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Property Development Centers is now the owner of Rancho del Mar Shopping Center. (May 23, 2014)
Safeway has an agreement to be sold to a private equity firm, Cerberus, and will be merging with their Albertson's grocery chain. Property Development Centers (PDC), a company that has been wholly owned by Safeway, will not be a part of the sale agreement. PDC will become an independent entity and is now the owner of Rancho del Mar Shopping Center... Read More
Plans for Aptos Safeway store unaffected by sale,
company officials say (April 2014)
Safeway Director of Public and Government Affairs Keith Turner said
"the plans for the new Safeway store in Aptos are expected to be unaffected."
Santa Cruz Sentinel 3/06/2014
Santa Cruz County District Attorney:
Safeway ordered to pay $2.25 million in civil penalties