your unwavering dedication,passion and determination. Your impact is felt farbeyond construction sites, shaping a brightertomorrow for us all. Here's to the rest of 2024 filled with continuedsuccess and inspiration.Stephanie L. Peña - TLC Company, Inc.WICNM President 2024 SEPTEMBER 12TH - BOWLING SOCIALNOVEMBER 23RD - WIC GALALOCKER #505 SCHOOL SUPPLYMONETARYDONATIONSSCAN QR CODEBELOW TO MAKEMONETARYDONATIONS TOLOCKER #505MARK YOUR CALENDARS!
26CONTINUE READING >Ronda Gilliland-Lopez currently serves as thePresident of the Governing Board, whichrepresents a cross-section of highly valuableprofessional knowledge (legal, financial,strategic planning, education, and industryrelations).ACE LEADERSHIP HIGH SCHOOLMISSION OF MCA NMThe Mechanical Contractors Association of NewMexico is an industry trade associationdedicated to the advancement of membercontractors through training, advocacy, andpartnership.MISSION OF SMACNA NMAt the Sheet Metal and Air ConditioningContractors’ Association of New Mexico ourmission is to create a competitive advantage forour members through industry education, laborrelations, standards development, industryrepresentation, and business studies. The New Mexico Bid Depository System (NMBDS)strives to build partnerships through bidding. Thepurpose of the Bid Depository is to improve thebidding process by helping ensure the quality andequity of sub-bid scopes, and to provide adequatetime for review of the sub-bids by the generalcontractors so that they may more accuratelycomplete their bids.This system has been developed for the good ofthe contracting industry and the public as a whole.It is not a law - it is purely voluntary. Please feelfree to call this office for any additionalinformation - 505-341-9033NEW MEXICOBID DEPOSITORYCopyright: MCA/SMACNA NMMCA/SMACNA of New Mexico is a strongpartner of ACE Leadership High School. VIEW >INDUSTRY ESSENTIALSIndustry Essentials is an exclusive member-onlymonthly education series designed to providemembers a private venue to learn about anddiscuss important policy issues, industry trends,and other important professional developmenttopics.Programming will include prominent speakers todiscuss business, economic, and policy issuescritical to the construction industry and ourmembers.Topics in 2021 will include conversations withleaders to discuss cannabis safety andregulations, public procurement, tax policychanges, paid time off legislation, cyber security,the construction industries division and more!BUILTENVIRONMENT
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28BUILTENVIRONMENTThe prospect of new school construction and facilityupgrade projects are expected to be seen across NewMexico if voters approve a more than $230 millionbond in November.What is officially being called the Public EducationBond Issue is designed to fund a wide variety ofcapital improvements in both district and tribalschools, as well as some acquisition projects.NEW MEXICO NOVEMBERBALLOT TO INCLUDE $230.2MILLION BOND ISSUE FORSCHOOL FACILITYIMPROVEMENTSBy Garry Boulard, Construction Reporter 06/28/2024Copyright: Canva proThe bond will also provide fundingfor some institutions of higherlearning capital projects.The bond proposal was initiallyapproved in February of this yearby members of the New MexicoState Legislature, before winningthe signature support of GovernorMichelle Lujan Grisham thefollowing month.Prospects for the bond look good,if the state’s voting history canserve as a guide: out of 31 bondissues presented to New Mexicovoters in the last nearly twodecades, 30 have won approval.The only recent bond failure camein 2010 during the GreatRecession, when voters by theclose margin of 50.1% to 49.9%turned down a $155 million bondto fund higher education projects.The most recent state-wide bondelections were held in 2022 andsaw 62.7% of voters approving a$19.2 million bond for publiclibrary improvements; just over61% supporting a bond of $215million for improvements to specialeducation and tribal schools; and afinal $24.4 million bond for seniorcitizen facilities projects.CONSTRUCTION NEWSNEW MEXICO
Located at 939 Salazar Road in an open rural area withimpressive mountain views, the Filemon Sanchez Park inTaos has long been a local and regional favorite withregularly scheduled softball games, picnic, and walking space.Now Taos officials are studying a master plan to upgrade the10-acre park, situated around two miles to the southeast ofthe Taos Town Plaza.New Mexico Democrat Representative Teresa LegerFernandez has secured funding to improve the park, whichwas first opened in the summer of 1982.In a letter to the House Appropriations Committee asking for$1 million in funding, Leger Fernandez remarked that thepark for some time has been in a "state of disrepair."She also, noting the nearly 7,000-foot altitude of Taos,commented that "revitalization of the park at a high altitudewould provide revenue to the Town of Taos by giving it theability to host soccer, baseball, and softball tournamentswith the teams around the region."The condition of the Filemon Sanchez Park has also been onthe minds of town officials, especially after an agreementwas forged last fall, transferring ownership of the park fromthe County of Taos to the city.In a recent staff presentation before members of the TaosTown Council a master plan for refurbishing the park wasdiscussed. That refurbishment, which could cost as much as$6 million, would most likely include the upgrading ofrecreation and soft ball areas, as well as general buildingfacilities and parking lot work.A proposal has also been aired to put on this November'sballot in Taos a $7.5 million general obligation bond thatwould go toward bringing the park up to date.FUNDING FROM WASHINGTONSECURED FOR POPULAR TAOSRECREATION PARKBy Garry Boulard, Construction Reporter 06/27/2024Copyright: Canva pro29BUILTENVIRONMENT
Netflix cut the ribbon on its newly expandedstudios facility in Albuquerque at a grand-opening event Thursday in New Mexico.Continue reading >NETFLIX UNVEILSEXPANDEDALBUQUERQUE STUDIOSFACILITIES SPANNINGMORE THAN 100 ACRESIN THE NEW MEXICODESERTBy Todd Spangler, VarietyCopyright: Canva pro30BUILTENVIRONMENTAs the impacts of the U.S. Supreme Court’sSackett decision of 2023 unfold, NewMexico water advocates are pushing forincreased protections of waterways that areno longer protected under...Continue reading >FOLLOWING SACKETT,QUESTIONS REMAINABOUT WHAT WATERSARE PROTECTEDBy Hannah Grover, New Mexico Political Report 06/30/2024ALBUQUERQUE, N.M. (KRQE) – The NewMexico Department of Transportation(NMDOT) wants input from residents livingnear Paseo del Volcan. An online communitysurvey is helping shape the ongoing project.Continue reading >NEW MEXICO LOOKINGFOR INPUT ON PASEODEL VOLCAN ROADPROJECTBy Curtis Seggara, KRQE News07/02/2024Video above: Residents are experiencing theaftermath of flash floods that swept parts ofAlbuquerque, New Mexico on Saturday,June 29. Karen Schnerch told KOAT 15 feetof floodwaters seeped through her backpatio and damaged parts of her property.Another homeowner experienced 7 feet ofwater inside of his apartment shortly after.Continue reading >FLOODWATERSDAMAGE HOMES INALBUQUERQUEBy Faith Egbuonu, KOAT 07/01/2024Copyright: Canva pro
Bernalillo County voters will get to decide inNovember whether to support $40.5 millionin capital projects ranging from a wroughtiron fence to several new athletic fields.Continue reading >WHAT PROJECTS WILLCOUNTY RESIDENTSVOTE ON THISNOVEMBER?By Rodd Cayton, City Disk ABQ07/03/2024Copyright: Canva pro31BUILTENVIRONMENTJul. 1—Despite community pushback,convenience store company QuikTrip is stilltrying to build a gas station and conveniencestore in Albuquerque.Continue reading >QUIKTRIP CONTINUESPURSUIT OF GASSTATION,CONVENIENCE STOREAPPROVALSBy Megan Gleason, Albuquerque Journal 07/01/2024SANTA FE — Beginning Spring 2025, feesfor day use sites and campgrounds on theSanta Fe National Forest (SFNF) willincrease. This revenue is invested into forestrecreation site maintenance such as trashcollection, septic and vault toilet pumping,painting, cleaning, addressing the backlog ofmaintenance, conducting patrols, andmaintaining high-use sites.Continue reading >SANTA FE NATIONALFOREST RECREATIONSITE FEES TO INCREASEBy Carol A. Clark, Los Alamos Daily Post07/02/2024Copyright: Canva proJul. 2—The U.S. Environmental ProtectionAgency plans to give the public another 60days to comment on a permit that will allowBishop's Lodge to discharge up to 60,000gallons a day of treated wastewater intoTesuque Creek.Continue reading >PUBLIC WILL GETANOTHER 60 DAYS TOCOMMENT ON BISHOP'SLODGE WASTEWATERPERMITBy Scott Wyland, The Santa Fe New Mexican07/02/2024
LOS LUNAS — Construction on the morethan one million square-foot Amazonfulfillment center in Los Lunas is complete,and the facility is now hiring and will beofficially opening in mid-July.Continue reading >AMAZON FULFILLMENTCENTER TO OPEN INJULYBy Felina Martinez, Valencia County News-Bulletin 06/27/2024Copyright: Canva pro32BUILTENVIRONMENTThe Village of Taos Ski Valley Counciladopted a pair of resolutions during itsregular meeting last Friday (June 21) thatofficials hope will help the village avoid yetanother repeat audit finding with regard toits water and wastewater fund. Continue reading >VILLAGE OF TAOS SKIVALLEY PROPS UPUTILITY FUND AGAINBy Geoffrey Plant, Toas News06/26/2024Copyright: Canva pro
33BUILTENVIRONMENTCONSTRUCTION NEWSSOUTHWESTAn effort to build a new $80 millionamphitheater on a 50-acre site roughly adozen miles to the northeast of downtownEl Paso is being challenged by numbers.Announced earlier this year, the project isset to go up in the 9700 block of GatewayBoulevard at the former site of the much-used Cohen Stadium, which was demolishedin the summer of 2019.Plans for what is being called the SunsetAmphitheater, as revealed this spring,envision a 12,000-seat facility looking outon the Franklin Mountains and surroundedby a 50-acre entertainment district.FUNDING PROCESSUNDERWAY FORCONSTRUCTION OF BIGEL PASO AMPHITHEATERBy Garry Boulard, Construction Reporter 06/28/2024Copyright: Canva proWinning the support of city officials, theproject has been described by Mayor OscarLeeser as an "iconic venture that will notonly attract renowned artists but will alsoprovide an unforgettable experience formusic enthusiasts from across the region."The developer of the project was announcedas the Colorado Springs-based Notes Livescompany, which has been involved this yearin completing a similar facility in its homecity.But challenges to securing funding for thebuilding of the Sunset project have sincebeen identified, which include the fact thatthe City of El Paso has not yet come up withan earlier promised $31 million in incentivesto get the project going.Meanwhile, the Notes Lives company, whichhas since been renamed Venu, is tasked withcoming up with the $80 million to build theproject, a goal that according to thenewspaper El Paso Matters has not yet beenrealized."The company's financing model includeslooking to private investors to buy fire pitsuites and selling various ownermembership levels to accredited investors,"notes the paper in quoting from informationprovided on Venu's website.Continues >
