Safeway

A Safeway-anchored retail center in Pleasanton, California has been sold to a buyer in a deal valued at more than $70 million. The transaction, reported by Bay Area news outlets, underscores continued investor interest in grocery-anchored shopping centers in the East Bay despite broader uncertainty in the commercial real estate market. The buyer's identity and plans for the property were not immediately detailed in the reports.

A Safeway-anchored shopping center in the East Bay region of the San Francisco Bay Area has been sold in a deal worth more than $70 million, according to reports from Bay Area news outlets. The transaction highlights continued investor interest in grocery-anchored retail properties despite broader struggles in the commercial real estate market.

Sterling has purchased a Safeway-anchored shopping center from investment manager Invesco for $79 million. The deal adds a grocery-anchored retail asset to Sterling's portfolio, with Safeway continuing to serve as the anchor tenant. The transaction reflects ongoing investor interest in grocery-anchored shopping centers, which have remained among the more resilient segments of US retail real estate.

A new industry ranking places Target at the front of the pack for grocery delivery service, while Safeway comes out on top for curbside pickup. The findings point to retailers carving out different strengths in online grocery fulfillment as competition intensifies among major chains to serve shoppers who order online and collect or receive their food.

Albertsons Companies, the US grocery chain behind Safeway and other supermarket brands, is seeing interest in its stock performance. Traders and investors are checking the latest price movements, quotes and historical data for the company, which trades on the New York Stock Exchange under the ticker ACI, amid ongoing interest in the food retail sector.