Verde Realty still plans an IPO (10 a.m.)

Verde Realty, a 7-year-old real estate investment trust started in El Paso, that owns almost 24,000 acres of land in Santa Teresa, reports it still plans for an initial public offering, or IPO. Read more

El Paso, TX

#1 Jan 4, 2011
This corporation is known for focusing on "distressed" properties, sort of like vultures.

Las Cruces, NM

#2 Jan 5, 2011
Verde wanted Dona Ana County to pay for all their projects costs. This is shell game project.

Albuquerque, NM

#3 Jan 5, 2011
Crowders mega acreage that they want to develop near Sunland Park was certainly distressed. Glad the TID they were after didn't go through, but how did they imagine that the county was going to give them all that money and access to develop without any over sight at all?

Albuquerque, NM

#4 Jan 5, 2011
On the upside though, they have been paying down the huge unpaid property tax bills Crowder left the land with.

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