Investors are expected to have annualincomes at or above $200,000 or have anindividual net worth of more than $1 million.Besides its current project in ColoradoSprings, Venu has announced plans forsimilar large amphitheater entertainmentdistricts in Oklahoma, Tennessee, and thecity of McKinney, in northeastern Texas.In announcing the construction of the $220million McKinney project in March, JWRoth, chief executive officer of Venu, said ina statement: "I didn't set out to build cheapvenues. I set out to build the best, the mostpremium venues that will deliver the bestfan base experience possible."34BUILTENVIRONMENTWith nearly all seven states within the250,000-sq-mile Colorado River basinscrambling to conserve theirapportionments from the river system’sincreasingly depleted resources, interest insecuring alternative local drinking watersupplies is soaring.Continue reading >ENR 2024 WATERREPORT: MANAGERSLOOK TO POTABLEWATER REUSEBy Pam McFarland, ENRCopyright: Canva proThe Almere, Netherlands-basedsemiconductor manufacturing giant ASMInternational is moving forward with plansto build its new headquarters in Scottsdale,Arizona.The project will see the construction of a250,000-square-foot main facility to go upon a 20-acre campus.In a statement, ASM chief executive officeBenjamin Loh said the new facility will"substantially expand our research anddevelopment activities, furtherstrengthening Arizona as a hub for top-notch semiconductor innovation."Beginning operations in 1968, ASM today isa world leader in the manufacturing ofsemiconductor wafer processing equipmentfor the fabrication of semiconductordevices.Continues >PLANS ADVANCING FORASM INTERNATIONAL'SNEW ARIZONA FACILITYBy Garry Boulard, Construction Reporter 07/02/2024Copyright: Canva pro
The company, with around $2.7 billion in annual revenue, has facilities throughout Europeand Asia. It opened its first U.S. location in Phoenix in 1976.It is expected that ASM will spend upwards of $300 million over the course of the next fiveyears designing and building its new Arizona facilities.According to published sources, the Scottsdale facility will also house a research anddevelopment lab, global training center, and supply chain and manufacturing engineeringspace.In an earlier press release, the company said the $300 million will fund a "combination ofcapital expenditures related to infrastructure and lab equipment and includes operationalexpenses such as the additional research and engineering jobs created with the expansion."35BUILTENVIRONMENTNow in its final phase, an extensive roadproject is poised to transform a criticaltraffic artery in San Antonio. The BroadwayStreet Reconstruction Project aims torevitalize the lower portion of the BroadwayStreet Corridor from East Houston toInterstate 35, along a vital route whichconnects the historic downtown core to thenorthern inner-city neighborhoods.Continue reading >FINAL PHASE OFBROADWAY STREETPROJECT TOTRANSFORM VITALTRAFFIC CORRIDOR INSAN ANTONIOBy Mark Bird, Texas Contractor Copyright: Canva proImprovements to Colorado Highway 115,from Colorado Springs to Penrose, willincrease safety on this roadway by addingpassing lanes, reconstructing a bridge, andrebuilding cracked and distressedpavement.Continue reading >COLORADO DOTPROVIDES SAFETYBOOST FOR CO 115 WITH$40M HIGHWAYIMPROVEMENTPROJECTBy Debra Wood, Rocky Mountain Construction Copyright: Canva pro
A park site nearly 20 miles to the east ofdowntown El Paso may soon see extensiveconstruction work.The Beast Urban Park is already the home ofa modern recreation center that houses apopular swimming pool, gymnasium, andcomputer center.Now, according to plans released by the Cityof El Paso, it could also see the building offour new baseball fields and two basketballcourts.Additional plans call for half a dozenpickleball courts at the park's site, which islocated at 13501 Jason Crandall Drive, notto mention two sand volleyball courts.According to city sources, the project, whichhas been subject to public input meetings,will also see the building of two pavilionshelters and the installation of landscapingand irrigation systems.WORK SCHEDULED FORNEW PHASE OF ELPASO'S POPULAR BEASTURBAN PARKBy Garry Boulard, Construction Reporter 07/01/2024Copyright: Canva proAltogether, it is expected that it will costnearly $7 million to undertake the park'slong-discussed expansion project, with workexpected to begin in spring of next year.The Beast Urban Park, built on desert landfor an underserved community, opened inthe spring of 2021.Funding for the 92-acre park, which wasgiven its unique name through a publicnaming contest, is coming out of what's leftof the big Quality of Life Bond approved byvoters 12 years ago.Work on the park is expected to becompleted by the summer of 2026.36BUILTENVIRONMENTA grocery store in the small town of SanLuis, Colorado, built 3 years beforeAbraham Lincoln became president, maysoon see a facility expansion owing in part toa just-awarded grant of nearly $103,000.Continues >HISTORIC STORE IN THEOLDEST COLORADOTOWN GETS FUNDINGFOR FACILITYEXPANSION PLANSBy Garry Boulard, Construction Reporter 07/01/2024Image capture: Sep 2022 ©2024 Google
The R & R Market, located at 367 MainStreet, is thought to be the oldestcontinually operating store in Colorado andfor that reason alone is regarded ashistorically important.But because the structure was built inPueblo Revival style, with stepped parapetsand a flat roof, it is valued bypreservationists for an architectural stylerapidly disappearing in the West.Now called the People's Market, an effort isunderway to expand space within thestructure, allowing it to also house a coffeeshop, commercial kitchen, and smallincubator space.To that end, the grant, awarded by the non-profit group History Colorado, will fund thecreation of comprehensive constructiondocuments needed to accommodate thechange.In a statement, Jason Medina, executivedirector of the Community Foundation ofthe San Luis Valley, said the project will"both rejuvenate one of the state's earliestand most unique Spanish-influencedcommunities and provide a roadmap forother rural communities looking to buildself-sufficiency."To give an idea of how old the store is, theColorado Sun recently noted that it openedits doors before Colorado was a state, and "ayear before the first cabins in Denver."That the store is regarded as the oldestcontinually operating store in Coloradomakes particular sense given that the townof San Luis, with a current population ofaround 600 residents, is the oldest town inthe state.37BUILTENVIRONMENTDive Brief:LG Energy Solution has temporarilypaused a portion of its $5.5 billionbattery manufacturing complex inQueen Creek, Arizona, according to acompany statement shared withConstruction Dive.The $5.5 billion complex consists of twomanufacturing facilities: a stand-alonecylindrical plant and an energy storagesystems battery plant. LG confirmedonly the ESS battery facility will be puton hold, while the construction of itscylindrical electric vehicle batteryfacility will continue as planned.Continue reading >LG PAUSESCONSTRUCTION ONPART OF $5.5BARIZONA BATTERYPLANTBy Sebastian Obando, ConstructionDive07/01/2024Copyright: Canvaa pro
An existing parking lot in the Five Pointssection of Denver may soon be convertedinto the site of a six-story condominiumcomplex with a variety of one to three-bedroom units.The project belongs to the City of Denver'sDepartment of Housing Stability, otherwiseknown as HOST, with income-restrictedunits available to residents earning 80% ofarea median income.The building will go up at the intersection of29th Street and Welton Street in aneighborhood of both apartment buildingsand offices. The parking lot has for yearsbelonged to the city's RegionalTransportation District.NEW AND LONG-PLANNEDTRANSITDEVELOPMENTSLATES FORDENVER'S FIVEPOINTSNEIGHBORHOODBy Garry Boulard, Construction Reporter 06/27/2024Copyright: Canva proWhat is being described as a transit-oriented development has been more thaneight years in the planning stage, originallylaunched as a joint project between Denverand the RTD. Two years ago the Denver-based Shanahan Development was broughtin as the project's developer, with theElevation Community Land Trust selectedas both landowner and property manager.According to city documents, the 29th andWelton project is being looked at as a"representative example of how workingcollaboratively and cooperatively,government, non-profits, and developerscan bring about affordable housingprojects."Work is expected to begin on the $5 millionproject later this year, with an anticipatedcompletion date of mid-2026.Transit oriented developments, oftenattracting substantial federal funding, areprojects that can include residential, office,and even commercial space, built withinwalking distance of a public transportationsystem.The concept has proven particularly popularalong the East coast and in California.Denver embraced the concept nearly twodecades ago, developing a Transit OrientedDevelopment Strategic Plan, and now hasmore than thirty such operativedevelopments scattered in both urban,suburban, and student neighborhoods of thecity.38BUILTENVIRONMENT
39BUILTENVIRONMENTCONSTRUCTION NEWSNATIONALA series of airports in various parts ofthe country are now in line to receiveup to $123 million in federal fundingfor a variety of facility constructionand upgrade projects.In announcing the grants,Transportation Secretary PeteButigieg said the funding will helpmodernize hundreds of airports and"better meet the current and futuredemands of the flying public."FEDERAL FUNDINGANNOUNCED FOR236 AIRPORTIMPROVEMENTPROJECTSNATIONALLYBy Garry Boulard, The Built Environment 07/03/2024Copyright: Canva proThe funding is coming through the Federal AviationAdministration and will see projects on both coastsof the country, with a particular emphasis onairport work in the nation's midsection states ofIowa, Missouri, Nebraska, and Kansas.Some $3.5 million in funding is on its way to the KitCarson County Airport in Burlington, Colorado forthe pavement reconstruction of a taxiway.The pavement reconstruction of a taxiway at theBuckeye Municipal Airport in Buckeye, Arizona, isslated to receive $1.9 million in grant support.One of the largest grants, at $6.8 million, will fundthe rehabilitation of an existing apron at the MiamiInternational Airport. Equally big: the $3.8 milliongoing to the John Wayne Airport in Santa Clara,California to purchase and install new elevators intwo separate terminals.What are officially designated as AirportImprovement Program grants are designed to fundeverything from runway and taxiway repairs to thebuilding and upgrading of airport facilities andairfield maintenance.Funding also supports the installation of lighting,new signage, the building and upgrading of weatherstations, and land acquisitions. In a statement, Shenatta Griffin, an FFA associateadministrator, said the latest round of funding willmake it possible to "sustain and improve criticalinfrastructure to advance the safest, most efficientairport system in the world."
Making infill development easier, adding astate role to local land-use controls, andconnecting housing with transit were someof the top trends in housing policy thatemerged on May 9 at the 2024 ULI/CharlesH. Shaw Forum on Urban CommunityIssues. The forum topic, “State and LocalInnovations to Expand HousingOpportunities,” reflected something thatmany communities around the UnitedStates are grappling with: dire housingshortages.Continue reading >LEGALIZING MOREHOUSINGCONSTRUCTION WITHSTATE AND LOCALINNOVATIONSBy Deborah L Myerson, Urban Land06/27/2024Copyright: Canva pro40BUILTENVIRONMENTNew York's Building Code Council is set toinclude the All-Electric Buildings Act in its2025 code update.Continue reading >‘ALL-ELECTRICBUILDINGS’ LAW PARTOF NY BUILDING CODEUPDATEBy Edwin J. Viera, Public News Service 07/01/2024Real Truck, a manufacturer of functionalaftermarket accessories and an onlinedestination for truck, Jeep®, Bronco® andoff-road enthusiasts, plans to expandproduction operations in Starke County,Ohio. The project is expected to createmore than 100 jobs. Continue reading >REAL TRUCK EXPANDSSTARK COUNTY, OHIO,OPERATIONSBy Staff, Area Development07/02/2024Copyright: Canva pro
