Daily Top 5 News – February 3, 2020

The GRID – a $75M Mixed-Use Project – Coming to Downtown Mesa Downtown Mesa will see major changes on Main Street throughout 2020, as Palladium GRID breaks ground on a new $75 million mixed-use development, The GRID.  A groundbreaking ceremony is slated on Monday, Feb. 24 from 8 – 10 a.m. to commemorate the development. The GRID creates a new neighborhood that brings…»
East Valley’s Aerospace, Aviation and Defense Hub Grows as Northrop Grumman Expands With 200 More Jobs in Gilbert
Northrop Grumman, one of the nation’s premier space, aeronautics, defense and cyberspace companies, broke ground on Thursday on an expansion at its satellite engineering and manufacturing facility in Gilbert. A new 120,000-square-foot building at 1721 W. Elliot Road is expected to open in December and serve as administrative…»
Retail Demand Slowed in 2019, But Investors Still Betting on Phoenix
Retail demand slowed in 2019, with net absorption falling below 1 million square feet for the first time since 2011. Retailer and store closures have swept the nation and weighed on retail fundamentals; Phoenix’s retail scene has been no exception. Phoenix still welcomed some new retailers in 2019. As cited in the latest CoStar Phoenix…»
Mortgage Rates Near 3-Year Low; 9.4 Million Homeowners Could Save $272 Per Month
Mortgage rates on 30-year, fixed loans dropped 0.7 points this week, hitting 3.51% on average, according to Freddie Mac. It’s the lowest rate seen since September last year-when rates hit 3.49%-and the second-lowest rate since mid-2016. According to Joel Kan, the associate vice president of economic and industry forecasting…»
For the Third Year ORION’s Larry Kush Named Top 200 Experts List
The home construction industry is reaching new heights as outside influences begin to accelerate change. With environmental concerns, new smart technology, an aging population, scarce housing supply, and a labor shortage, the industry has never seen so many changes in such a short amount of time. With all this change, it’s…»