Kimco Realty purchased six shopping centers and a pair of retail parcels for $221 million in 2013's first quarter. The REIT also took part in a consortium that acquired from SUPERVALU 877 grocery locations.
IKEA has put in place a rooftop solar array at its distribution center in Perryville, Md. The company says it's the largest such installation in the state and can generate energy to power 359 homes per year.
The U.K.'s Tesco will exit Fresh & Easy Neighborhood Market and the U.S. during the next few months as it continues on a path to revive sales at home, although the buyer and terms of the sale have yet to be identified, the company says. The retailer has reported its first annual profit decrease in 20 years, including a write-down of about $1.5 billion related to exiting Fresh & Easy.
An audience poll at the ICSC European Conference predicted the region has not seen the worst of the economic crisis yet. Some panelists at the event disagreed with the findings, while others noted that there are still problems to be addressed such as austerity.