ALBUQUERQUE, NM—The troubled Anasazi high-rise building in Downtown Albuquerque is out of bankruptcy and has a new developer.
Dayna Gardner, director of communications for Albuquerque Mayor Richard Berry, told Albuquerque Business First that the property emerged from bankruptcy earlier this month, and the new developer is PEM Real Estate Group of Scottsdale, AR. The publication also obtained a copy of the quitclaim deed detailing the transfer of the real estate to PEM from Anasazi Downtown LLC.
“It's out of bankruptcy and [PEM] will be remodeling it and putting a new skin on the building,” Gardner said.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
