Real Estate

LAKELAND, Fla. - Publix Super Markets Inc. today confirmed plans to purchase two Miami-area sites from Albertson's. The transaction is expected to be completed by mid December.

LONDON - Tesco announced on Wednesday it would open its first store in Malaysia next year, the Financial Times reported.

Boise, Idaho - Albertson's Inc. today confirmed its commitment to the state of Florida, saying it plans to invest $125 million in the state next year.

ATLANTA - Winn-Dixie may turn at least some of its 40 metro Atlanta locations into Save Rite warehouse stores as Cub Foods closes its Georgia stores, the Atlanta Journal-Constitution recently reported.

ASHEVILLE, N.C. - Ingles Markets today reported higher sales and margins for the fourth quarter.

FLORIDA, N.Y. - Big V Supermarkets Inc. said today that, as part of its effort to work with its creditors toward a successful resolution of its chapter 11 case, the company has entered into a term sheet with Wakefern Food Corp., which, subject to the completion of definitive documentation and approval by the bankruptcy court, is intended to form the basis of a plan of reorganization for Big V.

MONTVALE, N.J. - The Great Atlantic & Pacific Tea Company Inc. (A&P) today announced it will close 39 stores to improve operating results. A majority of the closings will take place before the end of the fiscal year (Feb. 23, 2002).

SAO PAULO, Brazil - Brazil's largest retailer Companhia Brasileira de Distribuicao (CBD), popularly known as Grupo Pao de Acucar, today finalized negotiations to acquire 100 percent of supermarket chain Supermercados ABC, Reuters reported.