Food for Thought: Safeway To Put $1B Into Real Estate Development

By Jon Peterson & Sharon Simonson Developers of neighborhood-based necessity retail have a new deep-pocketed competitor: Pleasanton-based grocer Safeway Inc. Operating through Property Development Centers, a wholly owned subsidiary established quietly in 2008, Safeway now has 32 grocery-anchored shopping centers under development or recently completed nationwide, including at least 11 in California and four in the […]