News Items


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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."

San Jose Mercury News 3/28/14
Store closures loom as Safeway sale heads to FTC
http://www.mercurynews.com/business/ci_25443799/store-closures-loom-safeway-sale-heads-ftc

Santa Cruz Sentinel 3/06/2014
Santa Cruz County District Attorney:
Safeway ordered to pay $2.25 million in civil penalties

USA TODAY 3/06/14
Investment firm Cerberus to buy Safeway for $9 billion
http://www.usatoday.com/story/money/business/2014/03/06/ceberus-buy-safeway-9-billion/6133569/

San Jose Mercury News 3/06/14
Safeway sale would transform supermarket industry
http://www.mercurynews.com/business/ci_25282421/safeway-sale-would-transform-supermarket-industry

San Jose Mercury News 3/09/14
Safeway's new owner not afraid to make changes
http://www.mercurynews.com/business/ci_25308164/safeways-new-owner-not-afraid-make-changes?source=pkg