The U.S. Department of Transportation(USDOT) today announced $1.8 billion ininfrastructure grants for 148 road buildingand infrastructure projects across America.Funding comes from the RebuildingAmerican Infrastructure with Sustainabilityand Equity (RAISE) discretionary grantprogram for projects across the country.This announcement brings the grantprogram's total to $7.2 billion for more than550 projects. Continue reading >$1.8B ININFRASTRUCTUREGRANTS ANNOUNCEDACROSS U.S.By Gigi Wood, For Construction Pros06/26/2024Copyright: Canva proThree months after Baltimore’s FrancisScott Key Bridge collapsed – killing sixpeople, shutting a major port and disruptingvehicle traffic along the Eastern Seaboard —local, state and federal officials began amassive effort to make the best out of anunimaginable situation.Continue reading >41BUILTENVIRONMENT$2 BILLION BALTIMOREBRIDGE REBUILD IS TESTCASE FOR NEWNATIONAL DEBATEOVER INFRASTRUCTURESPENDINGBy Scott Cohn, CNBC06/21/2024WASHINGTON – Senior Bidenadministration officials announced aproposed rule Tuesday to prevent heat-related illness in the workplace, as climatechange brings hotter temperatures aroundthe nation.In a call to reporters Monday, officials spokeon background about the new rule, whichthe administration sent to the FederalRegister Tuesday for review. Depending onthe heat index, the rule would requireemployers to monitor workers’...Continue reading >BIDENADMINISTRATIONANNOUNCES NEW RULETO PROTECT WORKERSFROM HEAT-RELATEDILLNESSESBy Lia Chien, Source NM07/02/2024
42BUILTENVIRONMENTCONSTRUCTION NEWSTRENDSAfter the big Covid 19-inspired boom, self-storage asking rents have been on adownward slope, a trend giving littleevidence of ending any time soon, says anew industry survey.According to the latest Self StorageNational Report, published by theScottsdale, Arizona-based Yardi Matrix, theaverage rental price per square foot at$16.44 nationally is 4.5% lower than wherethings stood in May of 2023.A year ago, the average price per squarefood stood at $17.36.The decline is connected with several largertrends: continued high interest rates andthe impact those rates have had on the U.S.housing market.The rate drop has hit both climate-controlled and non-climate-controlledspaces nationally, with the decrease ranginganywhere from 1.2% in New York to a highof 9.1% in Atlanta.Continue >SELF-STORAGE RENTALRATES DOWN,CONSTRUCTION STILLUP, NEW INDUSTRYREPORT NOTESBy Garry Boulard, Construction Reporter 07/01/2024Copyright: Canva pro
Rent declines have showed up everywhere,with more than 5% drops in Philadelphia,Charleston, Tampa, Las Vegas, and Phoenix.In looking at the big Texas market, YardiMatrix noted rent growth increases inAustin and Houston, while Dallas and SanAntonio have "underperformed on rentgrowth."The burden of high interest rates,meanwhile, will "continue to influencestorage demand from home sales."The home sales trend, continues the report,will "impact self-storage transactionactivities well into the next year, despitesubstantial pools of dry powder waiting onthe sidelines."Whatever the latest rates, new self-storageconstruction remains strong, with a total of76.1 million square feet nationally nowbeing built. That construction rate growthranges from less than 1% in San Jose, to7.4% in Orlando.Phoenix saw a construction increase of4.5%, while Denver stood at 1.4%.43BUILTENVIRONMENTCopyright: Canva proFour years ago, the world was gripped by anunprecedented pandemic, halting businessoperations, stifling new ventures andsignificantly limiting in-person interactions.This period of upheaval forcedorganizations worldwide to swiftly pivot,reimagining their customer service in theabsence of face-to-face engagement.Continue reading >REDEFINING CUSTOMEREXPERIENCE IN THEPOST-PANDEMIC ERABy Scott Cannon, For Construction Pros07/02/2024Copyright: Canva proToday, contract labor managementstrategies are key for organizations lookingto address skill gaps and scale operations. Anew report explores the current state ofcontract labor usage and highlights the useof contract workers, reducing...Continue reading >OPTIMIZING CONTRACTLABOR MANAGEMENTAND REDUCING RISKSBy Staff, EHS Today07/02/2024
Dive Brief:Construction’s tale of two marketscontinued in May, as public projectsgarnered increased dollars while privatejobs struggled to find funding, accordingto an Associated Builders andContractors analysis of U.S. CensusBureau data. Overall, national nonresidentialspending was flat in May, ticking down0.1% to a seasonally adjustedannualized rate of $1.21 trillion. Butprivate nonresidential spending fellfurther, by 0.3%, as public projectsgained 0.4%. That momentum on thepublic side kept the broadernonresidential sector up for the yearwith a 6.2% gain. Continue reading >PUBLIC CONSTRUCTIONSPENDING ROARS,PRIVATE MARKETSWHIMPERBy Joe Bousquin, ConstructionDive07/02/2024Copyright: Canva pro44BUILTENVIRONMENTNational nonresidential constructionspending decreased 0.1% in May, accordingto an Associated Builders and Contractorsanalysis of data published today by the U.S.Census Bureau. On a seasonally adjustedannualized basis, nonresidential spendingtotaled $1.21 trillion.Continue reading >NONRESIDENTIALCONSTRUCTIONSPENDING SLIPS 0.1% INMAY BUT REMAINSELEVATEDBy Associated Builders and Contractors, Building Design + Construction07/01/2024A recent special report from a New MexicoDepartment of Workforce Solutionseconomist says the state's median wage lastyear was the eighth-lowest in the nation.Continue reading >REPORT: STATE MEDIANWAGE IN 2023 ONE OFLOWEST IN NATIONBy Matthew Narvaiz, Taos News07/19/2024Copyright: Canva pro
46FEATURED TOTAL ESTIMATED COSTS$129,497,505CONTRUCTION REPORTER PROJECTSSITE WORK /NON-BUILDINGSITE WORK /NON-BUILDINGVENDOR /PROFESSIONALSERVICESVENDOR /PROFESSIONALSERVICESPRE-BIDCONSTRUCTIONPRE-BIDCONSTRUCTIONLEARN MORE > LEARN MORE > LEARN MORE >BUILTENVIRONMENT
47VIEW >$7,275,283ESTIMATED COSTPROJECT INFOOWNER:City of Rio Rancho 3200 Civic Center Circle NERio Rancho NM 87144Bid Date/Time: 08/14/2024 - 02:00pm MSTAddenda Count: 0Memo Count: 0Phase: BiddingStage: ActiveStatus:New Project / First ReportProject Type: Site Work / Non-BuildingCategory: Wastewater TreatmentPublic Funding: YesBid Security: Bonds may be required.Pre-Bid Meeting07/16/2024 - 02:00 PM100 Industrial Park Loop NERio Rancho, NM 87124WASTEWATERTREATMENTPLANT 2HEADWORKSCONSTRUCTIONWASTEWATERTREATMENTPLANT 2HEADWORKSCONSTRUCTION(505) 891-5044BUILTENVIRONMENTARCHITECT:Stantec 6100 Seagull St NE Ste 102BAlbuquerque NM 87109(505) 275-0022ENGINEERBohannan Huston, Inc 425 S. Telshor Blvd Ste C-103Las Cruces NM 88011(575) 532-8670
48$122,222,222ESTIMATED COSTARCHITECTURE &ENGINEERING -EDDY COUNTYCOMPLEX -DETENTION CENTERARCHITECTURE &ENGINEERING -EDDY COUNTYCOMPLEX -DETENTION CENTERVIEW PROJECT >OWNER:Eddy County(575) 887-9511101 West Greene StreetCarlsbad NM 88220PROJECT INFO:Bid Date/Time: 07/11/2024 - 02:00pm MSTPhase: BiddingStage: ActiveProject Type: Vendor / Professional ServicesCategory: Federal / State / MunicipalPublic Funding: YesSCOPE:The project revolves around thereplacement of the Eddy CountyDetention Center. This project will entailthe design and/or constructionadministration of one or more newfacilities. The County has a previouslycompleted an appropriate programmingas well as a conceptual facility layout plan,that will be provided to the successfulproposer to continue the previousprogress of the County. The project isanticipated to serve the County with a 50-year design life, environmentallyresponsible design strategies maximizingoperations and maintenance budgets, andto provide flexibility to adapt to evolvingtechnology and work environments. Thedevelopment’s planned location would bethe County owned property at 1501Corrales Dr. Eddy County plans onawarding a General Contractor once theproject design has reached 30% completeutilizing a design/build bridging document.This will enable all project stakeholderstime to provide feedback during thedesign phase...BUILTENVIRONMENT
49FEATUREDPRE-BID PROJECTPreliminary work is proceeding on whatwill be a massive 3,100-acre rail spur andindustrial park site in the centralColorado city of Fountain.The Southern Colorado Rail Park, to bedeveloped by the Edward C. Levy...CONTINUE READING >SKETCH PLANAPPROVED IN ELPASO COUNTY,COLORADO FOR BIGRAIL SPUR PROJECTBy Garry Boulard, Construction Reporter 06/25/2024PROJECT INFORMATION:Stage: Conceptual / No DesignStatus: New Project / EditorialProject Type: New ConstructionCategory: Airports / Transportation / RailPublic Funding: YesVIEW >BUILTENVIRONMENT
51NEW MEXICOACTIVE PROJECTS525354ADDITIONS/ RENOVATIONS / UPGRADEDESIGN / BUILDDEMOLITION / ABATEMENT55MATERIAL / EQUIP / SERVICE /INSTALLBUILTENVIRONMENT
52ADDITIONS/RENOVATIONS /UPGRADEBUILTENVIRONMENTCITYWIDE FIRE ALARMSYSTEM UPGRADEVIEW PROJECT >NMSU-4743O'DONNELL HALLEXPANSION ANDHSS OPERATINGROOM SIMULATIONLABSCOPE OF WORK: The entire project, including theO'Donnell HallExpansion/renovations, willinclude Site grading, concretework, structural, HVAC,electrical, plumbing,landscaping, andCommunications technology,casework and furniture. HSSrenovation will includestructural, electrical, HVAC,communications technology,casework and furniture.VIEW PROJECT >SENMC-LIBRARY FAMILY STUDY ROOMSCOPE OF WORK: The project scope of work consists of the addition of a new 400sfFamily Room within the SENMC Library to include the followingnew items: light and plumbing fixtures, flooring, wall tile/paint,aluminum store front windows with door, ceiling, metal letters.Additionally, the new family room will improve the space for theanchor tenant to include restrooms, and an area for a fullyfunctional family room. The rest of the spaces are to remain toinclude all associated pluming, mechanical, and electrical systems.VIEW PROJECT >SCOPE OF WORK: Proposers will provide solutions for the replacementof the fire alarm panel, updated programming, and allfire alarm devices including; smoke, heat, ductdetectors, horns, strobes, manual pull stations,modules, annunciator, booster, all associated panels...
53DESIGN / BUILDRFP DESIGN BUILD EXPANSION OFEXISTING KITCHEN FACILITIESVIEW PROJECT >SCOPE OF WORK: Professional services (geotechnical, civil, structural, mechanical, electrical, plumbing, HVAC andarchitectural), general demolition and construction, interior and exterior alterations, mechanical,plumbing, and electrical work (additions and modifications), utility systems and necessary removal ofportions of existing structures as well as a new addition beyond the existing building footprintBUILTENVIRONMENT
54DEMOLITION /ABATEMENTDESERT SUNDEMOLITIONVIEW PROJECT >AS-NEEDED NUISANCEABATEMENT SERVICESSCOPE OF WORK: The City of Brighton seeks the proposal ofqualified firms to provide as-needed municipalcode violation abatement services. Types ofservices may include, but not be limited to: Weed mitigation / mowingBrush trimming and removal from the propertyTrash, junk, debris, and litter removalFence repair and/or removalTire removal (with or without rims)Furniture / appliance removalTree and stump removal, branch trimmingSidewalk repairPest and rodent mitigation / exterminationHazardous waste / material cleanupDisabled and junk vehicle removal (to include cars,trucks, campers, RVs, and boats)VIEW PROJECT >SCOPE OF WORK: The project involves the demolition of a partiallyburnt building within the Desert Sun Apartmentscomplex located at 10406 Rushing Rd, El Paso, Texas79924, that will include removal of debris, cleanup ofthe site, and ensuring safety and minimal disturbanceto surrounding tenants. Estimated execution time isno more than 30 natural daysBUILTENVIRONMENT
