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Real Estate

  • Winn-Dixie Unit to Sell Bahamas Operation to Local Firm

    JACKSONVILLE -- Bankrupt Winn-Dixie Stores Inc. said it is selling 12 supermarkets it operates in the Bahamas -- 9 under the City Markets banner and 3 under the Winn-Dixie banner -- for approximately $50 million. All 12 stores are expected to remain open following completion of the transaction.

  • New Giant-Carlisle Unit Underway in Huntingdon, Pa.

    CARLISLE, Pa. -- Giant Food Stores, LLC, based here, has entered into a 20-year lease agreement with Port Washington, N.Y.-based Cedar Shopping Centers, Inc. to build a new Giant Supermarket measuring about 60,000 square feet on an approximately eight-acre portion of a 26 acre-tract purchased by Cedar in 2005 next to its Lake Raystown Shopping Center in Huntingdon, Pa.

  • Dollar Tree Completes Acquisition of Deal$ Stores

    CHESAPEAKE, Va. -- Discount chain Dollar Tree Stores, Inc. here has completed its acquisition of 138 stores and related assets of the Deal$-Nothing Over a Dollar chain, which was owned by Minneapolis-based Supervalu, Inc.

  • Wal-Mart Re-opens Two New Orleans-area Supercenters

    BENTONVILLE, Ark. -- In the latest example of post-Katrina progress, Wal-Mart Stores, Inc. here is re-opening two supercenters in New Orleans just seven months after Hurricane Katrina devastated the Gulf Coast.

  • Smaller Price Chopper Store Closing Next Month

    SCHENECTADY, N.Y. -- Price Chopper here is closing its 20,000-square-foot Sheridan Plaza store here on April 29, apparently because of the store's inability to stock the same range of products as larger Price Choppers.

  • Pittsburgh Market Shake Up Continues

    PITTSBURGH -- James Sorbara, a local grocery veteran here, has purchased five Shop 'n Save stores in the metro market from Supervalu, which put 20 corporate stores on the block last fall. Sorbara previously owned two Shop 'n Saves, which he sold to Minneapolis-based Supervalu in 1998.

  • Ingles Markets Declares Quarterly Cash Dividend

    ASHEVILLE, N.C. -- Ingles Markets, Inc. here said yesterday that its board of directors has declared a cash dividend of 16.5 cents per share on all its Class A Common Stock and 15 cents per share on all its Class B Common Stock. This is an annual rate of 66 cents and 60 cents per share, respectively.

  • Supervalu Divests Another Pittsburgh Shop 'n Save

    PITTSBURGH -- Pittsburgh area retailer Tom Jamieson has acquired one of several remaining Shop 'n Save corporate stores put on the block here last fall by Supervalu Inc.
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