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Commercial Real Estate & Business News – August 10, 2020

Arizona Landlords Struggling Through Eviction Moratorium Can Get as Much as $50,000. Here’s How.
Arizona landlords struggling because tenants have stopped paying rent during the novel coronravirus pandemic can apply for as much as $50,000 in assistance from the state, the Arizona Department of Housing announced this week. In all, the state…»
AZRE Forum: A Look at Office and Industrial
This is part three of a three-part video series that makes up the 2020 AZRE Forum, the annual mid-year market report that looks at the factors that are driving the Phoenix economy and commercial real estate industry. The AZRE Forum is the annual mid-year…»
Here are 6 Projects to Watch in Arizona
Here are some of the projects to watch that are currently under construction in Arizona. MUNICIPAL: Pinal County Complex DEVELOPER: Pinal County GENERAL CONTRACTOR: A.R. Mays Construction ARCHITECT: Arrington Watkins Architects, LLC…»
Mortgage Rates Tumble to New Record Lows This Week
Average U.S. mortgage rates for a 30-year fixed mortgage fell to an all-time low of 2.88% this week, the eighth time in 2020 the weekly rate has set a record in a Freddie Mac series that goes back almost five decades. It fell from 2.99% last week, Freddie Mac said in a report…»
Amid High Demand, Some Valley Homebuilders Consider Lotteries for Buyers
Record low mortgage rates are pushing homebuilder sales office traffic and new home sales higher, as the supply of existing homes remains extremely low in Arizona. This is causing some homebuilders to think about using a lottery or drawing system…»