The New Mexico Real Estate Insider
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Here's what's happening right now around town and in the Real Estate Market in Albuquerque New Mexico and the communities that surround the Duke City....
Feb. 14, 2012
New Mexico Business Weekly by Megan Kamerick, NMBW Senior Reporter
A new documentary on the New Mexico film industry will premier Feb. 1 as part of media day at the state Legislature. It will be followed by screenings around the state, including Feb. 9 in Albuquerque at the KiMo Theatre, which will include short films by filmmakers who are featured in the documentary.
Filmmakers Brent Morris and David Jean Schweitzer created “Made in New Mexico” to highlight the players in the industry in New Mexico, and to highlight the economic impact of the film and media industry in the state. Morris moved to New Mexico from Los Angeles around 2002, when he and his wife decided to look for another place to live where there also was film production taking place.
“I had the good fortune to meet good people and start working in the industry,” said Morris, who lives in Albuquerque. “I fell in love with the landscape and the crews and then the incentives battle started heating up in earnest, so I thought it would be interesting to do a film on the industry here.”
He and Schweitzer have been working on the project off and on for about two years. The documentary includes footage of the raucous debate on the incentives that took place in Albuquerque last year. It explores the industry’s economic impact and its impact on the state’s educational institutions, many of which have implemented film training programs. It also features producers and filmmakers, owners of studio facilities in New Mexico, Native American filmmakers, state officials, students and business owners who work directly or indirectly with the business, such as Aquila Travel and Heritage Hotels and Resorts.
Video snippets of the film, which is about 51 minutes long, are available to view at the Facebook page for the project.
Among those interviewed are Stewart Lyons, producer on “Breaking Bad”; Tony Mark, producer of “The Hurt Locker”; Rick Clemente, CEO of I-25 Studios; Jason Hool, one of the owners of Santa Fe Studios; and Wayne Rauschenberger, chief of operations at Albuquerque Studios.
This year’s legislative session is shaping up to be far less contentious about the state’s film incentives, which include a 25 percent rebate on qualified New Mexico expenditures, although Rep. Dennis Kintigh, R-Roswell, has introduced legislation to kill the program, something he has done every year for the past several years, and a group of Democratic lawmakers are trying to do away with the $50 million annual cap on the incentives, which was the result of last year’s legislative battles.
Members of Gov. Susana Martinez’s administration told an industry group last fall that the governor would not seek any changes in the incentive program this year, and would veto legislation that tried to cut or curtail the incentives.
“My feeling is if we can create the right conditions here to keep outside films coming, it certainly enhances the local production scene because we can work and do other work on the side and create our own projects in the state,” Morris said. “But if the money isn’t here any more from the outside, I think a lot of people will leave.”
Morris said his “bread and butter” is his work as a line producer for feature films with budgets ranging from $1.5 million to $10 million. A supporter of local independent filmmakers, he also has done his own projects here, including a documentary on the National Institute of Flamenco.
“There’s some amazing talent here in Albuquerque,” he said. “The big challenge is to try to monetize those films and distribute them, but that’s always been the challenge.”
The filmmakers raised about $5,700 on Kickstarter to make “Made in New Mexico,” and also found several angel investors, who donated about $1,000.
The film will screen in the following cities:
- Feb. 1 at 4 p.m. CCA Cinamatheque in Santa Fe, 1050 Old Pecos Trail
- Feb. 8 at 7 p.m. at the Rio Grande Theatre in Las Cruces, 211 N. Downtown Mall
- Feb. 9 at 7 p.m. at the KiMo Theatre, with short films by filmmakers who appear in the documentary, 423 Central Ave. NW
- Feb. 10 time to be announced at University of New Mexico-Valencia campus, Arts & Sciences Building Room 101
- Feb. 12 at 7 p.m. at the Taos Center for the Arts, 133 Paseo del Pueblo
- Feb. 13 at 5 p.m. a New Mexico Highlands University Media Arts Building in Las Vegas
- Feb. 17 at 7 p.m. at the El Morro Theatre in Gallup, 110 West Aztec Ave.
- Feb 24 at 7 p.m. at Eastern New Mexico University in Ruidoso, 709 Mechem Dr.
A Farmington screening is to be announced at a later date.
Feb. 10, 2012
New Mexico Business Weekly by Rachel Sams, Associate Editor
Date: Friday, February 10, 2012, 10:21am MST
New Mexico boasts an active, growing and diverse Native filmmaking community, and it gets its turn in front of the camera in the Business Weekly’s Tribal Economic Development Focus section this week.
