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Inland Private Capital Corporation Sells 11333 McCormick Road
CIJ USA November 13, 2019Inland Private Capital Corporation sold 11333 McCormick Road, a two-tower, single-tenant office complex for $99.3 million. Situated on a 16.3-acre site in Baltimore, Maryland, the property was most recently renovated in 2016.
Motif on Belden, a 100-Unit TOD, to Open in Logan Square Next Year
REJournals November 13, 2019Inland National Development Company, LLC is developing a 100-unit, transit-oriented, multifamily community in Chicago’s Logan Square neighborhood. Located approximately 6.5 miles from downtown at 2845 W. Belden Avenue, the project is on target to be completed by the first quarter of 2020.
Inland Engages KLNB for Leasing Initiative at New Town Village Center in Owing Mills, Maryland
Real Assets Adviser November 11, 2019Inland Property Management LLC has engaged brokerage services by KLNB, a privately held commercial real estate services firm, for New Town Village Center in Owing Mills, Maryland, a suburb of Baltimore.
Inland Securities Names Midquel McClendon as SVP External Wholesaler
The DI Wire November 6, 2019Inland Securities Corporation, the exclusive dealer manager and placement agent for real estate investment programs sponsored by Inland Real Estate Investment Corporation and Inland Private Capital Corporation, has hired Midquel “Mick” McClendon to serve as senior vice president – external wholesaler.
Six Financial Strategies for a More Prosperous 2020
Chicago Agent Magazine November 5, 2019There are other ways to invest in real estate other than becoming a landlord, according to Dan Wagner, senior vice president of government relations at The Inland Real Estate Group of Companies, Inc. He characterized the opportunity to buy into a real estate investment trust (REIT), which is essentially a company that owns, operates or finances income-producing real estate, “the mutual fund of real estate.” Furthermore, he referred to 1031 exchanges, a method of deferring capital gains taxes by reinvesting them in a similar investment, as the “401k of real estate.”
Austin Luxury Community to Be Delivered Ahead of Schedule
Multi-Housing News November 5, 2019While labor shortage is causing delays in multifamily project deliveries, a community in Austin, Texas, is announced to be completed earlier than initially scheduled. Inland National Development Company, LLC and Cambridge Development Group will open the luxury Citadel at Tech Ridge community next month.
Crain’s Notable General Counsels
Crain's Chicago Business November 1, 2019At real estate giant Inland, Robert H. Baum has overseen legal work involved in more than $90 billion of commercial real estate transactions. He’s been involved in the listing and/or merging of five commercial real estate companies on the New York Stock Exchange and managed the legal work and filings for the sponsorship of 748 public and private investment programs worth $24 billion in investor capital.