55MATERIAL /EQUIP / SERVICE /INSTALLNEW SUNSHINESUBSTATION POWERTRANSFORMERVIEW PROJECT >TREETRIMMING/LINECLEARANCESERVICESSCOPE OF WORK: Contractor shall providecompetent and qualified treetrimming personnel, supervision,transportation, materials, toolsand equipment to perform treetrimming, topping, removal oftrees and stumps interferingwith Farmington Electric UtilitySystem (FEUS) power lines. Tocut and/or chemically...VIEW PROJECT >JICARILLA SERVICEUNIT LAMINATEFLOORINGSERVICESSCOPE OF WORK: The following sections include ageneral description of the work,but are not limited to thisdescription. The Contractormust fully inform itself as to allexisting conditions andlimitations for the Project. TheContractor shall furnish thenecessary personnel, materials,services, and all otherappurtenances necessary toperform the work as set forthherein...VIEW PROJECT >SECURITY AND FIREALARM SYSTEMSSCOPE OF WORK: The initial scope of workincludes, but is not limited to,the installation, monitoring, andmaintenance of the BuildingSecurity Systems and the FireAlarm Systems throughout theDistrict.VIEW PROJECT >SCOPE OF WORK: The City of Gallup, NM is seeking to purchase a PowerTransformer for the New Sunshine Substationproject...BUILTENVIRONMENT
56NEW MEXICOPOST-BID PROJECTSBUILTENVIRONMENT5758ADDITIONS / RENOVATIONS /UPGRADEDEMOLITION / ABATEMENT59SITE WORK / NON-BUILDING
57ADDITIONS /RENOVATIONS /UPGRADEBUILTENVIRONMENTFIRE STATION 22 RENOVATIONSVIEW PROJECT >CONTRACT AWARDS: 1 Low | $2,612,471.002 Low | $2,268,000.003 Low | $2,942,900.00*Sign up for Construction Reporter to view award details
58DEMOLITION /ABATEMENTBUILTENVIRONMENTDEMOLITION OF SINGLE-FAMILYDWELLING STRUCTURE: 109 E. HILLAVE.VIEW PROJECT >CONTRACT AWARDS: 1 Low | $33,453.002 Low | $59,888.00*Sign up for Construction Reporter to view award details
59SITE WORK /NON-BUILDINGBUILTENVIRONMENTMAPLE STREET SIDEWALKEXTENSIONVIEW PROJECT >CONTRACT AWARDS: 1 Low | $549,411.00*Sign up for Construction Reporter to view award details
60COMMERCIAL LIENSBERNALILLO COUNTYDOCUMENTNUMBERLIENRECORDEDDATEGRANTORGRANTEE2024043794Subdivision ALTAMONT Lot 10 Block 2506/27/202404:29:52 PMLOPEZ LETICIA QUINLAN MARIELENA CAVALRY CONST CO LLC AMERICAN RESTORATIONWATER & FIRE2024043712Subdivision PARK SQUARE TractA2A1A 06/27/202402:42:03 PMNEW OMNI HOSPITALITYLLC KASSAM CONSTL&W SUPPLY CORP 2024043698Section: 25 Township: 10N Range: 4E PORT06/27/202402:27:12 PMWADE DANIEL WADE DAINA JC ANDERSON CONST ZZ CONST 2024043158Subdivision SUNRISE Lot 35 06/26/202409:10:48 AMCHAVARRIA CARLOS E SANCHEZ GABRIELA COYOTE GRAVEL PRODUCTS INC2024042790Subdivision JOURNAL CTR Tract4AA3A2B06/24/202404:13:43 PMMAGUIRE ROBINAMERICAN SERVICE IND LLC2024042565n/a06/24/202411:01:15 AMFLATIRON NM LLC HYIF SAN MATEO LLCECBC LLC2024042441Subdivision LA MESA MEDICAL CTRTract B2B 06/24/202408:46:10 AMARHC WMABQNMO1 LLC WOODMARK UPTOWN CONWAY ELECBUILTENVIRONMENT
REAL ESTATEWALGREENS ANNOUNCESSTORE CLOSURES IN EVERYREGION OF THE COUNTRYREAL ESTATESLOW DOWNEL PASO REAL ESTATE MARKET,SHOWING SOME SIGNS OFCOOLING, IS NEVERTHELESSVIBRANT, SAYS NEW REPORT >BRUTALIST STYLEDENVER 1960S BRUTALISTSTYLE STRUCTURE HITS THEMARKET FOR $6.5 MILLION >FINANCIALFUTUREEVEN THOSE WITH HEALTHYINCOMES ARE WORRIEDABOUT THEIR FINANCIALFUTURE, SAYS NEW SURVEY >BUILTENVIRONMENT
62AFFILIATESFEATURED COMPANY63808182PROPERTIES FOR SALELAND FOR SALEREAL ESTATE TRANSACTIONS 83NEW MEXICO NEWS69KIDSSTRONG EXPANDS TOALBUQUERQUE'S NORTHEAST HEIGHTS >69SOUTHERN NM WATER UTILITY RATEINCREASE GOES INTO EFFECT TODAY >69HISTORIC BUILDING SECURED AS HOMEOF MAGDALENA CO-OP >70MAUPIN: SANTA FE ASSOCIATION OFREALTORS® TO COMPLY WITHNATIONAL CLASS-ACTION LAWSUITSETTLEMENT >70SOUTHWEST NEWS73EL PASO REAL ESTATE MARKET,SHOWING SOME SIGNS OF COOLING,IS NEVERTHELESS VIBRANT, SAYS NEWREPORT >73DENVER 1960S BRUTALIST STYLESTRUCTURE HITS THE MARKET FOR$6.5 MILLION >74PHOENIX METRO RANKS IN TOP 20 INUS FOR LOCATION OF 'PRIME' OFFICEBUILDINGS, CBRE SAYS >76NATIONAL NEWS77WALGREENS ANNOUNCES STORECLOSURES IN EVERY REGION OF THECOUNTRY >77EVEN THOSE WITH HEALTHY INCOMESARE WORRIED ABOUT THEIR FINANCIALFUTURE, SAYS NEW SURVEY >78CRE EXPECTATIONS MIXED FOR COSTOF CAPITAL, DEALMAKING IN SECONDHALF OF 2024 >79REAL ESTATE HOMEPAGE73BUILTENVIRONMENTLOS ALAMOS COUNTY CODECOMPLIANCE REMINDS RESIDENTS OFREPORTING PROCESS >70EXXONMOBIL DONATES TO FIRE RELIEFEFFORTS >71
REAL ESTATE AFFILIATES63BUILTENVIRONMENT
64USING SOCIALMEDIA TO BUILDRELATIONSHIPSAND MARKETPRESENCE IN THEDIGITAL AGEIndustry conferences offer attendees a uniqueopportunity to network with colleagues fromacross the globe, share insights and strategiesfor success, discover the latest trends andtechnologies, exchange network and conductbusiness, and develop lifelong friendships.However, while in-person connections areirreplaceable in this relationship-focusedbusiness, a digital presence is fast becomingan integral element of any long-term strategyfor success.CONTINUE READING >SIOR EVENTCALENDARAUGUST 2024THURSDAY AUGUST 22ND2:00 PM - 2:45 PM (ET): MASTERMIND SESSION: MASTERINGYOUR PITCH - CLICK HERECopyright: Canva ProBUILTENVIRONMENT
66NARCOMMERCIALREAL ESTATEMETRO MARKETREPORT |2024.Q1ALBUQUERQUE,NMView the Q1 2024 NAR Albuquerque, NMCommercial Real Estate Metro Market Report.Highlights include: Demand for office space is stronger thannationwide as this area has a fasterabsorption of office space. As a result, rentprices rose faster than nationwide andvacancy rate is lower in this areaDemand for industrial space is weaker thannationwide as this area has a slowerabsorption of industrial space. As a result,rents rose slower than nationwide.However, vacancy rate is lower in this area.CONTINUE READING >Copyright: Canva ProBUILTENVIRONMENT
67EXAMININGMANUFACTURING’SIMPACT INU.S./MEXICOINDUSTRIALMARKETSNAIOP Research Foundation Governors,Visionaries and Distinguished Fellows metthis spring in Minneapolis to discussnearshoring/reshoring and possible researchtopics for future exploration. A paneldiscussion moderated by Garry Weiss, vicepresident and national director of businessdevelopment and strategic initiatives,ARCO/Murray, examined how a rapidexpansion in manufacturing capacity isaffecting industrial real estate markets in theU.S. and Mexico.Lisa DeNight, managing director, nationalindustrial research, Newmark, sharedfindings from Forging the Future:Manufacturing Growth and Its Effects onNorth American Industrial Markets, a reportshe coauthored for the Foundation, on thescope and scale of recent manufacturingannouncements in the U.S. Newmark hasidentified around 300 individual facilityannouncements that each exceed $100million in construction value. Cumulatively,these projects represent over $400 billion indirect investment, will create 250 millionsquare feet of manufacturing space, and willdirectly employ 210,000 workers oncecompleted. Most of these projects are insecondary and tertiary markets, where theyare expected to generate additional demand...CONTINUE READING >Copyright: Canva ProBUILTENVIRONMENTNAIOP EVENTCALENDARJULY - AUGUST 2024TUESDAY JULY 23RD11:30 AM - 1:30 PM: JULY 23RD – FROM OLD TO GOLD: ADAPTIVEREUSE, CONVERSION, & REDEVELOPMENT - CLICK HERETHURSDAY JULY 25TH5:30 PM - 7:30 PM: DEVELOPING LEADERS HAPPY HOUR – STILLSPIRITS - CLICK HERETHURSDAY AUGUST 1ST7:30 AM - 9:00 AM: RRRT – SPEED NETWORKING - CLICK HERE
68BUILTENVIRONMENTSBA EVENT CALENDARJULY 2024THURSDAY JULY 21TH12:00 PM - 1:00 PM: MONTHLY WOMEN IN BUSINESS WBCSERIES: SBA ASCENT & ONLINE RESOURCES - CLICK HERESBA ANNOUNCES NEWSOLICITATION TOEXPAND FUNDING FORREGIONAL INNOVATIONCLUSTER NETWORKWASHINGTON– Today, Administrator IsabelCasillas Guzman, head of the U.S. Small BusinessAdministration (SBA) and the voice in PresidentBiden’s Cabinet for America’s more than 33 millionsmall businesses, announced a new fundingsolicitation for the SBA’s Regional InnovationCluster (RIC) Initiative that will make awards forthe first time at two funding levels: emerging andmature clusters. The RIC solicitation will open onJuly 1, 2024, and will close on July 26 at 1:00 PM ET.“President Biden is delivering historic Investmentsin America that continue to strengthen innovation,supply chains, and new industries, as well as sparka small business boom with 18 million newbusiness applications filed,” said AdministratorGuzman. “The SBA’s Regional Innovation ClusterInitiative provides communities with funding tospur further development of industry-focusedentrepreneurship ecosystems that support smallbusinesses developing and commercializingcritical technologies in key areas, such asdeveloping safe, secure, and trustworthy AI...CONTINUE READING >Copyright: Canva Pro
A science-based children's developmentprogram is opening a second location inAlbuquerque after the successful launch ofits first center on Coors Boulevard inOctober 2023. Continue reading >KIDSSTRONG EXPANDSTO ALBUQUERQUE'SNORTHEAST HEIGHTSBy Aayush Gupta, Albuquerque Business First 06/28/2024Copyright: Canva proWater and sewage minimum rates at theCamino Real Regional Utility Authority willincrease by at least $9 for residents, after arate increase approved in 2019 was neverput into place under the formermanagement, utility officials said. Continue reading >69BUILTENVIRONMENTREAL ESTATE NEWSNEW MEXICOSOUTHERN NM WATERUTILITY RATE INCREASEGOES INTO EFFECTTODAYBy Danielle Prokop, Source NM06/28/2024Copyright: Canva pro
The historic building that once housed theSalome General store, which suppliedranchers and miners with a variety of goodsat the turn of the century in Magdalena, isbeing brought back to life.Continue reading >HISTORIC BUILDINGSECURED AS HOME OFMAGDALENA CO-OPBy Jessica Carranza Pino, El Defensor Chieftain06/29/2024Copyright: Canva pro70BUILTENVIRONMENTGreetings, Los Alamos!I wanted to get the word out to ourcommunity that we’re about to enter a newera of real estate and to help you preparefor some big changes on the horizon.Continue reading MAUPIN: SANTA FEASSOCIATION OFREALTORS® TO COMPLYWITH NATIONALCLASS-ACTIONLAWSUIT SETTLEMENTBy Ryan Maupin, Los Alamos Daily Post07/02/2024Los Alamos County Code Compliancereminds residents of their reporting processwith the summer season and upcomingFourth of July celebrations. The CodeCompliance team enforces the BuildingCode (Chapter 10), Development Code(Chapter 16), and Nuisance Code (Chapter18), except where designated to the CountyEngineer or another official.Continue reading >LOS ALAMOS COUNTYCODE COMPLIANCEREMINDS RESIDENTS OFREPORTING PROCESSBy Carol A. Clark, Los Alamos Daily Post07/02/2024Copyright: Canva pro
The village of Santa Clara will soon have anew view of its downtown with theinstallation of two security camerasoverlooking Fort Bayard Street. Continue reading >SANTA CLARA TO ADDTWO MOREDOWNTOWN CAMERASBy Juno Ogle, Silver City Press07/01/2024Copyright: Canva proExxonMobil gave $100,000 for fire reliefefforts in southern New Mexico.Continue reading >71BUILTENVIRONMENTJul. 2—New Mexicans impacted by therecent South Fork and Salt fires will soonhave access to relief funds thanks to anational real estate foundation's award.The New Mexico Association of Realtors onTuesday said it has received a $500,000grant from the Realtors Relief Foundation —which helps people affected by natural...Continue reading >REALTORS GROUP TOGIVE $500,000 TORUIDOSO-AREA FIREVICTIMSBy Matthew Narvaiz, The Santa Fe New Mexican07/02/2024EXXONMOBIL DONATESTO FIRE RELIEF EFFORTSBy Ryan Boetel, Albuquerque Journal 07/02/2024Copyright: Canva proNick Ferenchak isn’t just an assistantprofessor in the Gerald May Department ofCivil, Construction & EnvironmentalEngineering at The University of NewMexico, he’s also the president of Not-A-Loud, a local company creating noisecameras.Continue reading >UNM PROFESSORCREATES TECHNOLOGYTO TRACK LOUDVEHICLESBy Alexa Skonieski, UNM Newsroom07/28/2024Copyright: Canva pro
