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Featured in Albuquerque Business First on October 24, 2024.
SimonCRE purchased Cottonwood Corners at 3741 Ellison Road NW from Gibson-Cottonwood LLC, et al, according to the Bernalillo County Assessor’s Office. SimonCRE CEO and Founder Joshua Simon declined to disclose the purchase cost.
SimonCRE hasn’t had a presence in the Albuquerque area since before the Covid-19 pandemic. A property in Las Cruces is SimonCRE’s only other presence in the state, Simon said.
Increases in retail crime pushed the development group out of the Albuquerque area, Simon said, but added New Mexico House Bill 234 and Bernalillo County District Attorney Sam Bregman’s recent efforts to combat the issue made them decide to return to the Duke City.