Senior Reporter Megan Kamerick examines some of the factors that have helped New Mexico become such active territory for Native filmmakers.
A high-profile arrival has helped New Mexico’s Native filmmaking scene garner some additional notice in recent months. Chris Eyre, recently named to head the Moving Images Department at the Santa Fe University of Art and Design, directed and produced the indie film hit “Smoke Signals” and has worked on “Law and Order” and “Friday Night Lights.”
The Sundance Institute and the Institute of American Indian Arts have programs that have helped foster Native filmmakers’ work in the state. Historically, the New Mexico Film Office programs have given a major boost to the state’s Native filmmakers. Much of that money is depleted, and the future of some of those programs is uncertain.
Despite the challenges in finding funding and audience interest that all filmmakers face — especially in a down economy — many think the Native film community in the state could be poised to grow.
Eyre, who attended film school at New York University in the 1990s when the independent film scene was taking off, said he feels that same kind of energy in the Land of Enchantment. If the Native filmmaking community is thriving anywhere, it’s in New Mexico, he said.
Jan. 30, 2012
MovieMaker ranks Albuquerque No. 3 for independent filmmakers
New Mexico Business Weekly by Megan Kamerick, NMBW Senior Reporter
Date: Monday, January 30, 2012, 2:56pm MST
The city of Albuquerque once again made the list of the Top 10 Cities to be an Independent Moviemaker, published by MovieMaker Magazine.
The city of Albuquerque once again made the list of the Top 10 Cities to be an Independent Moviemaker, published by MovieMaker Magazine.
The city is ranked No. 3 for 2011 after New Orleans and Austin. Last year, Albuquerque was in the No. 2 spot behind Boston in 2010, and was in the No. 1 spot in 2009.
The rankings considered a number of factors, including the cost of living, average income levels, housing rates, employment opportunities and overall quality of life. The trade publication also looks at financial incentives, the availability of talent (in front of and behind the camera) and the ease of shooting.
Mayor Richard J. Berry said the industry spent $130 million in the greater Albuquerque area in 2011.
“These productions kept New Mexican film crews working and local establishments busy,” Berry said in a news release. “This national ranking is a real testament to the hard work put into developing the film industry in Albuquerque.”
MovieMaker noted a number of recent films shot here, including “Due Date” and “Fright Night.” Currently, the city has been playing host to “The Last Stand,” starring Arnold Schwarzenegger. Crews were busy last week in Downtown, setting up a shot that involved a zip line between office buildings and a crane that hoisted a car onto a building. “The Lone Ranger” is in pre-production at Albuquerque Studios. The cable television series “In Plain Sight” is filming its fifth and final season here, and “Breaking Bad” will begin shooting its fifth season here as well.
The article quotes Ann Lerner, the city’s film liaison, touting the city’s film-friendly attitude, experienced crew base and variety of looks for different locations. It also quotes filmmaker Craig Butler, who made “The Righteous and the Wicked,” a low-budget indie film.
“New Mexico is a fantastic state to shoot in,” Butler is quoted as saying. “It has created incentives and numerous production resources, such as a prop/costume warehouse filled with things left behind by past productions, and entire Old West towns that have been preserved as film locations. The Albuquerque Film Office is amazing and local businesses are film-friendly. The independent filmmaker couldn’t ask for a better place to work.”
The article characterizes New Mexico’s incentives as “tax breaks you can literally take to the bank,” such as the 25 percent tax rebate, the 50 percent reimbursement on wages for training up state residents and the state’s film loan program, although it calls it a film investment loan program.
The State Investment Council actually did away with the old film investment program, whereby the state invested in films in lieu of charging interest, and the film loan program is now a straightforward interest-bearing loan, said Charles Wollmann, spokesman for the SIC. Only two films out of 24 that participated in the old program yielded profits for the state, “Employee of the Month,” which brought about $500,000, and “The Book of Eli,” which has returned $540,000 so far.
New Mexico was one the first states to create a film incentive program, which allowed it to get a jump on building education programs, a crew base and infrastructure, such as studio facilities, say industry experts. But many states have since followed suit or beefed up their programs. Louisiana has been garnering significant business, with a 30 percent investor tax credit based on total in-state expenditures. Apparently it has also scored the valuable post-production facilities that many in New Mexico would like to see here, since post (the editing and everything else that takes place after principal photography) is often at least half of a film’s budget. MovieMaker notes that FotoKem, the world’s largest independently owned post-production facility, recently opened a satellite office in New Orleans.
