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Mariano’s Store in Palatine Sold for $29M
Daily Herald Business Ledger December 15, 2017The building leased to Mariano's Fresh Market in Palatine has been sold for about $29 million to a private buyer. Inland Private Capital Corporation (IPC) announced the sale Thursday. "We are pleased that the sale of the Palatine location completed our Chicagoland Fresh Market Venture DST investment program, which also included a Mariano's Fresh Market in Vernon Hills, Illinois that previously sold for $36.4 million," said Keith Lampi, president and chief operating officer of IPC.
IPC Sells Mariano’s-Occupied Retail Building in Metro Chicago for $29 Million
Shopping Center Business December 15, 2017Inland Private Capital Corporation (IPC) has sold a 71,324-square-foot retail building occupied by Mariano’s Fresh Market in Palatine, 30 miles northwest of Chicago, for $29 million. The building is fully leased to Roundy’s Supermarkets Inc. IPC arranged the sale of the property on behalf of one of its 1031 exchange investment programs. The buyer was a private investor.
Read More >How Tax Reform Might Impact IPA Members
IPA.com December 14, 2017Dan Wagner, senior vice president of government relations for The Inland Real Estate Group of Companies, Inc., joined several industry officials and IPA members on a call to discuss the proposed tax package and the overarching goal of tax reform.
Read More >The Inland Real Estate Group of Companies, Inc.: Always Building for Tomorrow
Daily Herald Business Ledger December 11, 2017The Daily Herald Business Ledger profiles The Inland Real Estate Group of Companies, Inc. in honor of the Company’s 50th anniversary celebration in 2018.
Read More >Official with Oak Brook's Inland Earns CRE Honor
REJournals December 8, 2017Illinois REALTOR® Dan Wagner, of Wheaton, Illinois, was honored with the National Association of REALTORS® Commercial Award for his work on behalf of the real estate industry in Chicago. Wagner, who is president-elect of Illinois REALTORS® and senior vice president of government relations for Oak Brook-based The Inland Real Estate Group of Companies, Inc., was saluted for his work to promote best practices in the industry and efforts to preserve the 1031 Like-Kind Exchange as part of the nation’s tax code.
Read More >Inland Real Estate Acquires 304-Unit Alta Legacy Oaks Apartment Community in North Carolina
MultifamilyBiz.com December 7, 2017Inland Real Estate Acquisitions, Inc. announced that it negotiated and closed the purchase of Alta Legacy Oaks, a 304-unit multifamily property located in Knightdale, North Carolina, a western suburb of Raleigh. Mark Cosenza, senior vice president of Inland Real Estate Acquisitions, Inc., completed the deal, with assistance from Brett Smith, assistant vice president and associate counsel of The Inland Real Estate Group, LLC, Law Department, on behalf of an Inland affiliate.
Read More >Inland Residential to Stop Accepting Subscriptions on December 31
The DI Wire December 4, 2017Inland Residential Properties Trust, Inc., a publicly registered non-traded real estate investment trust, will stop accepting subscription agreements after December 31, 2017, according to a filing with the Securities and Exchange Commission. The REIT plans to continue offering shares under its distribution reinvestment plan after the termination of the primary offering in February 2018 – three years after the registration was declared effective by the SEC.
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