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• NEW!!  The latest addition to the Central Business District (City Center)is a 77,000 square foot office and retail building of which the City of Rio Rancho will occupy 10,000 square feet. The building is expected to be complete by first quarter of 2008 or within 6-9 months of it being 60 percent leased. The remainder of the office building will be available for lease at a cost of $18 per square foot with triple net charges estimated at $6.00 per square foot. To view a rendering of the building and learn more about CBD, CLICK HERE.

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• NEW!! The 2007 list of New and Expanding Companies in Rio Rancho is as follows:

• ACCRA Cost of Living Index Update - In the 1st Quarter of 2007, Rio Rancho's cost of living index was below the national base of 100, scoring at 93.1.

• Update !! Under a much-publicized memorandum of understanding in August 2007, UNM and CNM, the State’s two largest postsecondary institutions, agreed to pool their resources and work together to establish a higher education campus in the City of Rio Rancho. Such a partnership will combine the best of both institutions at one Rio Rancho campus, conveniently located near the City's Central Business District. The partnership will unite the services of a nationally renowned research university with the expansive educational and workforce training capabilities of the state’s most comprehensive community college.

• On the Lookout !! Fresenius Medical Care will anchor the 56,600 SF medical portion of the new Enchanted Hills Professional Center in northern Rio Rancho, which will encompass almost 100,000 SF of space upon completion. Fresenius Medical Care is a national leader in kidney dialysis. The project has broken ground and the medical plaza is expected to open in September 2007.

• On the Lookout !! Rio Rancho's new City Hall opened August 2007 in the emerging Central Business District.

Upcoming Events

• 2008 Tradeshows and Industry Events with RREDC attendance: (NOTE: click on RREDC staff member's name below to set up an appointment by e-mail)

                                               For a map and directions to the Santa Ana Star Center, CLICK HERE.

For a map to Chamisa Hills Country Club, CLICK HERE.

                                To view slide shows presented at previous RREDC meetings, CLICK HERE.

Business Climate Rankings

Albuquerque Metro Ranked 3rd in 10 Best Places to Own Real Estate, Money Magazine, January 2007

Albuquerque Metro Ranked 3rd Smartest City to Live, Kiplinger's Personal Finance, May 2006

Albuquerque Area Named a Five-Star Knowledge Worker Metro, Expansion Management, May 2006

Albuquerque One of the Top Metros in U.S. Overall for Public Schools, Expansion Management, May 2006

Albuquerque Ranked 8th Mid-Size Metro in Nation for Top Public Schools, Expansion Management, May 2006

New Mexico Has Sixth Highest Concentration of Tech Workers in the Nation, American Electronics Association, April 2006

New Mexico 6th in Generation of Wind Power, American Wind Energy Association, March 2006

Albuquerque Metro Ranked on Milken List of Top 200 Best Performing Cities, Milken Institute, March 2006

USA Today Picks Albuquerque Metro as One of the Top 6 Destinations to Travel for 2006, USA Today, January 2006

Albuquerque Named as the 13th Fittest City in Nation, Men's Fitness, January 2006

Yahoo! Names Albuquerque Among Cities With Good Work and Life Balance, Yahoo!, October 2005

Albuquerque Area Featured as Best Community for Young People, Newsweek, October 2005

Albuquerque Metro Named 5th Best Real Estate Market and 4th Lowest City for Purchase Costs, Expansion Management, August 2005