Albuquerque Business News - Local Albuquerque News | Albuquerque Business First


    Scrappy Startups can win trip to Vegas, SXSW conference tickets
    The deadline for companies to enter the second local Scrappy Startups Challenge is April 24. Scrappy Startups pits companies against each other in a three-minute pitch contest. Winners of the first challenge won a trip to the South By Southwest Interactive Festival in Austin, Texas. This time, the winners will win a trip to Las Vegas, Nevada, for the SXSW V2V conference. V2V is a four-day event in mid-July where companies learn about, and connect with, entrepreneurs from a variety of industries. Originally,?


    Lujan Grisham issues challenge to private sector in STEM investment
    The thread between STEM education and the job market in New Mexico is more than just revamping school curriculum. And while efforts continue to be made to encourage students to embrace STEM coursework (science, technology, engineering and mathematics), a burgeoning number of graduates in those fields won't be able to stay in New Mexico if the jobs aren't there. That was the message from Rep. Michelle Lujan Grisham, D-NM, on Monday. At a NAIOP luncheon at the Albuquerque Marriott, Lujan Grisham spoke?


    North I-25 office market recovers as Uptown, Downtown still struggle
    The Albuquerque area office market?s vacancy rate inched up in the first quarter of 2015 and shows that the sector is still struggling to get back to prerecession levels. New data from the New Mexico office of CBRE showed an office vacancy rate of 21.6 percent ? a slight increase from the fourth quarter?s 21.3 percent. As a comparison, the overall vacancy rate was 13.9 percent in 4Q of 2008, when the sector was experiencing a higher amount of job activity. Office specialists at the New Mexico?


    More than 700 young Albuquerque professionals pack Hotel Andaluz
    Albuquerque?s millennials ? a group that has been emerging as a strong voice in the business community ? invaded Downtown?s Hotel Andaluz en masse over the weekend. More than 700 young professionals attended the first ?City-Wide Young Professionals Mixer? on April 17 ? an event that was designed to corral millennials and millennial groups into one location for a night of networking with cocktails, appetizers and raffles. ?We stopped counting at 640 because we couldn?t handle the?


    Move to officially end Downtown Albuquerque's BID could happen Monday
    Monday night's Albuquerque City Council meeting could mean the official end to the 15-year-old Downtown Business Improvement District (BID). City Council Isaac Benton told Business First he thinks the time has come for the BID to be officially terminated, and that the issue on tonight's agenda will likely pass. He's sponsoring the measure to disband the BID with a one-page resolution. "I don't think it's going to be controversial," he said. Benton's District 2 includes the Downtown corridor. The?


    Presbyterian Healthcare Services opens $10.5M Santa Fe facility
    Presbyterian Healthcare Services opened a $10.5 million Medical Group Clinic in Santa Fe Monday. The 32,000-square-foot facility, located at 454 St. Michael's Drive, is the latest move in the nonprofit health care organization's expansion plan. The new clinic comes with about 20 jobs, according to officials, including five physicians, a clinical pharmacist and a mental health professional. Jim Hinton, PHS president and CEO, said the project was initiated about two years ago ? in part to serve?


    Inside the Southwest Airlines seat switch: How it will play out in (many) years to come
    Yes, it's true. New passenger seats are coming to Dallas-based Southwest Airlines (NYSE: LUV) planes. But don't get too excited too fast. The change is not going to mean instant relief ? not by any stretch of reality ? for hundreds of thousands of Southwest customers who have become painfully accustomed to the Evolve seat that has been very slowly rolling out on Southwest's fleet of nearly 700 Boeing 737 aircraft over the past three years. The Evolve seat has in fact been sat in by millions?


    The Empire strikes back: George Lucas will pay $150 million to build affordable housing in Marin
    Star Wars creator George Lucas will pay to build a 224-unit affordable housing project near his Skywalker Ranch studio in Marin County, Calif., a plan he adopted after neighbors blocked his attempts to build production studios. After nearly a decade of efforts, Lucas gave up on plans for a 270,000-square-foot addition in 2012 and announced plans to build affordable housing there instead. He enlisted the Marin Community Foundation to review developer proposals and help identify funding, but the foundation?


    Major commercial project in SW Santa Fe kicks off with $7M interchange
    A huge project along the Santa Fe Relief Route in the southwest part of town will begin to take shape this summer with a new overpass and interchange that will eventually route drivers to new restaurants, retail outlets and hotels, according to a report in the Santa Fe New Mexican. The Village Plaza at Tierra Contenta and the Santa Fe Commercial Center is envisioned as a major commercial development with room for light manufacturing and transportation businesses that can leverage the resources of?


    City, county open system's newest, largest library on Westside
    Albuquerque's newest library is open for business after Mayor Richard Berry and City Councilor Ken Sanchez headlined a ribbon-cutting ceremony Saturday. The $8.4 million Patrick J. Baca Library at Central and Unser is the first new branch of the Albuquerque/Bernalillo County Library in 17 years and clocks in as the largest library in the system at 25,000 square feet. It features a program room for children's events, the largest community room in a branch that seats over 130, a separate young adult?