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Recent Media Coverage
BB&T Building in Winston-Salem sold for $34.1M
Triad Business Journal, January 13: The owner of BB&T's corporate headquarters in downtown Winston-Salem has sold the 20-story office tower for $34.1 million to Inland Private Capital Corp., an Illinois-based real estate investment group. BB&T Financial Center sold to Inland Private Capital Corp.
Winston Salem Journal, January 13: The BB&T Financial Center has a new owner, Inland Private Capital Corp., which confirmed today that it paid $34.1 million for the 20-story building in downtown Winston-Salem. The real-estate investment group, based in Oak Brook, Ill., bought the building in late December from Cabot Investment Properties of Boston. Cabot acquired the building in August 2003 for $35.7 million from Parkway Properties Inc. Palm Coast Landing: $40 Million
Palm Coast Observer, January 12: Inland Real Estate Acquisitions Inc. announced on Tuesday the acquisition of Palm Coast Landing, a 171,297-square-foot shopping center on State Road 100, for approximately $40.4 million. Firm Pays $40.4M for Palm Coast Shopping Centers
The Daytona Beach News Journal, January 10: The largest commercial real estate deal ever in Flagler County -- and the largest in the Volusia/Flagler market since 2004 -- will bring a new owner to one of the biggest retail shopping centers in the area. Inland Diversified Real Estate Trust announced Monday it has purchased the Palm Coast Landing shopping complex on State Road 100 for $40.4 million from Weingarten Realty Trust of Houston. Property Investors Bet on Rising Demand for U.S. Charter Schools
Bloomberg News, January 10: Inland Public Properties Development Inc. is among companies that are investing in buildings for charter schools as demand for campuses grows. More than 500 of the schools opened last year, bringing the U.S. total to about 5,600, according to the National Alliance for Public Charter Schools, a Washington-based advocacy group. The investors buy or develop properties and get income from renting to companies that operate the schools.
Inland Real Estate Corp. Named Top Dividend Stock
Forbes.com, January 9: The officers and directors of a company tend to have a unique insider's view of the business, and presumably the only reason an insider would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money - maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So when stocks turn up that see insider buying, and are also top ranked, investors are wise to take notice. One such company is Inland Real Estate Corp. (NYSE: IRC), which saw buying by CEO Mark E. Zalatoris. Former Pick 'N Save store sold
The Daily Register, January 9: The former Pick 'N Save and retail building on the south side of Portage has been sold to a local investor. Donovan Meade, senior consultant with Inland Real Estate Brokerage & Auctions Inc. of Oak Brook, Ill., said that a "local investor" purchased the property in an auction that took place in November. He said the investor did not want to be named at this time. Real Estate Investors Kept 2011 Active
Milwaukee Business Journal, December 30 - Out-of-state real estate trusts and funds also made the biggest buys in retail. Companies that are a part of The Inland Real Estate Group of Companies had the fourth and fifth most expensive deals with its purchases of the Brownstones Shopping Center in Brookfield, which was purchased in a joint venture with international pension fund administrator PGGM, and the Shoppes at Prairie Ridge in Pleasant Prairie. Inspired to Give Back
The Courier-News, December 21: That work with ReachOut is why Brandon's fellow Dundee-Crown High School senior Edyta Pietrowska nominated him in the second Good Deed Dollars contest, sponsored by Community Unit School District 300, Inland Real Estate Corp. and the Algonquin Commons shopping center. The contest rewards middle and high school students in the Carpentersville-area school district for their "exceptionally selfless good deeds," according to a statement from District 300. Blind Onion to Open New Location in Spanish Springs
Reno Gazette-Journal, December 15: When Inland American Retail Management LLC became the owner, Christopher moved on the property, which already was set up with a dough room, large walk-in refrigerators and plenty of space. He signed his lease on Oct. 25. "I get the impression with Inland that they want me to be successful, and they are going to do as much as they can to make me successful," Christopher said. "We were able to negotiate a very nice, good lease that will allow me to work in today's market." Inland Atlantic Development Corporation to Host Grand Opening Ceremony for Old National Market Place
MarketWatch, December 14: Inland Atlantic Development Corporation announced today that it will host a grand opening event for the Old National Market Place shopping center in College Park, Ga. on Dec. 17. The center is located at 6425 Old National Highway and its tenants include LA Fitness, Shoe Land, It's Fashion Metro, Family Dollar, Anna's Linens and Citi Trends. Inland Real Estate Corp., PGGM Acquire Two Centers Totaling $43M for Their Joint Venture
Retail Traffic, December 12: The joint venture of Inland Real Estate Corp. and PGGM acquired two retail properties in separate all-cash transactions for approximately $43 million, excluding closing costs and adjustments. The properties include Elston Plaza, a grocery-anchored center in Chicago, which the joint venture bought for $18.9 million, and Brownstones Shopping Center, a grocery-anchored shopping center in Brookfield, Wis., which was bought for $24.1 million. Inland Western Adds Alamo Ranch to Its Portfolio
San Antionio Business Journal, December 12: All told, Inland Western's Texas portfolio, including its joint venture holdings with RioCan, stands at over 10 million square feet -- including more than 1 million square feet of San Antonio retail space. Its local holdings include Huebner Oaks, La Plaza Del Norte, Alison's Corner and Mission Crossing.
