Commercial Real Estate & Business News – July 30, 2020

Most Influential Women: Marina Hammersmith, ORION Investment Real Estate
Az Business and AZRE magazines announced the publications’ lists of the Most Influential Women in Arizona for 2020, including Marina Hammersmith, senior vice president at ORION Investment Real Estate. Each day, is profiling one of the Most Influential Women of 2020…»
Amazon, Aldi Coming to Goodyear
An economic observer might give Goodyear an AA rating for July. After Amazon signed a $20 million deal to purchase 90 acres at Indian School Road and Cotton Lane, discount grocery store chain Aldi announced it will open a Goodyear store by year’s end. Both are great news for shoppers…»
One Arizona Hospital Makes Latest U.S. News & World Report National Rankings
Once again, Mayo Clinic Hospital has topped all others in Arizona in the 2020-2021 ranking of hospitals by U.S. News & World Report. The hospital was ranked No. 1 in Arizona and No. 16 nationwide. Mayo Clinic Hospital in Rochester, Minnesota, ranked No. 1 nationally. This marks the fourth time…»
Efforts to Cool Phoenix Include Pale Pavement Coating to Reflect Sunlight
An atypical coating was applied to a parking lot at Esteban Park in southeast Phoenix last month, topping gray, cracked asphalt with a smooth, off-white sealant. The fresh look is more than a makeover: When the parking lot was coated June 12, it marked the start of Phoenix’s $3.3 million Cool Pavement…»
The Rush to Refinance Multifamily Properties Continues
As has been the case for much of the recent crisis, borrowers are continuing to try to capitalize on favorable rates to refinance apartment properties-that is, when they can find lenders willing to close deals. Long term interest rates-like the yield on 10-year Treasury bonds-fell below 1 percent at start of the economic…»