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Business Journals
07-07-2025
- Business
- Business Journals
Regency Centers prioritizes strategic placemaking in the mid-Atlantic region
As 2025 continues, fundamental strength in open-air, grocery-anchored shopping centers remains a key trend within the commercial real estate landscape. In recent years, tenants and consumers alike have shown a renewed appreciation for brick-and-mortar retail. Suburbanization and hybrid work models are fueling demand for retail spaces in suburban trade areas with compelling demographics. These shopping centers, which serve as community hubs, benefit from consistent foot traffic driven by necessity-based retailers and service providers, including best-in-class grocers. Open-air retail spaces with a curated merchandising mix, incorporating both national brands and local businesses that meet community needs, have proven resilient over time. Retailers are blending physical stores with e-commerce solutions, such as curbside pickup, to enhance convenience and customer experience. Economic uncertainty has underscored the importance of disciplined capital strategies, including low leverage and targeted investments. Sustainability also remains a top priority, with investors and tenants favoring energy-efficient properties and community-focused developments. Regency's portfolio enhancement in the mid-Atlantic region is anchored by the transformation of underutilized or aging properties into vibrant, modern spaces that meet the demands of today's retail real estate market. This approach involves meticulously analyzing market trends and economic indicators and identifying high-potential areas for investment from both a development and redevelopment point of view. Westbard Square Following its acquisition of the former Westbard shopping center in 2017, Regency's Washington, D.C. team took a step back to assess the site and the community's needs. Since then, Westbard Square, a 23-acre, community-centric, mixed-use development in Bethesda, Maryland, has taken shape. A thoughtful blend of retail, office and residential, Westbard Square is a multi-phase redevelopment that, upon completion, will include 148,000 square feet of retail and office space, 100 EYA townhomes, 200 apartments, open space and a 116-unit assisted living facility. Anchored by a 65,000-square-foot Giant Food grocery store, Regency recently completed the first LEED Silver certified $37 million phase of the south building, which includes 125,800 square feet of retail and office space. expand During this time frame, Kensington Senior Living also initiated construction of a 116-unit assisted living facility on the site, with plans for completion in summer 2025. The future phases, slated to start late this year, will include the development of additional EYA townhomes as well as the north building, featuring 200 multifamily housing units and 20,000 square feet of street-level retail. Phase II will also feature a new county park with a playground as well as a separate, dedicated central green situated between the north and south buildings. Acting as the hub of activity for Westbard and the surrounding community, it's designed to encourage gatherings and serve as a venue for numerous events, features a freestanding restaurant building, and will allow for the consumption of beverages thanks to Regency's partnership with Montgomery County and its new legislation allowing for new forms of licensing. The Crossing Clarendon The Crossing Clarendon is a 419,950-square-foot shopping center anchored by Whole Foods Market and situated in the highly desirable Arlington, Virginia, market. Upon its 2016 acquisition of the 10-acre mixed-used shopping center spread across multiple city blocks, the team envisioned an opportunity to reimagine an older building that was originally constructed as a multi-level Sears department store in 1942. Through Regency's industry-leading sustainability practices, the project earned a LEED Gold certification and attracted Life Time Athletic Club, complete with a Life Time Work component — the first location within the greater Washington, D.C., and Baltimore area to contain this sought-after offering. Spanning 113,000 square feet across four floors plus lower-level space, the Life Time facility combines remote-work-friendly spaces with a world-class health club experience. The top floor, spanning 28,000 square feet, is a dedicated coworking space, while the athletic club and accompanying amenities occupy 85,000 square feet across the balance of the building. expand Anticipating how we live, not just how we shop, is the art of placemaking. Concepts like Life Time that align with how we work today, along with communal space that fosters connections for residents of all ages, play a role in creating a vibrant community at The Crossing Clarendon. Most recently, Regency embarked on the next phase of its transformation of this iconic asset, and has launched its redevelopment of the two-story Barnes and Noble building, which sits prominently at the 50-yard line of the property. This redevelopment will add multiple new food and beverage operators including a prominent brewery from Charlottesville, Virginia, and a first to market restaurant from New York City. Regency will also welcome back Barnes and Noble to the building, providing the Arlington community and its longstanding gathering hub with a fresh new design. The Loop, a centrally located communal space in the heart of The Crossing Clarendon development, is a dedicated, family-friendly spot for community connection. Tailored to all generations, the Clarendon neighborhood has embraced The Loop, which offers an array of opportunities to host events, lounge, linger and play. Similar to the structural redevelopment of The Crossing Clarendon, Regency continues to bring creative design, functionality, and sustainability together by incorporating principles from biophilic design at The Loop to increase connectivity to the natural environment. Efforts include using less paving and more verdant greenery, converting an existing drive isle into a pedestrian-only piazza, outdoor seating, innovative play structures, and more. As Regency continues to expand its presence in the mid-Atlantic, its active capital allocation strategy and transformative redevelopment projects serve as a blueprint for success in the dynamic real estate market. By staying ahead of trends, embracing innovation and fostering community engagement, Regency continues to play a pivotal role in shaping the future of real estate in the mid-Atlantic and across the country.