City leaders celebrated the indoor andoutdoor expansion of the WestgateCommunity Center on Thursday.Continue reading >COMMUNITY CENTEREXPANSION INSOUTHWEST ABQMAKES A SPLASHBy Staff, City Desk ABQ06/27/2024Copyright: Canva pro72BUILTENVIRONMENTMany businesses in the city of Las Vegashave reopened their doors after the cityscaled back its water conservation efforts.Despite reopening, many of them are stillbeing forced to deal with financial burdens.Continue reading >LOCAL BUSINESSESIMPACTED BY LASVEGAS WATER CRISISBy Corey Howard, KOAT07/01/2024Heading through eastern New Mexico,dairy cattle can be seen in farms beside thehighway while flashing lights illuminate thewind farms at night. Large sprinklersirrigate the crop circles where, in the spring,the endangered lesser prairie chickens mayventure out of the brush onto the fields todance while keeping a close eye on the skyfor the hawks that hunt overhead. Continue reading >SEARCHING FORSOLUTIONS: IN NEWMEXICO, RESEARCHERSSEEK TO MAKEBRACKISH WATER AVIABLE SUPPLYBy Hannah Grover, New Mexico Political Report 07/01/2024Copyright: Canva proLAS VEGAS, N.M. (KRQE) – Businesses inLas Vegas are finally opening up again afterwater restrictions forced closures acrossthe city.Continue reading >WATER RESERVEDOUBLES,RESTAURANTS OPENBACK UP IN LAS VEGASBy Bela Olaque, KRQE News07/02/2024
73BUILTENVIRONMENTREAL ESTATE NEWSSOUTHWESTEL PASO REAL ESTATEMARKET, SHOWINGSOME SIGNS OFCOOLING, ISNEVERTHELESSVIBRANT, SAYS NEWREPORTBy Garry Boulard, The Built Environment 07/03/2024Copyright: Canva proEl Paso real estate trends are pointing tocontinued growth for the duration of 2024in a city where the average price of a homeis now at $296,000In a new report, Norada Real EstateInvestments, which is based in LagunaNiguel, California, notes that El Pasoremains a city of great real estate diversity:the average price in the Mountain Viewneighborhood on the north side of the city is$162,500; while prices appear to top out inthe fast-growing Valley Creek South at$670,000 to the west of the city.Overall, in the same decade of a populationincrease from just under 650,000 to morethan 690,000 today, the city's real estateappreciation has gone up by 76.5%. Thisfigure represents a healthy annual increaseof 5.8%. Continues >
74BUILTENVIRONMENTThings also have a way of moving quickly inEl Paso's real estate market: the mediantime for any home to be on the market thisspring stood at 53 days. Says the El PasoMarket Report: this suggests there is "activebuyer interest, but sellers may need to bemore competitive with pricing."There are currently more than 4,100 homesfor sale in El Paso, a number that "providesbuyers with a good selection of options anda chance to find the property that meetstheir needs."Even more, a "steady stream of new listingskeeps the market fresh and prevents asituation where bidding wars become thenorm."Looking ahead, the Norada report sees asustainable home value growth this summerof some 0.7%. That figure is expected toincrease to 0.8% by next spring.The city's steady real estate growth comesas the Federal Reserve Bank of Dallas hasissued a new survey showing a 1.3% gain inEl Paso's labor market this spring, with thefinancial services, government, andconstruction sectors seeing the greatestincreases. Copyright: Canva proDENVER 1960SBRUTALIST STYLESTRUCTURE HITS THEMARKET FOR $6.5MILLIONBy Garry Boulard, The Built Environment 07/03/2024Image capture: May 2024 ©2024 GoogleLocated at 1500 N. Grant Street indowntown Denver, a four-story buildingthat for decades was the home to theColorado Education Association is now onthe market with a competitive asking priceof $6.5 million.The structure measures around 41,100square feet and is a prominent local exampleof the Brutalist architecture movement,which was particularly on display across theU.S. in the 1960s and 70s.Like virtually all Brutalist buildings, theGrant structure has its fans and detractors,and according to the Denver Gazette, wasearlier at risk of demolition.Continues >
75BUILTENVIRONMENTBuilt in 1964, the structure located across the street from the Colorado State Capitol, wasearlier put up for sale at a listed price of $6.9 million. The building was originally the home ofthe Silver State Savings and Loan Association.Designated as a Class B structure, the building whose floor sizes measure around 11,100square feet, underwent some renovation in 1995.Described by the newspaper Westword as "sublimely elegant," the publication also hailed its"vertically-oriented sunscreen aggregate grills mounted over the windows on the second andthird floors, and the notched-back corners of the building itself."The structure is being listed with the Denver-based Benchmark Commercial Real Estate.Architectural historians note that the 1500 N. Grant Street building is one of a handful ofremaining Brutalist structures in the city, perhaps the most prominent of which is the MileHigh Center at 1700 Broadway designed by the internationally-famous architect I.M. Pei.Image capture: May 2024 ©2024 Google
76BUILTENVIRONMENTThe combination will likely vault thecompany into the Fortune 1000.Continue reading >SIX FLAGS,SCHLITTERBAHNPARENT CEDAR FAIRCOMPLETE MERGERBy Jennifer Thomas, Dallas Business First 07/02/2024Copyright: Canva proApartment building originally built to becondos sold to a buyer in San Francisco.Continue reading >CHERRY CREEKAPARTMENT BUILDINGTRADES HANDS FOR$23MBy Cassidy Ritter, Denver Business First 07/02/2024The 17.5% vacancy rate at the primebuildings mentioned in the report could geteven lower as tenants lease up that spacewith fewer new office buildings beingdeveloped to replenish that supply.Continue reading > PHOENIX METRO RANKSIN TOP 20 IN US FORLOCATION OF 'PRIME'OFFICE BUILDINGS,CBRE SAYSBy Ron Davis, Phoenix Business First 07/02/2024Copyright: Canva pro
77BUILTENVIRONMENTREAL ESTATE NEWSNATIONALA series of Walgreen stores arenow set to be closed in Boulder,Denver, and Longmont, Colorado,as well as Albuquerque and LosLunas in New Mexico.The Deerfield, Illinois chain, withmore than 8,700 stores, hasannounced that it is closing nearlyone hundred of its locations in allregions of the country as part of anew strategy to increase revenue.WALGREENSANNOUNCESSTORE CLOSURESIN EVERY REGIONOF THE COUNTRYBy Garry Boulard, Construction Reporter 07/02/2024Copyright: Canva proIn announcing the store closings, Tim Wentworth,Walgreen chief executive officer, remarked: “Wecontinue to face a difficult operating environment,including persistent pressures on the U.S. consumerand the impact of recent marketplace dynamics whichhave eroded pharmacy margins.”In an interview with the Wall Street Journal,Wentworth added: “Our results and outlook reflectthese headwinds.”Launched in Chicago in 1901 as a neighborhoodgrocery store, Walgreens saw rapid growth during the1930s and 40s because of its drugstore service andfamous soda fountain malted milks.By 1984 Walgreens had opened more than 1,000stores, a rate of growth that quickly accelerated in thedecades to come, with the year 2003 seeing the chainhitting the 4,000-store mark and more than doublingthat figure in the following decade.The rapid growth, according to some industryanalysts, may have left Walgreens overextended. Inannouncing the store closings, a focus on locationsthat are considered to be underperforming is implied.Stores that are located too closely together areparticularly targeted for closure. Another half dozenWalgreens on the West coast, where theft hasbecome an increasing problem, are also soon to behistory.According to a company statement sent to USAToday, Walgreens said that about “25% of its storesare not contributing to the chain’s long-termstrategy.”
78BUILTENVIRONMENTWhile polls have repeatedly showed middle-and lower-income Americans concerned abouttheir financial futures, a new survey indicatesthat even those making a lot of money areanxious.According to a just-released survey by theFederal Reserve Bank of Philadelphia, nearly athird of respondents earning between$100,000 and $149,000 said, in thinking aboutthe economy for the rest of the year, that theywere very concerned about "making endsmeet."That figure is up from just over 21% whoexpressed similar concerns earlier this year.An equally strong 32.5% of those making morethan $150,000 annually also voiced concernsabout their financial security. In 2023, only21.7% in this category expressed worries.The Federal Reserve Bank of Philadelphia'sLabor, Income, Finances, and Expectationssurvey additionally showed, perhaps ironically,that among the various income levels, "most ofthe increase in concern about making endsmeet came among those who can currently payall of their bills."Among all respondents to what is known as theLIFE survey, respondents since early 2023have remained "generally optimistic abouttheir income prospects, with net positivevalues in all demographic segments," noted anarrative accompanying the survey.EVEN THOSE WITHHEALTHY INCOMES AREWORRIED ABOUT THEIRFINANCIAL FUTURE,SAYS NEW SURVEYBy Garry Boulard, Construction Reporter 06/28/2024But optimism appeared an elusive thing inthe most recent LIFE survey, with thelargest decline in good feelings seenamong those who are "older, lower-earning, female, or non-White."What is described as an "observabledecrease in optimism" appears to belargely driven by a decline in thepercentage of people "expecting higherincomes," along with a rise in thoseanticipating a decrease in wages.Meanwhile, the percentage ofrespondents who expected their incomesto remain the same from year to year hasbeen static, with 41% earlier this year and41% this spring counted in that group.Finally, in asking about the type andnature of financial disruptionschallenging the respondents, just under22% pointed to nonmedical expenses,followed by 16.7% who blamed housingcosts increases; and 13.1% whoreferenced what they listed as"significant healthcare expenses."The LIFE survey is put together by theFederal Reserve's Finance Institute, withthe stated goal of obtaining insights that"contribute to a healthy consumer sector,a stable financial system, and a resilientregional and national economy."Copyright: Canva pro
79BUILTENVIRONMENTThe final day of the 2024 ULI Asia Pacificsummit in Tokyo featured a capital marketspanel with leaders from both European andNorth American funds, who shared theirinsights into the region’s real estate markets—and how those markets stack up againsttheir global counterparts.Continue reading >ASIA PACIFIC LENDERSSEE POCKETS OFOPPORTUNITYBy Colin Galloway, Urban Land07/01/2024Copyright: Canva proLAGUNA BEACH, Calif. - June 25, 2024 -PRLog -- Real estate investment firm DorninInvestment Group ("DIG") acquired anapproximate $60M non-performing loan("NPL") off-market at Par UPB. The loan issecured by a roughly 250,000-square-footContinue reading >DORNIN INVESTMENTGROUP ACQUIRES $60MILLION NON-PERFORMING LOANBy Dormin Group, PRLOG06/25/2024The outlook among commercial real estateindustry players remains mixed as 2024officially hits its midway point. Continue reading >CRE EXPECTATIONSMIXED FOR COST OFCAPITAL, DEALMAKINGIN SECOND HALF OF2024By Ashley Fahey, Albuquerque Business First 07/01/2024A new Miami residential condo office towersweetens the deal for buyers by providingan individual, deeded and furnished officewith each condo unit purchased. OneTwenty Brickell Residences, a 34-story,240-unit tower, also offers more than60,000 sf of exclusive residential amenities.Continue reading >MIAMI RESIDENTIALCONDO TOWERPROVIDES A DEEDEDOFFICE UNIT FOR EVERYBUYERBy Peter Fabris, Building Design + Construction 07/02/2024Copyright: Canva pro
COMMERCIALPROPERTY FOR SALENEW MEXICOAlbuquerque Las CrucesRio RanchoSanta FeRoswellFarmingtonClovisCarlsbadHobbsAlamogordoCITY LEGEND81BUILTENVIRONMENTPROPERTYFOR SALEOFFEREDPRICEBUILDINGSIZEVIEW DEALDESCRIPTION1920 Columbia Dr SEThis versatile two-tenant warehouse, featuring a total of 17,797 SF,offers a unique investment or owner user opportunity. Suite A isavailable immediately. Suite B is occupied till 8/29/24. The propertyboasts concrete tilt-up construction, comprehensive fire sprinklersystems, and a fully gated and paved yard. Ideal for various...$2,669,550CLICK HERE17,797 SFDESCRIPTION1510-1512 1st St NWPersonal Guarantee (Leasee), Corporate Guarantee(Subleasee), Master Growers Group, LLC Tenant responsible for interior repairs including HVAC andelectrical components...CLICK HERE33,345 SFREAL ESTATEPHOTODESCRIPTION3215 N Enterprise Dr$42,850CLICK HERE 42,850$4,007,277For Sale42,850 +/- SF Industrial Flex on 15.00 +/- ACBuilding Includes a 2-Story 9,800 +/- SF Office & 33,050 +/- SF ofIndustrial SpaceParcel is Partially Stabilized & Fully SecureBuilt in 2008...Image capture: Jan 2022 ©2024 GoogleImage capture: Mar 2022 ©2024 GoogleImage capture: Aug 2023 ©2024 Google
