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Real Estate

  • Reports Say Supervalu Deal for Albertsons on Skids

    BOISE, Idaho -- The proposed deal for a consortium including Supervalu to acquire Albertsons here is in jeopardy as talks stopped last night, according to press reports.
  • Former A&P Facility to Give Way to Possible Wal-Mart Supercenter

    HORSEHEADS, N.Y. -- Demolition on an approximately 1.5 million-square-foot facility here that once served as an A&P manufacturing plant has begun, the beginning of a three-month project that could clear the way for the construction of a Wal-Mart supercenter, according to published reports.
  • DVD Rental Kiosk Owner Completes $10 Million Funding

    HOUSTON -- TNR Entertainment Corp. here, the largest U.S. owner/operator of automated DVD rental kiosks in major grocery stores, under the name "The New Release," has completed the sale of $10 million in preferred stock to New York-based D.E. Shaw Laminar Portfolios, LLC, a member of the D.E. Shaw group, a leading specialized investment and technology development firm with about $19 billion in aggregate capital.
  • Wal-Mart's World to Swell in '06

    BENTONVILLE, Ark. -- The world's biggest retailer said last week it intends to only get bigger. Wal-Mart Stores, Inc. here on Friday confirmed that its plans for the coming year include 370 U.S. units, larger stores for Canada, and up to 230 new stores in other countries.
  • BJ's Shares Rise on Rumors of Going Private

    NATICK, Mass. -- Shares of BJ's Wholesale Club Inc., based here, soared 8.7 percent to close at $31.50 on the New York Stock Exchange yesterday, in response to a note issued by investment bank UBS saying that the warehouse club chain might go private. BJ's was one of the largest percentage gainers in afternoon trading.
  • Walgreen, CVS Corp. Eyeing Osco Drugstores

    CHICAGO -- Albertsons Osco drugstore division here is being scrutinized for possible acquisition by two bidders, Deerfield, Ill.-based Walgreen Co. and CVS Corp. of Woonsocket, R.I., which are said to be competing for the nearly 800-unit operation.
  • AWG to Open New DC in Oklahoma

    KANSAS CITY, Kansas -- Associated Wholesale Grocers broke ground yesterday on a new $50 million distribution center in Oklahoma City, which will expand its capacity by approximately 30 percent.
  • Hannaford Eager to Expand in Massachusetts

    SCARBOROUGH, Maine -- Almost a year after acquiring Leominster, Mass.-based Victory Supermarkets for $175 million, Hannaford Bros. Co. here is interested in further growth in the state.
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