Yahoo
30-06-2025
- Business
- Yahoo
Ahold Delhaize USA 2024 cyberattack exposed 2 million people's data
Food retailer Ahold Delhaize USA has confirmed that the cybersecurity incident that took place on 5 November 2024 exposed the data of 2.24 million people. The update follows a brief statement issued by the company in April 2025. The external system breach compromised sensitive customer information including names, Social Security numbers, health info and financial account details such as bank account numbers. Ahold Delhaize stated: 'We are writing to notify you of a cybersecurity issue that may have affected your personal information contained in employment records related to you or your family member.' 'We detected a cybersecurity issue involving unauthorised access to some of our internal US business systems on 6 November 2024. We immediately launched an investigation with the assistance of leading external cybersecurity experts, coordinated with US federal law enforcement, and began taking steps to contain the issue. 'Based on our investigation, we identified that an unauthosised third party obtained certain files from one of our internal US file repositories between 5 and 6 November 2024.' Following a review of the impacted files, the company confirmed that 'some of these files may have included internal employment records containing personal information about you that we obtained in the course of providing services for certain current and former Ahold Delhaize USA companies'. Ahold Delhaize operates brands such as Food Lion, Giant Food, Hannaford and Stop & Shop. It operates more than 2,000 stores in 23 US states. According to UK security software company Comparitech, the incident ranks as the eighth-largest ransomware breach on a US company in 2024 and the 11th largest globally. The ransomware group Inc claimed responsibility, though this has not been verified. In May 2025, Ahold Delhaize reported net sales of €23.28bn ($26.41bn) in the first quarter (Q1) of fiscal 2025 (FY25) – a 5% rise at constant exchange rates. "Ahold Delhaize USA 2024 cyberattack exposed 2 million people's data" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
CBS News
02-06-2025
- Business
- CBS News
International grocery store brings relief to Baltimore neighborhood in food desert
International grocery store LA Mart opened a new Maryland location less than a year after a store closed in a Baltimore neighborhood, leaving a food desert. The new store opened at 4624 Edmondson Avenue, at the former location of a Giant Food store. Supermarket closure leaves food desert When Giant announced it was closing in June 2024, the company redirected customers to its newly remodeled store on Wilkins Avenue, two miles away. "It was mixed feelings for the community," said Jeffrey Young. "I don't know what the situation was, but I don't think they were concerned about the community at all. Not knowing that it affected people that live in this community and the surrounding communities that have nowhere to go to get fresh food at a supermarket." Young doesn't live far from the supermarket and, like others, is happy there's a grocery store that neighbors can walk to again. "When the Giant left, we became a food desert," said Councilman Paris Gray, who represents District 8. Neighbors appreciate new grocery store LA Mart offers a wide selection of produce, international products, a bakery and a seafood department with fresh fish, lobster and crabs. Customers like Carolyn Young, who lives nearby, were devastated when Giant closed in 2024. She said it was especially hard on older neighbors who had to venture further to get their groceries. Young is no stranger to LA Mart as she used to drive to one of the store's other locations. She welcomed the new location, which is closer to her home. "It's a multicultural area, so the market really gives everybody in the neighborhood what they need, so I think it's a great fit," Young said. Young and other customers said they're enjoying the fresh produce and low prices. "I just think the best thing about it so far is the prices on the fruits and vegetables, and even the salmon and fish and stuff like that," said neighbor Rudo Minson. "Lobster is on sale, crabs." Minson lives down the street from the new store, and for months, he has been commuting to different markets to get groceries. "I appreciate the supermarket being here, that's for sure," he said. New development in Baltimore neighborhood Councilman Gray worked with the owners