COMMERCIALLAND FOR SALENEW MEXICOAlbuquerque Las CrucesRio RanchoSanta FeRoswellFarmingtonClovisCarlsbadHobbsAlamogordoCITY LEGEND82BUILTENVIRONMENTPROPERTYFOR SALEOFFEREDPRICETOTAL LOT SIZEVIEW DEALDESCRIPTIONCamino La TierraRare development offering in a premier neighborhoodSome of the last developable land near Las CampanasLess than 6 miles from Santa Fe Plaza$6,950,000CLICK HERE304 AcresREAL ESTATEPHOTOCopyright: Canva pro
*click document number than click public login to view transaction. 83COMMERCIALREAL ESTATE TRANSACTIONS BERNALILLO COUNTYTRANSACTIONNUMBERSUBDIVISIONRECORDEDDATEOWNERBUYER2024044192Subdivision GLENWOOD HILLS 3 Lot 1 Block 15 06/28/202403:44:54 PM13226 SUNSET CANYONLLCVEGA NILSON PROP LLC2024043524Tract 143A1 MRGCD MAP 27 06/27/202408:15:54 AMVILLALOBOS KAREN BBACARAYITO DE SOL LEARNINGLLC2024043350Subdivision COUNTRY CLUB Lot XBlock 12 06/26/202411:33:24 AMDAVIDSON VALERIE E PR LEE BARBARA EST TRYPAK BARBARA ANN ESTINDIGO RIDGE CONST INC BUILTENVIRONMENT
SPACE INDUSTRYSTARLINER STRUGGLESSPACE FORCE& SPACEXSPACE FORCE WORKING WITHSPACEX TO CLOSELY WATCHFALLING STARLINKS >LAUNCHCONCERNSULA OWNERS ADD ‘REVIEWTEAM’ AFTER PENTAGON AIRSCONCERNS ABOUT LAUNCHSCHEDULE >BUILTENVIRONMENT
85FEATURED COMPANY8788AFFILIATESSPACE INDUSTRY NEWS86STARLINER STRUGGLES >86ULA OWNERS ADD ‘REVIEWTEAM’ AFTER PENTAGON AIRSCONCERNS ABOUT LAUNCHSCHEDULE >86SPACE FORCE WORKING WITHSPACEX TO CLOSELY WATCHFALLING STARLINKS >86SPACE HOMEPAGE868686BUILTENVIRONMENT
If you have to repeatedly state that theastronauts you launched to theInternational Space Station are not“stranded” there, then maybe you have aproblem with either your spacecraft or yourcommunications strategy. Or both.Continue reading >STARLINER STRUGGLESBy Jeff Foust, The Space Review07/01/2024As the Pentagon wonders whether UnitedLaunch Alliance will keep its launchschedule, co-owners Lockheed Martin andBoeing have formed an “independent reviewteam” to help keep things on track.Continue reading >86SPACE NEWSBUILTENVIRONMENTULA OWNERS ADD‘REVIEW TEAM’ AFTERPENTAGON AIRSCONCERNS ABOUTLAUNCH SCHEDULEBy Audrey Decker, Defense One06/26/2024Copyright: Canva proWASHINGTON — The Space Force now iscollaborating directly with SpaceX to closelymonitor the company’s thousands ofStarlink satellites as they lower their orbitsand subsequently reenter the Earth’s...Continue reading >SPACE FORCEWORKING WITHSPACEX TO CLOSELYWATCH FALLINGSTARLINKSBy Theressa Hitchens, Breaking Defense 06/28/2024Copyright: Canva proCopyright: Canva pro
88BUILTENVIRONMENTNEWSPACEALLIANCEJoin hundreds of organizations in the national NewSpaceAlliance! Build your knowledge and strengthen yournetwork by participating in ongoing opportunities tolearn, share and engage with space professionals acrossindustry, government and academia. Free to join,NewSpace Alliance members can attend monthly techtalks, industry webinars, networking events, industryforums and our nationally-recognized State of the SpaceIndustrial Base conference. Membership is free.Continue reading >NEWSPACEIGNITORGROW FASTER FROM CONCEPT TO PRODUCT TOSALESContinue reading >CO-INNOVATIONWORKSPACESENewSpace Co-Innovation, or collaborative innovation, iswhen newspace stakeholders work together to discovernew partnerships, explore new approaches, solveproblems, and accelerate growth.Continue reading >PATHWAYS TOTHE STARSACCESS TO WORKFORCE WILL BECOMEEASIER WITH A LARGER, MORE DIVERSESPACE-READY TALENT POOL.Coming next year!Pathways to the Stars will grow the spaceindustry talent pipeline with programming,mentoring, experiential learning and careerconnection services spanning K-12 to earlycareer, with industry involvement and specialattention given to reaching minority populations.Multiple educational partners will providelearning and curriculum, and connection serviceswill connect students to jobs and careers. Weinvite you to participate and inspire students tobecome part of the space workforce of thefuture!Continue reading >ABOUT USWHO WE ARE & WHATWE DOFounded October 2019, NewSpace Nexus is a501(c)(3) non-profit accelerating the pace ofspace innovation by uniting and igniting theindustry. Through the NewSpace Launchpad, afirst-of-its-kind co-innovation hub, stakeholdersgain access to workspaces, equipment,programming, rapid prototyping anddemonstration, and resources needed forinnovation and rapid progress. Services includeaccess to space ecosystem knowledge, publicevents, and networking; navigation services thatprovide tailored guidance and direct assistanceto fast-track business growth; and collaborativeinnovation services...Continue reading >
00QUICK NEWS LINKS89CONSTRUCTION28New Mexico November Ballot to Include $230.2Million Bond Issue for School FacilityImprovements >NEW MEXICOFunding from Washington Secured for PopularTaos Recreation Park >New Mexico looking for input on Paseo delVolcan road project >Netflix Unveils Expanded Albuquerque StudiosFacilities Spanning More Than 100 Acres in theNew Mexico Desert >Floodwaters damage homes in Albuquerque >Following Sackett, questions remain aboutwhat waters are protected >What projects will county residents vote onthis November? >Santa Fe National Forest Recreation Site FeesTo Increase >QuikTrip continues pursuit of gas station,convenience store approvals >Public will get another 60 days to commenton Bishop's Lodge wastewater permit >Funding Process Underway for Construction ofbig El Paso Amphitheater >SOUTHWESTPlans Advancing for ASM International's NewArizona Facility >ENR 2024 Water Report: Managers Look toPotable Water Reuse >Final Phase of Broadway Street Project toTransform Vital Traffic Corridor in San Antonio >Colorado DOT Provides Safety Boost for CO 115with $40M Highway Improvement Project >Work Scheduled for New Phase of El Paso'sPopular Beast Urban Park >Historic Store in the Oldest Colorado Town GetsFunding for Facility Expansion Plans >LG pauses construction on part of $5.5B Arizonabattery plant >New and Long-Planned Transit DevelopmentSlates for Denver's Five Points Neighborhood >BUILTENVIRONMENTVillage of Taos Ski Valley props up utility fundagain >Amazon fulfillment center to open in July >30Federal Funding Announced For 236 AirportImprovement Projects Nationally >NATIONALLegalizing More Housing Construction with Stateand Local Innovations >‘All-Electric Buildings’ law part of NY buildingcode update >Real Truck Expands Stark County, Ohio,Operations >$2 billion Baltimore bridge rebuild is test case fornew national debate over infrastructurespending >$1.8B in Infrastructure Grants Announced AcrossU.S. >Biden administration announces new rule toprotect workers from heat-related illnesses >
0090BUILTENVIRONMENTCONSTRUCTION42Self-Storage Rental Rates Down, ConstructionStill Up, New Industry Report Notes >TRENDSRedefining Customer Experience in the Post-Pandemic Era >Optimizing Contract Labor Management andReducing Risks >Nonresidential construction spending slips 0.1%in May but remains elevated >Public construction spending roars, privatemarkets whimper >Report: State median wage in 2023 one oflowest in nation >REAL ESTATE69Southern NM water utility rate increase goesinto effect today >NEW MEXICOKidsStrong expands to Albuquerque'sNortheast Heights >Historic building secured as home ofMagdalena Co-op >Maupin: Santa Fe Association Of REALTORS® ToComply With National Class-Action LawsuitSettlement >Los Alamos County Code ComplianceReminds Residents Of Reporting Process >ExxonMobil donates to fire relief efforts >Santa Clara to add two more downtowncameras >UNM professor creates technology to trackloud vehicles >Realtors group to give $500,000 to Ruidoso-area fire victims >Community center expansion in SouthwestABQ makes a splash >Searching for solutions: In New Mexico,researchers seek to make brackish water aviable supply >Local businesses impacted by Las Vegaswater crisis >Water reserve doubles, restaurants open backup in Las Vegas >REAL ESTATE73El Paso Real Estate Market, Showing Some SignsOf Cooling, Is Nevertheless Vibrant, Says NewReport >SOUTHWESTDenver 1960s Brutalist Style Structure Hits TheMarket For $6.5 Million >Phoenix metro ranks in top 20 in US for locationof 'prime' office buildings, CBRE says >Six Flags, Schlitterbahn parent Cedar Faircomplete merger >Cherry Creek apartment building trades handsfor $23M >Walgreens Announces Store Closures in EveryRegion of the Country >NATIONALEven Those with Healthy Incomes Are WorriedAbout Their Financial Future, Says New Survey >CRE expectations mixed for cost of capital,dealmaking in second half of 2024 >Asia Pacific Lenders See Pockets of Opportunity >Miami residential condo tower provides adeeded office unit for every buyer >Dornin Investment Group Acquires $60 MillionNon-Performing Loan >SPACE INDUSTRY86Starliner struggles >NEW MEXICO & NATIONALULA owners add ‘review team’ after Pentagonairs concerns about launch schedule >Space Force working with SpaceX to closelywatch falling Starlinks >86
0091BUILTENVIRONMENTWEEDFEED92Homegrown marijuana sales legal underMinnesota constitution, lawsuit claims >NATIONALDeSantis’s Marijuana Opposition Campaign InFlorida Raises Just $10,000 As Pro-LegalizationCommittee Rakes In Tens Of Millions >4 Ohio Cannabis Companies Appear to GainAdvantage in Lottery for Dispensary SiteSelections >LEGISLATION93Albuquerque has more flexibility in addressinghomeless camps after U.S. Supreme Courtruling >NEW MEXICONew Mexico joins nation-wide challenge toprotect and restore water resources >A veto is coming on the council’s votingproposal. Here’s what you need to know. >Dems tap Ponce for Senate race >Who dropped the ball in Valencia CountyCommission vacancy? >Gov. Lujan Grisham responds to SCOTUSdecision >State Investment Council commits $250M inJune meeting >Hendrix contract rescinded >Governor’s office makes changes to legislativeagenda ahead of special session >NMiF looks ahead to special session >Supreme Court Decision on ControversialChevron Deference May Soon Be Announced >NAT IONALTech Hubs Get $504M in Grants From BidenAdministration For Construction and Research >Supreme Court deals big blow to federalagencies >ARCHITECTS / ENGINEERS / DESIGN99OMA’s Centre Pompidou x Jersey City pausedindefinitely by New Jersey state legislature >NEW MEXICO & NATIONALTxDOT Waco District Headquarters: Waco, TX >Creative Placemaking: Top 3 Best Practices toOptimize Value >VENDORS / SUPPLIERS100BREAKING: FAYAT Acquires Asphalt Drum MixersInc. >NEW MEXICO & NATIONALTwo-tower luxury senior living communityfeatures wellness and biophilic elements >Contractors’ confidence wanes as costs rise >Austin Powder adds investment partner to fuelgrowth >ENERGY INDUSTRY102Albuquerque adds electric vans to ABQ Ride >NEW MEXICO & NATIONALUnanswered questions: New Mexico looks tofossil fuel byproduct to ease pressure onfreshwater supplies >PNM says modernization, energy transition atheart of major rate hike request >NNSA Announces Partnership With Los AlamosCounty To Power DOE Laboratories In NewMexico With Carbon-Free Solar Energy >Power Struggle: Wolberg predicted backlashagainst SEC in 2018 >Topsoe, ABB, Fluor to build joint electrolyzerfacility in Virginia >Gas prices jump in NM ahead of July 4 >
