September 18, 2026
Site Selection Sets the Direction
Successful commercial real estate development begins with identifying a property that can support the right project. We look beyond the boundaries of a parcel to consider its location, accessibility, surrounding development, zoning, infrastructure, market conditions, and potential uses. In New Mexico, these factors can vary considerably between markets such as Albuquerque, Rio Rancho, Los Lunas, Las Cruces, Farmington, and other communities. Our local ownership and experience give us a practical understanding of the markets where we develop, invest, and manage commercial properties.
Understanding the Market Before Building
A property can have an excellent location and still require careful analysis before development moves forward. We evaluate the demand for the proposed property type, surrounding businesses, competing properties, tenant opportunities, and the characteristics of the market. Commercial real estate development may involve retail, office, industrial, hospitality, multifamily, or other commercial uses, and each property type requires its own considerations. Since 2011, our team has been involved in well over 1,000,000 square feet of commercial real estate, providing experience across a broad range of projects and property types.
Determining the Right Property Type
The development concept needs to match both the property and the market. Our portfolio illustrates the range of opportunities we have pursued throughout New Mexico. Our developments have included hospitality properties such as Element by Westin in Albuquerque, Courtyard by Marriott near New Mexico State University in Las Cruces, and Home2 Suites properties in Albuquerque and Alamogordo. We have also developed retail, office, industrial, and multifamily properties, demonstrating our ability to approach different commercial opportunities according to their individual requirements.
Working Through Development Requirements
Before construction can begin, a project must satisfy the requirements that apply to the property and its intended use. Zoning, entitlements, subdivision considerations, site planning, infrastructure, financing, and permitting can all affect a project’s feasibility and timeline. We bring extensive development experience to these decisions. Our principals have more than 45 years of development experience, including work involving entitlements, rezoning, subdividing, financing, equity syndication, and oversight of development teams.
Connecting Development and Investment
Commercial real estate development has to make sense beyond the initial construction plan. We consider how acquisition, development costs, financing, leasing, operations, and long-term property value relate to one another. Allen Sigmon Real Estate Group’s services extend across development, investment and partnerships, asset management, and leasing. This broader perspective allows us to consider a property not only as a development opportunity, but also as an asset that needs to perform over time.
Creating Spaces That Serve Their Users
The finished property needs to work for the people and businesses that will use it. We consider practical factors such as accessibility, visibility, parking, circulation, tenant requirements, and how a new development fits into its surrounding commercial environment. Our retail portfolio includes properties such as Venture Commerce Center, Rio West Business Park, Jefferson Business Park, Menaul Marketplace, and other commercial properties throughout New Mexico. These projects reflect our focus on creating
Moving From Plans to Construction
Once the development strategy, plans, approvals, and financial structure are established, construction transforms the concept into a functioning property. Commercial real estate development requires attention to the many decisions involved in delivering a project, from the physical improvements on the site to the building itself. Our experience across hotels, shopping centers, warehouses, office buildings, apartment complexes, residential lots, retail pad sites, and standalone retail buildings gives us an understanding of the different challenges that can arise throughout development.
Building for New Mexico’s Future
The strongest commercial real estate development projects are built around more than a construction plan. They require an understanding of the market, the property, the investment, and the people who will ultimately use the space. At Allen Sigmon Real Estate Group, we combine local ownership with extensive development and investment experience to pursue opportunities throughout New Mexico. With more than 45 years of development experience among our principals and involvement in well over 1,000,000 square feet of commercial real estate since 2011, we bring an established perspective to projects from initial opportunity through long-term ownership and management.