Commercial Real Estate & Business News November 18, 2019

Goldman Eyes Real Estate Investments Away from Coastal Cities Institutional investors see opportunities in real estate in mid-size U.S. cities away from the coasts. Goldman Sachs Group Inc. is eyeing markets including Denver, Austin and Nashville, Jeffrey Fine, a managing director at the firm’s merchant-banking division, said Thursday at a conference hosted by the NYU School of…»
From the Editor: Phoenix, Let’s Get this Transportation Thing Right
They haven’t even started construction on the new light rail extension south of downtown Phoenix, and I’m wondering if we need to have a completely different conversation – about a commuter-type rail system. I’m glad the Valley has received more money this year to build and extend more roads. That is extremely vital to our…»
How Arizona Brick-and-Mortar Retailers Can Maximize Sales this Holiday Season
When people think about Black Friday, long lines at shopping malls and big-box retail stores usually come to mind. Small Arizona retailers need to know how to capitalize on those shoppers, according to new research. A year ago on Black Friday, only 69% of Arizona brick-and-mortar retailers were open, but those stores saw sales increase…»
Trader Joe’s Eyes Second Tempe Location
Trader Joe’s is looking to open a new location in north Tempe. The national grocery chain submitted a liquor license application to the state last month for a location at Rural Road and University Drive. A company spokeswoman said plans for a new store have not yet been confirmed but Trader Joe’s is eyeing expansion in the…»
SRP Plans to Install Arizona’s Biggest Battery for Massive Solar Plant
Salt River Project will build the biggest battery on the power grid in Arizona as part of its pledge last year to add 1,000 megawatts of solar to its supply by 2025. The big battery project is planned for the Little Rainbow Valley, south of Buckeye, and the battery system there will be many times larger than anything in Arizona…»