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Safeway dumps Dominick's after Q3 profit swoon
Safeway plans to exit the Chicago market where it operates 72 supermarkets under the Dominick’s banner by early 2014 after posting third quarter profits that were roughly half those of the comparable period the prior year.
The decision to exit Chicago follows similar move earlier this year when Safeway announced the sale of its Canadian operations. -
CBRE: U.S. CRE continued to recover during Q3
Los Angeles — The U.S. commercial real estate market continued a slow, but steady, recovery in the third quarter of 2013, according to the latest analysis from CBRE Group.
In the quarter, the retail availability rate declined 10 basis points to 12.2% and had fallen 70 basis points from one year ago.