at Edomdson Square and the Edmondson Village Shopping Center next door to find grocers when he learned Giant was closing. The new LA Mart opened less than a year after Giant closed. "I think it shows the economic power that we have in southwest Baltimore," Gray said. "Oftentimes we are overlooked, but we have strong communities, stable communities that can support not only one but what we will see is two grocery stores." Aldi is slated to open a location at the Edmondson Village Shopping Center. Gray said there is no timeline yet, but the lease is signed. It's part of a multi-million-dollar redevelopment in the works by The Chicago Trend Corporation. Baltimore's Edmondson Village Shopping Center is undergoing a renovation project. The Chicago Trend Corporation "What we're really excited about is just the opportunity and the opportunities that are going to come from both shopping centers when it comes to jobs, when it comes to food accessibility, making sure our dollars in Baltimore stay in Baltimore," Gray said. Quickway Japanese Hibachi and Charley's Philly Steaks also plan to open locations in the shopping center, and additional stores are expected to be announced. The changes can already be seen with Councilman Gray pointing to improved lighting, new awnings outside most stores, new signage and improvements to make sidewalks more accessible. "We're already starting to see the changes, but it's going to be really important that folks keep their eyes open and continue to see the changes each and every day and each and every month as we move to full completion," Gray said. The new developments are something neighbors are already taking note of. "I'm happy to see the construction and development in the neighborhood actually coming up," said Carolyn Young. "I think that everyone can appreciate that." Local restaurant wanted for new development As development continues at Edmondson Village Shopping Center, the search is on for a local restaurant, Gray said. "If you want to be a part of the renaissance that's happening in Baltimore and the beautiful thing is it's happening in all corners of Baltimore and not just one area, come to the Edmondson Village Shopping Center because we have a place for you," said Gray. Restaurant owners interested in opening a southwest Baltimore location can reach out to Chicago Trend for more information or contact Gray's office.
Yahoo
15-04-2025
- Business
- Yahoo
AeroFarms® First to Introduce Micro Bok Choy to Consumers in U.S. Retail
A juicy and slightly sweet addition to AeroFarms' FlavorSpectrum™, Micro Bok Choy is now available nationwide at retailers including Whole Foods, Giant Food, and H Mart DANVILLE, Va., April 15, 2025--(BUSINESS WIRE)--AeroFarms, the leading supplier of microgreens to the U.S. retail market, today announced the launch of its newest microgreen: Micro Bok Choy. AeroFarms Micro Bok Choy is the first of its kind in U.S. retail, delivering a unique and versatile flavor for everyday meals. The mild and sweet flavor of Micro Bok Choy serves as a perfect complement to sandwiches, stir-fries, smoothies, and tacos, while its texture and bite-size appeal create an ideal lettuce substitute for center-of-the-plate salad greens. The company's new microgreen is available for purchase at leading retailers nationwide, including Whole Foods Market, Giant Food, and H Mart. Micro Bok Choy is the newest addition to the company's portfolio of seven microgreen products that deliver an exciting culinary experience across a wide FlavorSpectrum™. Each product coincides with a color on the company's FlavorSpectrum, that represents a specific flavor profile. For example, cool blue colors deliver sweet and mild notes, while reds exude a bold and zesty kick. Micro Bok Choy is categorized as "purple" in the FlavorSpectrum, signifying a mellow, clean flavor with hints of sweetness. "At AeroFarms, our obsession with flavor fuels our innovation, but nutrition is our true passion. Microgreens contain four-to-40 times more nutrients than their mature vegetable counterparts2," said AeroFarms CEO Molly Montgomery. "It's not only the quantity of calories that you consume that is important, but the quality of calories. Microgreens, including our new Micro Bok Choy, are a nutrient-dense source of essential phytonutrients, vitamins, and minerals that can elevate taste AND nutrition at every meal." All AeroFarms microgreen varieties are grown and packaged at the company's indoor vertical farm located in Danville, Virginia. AeroFarms