ALBUQUERQUE, New Mexico, April 8 -- The University of New Mexico posted the following news:

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UNM finalizes agreement for Lobo Crossing, advancing South Campus vision

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The University of New Mexico has finalized an agreement for Lobo Crossing, allowing SimonCRE, a Phoenix-based commercial real estate developer, to move forward with the purchase of 38 acres of university-owned land near UNM's sports facilities for the development.