Construction boom visible with hotels and stores planned
A long list shows multiple developments in progress or planned. Masonic Lodge at 2503 W College Blvd begins ground break for a 4900 square foot southwest style building. Holiday Inn Hotel & Conference Center, Red Brick Pizza at 625 N Main, and Comfort Suites at 3610 N Main are in due diligence or near completion with summer closings. New gas station by Murphy Express near North Main aims to serve travelers and locals alongside Primm Drug at 700 N Union Ave with a 4000 square foot structure and lab. Blounts Firearms 1200 N Virginia Ave adds a 2400 square foot store with landscape underway. Rhoads Plumbing 605 N Virginia Ave builds a 12000 square foot warehouse in phased development. Marriott TownePlace Suites at East 19th Street progresses toward one year build, and other projects near Walgreens and Hastings. Permits show 21 new residences and 2 new commercial sites.
MENTIONED IN THIS ARTICLE
Masonic Lodge
W. College Blvd
Murphy Express Gas Station
Main Street
All About
Spas
Holiday Inn
Holiday Inn Hotel & Conference
North Main Street
All About Spas
Red Brick Pizza
N. Main St
Burger King
North
Walgreens
Hastings
Primm Drug
Union Ave
Blount's Firearms
Virginia Ave
Comfort Suites
Hampton Inn
Marriott Towneplace
la Quinta
East 19Th Street
Mortgage rates sink to lowest since 1950s amid economy worries
Freddie Mac reported 30 year fixed rates at 4.69 percent the lowest since the 1950s. Fifteen year fixed and five year adjustable rates also set new lows as investors buy Treasuries amid Europe’s debt crisis. The drop contrasts with weak home sales and refinancing limits for many owners.
MENTIONED IN THIS ARTICLE
Washington
Freddie Mac
Greg McBride
Bankrate.com
Europe
Treasury
Mortgage Bankers Association
Michael Fratantoni
Fratantoni
Obama
Fannie Mae
Nevada
Florida
Chris Brown
Trinity Mortgage Co
Orlando
Fla
First American Bank assumes deposits of High Desert State Bank
Albuquerque based High Desert State Bank failed and was closed by the New Mexico FID. The FDIC arranged a purchase and assumption with First American Bank Artesia to take all deposits and most assets. High Desert had about 80.3 million in assets and 81.0 million in deposits. The two branches reopen as First American Bank branches while keeping FDIC insured deposits.
MENTIONED IN THIS ARTICLE
High Desert State Bank
First American
Albuquerque
New Mexico Financial Institutions Division
Federal Deposit Insurance Corporation
FDIC
First American Bank
Artesia
First
Charter Bank
Santa Fe
Mar-Y-Sol Celebrates First Year Anniversary
Mar Y Sol at 1209 W Second St marks its first anniversary with free T shirts and drinks. Owners Maria Sanchez and Freddy Aguilar took over Oct 5 from former owners, continuing the same recipes and cook. The restaurant serves Mexican and American fares including seafood with homemade style. Dora the Explorer and Diego offered balloons and ice cream to kids as piñatas provided candy and prizes.
MENTIONED IN THIS ARTICLE
Second St
Dora the Explorer
Diego
Maria Sanchez
Freddy Aguilar
PSM Holdings to Acquire CBB Inc in LOI Agreement
PSM Holdings Inc a Southwest mortgage broker signs a letter of intent to acquire Oklahoma based CBB Inc a regional mortgage banking firm under which CBB shareholders receive about 70 percent of PSMH stock and CBB becomes a PSMH subsidiary. Board to be reshaped with Ron Hanna Jeffrey Smith CBB principals and a CBB designee. Closing expected in July.
MENTIONED IN THIS ARTICLE
PSM Holdings Inc
Southwest
CBB Inc
CBB
PSMH
Ron Hanna
Jeffrey Smith
Cattle Sheep Producers to Meet at Inn of the Mountain Gods
The New Mexico Cattle Growers Association New Mexico Wool Growers Inc and New Mexico CowBelles will hold summer meetings June 27 to 29 at Inn of the Mountain Gods near Ruidoso. Attendees will hear on farm policy disease control and water rights issues plus a candidates forum and awards dinner.
MENTIONED IN THIS ARTICLE
Inn of the Mountain Gods
New Mexico Cattle Growers Association
New Mexico Wool Growers Inc
New Mexico CowBelles
Ruidoso
Bert Ancell
NMCGA
Bell Ranch
New Mexico
Karen Kelling
NMCB
Cuervo
Bud Eppers
Les Davis
CowBelles
NMWGI
Also Mentioned on This Page
Michael Vickers
Michael
Chamber of Commerce
Mark Wilson Photo
Sonia Phillips
Randi Hurst
Roswell
Mar-Y-Sol
Sanchez
Samantha Clovis
Jim Cooper
Arabela
Natural Resources Committee
Esteban Lopez
Interstate Streams Commission
ISC
Intel
Rio Grande
Interim Water and Natural Resources Legislative Committee
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