microgreens are grown using AeroFarms patented aeroponics technology and use 90% less water and 230 times less land than traditional farming. No pesticides are used on the plants, eliminating the need to wash before eating. When consumers choose to include AeroFarms microgreens in their daily meal plan, they can feel confident that they are choosing greens that are both highly nutritious and sustainably grown. Today, AeroFarms owns more than 70% of the U.S. retail market share for microgreens 1. To find AeroFarms' Micro Bok Choy and the company's portfolio of microgreens at a store nearby, visit About AeroFarms New AeroFarms, Inc. (AeroFarms) is the leading U.S. provider of microgreens, commanding over 70% of the retail market share1. AeroFarms is at the forefront of sustainable agriculture, leveraging patented aeroponics technology, automated conveyance systems, robotics, and AI to cultivate healthy microgreens that thrive. AeroFarms uses 100% renewable energy and is climate-agnostic, growing plants year-round, regardless of geography and weather conditions. As a Certified B Corporation, AeroFarms is dedicated to meeting rigorous standards of social and environmental performance. Learn more and find AeroFarms microgreens nearby at Sources 1. NielsenIQ Latest 52 Weeks W/E 3/15/25 and internal AeroFarms calculations. 2. 6 Health Benefits of Microgreens View source version on Contacts For more information, contact:
Associated Press
12-03-2025
- Business
- Associated Press
Crossover Meats Launches at Food Lion, Bringing Bold Flavor and Affordable Sustainability to More Families
Unique, patented blended burgers now available online and in-store. 'Our mission is to make real, better-for-you meat the easy choice for every family—and Food Lion's deep community roots allow us to do just that.' — Michelle Adelman, founder and CEO of Crossover Meats PORT WASHINGTON, NY, UNITED STATES, March 12, 2025 / / -- Crossover Meats—the company rewriting the rules on real meat and sustainability—is now available at 1,100 Food Lion stores. From Pennsylvania to Georgia, Food Lion shoppers can now enjoy Crossover Blends™—a revolutionary mix of wholesome chicken + beef, or chicken + lamb that delivers the taste consumers crave, while being healthier and more sustainable. With successful launches at Giant Food, The GIANT Company, and an upcoming debut at Walmart, Crossover Meats is rapidly growing, now in over 1,700 stores nationwide. This expansion with Food Lion brings better-for-you, better-for-the-planet meats to even more families—at an affordable price. Why Crossover? Big Taste. 'Our mission is to make real, better-for-you meat the easy choice for every family—and Food Lion's deep community roots allow us to do just that,' said Michelle Adelman, founder and CEO of Crossover Meats. 'With Food Lion's commitment to fresh, affordable food, we're confident this partnership will help more families make healthy, sustainable choices—without sacrificing taste.' Same Crave-Worthy Taste, Smarter Nutrition Crossover Blends™ burgers look, cook, and taste just like traditional ground beef—but they're leaner, packed with 32g of protein, 20% of daily iron, and lower in fat and calories. The patented recipe ensures every bite is juicy, flavorful, and easy to cook straight from frozen in just 12 minutes. 'Crossover Blends™ make weeknight meals effortless—whether you're grilling burgers, making tacos, or adding a protein boost to your favorite dish,' said Executive Chef Marina Mitchell. 'Less time in the kitchen, more flavor on the table.' Sustainable, Affordable, and Versatile Better meat should be better for the planet, too. Compared to traditional beef, Crossover Blends™ use 50% less land, 40% less water, and produce up to 50% fewer greenhouse gas emissions. At Food Lion, Crossover Blends™ are priced like ground meat—giving families an affordable way to eat smarter without sacrificing taste. Where to Find It Look for Crossover Blends™ Chicken + Beef and Chicken + Lamb in the meat aisle at Food Lion. Visit to find a store near you. About Crossover Meats: Crossover Meats is a woman-owned company on a mission to revolutionize ground meat. We believe in real ingredients, bold flavor, and making better meat choices easier for everyone. Our products are affordable, convenient, and better for the planet—with no fillers, soy, or gluten. That's real meat making real change. Michelle Adelman Crossover Meats +1 855-954-5450 X LinkedIn Instagram TikTok Legal Disclaimer:
