Albuquerque Business News - Local Albuquerque News | Albuquerque Business First
Albuquerque's first balloon manufacturer ready for liftoff (Slideshow)
Albuquerque is famous for its hot-air balloon festival. Why not gain equal fame for hot-air-balloon manufacturing? That's the thinking of Andy Richardson, anyway. Richardson moved to the Duke City from Indiana two years ago, with the sole purpose of building the premier hot-air-balloon manufacturing business in the U.S. ? or "opening a McDonald's at fat camp," as he refers to Albuquerque and the passion for hot-air ballooning here. Richardson just received his standard air worthiness certification?
Presbyterian Healthcare Services lands unique national designation
Presbyterian Healthcare Services has been designated as a Palliative Care Leadership Center (PCLC) by the Center to Advance Palliative Care. The national organization advocates for advancements in palliative care development and growth. Differing from hospice care, which centers around end-of-life issues, palliative care is implemented at any stage of an illness and focuses on efforts to improve one's quality of life including pain and stress relief and providing patients and their families with?
New Mexico's 100-year-old flour mill opens to public for national Manufacturing Day (Slideshow)
Valencia Flour Mill is a small milling operation on the outskirts of Belen, N.M. The mill is 101 years old and produces the flour for many of the state's restaurants and some retailers. On Oct. 1, the mill opened its doors for tours as part of National Manufacturing Day. The official Manufacturing day, or MFG Day, is the first Friday of October, this year Oct. 2. As stated on the MFG website, "By working together during and after MFG DAY, manufacturers will begin to address the skilled labor shortage?
Luxury condos in Country Club corridor headed to auction
In 2012, a California investor purchased the Agave Condominiums complex at 1900 Central Ave. SW, in the Country Club corridor near Old Town. He had the intention of repositioning the property, which had struggled. But about three years later, nine of the 11 units are headed to the auction block. Kennedy Wilson Auction Group announced Oct. 1 that the nine condos are scheduled to be auctioned for sale Oct 24. The Agave project was completed in 2008 as for-sale condominiums, but later were leased?
Innovate ABQ planner: Suburbia doesn't have a city's resilience
One of the big business news stories this year was the selection of a trio of developers who will work toward transforming Albuquerque's former First Baptist Church on the northwest corner of Central Avenue and Broadway Boulevard into Innovate ABQ ? a thriving live-work-play site. Innovate ABQ's development team, which includes Dekker/Perich/Sabatini, Goodman Realty Group and Signet Development, are in the project's due diligence process now. Jason Perry of Signet said the first phase of the site's?
The List: These aviation and aerospace companies are soaring in New Mexico
The aviation and aerospace industries mean big bucks to New Mexico's economy. According to 2013 U.S. Department of Labor estimates, aerospace and aviation is a $228 million per year industry in the state ? contributing more than $2.6 billion to the economy in the last 10 years. This week's List takes a look at the highest-flying aerospace and aviation companies in the state. With 300 New Mexico full-time employees, Boeing SVS Inc. tops this week's list. Boeing's Directed Energy Systems program?
Banking partnership creates new lending jobs in New Mexico
Jobs in the lending industry are coming to New Mexico and Colorado as a result of First National Bank's new partnership with Dallas-based Guardian Mortgage Co. The partnership, reported this week by Business First, allows Guardian Mortgage to take over all primary residential lending for First National at all of its locations in the two states. Russell Anderson, CEO of Guardian, said the company is looking to add more loan originators in both states in the coming months and the possibilities for?
Retaining millennials goal of NAIOP's plan to link UNM students, employers
Those among the business community constantly talk about attracting and retaining millennials as Albuquerque loses more young professionals to surrounding states. NAIOP New Mexico, as part of its Developing Leaders group, started an effort last year to reach out to more University of New Mexico students. The idea, organizers say, is to remind students that there are career opportunities in state and plenty of job titles within the commercial and residential real estate industries. ?We often hear?
Iconic Bishop's Lodge closes for multimillion dollar renovation
The Bishop?s Lodge Ranch Resort & Spa is launching a multimillion dollar renovation and expansion of the historic property north of Santa Fe. Bishop?s Lodge closed to guests today and laid off employees to make way for the project, which is expected to take more than a year and a half. According to a news release issued by the resort this week, the renovation will include the demolition and remodeling of existing rooms and public areas and will expand lodging to 123 rooms from 88. No price?
Twitter may stretch 140-character limit, report says
San Francisco-based social media company Twitter (NYSE: TWTR) is working on a new product that will let users post tweets longer than its current 140-character limit, Re/code reports. Citing people familiar with the company's plans, the site said CEO Jack Dorsey has revived a debate at the company since taking over as interim chief earlier this summer. Re/code didn?t have details about what the new feature may eventually look like. If adopted, it will join a suite of new features rolled out by?