NEW MEXICO WEEDFEEDHOMEGROWNMARIJUANA SALESLEGAL UNDERMINNESOTACONSTITUTION,LAWSUIT CLAIMSBy Corin Hoggard, FOX 907/02/2024ST. PAUL, Minn. (FOX 9) - The timeline forsome Minnesota marijuana sales may moveup.Retail licenses are still several months away,but a small group of people are hoping a lawfrom the early 1900s gets them in business.Continue reading >Florida Gov. Ron DeSantis’s (R) recentlylaunched political action committeeopposing a marijuana legalization ballotinitiative has so far raised only $10,000—just 1/6,000th of the amount...Continue reading >92BUILTENVIRONMENTCopyright: Canva proDESANTIS’S MARIJUANAOPPOSITION CAMPAIGNIN FLORIDA RAISES JUST$10,000 AS PRO-LEGALIZATIONCOMMITTEE RAKES INTENS OF MILLIONSBy Kyle Jaeger, Marijuna Moment 07/01/2024Choosing a cannabis dispensary’s locationcan be a make-or-break decision forbusiness owners, who often consider...Continue reading >4 OHIO CANNABISCOMPANIES APPEAR TOGAIN ADVANTAGE INLOTTERY FORDISPENSARY SITESELECTIONSBy Tony Lange, Cannabis Buisiness Times 07/02/2024
93New Mexico has joined the America theBeautiful Freshwater Challenge, a nationalpartnership effort to conserve and restorefreshwater resources. President Joe Biden announced thechallenge in April as part of the Earth Weekcelebrations. The goal is to “protect, restore,and reconnect 8 million acres of wetlandsand 100,000 miles of our nation’s rivers andstreams by 2030,” according to a pressrelease from April.Continue reading >NEW MEXICO JOINSNATION-WIDECHALLENGE TOPROTECT AND RESTOREWATER RESOURCESBy Hannah Grover, New Mexico Political Report 06/28/2024Copyright: Canva proALBUQUERQUE, N.M. (KRQE) – The U.S.Supreme Court has recently decided thatenforcing generally applicable bans oncamping on public property is not “cruel andunusual punishment.” The decision appliesto a case in initiated in Oregon, but hasimplications for Albuquerque’s ability totackle encampments.Continue reading >NEW MEXICOLEGISLATIONBUILTENVIRONMENTALBUQUERQUE HASMORE FLEXIBILITY INADDRESSING HOMELESSCAMPS AFTER U.S.SUPREME COURTRULINGBy Curtis Segarra, Natalie Wadas, KRQE News06/28/2024Copyright: Canva pro
94Albuquerque Mayor Tim Keller plans toveto the City Council’s proposal to changethe city’s voting system this week, but ifcouncilors vote the same way they didinitially, they will have enough votes tooverride it. Continue reading >A VETO IS COMING ONTHE COUNCIL’S VOTINGPROPOSAL. HERE’SWHAT YOU NEED TOKNOW.By Elizabeth McCall, City Desk ABQ07/01/2024Copyright: Canva proBUILTENVIRONMENTGrant County Commission Chairman ChrisPonce will be the November candidate onthe Democratic ticket for the New MexicoSenate’s District 28 seat.Ponce was selected last week following avirtual meeting of the party’s State CentralCommittee members who live in the threecounties making up the Senate district. Outof the 12 committee members eligible tovote, Ponce received eight votes to three forGrant County resident Cindy ReneeProvencio, the only other applicant seekingto replace Sen. Siah Correa Hemphill on theballot. The incumbent senator withdrewfrom the race following the June primaryelection. Continue reading >DEMS TAP PONCE FORSENATE RACEBy Juno Ogle, Silver City Daily Press07/02/2024Copyright: Canva pro
95SANTA FE – Today, Gov. Michelle LujanGrisham issued the following statementregarding the Supreme Court’s decision inMoyle v. United States:Continue reading >GOV. LUJAN GRISHAMRESPONDS TO SCOTUSDECISION By Office of the Governor Michelle Lujan Grisham 06/27/2024Copyright: Canva proBUILTENVIRONMENTSocorro School’s superintendent, RonHendrix, expressed shock at the notice ofhis termination on Monday.The Socorro School Board votedunanimously to rescind his contract thatwas offered to him in January 2024.The board also voted 5-0 to place Hendrixon administrative paid leave effectiveimmediately...Continue reading >HENDRIX CONTRACTRESCINDEDBy Jessica Carranza Pino, El Defensor Chieftain 06/25/2024It’s been three months of silence andinaction from the Valencia County Board ofCounty Commissioners and the governor’soffice in regards to a vacancy on the countycommission.Continue reading >WHO DROPPED THEBALL IN VALENCIACOUNTY COMMISSIONVACANCY?By Julia M. Dendinger, Valencia News-Bulletin06/27/2024The New Mexico State Investment Councilinvested $250 million in two firms in itsmost recent meeting.Continue reading >STATE INVESTMENTCOUNCIL COMMITS$250M IN JUNEMEETINGBy Megan Gleason, Albuquerque Journal 07/01/2024Copyright: Canva pro
96The special session on public safety in NewMexico will begin on July 18, and it appearsthat the governor is finalizing her wish listfor state lawmakers. That includes pumpingthe brakes on one of her more ambitiousproposals aimed at reworking some of thestate’s behavioral health laws.We only learned the governor wasencouraging state lawmakers tosignificantly rewrite the state’s assistedoutpatient treatment laws just a few weeksago. Now, her team says that is no longer atop priority – at least for the special session.Continue reading >GOVERNOR’S OFFICEMAKES CHANGES TOLEGISLATIVE AGENDAAHEAD OF SPECIALSESSIONBy Griffin Ruston, KOB 406/27/2024Copyright: Canva proThis week, NMiF looks ahead to Gov.Michelle Lujan Grisham's special session inJuly. Executive Producer Jeff Proctor asksSenior Public Safety Adviser BenjaminBaker which bills we can expect to see at thesession.Continue reading >BUILTENVIRONMENTNMIF LOOKS AHEAD TOSPECIAL SESSIONBy Staff, UNM Newsroom06/27/2024Copyright: Canva pro
97BUILTENVIRONMENTNATIONALLEGISLATIONSometime in the next several weeks the U.S.Supreme Court may hand down a ruling thatmany legal scholars are saying could haveprofound federal regulatory implications.Decided by the higher court in 1984, what isreferenced as the Chevron Deference haslong been criticized by various businessgroups as giving too much power to federalagencies.SUPREME COURTDECISION ONCONTROVERSIALCHEVRON DEFERENCEMAY SOON BEANNOUNCEDBy Garry Boulard, Construction Reporter 06/27/2024Copyright: Canva proIn the original ruling, Chevron U.S.A. vNational Resources Defense Council, thecourt agreed with the NRDC after thatgroup said the Environmental ProtectionAgency was being too lax in itsinterpretation and enforcement of theClean Air Act, especially as it applied to bigcompanies such as Chevron.In response, the Supreme Court ruled infavor of empowering agencies with a certainamount of latitude in the area ofenforcement activity. To that end, the Courtgreatly empowered those agencies in caseswhere the wording of a statute is notprecisely clear.The actions of the agency in question, saidthe Court, should be deferred to, thuscreating what has popularly come to beknown as the Chevron Deference.Court watchers have recently said that it isalmost certain the Chevron Deference is onits way out. Several months ago, the NewYork Times remarked that the "foundationaldoctrine of administrative law known as theChevron Deference appeared to be in peril."Earlier this month, the WashingtonExaminer remarked that a new ChevronDeference ruling "could reshape the balanceof power between federal agencies and thejudiciary," while also giving "small litigantsdue process leverage." Continues >
98The City Journal has suggested thatmodifying the Chevron Deference mayactually "enhance regulatory certainty."As it now stands, said the publication, anagency's interpretation of a statute can shiftfrom one presidential administration to thenext. "Requiring Congress to be moreexplicit and shifting statutoryinterpretations from agencies back to thecourts will alleviate that uncertainty."Twelve “tech hubs” will receive a combined$504 million in grants to help build facilitiesand implement other efforts to boost selecttechnologies as part of an effort tostrengthen the nation's economy, the U.S.`Dept. of Commerce’s EconomicDevelopment Administration announcedJuly 2.Continue reading >BUILTENVIRONMENTDive Brief:The Supreme Court on Friday struckdown its so-called Chevron test thatgave deference to a governmentagency’s expertise when a law isambiguous.Continue reading >SUPREME COURT DEALSBIG BLOW TO FEDERALAGENCIESBy David Weisenfeld, ConstructionDive07/01/2024Copyright: Canva proTECH HUBS GET $504MIN GRANTS FROM BIDENADMINISTRATION FORCONSTRUCTION ANDRESEARCHBy James Leggate, Engineering News-Record07/02/2024Copyright: Canva pro
99TxDOT contracted SLA Architects to designa new administration & training facility to belocated at the existing Waco Districtheadquarters, 100 South Loop Dr., in Waco,Texas. The property was undeveloped, withmany large existing trees to remain. Therealignment of I-35 main lanes providesadditional acreage to the site that wasutilized for this project.Continue reading >TXDOT WACO DISTRICTHEADQUARTERS:WACO, TXBy SLA Architects, Design Cost DataCopyright: Canva proNEW MEXICO & NATIONALARCHITECTS / ENGINEERS / DESIGNBUILTENVIRONMENTNew Jersey Economic DevelopmentAuthority (EDA) officials announcedrecently that the OMA–designed CentrePompidou x Jersey City project has beenpaused indefinitely. EDA CEO Tim Sullivancited “the ongoing impact of COVID andmultiple global conflicts on the supply chain,rising costs, an irreconcilable operating gap,and the corresponding financial burdens[the museum] will create for New Jersey’staxpayers” as the decision’s main drivers.Continue reading > OMA’S CENTREPOMPIDOU X JERSEYCITY PAUSEDINDEFINITELY BY NEWJERSEY STATELEGISLATUREBy Daniel Jonas Roche, The Architects Newspaper 07/01/2024What exactly is creative placemaking? Inreal estate, it involves bringing in art andculture, alongside great design, at the startof the development process. Creativeplacemaking is especially useful...Continue reading > CREATIVEPLACEMAKING: TOP 3BEST PRACTICES TOOPTIMIZE VALUEBy Juanita Hardy, Urban Land06/28/2024
100A new, two-building, 27-story senior livingcommunity in Tysons, Va., emphasizeswellness and biophilic design elements. TheMather, a luxury community for adults aged62 and older, is situated on a small sitesurrounded by high-rises.Continue reading >TWO-TOWER LUXURYSENIOR LIVINGCOMMUNITY FEATURESWELLNESS ANDBIOPHILIC ELEMENTSBy Peter Fabris, Building Design + Construction 07/01/2024Copyright: Canva proBREAKING NEWS: Just ahead of the Fourthof July holiday, the Fayat Group surprisedthe industry and announced it had acquireda controlling interest in North Americanasphalt plant manufacturers Asphalt DrumMixers Inc. (ADM), effective July 1, 2024.While there were some rumors swirling themost recent World of Asphalt in Nashville,TN, that the FAYAT Group had someinterest in joining the North Americanasphalt production market, there weren'tany indications about when such a movemight happen. Continue reading >BUILTENVIRONMENTNEW MEXICO & NATIONALVENDORS / SUPPLIERSBREAKING: FAYATACQUIRES ASPHALTDRUM MIXERS INC.By Brandon Noel, For Construction Pros07/02/2024Copyright: Canva pro
101Associated Builders and Contractors (ABC)reported its Construction Backlog Indicatordecreased to 8.3 months in May, accordingto an ABC member survey conducted May20 to June 4. The reading is down 0.6months from May 2023.Continue reading >CONTRACTORS’CONFIDENCE WANES ASCOSTS RISEBy Staff, Construction Metal News06/26/2024Copyright: Canva proAustin Powder, a provider of industrialexplosives and engineered blastingsolutions, struck a deal with a globalindustrials investor as a means to accelerateits growth strategy.Continue reading > BUILTENVIRONMENTAUSTIN POWDER ADDSINVESTMENT PARTNERTO FUEL GROWTHBy Kevin Yanik, Pit & Quarry07/01/2024Copyright: Canva pro
