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Exclusive: Washington D.C. is 'hottest retail market'
New York -- Washington, D.C. ranks as the nation’s hottest retail market, followed by Greater New York City, a leading developer told Chain Store Age in an exclusive video interview.
To see the interview with Inland Real Estate Group vice chairman Joe Cosenza, click here. -
Safeway in $5 billion dollar deal to sell Canadian stores
Toronto -- Canada’s second-biggest supermarket operator has acquired Safeway’s Canadian portfolio of stores in a $5.7 billion deal that pulls the Pleasanton, Calif., chain completely out of the country.
Sobeys, a unit of Empire Co. Lt., has acquired 213 grocery stores, 62 fuel stations, 10 liquor stores, 12 manufacturing facilities and four DCs, leaving Safeway with 1,400 stores in the U.S. after the deal.