Historically, the most active time for buying and selling real estate is when the weather gets warm, and it is expected to blossom this year as the housing market springs back to life nationwide.If
Grocer Set To Officially Take Control Of Lake Oswego Albertsons
Dated: March 13 2015
West Coast regional grocery chain Haggen will officially take ownership of the Albertsons store at 16199 Boones Ferry Road in Lake Oswego at 12:01 a.m. Wednesday, March 18. By 4 p.m. the next day, the new Haggen is scheduled to open its doors to shoppers.
The store is the first of 20 stores in Oregon that the chain plans to acquire and convert to the Haggen brand in the first half of 2015. The deal came about as a result of Albertson's $9.2 billion acquisition ofSafeway, which became official in January.
As part of the acquisition, the Federal Trade Commission required that Albertsons sell 20 stores in the region to Haggen to avoid unfair advantage.
Although Haggen will convert the Boones Ferry Albertson's into one of its stores, there is still no word on what will become of Lake Oswego's second Albertson's location on State Street, which closed its doors for good in February. The prime downtown property is for lease, and despite rumors that other grocers have been sniffing around, there has been no word on who might move in.
A call to HSM Pacific, the firm leasing the property, was not returned in time for today's deadline.
Once Haggen completes its full acquisition, the company will expand from 18 stores with 16 pharmacies to 164 stores with 106 pharmacies; from 2,000 employees to more than 10,000 employees; and from a Pacific Northwest company with locations in Oregon and Washington to a major regional grocery chain with locations in Washington, Oregon, California, Nevada and Arizona.
The 26 Washington store conversions began in mid-February, and 83 California store conversions will begin in mid-March. The Nevada and Arizona stores will be the last to convert in the late spring.
For Mark Ross, founder of Ross NW Real Estate and professional real estate broker, real estate has always been the career of choice. During his 30 years in the industry, Mark has gained experience in ....
Latest Blog Posts
Deciding to have our house painted was a big decision, but once we made it, we couldn’t wait to see the final results. But wait we did.What we hadn’t anticipated was all the prep work that went