102Mario Atencio’s family never received anotification that 1,100 barrels of producedwater—a byproduct of oil and gas extraction—had spilled on their allotment in February2019 near Counselor, New Mexico in theEastern Agency of the Navajo Nation, nearChaco Culture National Historical Park.Continue reading >UNANSWEREDQUESTIONS: NEW MEXICO LOOKS TOFOSSIL FUELBYPRODUCT TO EASEPRESSURE ONFRESHWATER SUPPLIESBy Hannah Grover, New Mexico Political Report07/02/2024Copyright: Canva proALBUQUERQUE, N.M. (KRQE) – The cityhas taken another step towards its climategoals. By adding five new electric vans, ABQRide is trying to get to zero emissions by2040.“We continue to move the needle forwardto zero emissions by 2040,” Mayor TimKeller said in a press release. “This programis taking transit to the next level ofsustainability, and the electric vans willliterally meet you at your doorstep to takeyou where you need to go.”Continue reading >BUILTENVIRONMENTNEW MEXICO & NATIONALENERGY INDUSTRYALBUQUERQUE ADDSELECTRIC VANS TO ABQRIDEBy Curtis Segarra, KRQE News07/02/2024Copyright: Canva pro
103Jul. 1—Public Service Company of NewMexico executives say the company's mostrecent request for a rate increase — aproposal that would raise the averagehousehold bill by more than $23 over atwo-year period — is based on its efforts todecarbonize the energy it provides to bigchunks of the state.Continue reading >PNM SAYSMODERNIZATION,ENERGY TRANSITION ATHEART OF MAJOR RATEHIKE REQUESTBy Nicholas Gilmore, The Santa Fe New Mexican07/01/2024Copyright: Canva proA partnership with Los Alamos County willprovide the Department of Energy’s twonational laboratories in New Mexico withelectricity produced from the County’s newFoxtail Flats solar and energy storageproject, which is proposed to be operationalby March 1, 2026.This action, which represents the largestever carbon-pollution-free electricity (CFE)procurement for DOE’s National NuclearSecurity Administration (NNSA), willadvance the Biden-Harris Administration’sfederal sustainability goals, catalyzeAmerica’s clean energy industries and jobs,and build healthier communities.Continue reading >BUILTENVIRONMENTTen days ago, the New Mexico SupremeCourt rejected Socorro ElectricCooperative’s (SEC) proposed rateincrease of $1.2 million proposed in 2018for five years.SEC challenged the Public RegulationCommission’s authority saying the PRCcould only accept or deny the rates. It couldnot, according to SEC, exceed its authorityby reallocating revenues among customerclasses, redesigning rates and calculatingthe cooperative’s revenue requirementsthrough a method different than what wasused by SEC.Continue reading >POWER STRUGGLE:WOLBERG PREDICTEDBACKLASH AGAINSTSEC IN 2018By Wanda Moeller, El Defensor Chieftain 07/19/2024NNSA ANNOUNCESPARTNERSHIP WITH LOSALAMOS COUNTY TOPOWER DOELABORATORIES IN NEWMEXICO WITHCARBON-FREE SOLARENERGYBy Carol A. Clark, Los Alamos Daily Post07/01/2024
104Gas prices continue to fluctuate, shootingup across New Mexico leading up to what isexpected to be a busy day of travel July 4.AAA New Mexico Weekend Gas Watch saidthe average price of gas this week in Taosarea is $3.23 per gallon. Gas prices in Taostrail behind the state average price for agallon of regular at $3.28 — an increase overprevious weeks, but still below the nationalaverage of $3.47 a gallon.Continue reading >GAS PRICES JUMP IN NMAHEAD OF JULY 4By Matthew Narvaiz, Taos News07/02/2024Copyright: Canva proDive Brief:Automation machinery maker ABB andconstruction company Fluor areteaming up with Topsoe to build a $400-plus million electrolyzer factory inChesterfield County, Virginia, thecompanies announced in a June 19 jointpress release.The Topsoe factory will manufacturesolid oxide electrolysis cells, or e-fuels,which are utilized to produce cleanhydrogen. It will also create 150 jobs. Together, the three companies willdesign a concept for building the factoryas well as creating processes to cut costsand improve safety. Operations areexpected to begin by 2028.Continue reading >BUILTENVIRONMENTTOPSOE, ABB, FLUOR TOBUILD JOINTELECTROLYZERFACILITY IN VIRGINIABy Sara Samora, ConstructionDive07/02/2024Copyright: Canva pro
LOCATIONPROJECTS BIDDINGTOTAL ESTIMATED COSTNORTHERN NEW MEXICO53$242,955,351.00SOUTHERN NEW MEXICO38$255,135,822.00COLORADO21N/AOUTSIDE ADJACENT67$80,300,000.00TOTAL179$578,391,173CURRENTLY BIDDING PROJECTS105PROJECT STATISTICSPROVIDED BY CONSTRUCTION REPORTER PLANROOM >TOP THREE MOST VIEWEDPROJECTS THIS WEEK2024-3B30 NMBHI Forensic Facility >2024-3F9F UNMH Children's Psychiatric CenterConstruction Project >2024-3D0F Clovis Regional Airport New Terminal Building >BUILTENVIRONMENT
AUDIO PRODUCTION COMPANYASKING PRICE: $1,500,000GROSS REVENUE: $1,076,709CASH FLOW: NOT DISCLOSEDEBITDA: $49,480INVENTORY: NOT DISCLOSEDFF&E: NOT DISCLOSEDREAL ESTATE: NOT DISCLOSEDBusiness DescriptionThis company is a content production companythat specializes in audiobook production andpodcast production. Clients are publishers,publishing service providers, authors, speakers,thought leaders and businesses. Revenue isapproximately evenly split between threecategories: audiobooks, podcasts, and podcastadvertising. In 2022 they generated $886k ofrevenue with $45k of EBITDA. In 2023 theygenerated $1.1M of revenue with $49k of EBITDA.106BUSINESS FOR SALEVIEW BUSINESS LISTING >BUILTENVIRONMENT
107PERMITNUMBER(CLICK TO VIEW)PERMIT LOCATIONISSUE &EXPIRATION DATEPERMITOWNERTOTALSQ. FEETBUILDINGCONTRACTORBP-2024-190458200 LOUISIANA BLVD NE06/25/2024 - 12/25/2024NOURI PROPERTIES LLC2,240ARCLINEARCHITECTURALDESIGNTRINITYCONSTRUCTIONWORK DESCRIPTION: THE REMODEL OF AN EXISTING DENTAL CLINIC; REMOVE AND INSTALL NEW PARTITIONS AND DOORS, CHANGE FINISHES, ANDADJUST MECHANICAL, PLUMBING, ANDBP-2024-188534101 INDIAN SCHOOLRD NE06/26/2024 - 06/26/2025Norm Ullemeyer11,535AIC GENERALCONTRACTORS, INC.DEKKER PERICHSABATINIWORK DESCRIPTION: Fastrax – Alterations to a 11,535 square foot area, on the third floor, of an existing B-Business Occupancy. Work includes offices,conference rooms, and a break room. ALBUQUERQUE BUILDING PERMITSJUNE 24TH - 28TH 2024BUILTENVIRONMENTBP-2024-172679210 Daytona Rd NW06/25/2024 - 12/25/2024Dufresne Spencer Group LLC61,502HART DESIGN ANDCONSTRUCTION INC.WORK DESCRIPTION: Racking 30' average height.BP-2024-160511525 Girard Blvd NE06/26/2024 - 12/26/2024Nathaniel Herbst5,745DPC CONSTRUCTIONLTD. CO.WORK DESCRIPTION: Renovating basement to a training room BP-2024-135372425 RIDGECREST DRSE, Building 1406/25/2024 - 12/25/2024David M Puritz, ProjectMgr. NCA Architects105,235BRADBURY STAMMCONSTRUCTION INC.NCA ARCHITECTSWORK DESCRIPTION: THIS PROJECT CONSISTS OF COMPLETE INTERIOR TENANT IMPROVEMENTS OF BUILDINGS 14 (FIRST AND SECOND LEVELS),14A (FIRST LEVEL AND PARTIAL SECOND LEVEL), AND THE MAJORITY OF BUILDING 20. TENANT IMPROVEMENTS ARE FOR THE TOURO COLLEGE OFDENTAL MEDICINE. A PORTION OF BUILDING 14A AND BUILDING 20 TENANT IMPROVEMENTS WILL BE FOR THE LOVELACE BIOMEDICAL RESEARCHINSTITUTE.BP-2024-099413050 TODOS SANTOS STNW, Suite 106/26/2024 - 12/26/2024javier solis6,000EYEBALL CUSTOMS LLCdba EYEBALL CUSTOMSLLCScott C. AndersonWORK DESCRIPTION: Construction of new 1,500 SF suite within a new 6,000 SF metal shell structure containing four (4) separate 1,500 SF suites total.BP-2024-084746420 COORS BLVD NW06/25/2024 - 12/25/2024Sagebrush Church8,294TATE FISHBURNARCHITECTWILGER ENTERPRISESINCWORK DESCRIPTION: New building for offices and music instruction.
108BP-2024-058907717 MENAUL BLVD NE06/24/2024 - 12/24/2024ONETEN REI, NicoFricchione1,170JUNO ARCHITECTSS & J ENTERPRISES INC.WORK DESCRIPTION: SITE IMPROVEMENTS FOR A DONUT SHOP INCLUDING: DRIVE-THRU ISLAND AND CURBING; REVISED PARKING LAYOUT;MOTORCYCLE AND BICYCLE PARKING; LANDSCAPING; TRASH ENCLOSURE; AND SITE LIGHTING. NOTE: THERE ARE NO BUILDING IMPROVEMENTSINCLUDED IN THE WORK.BUILTENVIRONMENTBP-2024-051904501 Osuna RD NE06/24/2024 - 12/24/2024OAMSO LLC3,827AIC GENERALCONTRACTORS, INC.HART DESIGN ANDCONSTRUCTION INC.WORK DESCRIPTION: Phase 2 is an ambulatory outpatient surgical center. This phase will contain two ORs, four recover/pre-op post-op areas and an exam room.This phase will include new mechanical units and power to suite B. All supporting spaces for an ASC are included as well.BP-2023-470016800 PALOMAS AV NE06/28/2024 - 12/28/2024Hope Christian Schools57,391JON ANDERSONARCHITECTURE LLC dbaRoma Architecture PWKI, LLCWORK DESCRIPTION: Phase 1 of 5 for new high school facilities to be located on the existing high school campus of Hope Christian Schools. Phase 1 (currentphase) is a new 2-story building to include classrooms, administrative offices, and a student commons area. Associated site improvements include a new parking lotand courtyard. BP-2023-462052005 RIDGECREST DR SE06/27/2024 - 06/28/2025Arturo Torres3,300SWAN TILEWORK DESCRIPTION: New Metal CARPORTBP-2023-354188526 MOUNTAIN RD NE06/26/2024 - 12/26/20244740 Dillon Drive, LLC2,400HARRISONCONSTRUCTION LLCWORK DESCRIPTION: Grading, excavation, foundation, parking lot, asphalt work, landscaping, utility connections related to 2,400 sq. ft. cannabis retaildispensary at 8526 MOUNTAIN ROAD NE, also known as NEC I-40 and Wyoming Blvd. NE, Albuquerque, NM 87102. (Note that the 2,400 square foot retailbuilding will be a MODULAR building provided by a third-party contractor offsite and shipped onsite after the foundation is completed.)BP-2023-341954322 CENTRAL AVE SE06/25/2024 - 12/25/2024Isaac Fox1,463RBA ARCHITECTSTITAN BUILDERS, LLCdba CommercialWORK DESCRIPTION: 2 existing spaces will be used for a 810 s.f. Distillery (Unit 5) and a 653 s.f. Roastery (Unit 3). Unit 4 will remain a 688 s.f. shell space forfuture use. The previous Building Permit BP-2021-52614 was cancelled due to longevity of review.BP-2022-468962220 UNSER BLVD NW06/25/2024 - 12/25/2024Peterson Properties4,621Martin GrummerArchitectWILGER ENTERPRISESINCWORK DESCRIPTION: SHELL BUILDINGBldg 4
109LAS CRUCES COMMERCIAL PERMITSElectricalPlumbingAlterationMechanicalRe-roofCommercial NewAdditionsPERMIT NUMBER(CLICK TO VIEW)PERMIT LOCATIONISSUE DATEPERMIT OWNERBUILDINGCONTRACTOR24OC55039408951 MOUNTAIN VISTAPkwy06/27/2024PQ HWY LLCGLOBAL CONSTRUCTION LLCPROJECT DESCRIPTION:installation of irrigation system24OC60039092593 MAIN St06/27/20243160 GROUP LLCON THE GO HEATING ANDCOOLING LLCPROJECT DESCRIPTION:Replacement unitBUILTENVIRONMENT24OC65038691420 MISSOURI Ave06/26/2024GADCO OF EL PASO LLCRT ELECTRIC, INC.PROJECT DESCRIPTION:Wingstop- 10281 Replacing receptacles and fixtures.24OC65038731440 W PICACHO Ave06/26/2024JOHNSON CONTROLSSECURITYJOHNSON CONTROLSSECURITY SOLUTIONS LLCPROJECT DESCRIPTION:Johnson Controls (JCI) is to install, program, test a new Video Alarm Verification System. The system will consist in Optex Visual Verification Bridge. An 8 zoneinput board is to be added to the existing Intrusion panel. New zones will be for the CheKT bridge to trigger zones on the intrusion panel when the analytic cameradetect intrusion at the side lot fence. The new Video Alarm Verification system will use the existing Clickit Video System and Bosch Intrusion Panel.24OC65039443275 RINCONADA Blvd06/28/20243275 RINCONDADABOULEVARD LLCRT ELECTRIC, INC.PROJECT DESCRIPTION:New service, wiring devices, and lighting for new GECU location.24OC65039458993 ROBERT LARSON Blvd06/28/2024MUSKET CORPRT ELECTRIC, INC.PROJECT DESCRIPTION:Running communication/ data in new store.
Copyright: Canva pro110THEFT & SECURITYSec. 165 broadly allows taxpayers to deductlosses "sustained during the taxable yearand not compensated for by insurance orotherwise." Some examples of losses thatare allowed as a deduction under Sec. 165include wagering losses (Sec. 165(d)), theftlosses (Sec. 165(e)), worthless securities(Sec. 165(g)), and disaster losses (Sec.165(i)). With respect to individualtaxpayers, any deduction claimed under Sec.165 is limited under Sec. 165(c) to:Losses incurred in a trade or business;Losses incurred in any transactionentered into for profit; andLosses arising from fire, storm,shipwreck, or other casualty, or fromtheft.In addition, for the third category, Sec.165(e) states that "any loss arising fromtheft shall be treated as sustained duringthe taxable year in which the taxpayerdiscovers such loss."Continue reading >THEFT LOSSDEDUCTIONREQUIREMENTSBy Jason Borkes, The Tax Adviser11/01/2024BUILTENVIRONMENT
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