Inland Buys Elston Plaza on Northwest Side
Chicago Tribune, December 8: A joint venture that includes Oak Brook-based Inland Real Estate Corp. has purchased the Jewel-anchored Elston Plaza on the Northwest side for $18.9 million. Buyers Should Like Roundy's Stock, Experts Say
GlobeSt, December 8: Inland Real Estate Corp., in its joint venture with PGGM, announced today that it has purchased two Midwest retail centers for $43 million, including the Metro Market-anchored Brownstones Shopping Center in Brookfield, WI for $24.1 million. Inland has purchased a number of Roundy's-anchored centers. Five Guys Burgers and Fries Restaurant Coming to Lakewood
Lakewood Patch, December 8: Lakewood is set for a burger joint upgrade. The new Five Guys Burgers and Fries has an anticipated opening of Jan. 15 in the Lakewood Towne Center, according to Jed Craig, vice president/leasing director for Inland US Management LLC, a subsidiary of Inland Western Retail Real Estate Trust. Inland Bank Partners with One Team Chicago to Help Homeless Veterans
My Suburban Life, December 7: This holiday season, Inland Bank has partnered with One Team Chicago, a campaign that was launched earlier this year to help eradicate veteran homelessness by 2015. From now, until Jan. 15, Inland Bank will be accepting monetary donations at its locations in Countryside, Elmhurst, Geneva, Glen Ellyn, Hawthorn Woods, Hillside, Lake Zurich, Lombard, Morton Grove and Villa Park. RioCan, Inland Pay $93M for Alamo Ranch
CityBizList, December 5: In a free and clear deal, Toronto-based RioCan and Inland Western Retail Real Estate Trust, Inc. have acquired the 465,000- square-foot Alamo Ranch in San Antonio for $93 million.
Brownstones Shopping Center Sold for $24M to Illinois' Inland
Milwaukee Business Journal, December 4: Investor Inland Real Estate Group of Cos. paid $24.1 million for the Brownstones Shopping Center on Blue Mound Road in Brookfield, according a property sale recording with the Waukesha County Register of Deeds.
The Brickyard Revels in Ugly Sweaters
Shopping Center Weekly, December 1: The Brickyard and other Inland Western shopping centers are taking advantage of that trend with their Ugly Holiday Sweater Contest. Shoppers can upload photos of their worst knitmare online for a chance to win one of a number of $100 gift cards.
Got an Ugly Holiday Sweater?
Chain Store Age, December 1: A tacky holiday sweater - and most of us have one - can make for an innovative mall marketing campaign. Inland US Management, Inland Southwest Management and Inland Pacific Property Services, subsidiaries of Inland Western Retail Real Estate Trust, have kicked off an ugly sweater contest on its holiday website, HolidayFunForAll.com, developed in partnership with Studio 318 out of San Diego. Contest participants are asked to answer a few basic questions and upload a photo of their worst "knitmare" to the website.
Inland Real Estate Eyes Acquisitions Heading into 2012
REIT.COM, December 1: Mark Zalatoris, president and chief executive officer of Inland Real Estate Corporation (NYSE: IRC), said the company's occupancy levels have improved as new tenants have entered key markets in Chicago and Minneapolis. Speaking with REIT.com during REITWorld 2011: NAREIT's Annual Convention for All Things REIT in Dallas last month, Zalatoris said those new tenants include Ross Dress for Less, Gordmans and H.H. Gregg.
An Alternative Way To Play Health Care
FORBES, November 29: The obvious play here are the smaller health care REITs, of which there are several. The less obvious, though perhaps more palatable, alternative for individual investors is the class market of so-called non-traded REITs. Nontraded REITs are just what they sound like, at least initially, and what they take away in liquidity, they make up for in yield, which are generally 100 to 200 basis points higher than publicly traded health care REITs. Examples of non-traded REITs include Inland American Real Estate Trust.
Off-Campus Construction Moves Forward on Schedule
The Daily Titan, November 29: The off-campus apartment complex and parking structure being built on the northwest corner of Chapman and Commonwealth Avenues has made progress since construction first started in June. The development is being managed by Inland American Communities Group, Inc., which was formed in 2007 and is headquartered in Dallas, Texas.
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