Matthew Reichbach
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Articles by Matthew Reichbach
Dr. Steve McLaughlin named CEO of UNM Hospital, first physician to lead facility
Dr. Steve McLaughlin takes over Dec. 6, succeeding Kate Becker. He plans to continue seeing patients while leading the state's only level 1 trauma center.
$700k Costco alteration among $2.68M in commercial permits in weekly review
The largest permit was for new construction at 301 Eubank Blvd. SE. The city also approved work at a Costco location.
Two New Mexico tourism professionals join state Hall of Fame Original
Tom Garrity has served as media director for the Albuquerque International Balloon Fiesta for 24 events. Katie Olivey helped develop the "New Mexico True" branding.
Albuquerque space tech firm demonstrates on-orbit Wi-Fi in NASA mission
The company collected more than 2,300 files from a NASA CubeSat through an experimental relay link. The platform aims to provide continuous connectivity to spacecraft.
Bohannan Huston transitions to employee ownership model
President and CEO Bruce Stidworthy said the decision came after more than a year of research. The company's 401(k) plan will remain in place.
American Home and Furniture to liquidate after bankruptcy dismissal
CEO Kenton Van Harten said the company explored every recovery path but was unable to secure necessary financing. The retailer was founded in 1936.
RT Electric celebrates 50 years in business, looks to the future Original
The company shifted from residential to commercial work and now handles projects including airports and rail facilities. The CEO is evaluating ownership options.
Former Los Alamos scientist brings robotics firm to Nambé Pueblo
The company joins AI and robotics to aid materials manufacturing. Founder Saryu Fensin, Ph.D., previously worked at Los Alamos National Laboratory.
Fire station leads $2.84M in weekly commercial building permits
Franken Construction pulled the commercial building permit for the $1.55 million city project.
Santa Fe Innovation Hub to add 85,000 square feet of flex industrial space
The Santa Fe Midtown campus will add flex industrial space with construction starting in early 2027. The space is being pre-leased.
Mesa Quantum raises $11.8M to scale quantum sensor manufacturing in Albuquerque
A recent $11.8 million funding round will support efforts to bring electronics assembly in-house as Mesa Quantum scales miniaturized sensor technology.
Sunport climbs in USA Today airport art rankings after installing new TSA mural
The airport moved up from runner-up in last year's rankings. A new mural debuted in September.
Inside Project Jupiter: Construction of hyperscale data center continues
Oracle, Bloom Energy and Stack Infrastructure hosted media at the construction site. The companies discussed hiring, economic impact and a closed loop water system.
Wolf & Mermaid scales from farmer's markets to federal cafeteria contract as workforce grows
The contract covers cafeterias and food trucks at the facility. Los Alamos National Laboratory spent over $380 million with local small businesses last year.
The Picklr files for Chapter 11 bankruptcy, company says local business not immediately impacted
Leadership cited unsustainable lease obligations at the holding company level for the move. A local manager said Albuquerque club operations currently remain unaffected.
Santa Fe leads regional commercial activity as hotel renovation tops recent building permits
A $5 million renovation at 224 E. Palace Ave. leads commercial activity as Santa Fe and Albuquerque report $17.02 million in new permits.
New Mexico selects firm for State Fairgrounds master plan, anchor developer next
Hartman + Majewski Design Group will lead planning for the International District project. The site is expected to support 940 jobs over three decades.
Longtime contractor named Balloon Museum Foundation director amid multimillion-dollar project
The Anderson Abruzzo International Balloon Museum Foundation has named its permanent leader as construction begins on a multimillion-dollar interactive experience for children.
Fujitsu, New Mexico sign agreement for quantum research center after 18-month recruitment effort
State leaders say the partnership builds on existing ties at New Mexico State University and recent multimillion-dollar investments in an Albuquerque quantum campus.
EquipmentShare targets Las Cruces: New facility to anchor Innovation & Industrial Park
Economic development officials worked for two years to secure the deal. The site will provide rental equipment and proprietary fleet management technology.
Poll shows New Mexico residents reject large-scale data center development
A survey shows residents favor a moratorium on large-scale facilities as construction continues on the Oracle and OpenAI project in Doña Ana County.
New Mexico legislators hear proposal for state-owned community bank
Supporters say the bank would complement existing lenders and reduce risk. Critics suggested a guaranteed loan program instead.
New Mexico State Fair hits 521,000 in attendance amid $114M fairgrounds redevelopment
The 11-day fair ran Sept. 10-20 and included concerts, rodeos and other attractions. Officials highlighted affordability efforts including flash sales and a $1 entry day.
Santa Fe ranks third on Condé Nast Traveler's list of best small U.S. cities
Nearly 800,000 voters weighed in on the rankings. The city's art galleries and historic buildings drew praise from readers.
New Mexico certifies Middle Rio Grande economic development group
Preview this article 1 min Middle Rio Grande Economic Development Association joins 13 other organizations with the state designation. The certification strengthens the nonprofit's ability to advocate for the region and pursue new opportunities. Business of the Borderplex 3.0 Explore the future of the Borderplex region at our networking lunch, featuring a panel of industry leaders discussing cross-border collaboration, emerging industries, and workforce development.
