Daly says economy has changed, but Mesa del Sol won't
By Damon Scott and Dennis Domrzalski,
Albuquerque Business First Reporters
A slew of local officials welcomed a changing of the guard at Mesa del Sol Tuesday afternoon, and they said they were confident the 13,000-acre master planned community would move forward.
Cleveland-based Forest City Enterprises Inc. announced Tuesday that it is selling its stake in the residential and commercial development in south Albuquerque to Covington Capital and Daly Real Estate Investments LLC. Word of the deal had begun circling in the local economic development community in recent days.
Daly Real Estate Investments Managing Partner Mike Daly, who has been involved in the project with Forest City since its inception, said he and Covington would not divert from the development’s original master plan, which is to bring businesses to the project as well as homes.
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