Albuquerque Business News - Local Albuquerque News | Albuquerque Business First
Tarbells 'dial down' operations at Downtown's Levitated
Rumors have circulated that Downtown Albuquerque's Levitated Toy Factory might be closing. It's not true, say owners Jared and Laurie Tarbell. Levitated will continue to operated at its Downtown location at 700 Silver Ave. SW. However, the Tarbell family, who opened the unique studio and workshop last year, have announced plans to take an extended family leave next year in anticipation of the birth of their second child. "Any day now, here at the end of 2015, we are expecting the birth of a second?
Downtown's Cafe Bien closed 'till further notice'
Cafe Bien, which moved into a high-profile restaurant space at 400 Central Ave. SW less than a year ago, is "closed till further notice," according to a sign on the door. Co-owner Lindsey Cavazos could not be reached for comment. Cavazos and her husband Enrique Cavazos, who own and operate Cafe Bien, were indicted by a federal grand jury and arrested on marijuana trafficking and money laundering charges, according to a Nov. 20 news release from the U.S. Attorney's Office. The indictment includes?
These stores are angling for your Black Friday business
Black Friday might not be for everyone, but if you are one of the millions of people who will face the crowds Nov. 27, here is some information you may find helpful. The research and personal finance website, WalletHub, found that 11 percent of Black Friday deals are recycled from the previous year. Big Lots and Costco are the biggest recyclers, with 16.4 and 16.3 percent of their deals being reused from last year, respectively. If you want new deals, try Staples or JC Penny, which are only recycling?
Branding firm leaving Downtown for Country Club Plaza
Ripe Inc. is moving from its Downtown site to Jay Rembe's emerging Country Club Plaza development. Known for its award-winning work for Marble Brewery, Central New Mexico Community College and others, the branding and design studio has been in Downtown's Insurance Building at 610 Gold Ave. SW for the last five years. According to Ripe owners Len and Donna Romano, the decision to move was very recent and motivated by a desire to be "part of the energy" in the area, as well as take advantage of the?
National building consulting firm opens Albuquerque office
Technical Assurance Inc., a building enclosure consulting firm based in Willoughby, Ohio, has opened an Albuquerque office, its fourth office overall. In addition to offices in Willoughby and Albuquerque, the company operates in Carmel, Indiana, and Las Vegas, Nevada. According to a release, the firm has hired architect David Chavez to manage the Albuquerque office. He oversees the company's roof asset management program for Sandia National Laboratories and Los Alamos National Laboratory. He has?
Colorado's economic growth could be in danger, report says
Minorities, single parents and low-wage earners in Colorado are struggling to make ends meet, despite the state?s booming economy and lowest unemployment rate since 2007. And that's a problem that could put a halt to the booming economy, said Michelle Webster, Colorado Center on Law & Policy research and policy analysis. ?We are hearing all this great headline news about falling unemployment, and that is really great,? said Webster, who co-authored of the report. ?If you dig a little bit?
Lifelong cyclist rides his way to unique Albuquerque business (slideshow)
Albuquerque has many established and fledgling entrepreneurs within a landscape of thousands of small businesses. New England native Marc Basiliere capitalized on a love of the outdoors and experience that includes project management at Sandia National Laboratories to launch his company, Lindarets. Basiliere says the business, which started last year and has ramped up activity this year, provides niche solutions to improve a rider?s experience, both bicyclists and mountain bikers. We asked him?
Another merger in Washington for Moss Adams
Mark another merger on the books for accounting firm Moss Adams LLP. Effective January 1, 2016, Spokane, Washington-based financial services company Contineo will become part of Moss Adams ? ultimately adding 14 new employees to the firm's roster with remote locations in Seattle, Dallas and Meadview, Arizona. According to Jeff Green, financial services leader and partner in charge with Moss Adams, the firm has had a longstanding relationship with Contineo. He said the merger provides Moss Adams?
5 things you need to know today, and an ABQ traffic bottleneck gets national notice
Maybe you're sitting in traffic there right now. Keep your eyes on the road, OK? An unlikely pocket of affluence in southeast NM Albuquerque Business First and our parent company, ACBJ, have been rolling out stories that spotlight where the money lives in the communities we cover. Sal Christ has a report on an affluent spot, North Hobbs, that might surprise you. It has a median household income of $77,000 and one of the lowest poverty rates in the state, though less than 20 percent of the area?
Energy giant selling New Mexico, Colorado assets in $358M deal
Peabody Energy (NYSE: BTU) has agreed to sell its New Mexico and Colorado coal assets to Bowie Resource Partners LLC for $358 million in cash. Bowie Resource Partners will also assume about $105 million in related liabilities in the deal, according to a news release. The deal grew out of a competitive bidding process. It includes the El Segundo and Lee Ranch Mines in New Mexico and Colorado's Twentymile Mine. The mines have about 330 million tons of coal reserves combined. The properties have?