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Commercial real estate in Albuquerque bouncing back from COVID-19


Commercial real estate in Albuquerque bouncing back from COVID-19
© Provided by KOAT Albuquerque
commercial real estate in albuquerque bouncing back from covid-19
The Albuquerque housing market continues to reach new heights, but when it comes to commercial real estate – some properties are booming, and some ended up a pandemic bust.
Doug Peterson owns a company that operates 52 properties in New Mexico and said some tenants made it, and some tenants did not. Those hit hardest were well-known businesses. Sign up for our Newsletters
“The most severely restricted are bars and restaurants that have alcohol gathering focus,” Peterson said.
Just this month, the state lifted all of the COVID restrictions, too late for some shops, but maybe just in time for others. ....

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New Mexico: Commercial real estate bouncing back from COVID-19


By Jaden Torres
The Albuquerque housing market continues to reach new heights, but when it comes to commercial real estate – some properties are booming, and some ended up a pandemic bust. Doug Peterson owns a company that operates 52 properties in New Mexico and said some tenants made it, and some tenants did not. Those hit hardest were well-known businesses. “The most severely restricted are bars and restaurants that have alcohol gathering focus,” Peterson said. Just this month, the state lifted all of the COVID restrictions, too late for some shops, but maybe just in time for others.“The commercial real estate market fell off a cliff,” Tom Jenkins with the Albuquerque Chamber of Commerce said.Jenkins is referring to mid-2020 and early 2021. Both Peterson and Jenkins said the Albuquerque area just started recovering from the recession from nearly a decade ago when COVID-19 killed the commercial market.“It really depended on the sector obviously in the ....

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Hiring fair at Civic Plaza hopes to help ABQ's economy rebound


Diana Castillo
Created: May 27, 2021 10:32 AM
ALBUQUERQUE N.M. – With more than 80 employers, Civic Plaza is the place to be Thursday morning if you re looking for a job.
“The City of Albuquerque Economic Development Department is partnering with the Albuquerque Hispano Chamber of Commerce and the Albuquerque Chamber of Commerce to host reHIRE ABQ. This is really to kick off the opening of our economy as we emerge from the pandemic,” said Mark Zientek, the workforce liaison for the city s Economic Development Department.
From cooks to teachers, different industries will be present at the job fair. Some employers will interview and hire on the spot. ....

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Republican lawmakers ask governor to offer $1,200 return-to-work bonuses


Created: May 20, 2021 09:03 PM
ALBUQUERQUE, N.M.- As many states, including New Mexico, are dealing with a high unemployment rate, some states are looking at innovative ways to get people back to work.
Four states are paying people to get and keep a job.
Arizona, which is run by a Republican governor, announced that it will use federal money to pay people $2,000 to keep a full-time job for at least 10 weeks.
Connecticut s Democratic governor announced the state will give $1,000 to 10,000 people after they complete two months at a new job.
Oklahoma and Montana are also offering bonuses to people who begin working. ....

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