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Corporate Governance

  • Safeway sells 11 Dominick’s stores to Roundy’s

    Pleasanton, Calif. -- Safeway Inc. announced it has reached a definitive agreement to sell 11 of its Dominick's stores in the Chicago metropolitan area in a cash and lease assumption transaction to Roundy's, Inc. Roundy's will take possession of the stores during a transition period that will take place over the next two months.

  • The Comeback Is On

    Developers in the Northeast are renovating, redeveloping and raising rents

    What are retail shopping center developers up to in the vibrant northeastern region of the United States?

    All across the Northeast — in which we include Ohio, Maryland, Virginia, Pennsylvania, New Jersey and the traditional northeastern states to the north — developers are renovating, redeveloping, raising rents, welcoming tenants and starting to get back to normal.

  • WinCo opens Arizona store Dec. 5; plans Texas entry in 2014

    Boise, Idaho -- WinCo Foods will open a store in Glibert, Ariz., on Dec. 5. The supermarket occupies approximately 97,000 sq. ft. and will include WinCo's new red and black decor package that creates a solid, clean feel and coordinates with the hundreds of new WinCo Foods private label products the company has recently introduced.  

  • Genco Marketplace has new CEO

    Supply chain and reverse logistics provider Genco has named Laurie Barkman as the new president and CEO of Genco Marketplace, Genco's wholly owned liquidation subsidiary.

    Barkman has served as Genco Marketplace's chief operating officer since July 2013. In her new role, Barkman will be responsible for driving expansion into new liquidation markets and developing a world-class team.

  • Project Profile: Belmont Chase

    Location: Ashburn, Va. 

    Size: Approximately 100,000 sq. ft.    

    Developer: Regency Centers 

    Major tenants: Whole Foods Market will anchor the project. Regency is currently negotiating with prospective specialty retail, restaurant and health and wellness tenants.

    Status: Proposed start is spring 2014, with completion planned for fall 2014.    

  • Report: Amazon plans drone-based delivery

    Seattle – Amazon.com hopes to someday deliver packages to its customers using unmanned drone aircraft.

    According to numerous media reports, Amazon CEO Jeff Bezos said during an interview on the TV news program 60 Minutes aired Dec.1 that the company is currently testing the use of drones to pick up customer orders in buckets from fulfillment centers to enable delivery within 30 minutes of a customer executing an online transaction.

  • Leadership transformation continues at Big Lots

    Big Lots has added three general merchandise managers as the company continues realigning the merchandising organization into three customer-centric categories: food and consumables, furniture and home décor and seasonal, toys and electronics.

  • Project Profile: Yorktown Centre

    Location: Downtown Erie, Pa.

    Size: 196,728 sq. ft.

    Developer: Existing property acquired in August 2013 by Phillips Edison-ARC Shopping Center REIT Inc.

    Major tenants: Giant Eagle, Panera Bread, The UPS Store, GNC, Wells Fargo, Eat’n Park

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