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Costco, Target tie urban expansion to affordable housing boom

1 week ago 13

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Profit Rises 18 Percent At Target Corp

Scott Olson/Getty Images News

Big-box retailers are increasingly partnering with affordable housing developers to expand into densely populated urban neighborhoods, giving companies such as Costco (COST) and Target (TGT) access to scarce land while helping cities address housing shortages.

Traditionally concentrated in suburban locations

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