COVID-19: New Developments Impacting Commercial Real Estate in Arizona

    View Author April 2020

    On April 6, 2020, Arizona Governor Doug Ducey signed a new Executive Order 2020-21 prohibiting small business evictions until May 31, 2020. The order will be of significant interest to developers and owners of commercial property in the state of Arizona and applies to commercial tenants that are eligible for the Federal Paycheck Protection Program, as well as lenders that have provided commercial real estate borrowers with a commercial mortgage loan.