Fiore Industries sold after 36 years as founder hits $60M annual sales milestone
Diversified Protection Corporation acquired the security firm in March. Miera continues as a part-time consultant while pursuing hobbies like restoring classic cars.
Solar projects at city facilities lead $6.17M in commercial permits in Albuquerque
The two largest permits went to solar projects at city-owned properties, including a $4.35 million project at the Emergency Operations Center.
New Mexico Tech leverages ties to Sandia, Los Alamos to build workforce pipeline
The university has close ties to Sandia National Laboratories and Los Alamos National Laboratory. Every engineering program includes at least one person from the labs on their boards.
Sandia National Laboratories lands honors on three Forbes employer lists
Sandia Labs ranked among 700 large employers and 600 companies for culture. The surveys included data from the previous three years.
Santa Fe-based BabyQuip expands through national Airbnb partnership
The Santa Fe company generated almost $7 million in revenue on about 120,000 orders in 2025. Airbnb guests will receive a 10% discount on orders.
Aerospace firm cuts 242 jobs after losing federal contract
The layoffs follow the end of a five-year NASA contract at White Sands Test Facility. A new contractor received the award from the Department of Defense.
Pajarito Powder scales up fuel cell catalyst production fourfold in Albuquerque
The New Mexico-based startup is in talks with a major automotive customer for a long-term supply contract.
New Mexico ski town adds year-round air service as winter tourism season approaches
Flights from Dallas, Austin and Carlsbad, California will operate during winter ski season and return for summer, with a new terminal opening this fall.
Quantum startups move into new Albuquerque facility as state pushes industry growth
Companies from Australia, Israel, Japan and Korea have inquired about space at the nearly 35,000-square-foot facility that opened Tuesday.
Eden Radioisotopes secures state funding for facility producing cancer treatment isotopes
Eden Radioisotopes will create 205 jobs statewide, with 146 of those positions in Lea County. The technology is based on research from Sandia National Laboratories.
Residential permits dwarf commercial activity with $7.9M across two cities
The larger commercial project is a 5,000-square-foot new construction across from the State Fairgrounds.
Albuquerque family turns pandemic project into business building remote control balloons
The family-owned startup builds remote-controlled versions of hot air balloons for private and corporate clients including Walmart and Coca-Cola.
New Mexico native Doug Campbell to lead Bifrost as it prepares commercial rollout
Doug Campbell will help the company with its buildout at the Elevate Quantum campus. Bifrost expects to begin commercial rollout of its Heimdall Amplifier before the end of 2026.
Balloon Fiesta travel surge: Sunport projects 165k passengers, up from last year
The Albuquerque International Sunport expects about 165,000 travelers during the nine-day event. That increase comes despite an overall dip in air travel this year.
WestStar Bank merges with Southwest Capital Bank in latest regional consolidation
The combined bank will have about $3.8 billion in assets and more than 400 employees across 20 branches. The deal is expected to close in the first quarter of 2027.
Century Bank CEO: Acquisition by Bank7 will preserve brand, expand lending capabilities
Exclusive interview: Century Bank CEO Max Myers says Bank7's acquisition will benefit both institutions by combining their strengths.
Samsung C&T invests $100M in Kairos Power's nuclear reactor technology
The funds will support the Hermes 2 Demonstration Plant in Tennessee. Kairos will build reactor modules at its Albuquerque facility.
City issues $6.67M in commercial permits, led by $2.5M Menaul shopping center project
The largest permit went to a 4,889-square-foot project at the planned Shops at Carlisle and Menaul development. Two permits exceeded $1 million.
Oklahoma's Bank7 to buy Santa Fe-based Century Bank in $137.3M deal
The deal includes $70 million in cash plus shares and is expected to close in the fourth quarter. The combined organization will have about $3.3 billion in total assets.
Albuquerque firm Verus Research names first-ever president
Daniel Treibel will take over as CEO Grady Patterson deploys with the Air Force Reserves. Patterson will join parent company Radiance Technologies when he returns.
Behind the numbers: How New Mexico uses incentives to attract companies - Albuquerque Business First
Defense contractor Castelion chose Sandoval County over Tennessee and Arizona. State incentives helped land it, and officials hope more will follow.
Sunward Federal Credit Union opens 17th branch on Albuquerque's Westside to serve growing area
Gallery: The Ladera branch serves about 6,000 members who previously traveled to other locations. It's the credit union's first full ground-up build since 2023.
Gas tax hike would raise $57M annually as road costs climb and fuel revenue falls
State Sen. Bobby Gonzales says the revenue is needed to repair the state's ailing roads. Other legislators questioned if now is the time to raise the gas tax, with high gas prices and a large budget surplus.
New Mexico chile growers face 'trainwreck' season as crop turns red early
The New Mexico Chile Association president called it the worst year in more than 16 years. The red chile crop could still be good.
Albuquerque Sunport cracks top 10 in North America passenger satisfaction survey
The improvement came even as renovations were still ongoing during the survey period. Retail and dining options remained limited at the time.
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