VA hos­pi­tal to re­ceive en­ergy-sav­ing up­grades

Albuquerque Journal - - BUSINESS OUTLOOK - Steve Si­novic

The Ray­mond G. Mur­phy VA Med­i­cal Cen­ter in Al­bu­querque and the El Paso VA Health Care Sys­tem will re­ceive al­most $22 mil­lion in up­grades through an en­ergy sav­ings per­for­mance con­tract with NORESCO, which is part of a United Tech­nolo­gies Corp. unit. The Al­bu­querque por­tion of the project is $6.3 mil­lion, and ad­dresses de­fi­cien­cies in air han­dling units, chiller plant and chilled wa­ter sys­tems, as well as build­ing au­to­ma­tion con­trols, ac­cord­ing to NORESCO.

The con­tract will re­sult in more than $33.8 mil­lion in sav­ings and lead to as much as a 70 per­cent re­duc­tion in heat­ing costs be­tween the two sites.

Hos­pi­tal­ity em­pire

Got a han­ker­ing to in­vest in the lodg­ing in­dus­try?

LoopNet cur­rently has an of­fer­ing on its web­site con­sist­ing of six econ­omy-lim­ited ser­vice ho­tels and mo­tels in Al­bu­querque for sale. The price tag: $17.5 mil­lion. The six es­tab­lish­ments have a to­tal of 700 rooms. The brands in­clude Su­per 8, Days Inn, TraveLodge and EconoLodge. The own­ers, who were not named, are ask­ing $25,107 per key. The LoopNet list­ing said the port­fo­lio can be sep­a­rated for sale.

The list­ing says all the prop­er­ties are well-main­tained and well-man­aged, close to Down­town Al­bu­querque, and vis­i­ble from the I-25 and I-40 free­ways.

RANM names new leader

Vic­to­ria Mur­phy, as­so­ciate bro­ker of Sotheby’s In­ter­na­tional Re­alty in Santa Fe, has be­gun her term as 2017 pres­i­dent of the Real­tors As­so­ci­a­tion of New Mex­ico.

Mur­phy at­tended New Mex­ico State Univer­sity and was the op­er­a­tions di­rec­tor for sev­eral re­tail com­pa­nies prior to earn­ing her real estate li­cense in 2005. As RANM pres­i­dent in 2017, she will rep­re­sent New Mex­ico on the Na­tional As­so­ci­a­tion of Real­tors board of di­rec­tors.

The 2017 RANM ex­ec­u­tive com­mit­tee mem­bers in­clude Pres­i­dent-elect Con­nie Het­tinga, Las Cruces; Trea­surer Paul Wil­son, Al­bu­querque; Im­me­di­ate Past Pres­i­dent Pa­tri­cia Fell, Sil­ver City; Cen­tral Dis­trict Vice Pres­i­dent Todd Clarke, Al­bu­querque; North­east Dis­trict Vice Pres­i­dent Paul Romero, Taos; North­west Dis­trict Vice Pres­i­dent Ben Lyons, Farm­ing­ton; South­west Dis­trict Vice Pres­i­dent James Russ II, Rui­doso; South­east Dis­trict Vice Pres­i­dent Bill Davis, Roswell; and Sec­re­tary/CEO M. Steven Anaya, RANM in Santa Fe.

RANM is one of the state’s largest trade as­so­ci­a­tions, rep­re­sent­ing over 6,000 mem­bers in­volved in all as­pects of the res­i­den­tial and com­mer­cial real estate mar­ket.

Tru­lia’s top ten

Tru­lia has com­piled a list of the top 10 real estate mar­kets poised for growth in 2017 based on five key met­rics, in­clud­ing high af­ford­abil­ity, strong job growth, low va­cancy rates, home searches on Tru­lia and, be­cause of the 2016 elec­tion out­come, a big pop­u­la­tion of Repub­li­cans. Not too sur­pris­ingly, Florida dom­i­nated the list.

The on­line res­i­den­tial real estate site for home buy­ers, sell­ers, renters and real estate pro­fes­sion­als in the U.S. says these are the hot mar­kets: 1. Jack­sonville, Fla. 2. Cape Coral-Fort Mey­ers, Fla. 3. Del­tona-Daytona-Or­mond Beach, Fla. 4. Grand Rapids, Mich. 5. Tampa-St. Peters­burg, Fla. 6. Colorado Springs, Colo. 7. Charleston, S.C. 8. San An­to­nio, Texas 9. Phoenix, Ariz. 10. Sara­sota-Braden­ton, Fla.

Parental palace

In 2015, the per­cent­age of those 18 to 34 liv­ing with their par­ents was 39.5 per­cent, the high­est level since 1940, when it was 40.9 per­cent, ac­cord­ing to Elliott Eisen­berg, the “laughs and graphs” econ­o­mist, who re­cently keynoted a real estate out­look pro­gram in Al­bu­querque. Of course, 1940 was one year re­moved from the end of the De­pres­sion. The rate then fell to an all-time low of 24.1 per­cent in 1960 and has slowly risen since, with a re­cent big run-up. The rise is prob­a­bly due to ris­ing rents and lim­ited credit, Eisen­berg said.


The Ray­mond G. Mur­phy VA Med­i­cal Cen­ter will share al­most $22 mil­lion in up­grades with the El Paso VA Health Care Sys­tem.

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