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Real Estate Firm Buys Eight Supermarket-Anchored Shopping Centers for $93.8M
PORT WASHINGTON, N.Y. -- Cedar Shopping Centers, Inc., based here, yesterday said that it had acquired a portfolio of eight properties in Virginia and Pennsylvania anchored by, or leased entirely to, supermarkets, for $93.8 million, exclusive of closing costs and fees. -
Delhaize Profits Drop in 'Challenging' Q2; Will Accelerate Sweetbay Conversions
BRUSSELS, Belgium --Global retailer Delhaize Group, whose primary market is the U.S., posted a 23 percent drop in second-quarter earnings yesterday, which was lower than expected. The company attributed the slide to higher operating expenses, the competitive environment in key markets, and a soft economy in Belgium. The bright spot was the payoff from conversions of its Kash 'n Karry stores to the new Sweetbay format, which Delhaize said has outpaced expectations. The conversion program will be accelerated in the Tampa/St. Petersburg market next year.