It looks like New Mexico’s neighbor, Colorado, is eying upping its own incentive program this year. The state has a “modest” incentive program, reports the Pueblo Chieftain, and now Rep. Tom Massey, R-Poncha Springs, has the support of Gov. John Hickenlooper to try to expand it by about $3 million.
Jan. 25, 2012
Wells Fargo Completes Equity Financing for 53.5 MW Solar Project in New Mexico
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE:WFC) announced today that equity financing is complete for a 53.5 megawatt (MW) multi-site solar project in New Mexico. The 53.5MW solar project, one of largest photovoltaic solar power projects in the U.S., was fully activated in December.
The multi-site solar project was made possible through a power purchase agreement between SunEdison and Southwestern Public Service Company which was previously announced in September. Wells Fargo provided the construction and permanent equity financing, which marked the company’s largest renewable energy construction loan to date. Since 2006, Wells Fargo has invested more than $2.7 billion in renewable energy projects.
The energy generated from the solar farms is sold to Southwestern Public Service Co., a subsidiary of Xcel Energy, Inc., supporting the utility’s compliance with New Mexico's renewable portfolio standard. The solar farms are expected to produce more than 1.9 million megawatt-hours of electricity over the next 20 years, enough to power over 8,000 average U.S. homes per year, while the environmental attributes associated with the solar farms are expected to offset more than 2.9 billion pounds of carbon dioxide emissions over the next 20 years.
Jan. 18, 2012
Albuquerque is well known for having lots of hiking and biking trails. More recently, skate parks have appeared around the Duke City. Now you can look forward to great fun at these coming events.
Albuquerque hosts USA Roller Sports National Championships
New Mexico Business Weekly
Date: Friday, January 13, 2012, 9:21am MST
Strap on your roller skates. Albuquerque will host the USA Roller Sports National Championships in 2013 and 2015.
Each event is expected to draw about 8,500 competitive athletes, families and coaches who are anticipated to generate 17,150 hotel room nights. That could result in an estimated direct spend of nearly $9.7 million in both2013 and 2015, according to the Albuquerque Convention & Visitors Bureau.
The event will last three weeks in each of those years and will take place at the Albuquerque Convention Center . It will encompass inline speed skating events and roller figure skating competitions. Competition divisions range from youth through masters level competition by individuals in their 70s.
The ACVB and the Convention Center partnered with the city of Albuquerque and the New Mexico Tourism Department, as well as area hotels and other facilities to bring the championships here.
Jan. 12, 2012
I-25 Studios adds picture car facility
Via New Mexico Business Weekly by Megan Kamerick, NMBW Senior Reporter
I-25 Studios has added a picture car facility to the complex, which will give productions the ability to create custom vehicles for films and television shows.
I-25 hosts “In Plain Sight,” which is shooting its fifth season here. The USA Network show is set in Albuquerque and focuses on the federal witness protection program. CEO Rick Clemente said he hopes to make an announcement soon about a new feature film that will use the facility.
The studio has allotted 13,000 square feet of workspace for the picture car facility. It’s outfitted with a lift, tubing benders, plasma cutters and welding gear.
“We can accommodate any special effects prep a production would need, including the installation of roll cages, fire proof fuel cells, and access to a nearby custom paint and body facility,” Clemente said.
The Studios recently provided custom off-road enhancements for a vehicle entered in the London to Cape Town Rally, which takes place this month.
The half-million-square-foot I-25 Studios is housed in the former Philips Semiconductor plant at 9201 Pan American Freeway NE. It has six sound stages, office space and two mills. It recently added a camera rental department.
Jan. 9, 2012
Via the New Mexico Bussiness Daily
Albuquerque kicks off Centennial celebration at Alvarado
New Mexico Business Weekly by Megan Kamerick, NMBW Senior Reporter
Date: Friday, January 6, 2012, 2:52pm MST
Albuquerque kicked off its celebration of 100 years of New Mexico’s statehood with honking horns, a locomotive whistle, a brass band, cake and a new exhibit on the historic Alvarado Hotel at the Alvarado Transportation Center Friday.
“A hundred years ago, President Taft signed New Mexico into statehood with the words ‘I am glad to give you life and I trust that you will be healthy,’” said Mayor Richard J. Berry. “A century later, New Mexico is healthy, vibrant and helping lead the United States through the 21st century.”
As Albuquerque resident Emma Stone, 10, cut the ribbon on the Alvarado exhibit, the New Mexico Territorial Brass Band played vintage songs such as “Take Me Out To The Ballgame” and “O Fair New Mexico.” City officials mingled with railroad enthusiasts, commuters and local residents while a few homeless people watched from the sidelines. Several large golden sheet cakes bearing the state’s zia symbol were sliced up and served.
