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Associated Bank Completes $14M Loan for Retail Property in Northville Township, Mich.
Associated Bank December 4, 2018Associated Bank announced the completion of a $14,080,000 loan to Inland Retail Property Fund, LP, for the acquisition of Northville Park Place,18771-39869 Traditions Drive in Northville Township (in Wayne County), Michigan. The six-building, 78,833-square-foot retail center, located at the southwest corner of Seven Mile Road and Haggerty Road, is anchored by Trader Joe’s. Other tenants include Granite City, Rusty Bucket and Sherwin Williams.
Read More >Mentorship, Marketing, Real Estate and More
Fried on Business December 3, 2018Jim Fried discusses mentorship with Jonathan Stein from Inland Real Estate Commercial Brokerage, Inc., a leading expert connector in the commercial real estate industry.
Read More >ADISA Announces 2019 Board of Directors
The Business Journals November 28, 2018ADISA, the nation's largest trade association for the alternative and direct investment space, announced the new directors for its 2019 board, selected by its members. They join the returning 2018 board members, who were elected last fall to two-year terms, and include Keith Lampi, 2018 ADISA president and president and chief operating office of Inland Private Capital Corporation.
Read More >Inland Real Estate Acquires MOBs in IL, NJ, WI for $58M
GlobeSt.com November 16, 2018Inland Real Estate Acquisitions, LLC acquired three medical office buildings located in New Jersey, Illinois and Wisconsin, on behalf of an Inland affiliate. The acquisitions total 127,481 square feet of medical office space and have a cumulative purchase price of approximately $58 million. Joe Cosenza, vice chairman of The Inland Real Estate Group, LLC and president of Inland Real Estate Acquisitions, LLC along with Mark Cosenza and Matthew Tice, both senior vice presidents of Inland Real Estate Acquisitions, LLC are responsible for completing the purchases, with assistance from David Neboyskey and Brett Smith, vice presidents of The Inland Real Estate Group, LLC, Law Department.
Read More >This Week's Chicago Deal Sheet
Bisnow October 31, 2018Inland Real Estate Commercial Brokerage, Inc. has brokered the sale of 3.5 acres at the corner of Illinois 25 and Shooting Park Road in Peru, Illinois, for just under $1M. Casey’s General Stores was the buyer. The land will be developed as a new fuel center and convenience store for the chain. Inland Commercial Brokerage's Paul Montes and Eric Spiess facilitated the transaction on behalf of the seller.
Read More >Chicago a Key City for Net Lease Operators
GlobeSt.com October 29, 2018B+E, the first tech-driven brokerage and trading platform for net lease real estate, just opened a Chicago office and has a new partnership with The Inland Real Estate Group, LLC and RCX Capital Group, its DST trading platform.
Read More >InPoint Originates $13.43 Million First Mortgage Loan
The DI Wire October 29, 2018InPoint Commercial Real Estate Income, Inc., a commercial mortgage real estate investment trust sponsored by Inland Real Estate Investment Corporation and sub-advised by an affiliate of Sound Point Capital Management LP, has originated a first mortgage loan for a 480-unit, garden-style multifamily property located in Dallas, Texas. The loan is comprised of a $13.43 million initial funding and a potential future funding of $6.07 million for a total potential loan amount of $19.5 million.
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