Year: 2014

Safeway Inc. announced that it has completed the sale of the shopping center and real estate development assets owned by its wholly-owned subsidiary, Property Development Centers, LLC, to Terramar Retail Centers, LLC Terramar has acquired the PDC assets, and has assumed certain liabilities, for a purchase price of approximately $830 million, subject to adjustment for customary prorations, an escrow holdback and other adjustments. The estimated total cash payment to Safeway stockholders for PDC is $2.45 per share, of which $2.38 is estimated to be paid at the closing of the pending merger between Safeway and Albertsons. …

The new look strikes customers as soon as they enter the Fresh &Easy Neighborhood Market grocery store — gone are the long, conventional supermarket aisles, replaced by an open, airy ambiance anchored by a grab-and-go and hot-food eating area in the center of the footprint. …

Grocery shopping can be stressful, from the mile-long track from your parking spot, to the crowded isles, and never-ending check-out lines. Sort of makes you think how much easier it would all be if you could shop with a glass of wine or beer in hand. …

The independent grocery owners who make up the ShurSave group have begun signing long-term deals with a new wholesaler, C&S Wholesale Grocers Inc., which purchased the assets of the bankrupt cooperative Associated Wholesales Inc. …

A recent decision by the Pennsylvania Liquor Control Board will now allow alcohol-serving establishments – restaurants, grocery stores, pizza shops, etc. – to also deliver beer for the first time in Pennsylvania. …