When President William Howard Taft signed New Mexico into statehood, it was a surprise, said Bruce Rizzieri, director of ABQ Ride. It came a few days earlier than anticipated, so there wasn’t much fanfare the day it happened, he said.
“On the 100th anniversary of New Mexico’s statehood, we want to give the day the fanfare it should have gotten,” Rizzieri added.
The new Alvarado exhibit celebrates the history of the Fred Harvey Hotel, which opened in 1902 and was demolished in 1970. The 25 panels on the outer walls of the Alvarado Transportation Center, designed to evoke the old Alvarado, are a combination of narrative history, quotes from those who worked and stayed there, and photographs and images of the Indian Building and the Spanish Building, which celebrated the history and craftsmanship of the state’s residents.
The city’s transit department worked with the Cultural Services Department to create the exhibit, which drew upon an exhibit mounted in 2009 at the Albuquerque Museum of Art and History.
Rizzieri said it will give residents and visitors an opportunity to learn more about the city and its history.
“It gives a sense of who we are and who we have been,” he said.
Jan. 5, 2012
New Mexico Business reports that the University of New Mexico Board of Regents has selected UNM alum Robert G. Frank as the school’s 21st president. The official announcement was made by the university at a news conference Wednesday morning.
Frank, 59, will succeed David J. Schmidly, who announced in April 2011 that he would step down after five years as president.
Frank will assume the presidency in June. He was selected after a six-month search by a 29-member committee that included regents, faculty, students, staff and alumni. UNM Board of Regents President Jack Fortner chaired the search committee.
“The university community looks forward to Frank’s arrival on campus this summer,” Fortner said in a prepared statement. “Frank emerged from a field of candidates as the best person to lead UNM to new heights of academic excellence,” Fortner added. “I am confident that with his passion for education and experience, fostering cutting edge interdisciplinary teaching and research, that he’s a great match for UNM.”
Frank has been the provost and senior vice president of academic affairs at Kent State University since July 2007. Prior to holding that position, he was the dean of the college of public health and health professions at the University of Florida.
Frank is a graduate of Mayfield High School in Las Cruces. He earned three degrees from UNM. He graduated magna cum laude with a degree in science in 1974, earned a master’s degree in psychology in 1977 and a Ph.D. in clinical psychology in 1979.
Tim Ross, faculty senate president and member of the presidential search committee, said Frank is a Lobo with roots in New Mexico.
“He has the savvy to run a complex university,” Ross said. “We look forward to working with him.”
Frank said his appointment at UNM is “the most exciting opportunity I can imagine.”
Frank, his wife Janet, and their dogs Lobo and Bailey will reside at University House, which is the president’s residence, on campus.
Jan. 3, 2012
New Mexico is celebrating 100 years of statehood on January 6, 2012. There are several events and partis to commemorate the even and we will showcase some of them here. In the meantime, this is the official party!
Grand Centennial Ball Celebration
The Grand Centennial Ball will take place on Statehood Day, January 6, 2012 at the Santa Fe Convention Center. At this once-in-a-lifetime, black tie ball you can “Take a Step Back in Time for the Future of New Mexico.” All proceeds from the ball will help establish the Centennial Children’s Legacy Fund.
The Centennial Children’s Legacy Fund is an initiative of the New Mexico Centennial Foundation, created to live beyond 2012 in service to children statewide. The Fund will be managed by a New Mexico-based foundation in perpetuity, and accessible to charitable organizations working to enhance the education and welfare of New Mexico’s children.
For more information www.nmcentennial.org
Dec. 28, 2011
If you want interesting company, New Mexico is the place to live! Some famous people who were born here or spent significant time here include:
R C Gorman, Georgia O'Keefe- artists
Al Unser, Al Unser, Jr, Bobby Unser the race car family (Unser museum is a great stop for those interested in racing history
Brian Erlacher, Chicago Bears -- went to college at UNM
Bart Prince, Anton Predock Architects
Ralph Bunche Nobel Peace Prize Winner
DH Lawrence, Rudolfo Anaya, Ernie Pyle, Tony Hillerman, John Nichols- authors - and Jeff Bezos, founder of Amazon.com was born in Albuquerque
Nancy Lopez, professional golfer
And given that New Mexico now ranks with Los Angeles and New York as a desireable place for filmaking:
Val Kilmer, Dennis Weaver, Shirley MacLaine, Neil Patrick Harris
And that's just to name a few!