Real Estate Assets & Redevelopment

Terry Lease
Asset Development Manager

Nina Nguyen
Asset Development Associate

The City of Santa Fe owns a portfolio of real estate assets that range from undeveloped land to fully operational commercial buildings. Serving as the nexus between community and economic development, the asset development team regularly reviews its portfolio to identify assets that are currently underutilized and could potentially be sold, leased, donated, or revitalized to support and expand the City’s goals. This process is subject to New Mexico Statutes Annotated 1978, Sections 3-54-1 and 3-54-2.

All active City real estate asset solicitations, including Requests for Proposals (RFPs), Requests for Qualifications (RFQs), Invitations to Bid (ITBs), and others, will be listed on this page and available to view and download during the active solicitation period. 

Requests for access to active solicitation details or their results before their public release cannot be granted, nor can details about respondents and finalists be released until the Governing Body has approved the transaction. 


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Active and Upcoming Solicitations

There are currently no active solicitations for City-owned real estate assets. Check back frequently for new active solicitations, or subscribe to our email newsletter at the top or bottom of this page to have notices and updates delivered to your inbox. 

Upcoming Solicitations

Expanding and supporting Santa Fe's creative industries is a top priority at the Office of Economic Development. We’re finalizing the details of an exciting opportunity to lease a large, unique space in the Railyard that’s earmarked for expanding our creative economy. Subscribe and stay tuned!


Recently Closed Solicitations

On February 13, 2024, the Las Estrellas evaluation committee(s) completed their review of all bids received for Las Estrellas ITB 2023–01 and all proposals received for RFQ 2023-02 and selected finalists for recommendation to the Governing Body. 

The finalists have been notified, and their bids and proposals are headed to scheduling for Governing Body review, negotiation, and a final vote. OED will make an announcement when the process is complete.


Contact Us

For inquiries about unoccupied or undeveloped City-owned assets, submit your request to Asset Development Manager Terry Lease at and Asset Development Association Nina Nguyen at  

Your request must include:

  • Your name and contact information
  • The address or location of the real estate asset you’re inquiring about
  • A detailed description of your inquiry

Don’t miss out! Subscribe to the asset development email newsletter to be notified about upcoming solicitations and opportunities.