This paper presents results from the (to our knowledge) first dynamic double-directionally resolved measurement campaign at mm-wave frequencies for an outdoor microcellular scenario. The measurements are performed with USC's real-time channel sounder equipped with phased array antennas that can steer beams electrically in microseconds, allowing directional measurements in dynamic environments. Exploiting the phase coherency of the setup, the multi-path components can be tracked over time to investigate the temporal dependencies of the channel characteristics. We present results for time-varying path-loss, delay spread, mean angles and angular spreads observed at the transmitter (TX) and receiver (RX) in the presence of moving vehicles and pedestrians. Additionally, we investigate excess losses observed due to blockage by vehicles and compare the cases when TX and RX are using fixed beams or when they are capable of adjusting beam directions dynamically.