Maestas & Ward, Welcomes Wyane Unze !
New Partnership Creates one-stop Commercial Real Estate Team | December 31, 2009

Albuquerque, N.M. – Steve Maestas, Managing Partner of Maestas & Ward Commercial Real Estate,announced today that Wayne Unze, formerly executive vice president of Vaughan Company Business Opportunities, will be joining his firm. Unze has managed the Vaughan Company business brokerage division for twenty-three years.

In making the joint announcement, Unze stated that he was making the move so he could concentrate on the ABCs of his profession (business appraisals, brokerage and consulting) and eliminate the management role that he has carried out for more than two decades. During this period, Unze has been involved in more than 850 brokerage transactions throughout New Mexico. He also serves as an expert witness for court-ordered business evaluations and provides consulting services for those wishing to buy,sell or start a business. Unze further stated, “This was an extremely hard decision, but knowing the great reputation of the Maestas & Ward team, I knew it was the correct one.They are a group of professionals second to none in the New Mexico real estate market.”

Maestas added, “Until today, we have not had an active business brokerage and appraisal division. Wayne’s addition will make Maestas & Ward a one-stop center for all of our clients’ real estate and business brokerage needs.”

Maestas & Ward, Sun Vista Enterprises Create Partnership
New Partnership Creates Enhanced Commercial Real Estate Team | April 30, 2009

Albuquerque, N.M. – In a deliberate move to create a dynamic commercial real estate team that excels in providing superior customer service, Maestas & Ward Commercial Real Estate announces the company will create a standalone property management firm with local leader Sun Vista Enterprises at the end of the month.

“This venture is a win-win,” said Mr. Steve Maestas, CEO of Maestas & Ward Commercial Real Estate. “Through this partnership we have brought two successful organizations together, each with unique strengths, and collectively we will be able to continue our goal of exceeding our clients’ expectations and growing portfolios.” . >> continued

Hospital Services Corp. Increases Space by 40 Percent with Move to Journal Ctr | March 25, 2009

ALBUQUERQUE – Rapidly growing Hospital Services Corp., which provides a wide variety of management and administrative services to the healthcare industry and general business community, is moving to Journal Center.

HSC has purchased the two-story, 24,388-square-foot building at 7471 Pan American Freeway N.E. in the heart of the North I-25 Corridor.

The building previously housed the Albuquerque campus of the University of Phoenix.

When HSC completes its move to the new location April 3, it will expand its office space by 40 percent from its current location, a 14,630-square-foot building at 2121 Osuna Road N.E., where it has been for 14 years. >>

Paseo Nuevo Office Complex one of Albuquerque's Many Success Stories | March 5, 2009

ALBUQUERQUE – The best office space in town is being snatched up, and fast. Case in point: Paseo Nuevo Office Complex in the North I-25 Corridor.
Since opening to tenants last June, the five-story, 106,000-square-foot Class A office building near the intersection of San Pedro Drive and Paseo del Norte, Paseo Nuevo has surged to 85 percent occupancy.

“This is a first-class building in the city’s fastest growing and most desirable business submarket,” says Karen Hudson, a partner in Maestas & Ward Commercial Real Estate, who with colleagues Keith Bandoni and Martha Carpenter represents the building. “National leaders in the insurance and health care industries have opened Albuquerque offices in this building. One of New Mexico oldest banks has relocated its headquarters to Paseo Nuevo, as have a prominent Albuquerque accounting firm and law firm. That really speaks volumes about the quality of the facility and also about the strength of the Albuquerque office market, particularly in the North I-25 Corridor.” >>

Melrose opens at Atrisco Plaza | February 9, 2009

Melrose, a fast growing chain of young women’s apparel aimed at Hispanic teens, has opened its first Albuquerque store at Pro’s Ranch Atrisco Plaza. It marks the chain’s 87th store and the second in New Mexico. Melrose operates at Las Cruces’ Mesilla Mall.

The San Antonio, Texas-based discount fashion retailer has opened an 8,000-square-foot store featuring affordable, trendy, non-branded fashion clothing and accessories. Pro's Ranch Atrisco Plaza, is located at the intersection of Central Avenue and Atrisco Drive N.W. and is owned by Pro’s Ranch Market, the Hispanic grocer headquartered in California. Pro’s has an 80,000-square-foot store there. Melrose is the first junior anchor to open in the center. >>

Shops at Montaño Sells | February 12, 2009

A group of Albuquerque investors has acquired the 26,000-square-foot Shops at Montaño neighborhood retail center anchored by Checker Auto Parts. Located at the intersection at Coors and Montaño NW, it was sold by an Albuquerque-based investment group and the purchase was financed by Los Alamos National Bank.

Built in 2006, the center has nine local retailers. The buyer and seller were not disclosed nor was a purchase price. Other strip centers in the Duke City are expected to trade this year because of increasing vacancies and difficulty by developers to refinance loans. No reason was given for the Shops at Montaño sale. >>