Commercial Real Estate & Business and News – March 16, 2020

Why Borrowers Should Lock-in Long-Term Financing
We have been in a low interest rate environment for the length of the current business cycle, and yet somehow, rates today are even lower than they were 12 months ago. While the market has grown accustomed to low interest rates, they are no guarantee, and some capital markets experts are advising…»
Sports Game Suspensions to Impact Phoenix Businesses, Economy
Now that the coronavirus pandemic has caused the biggest sports leagues to suspend their games, Valley restaurants and other businesses surrounding these sports arenas and stadiums are likely to suffer. “Hotels, restaurants, vendors – everyone is going to really suffer because…»
Mesa Light Rail Extension Named One of the Best Construction Projects of 2020
Mesa’s Gilbert Road Light Rail Extension was among the most significant construction project of 2020, the Associated General Contractors of America announced today. As a result, the project’s contractor, Stacy and Witbeck/Sundt, a Joint Venture received the association’s Construction…»
Growth of Phoenix Metropolitan Shapes Scottsdale and Paradise Valley Real Estate Figures
Buzz words long used to describe the envisaged energy of a bustling real estate market in the Valley of the Sun may finally be ringing true. Substantial gains across the board can be found in real estate data — both in single-family and multifamily projects…»
Some metro Phoenix shopping malls, and many around the country, are trying to find ways to simply survive. Scottsdale Fashion Square is bucking that trend by thriving. With an investment of more than $140 million into the shopping center from its parent company, Santa Monica, California-based…»