Oak Brook, Ill. — Inland Real Estate Corp. (NYSE: IRC) has entered into a definitive agreement to be acquired by real estate funds managed by New York City-based DRA Advisors LLC (DRA) for approximately $2.3 billion, including the assumption of existing debt.
Oak Brook, Ill. — Oak Brook-based InvenTrust Properties Corp. has named Lance Billingsley senior vice president of leasing.
Calabasas, Calif. — Calabasas-based Marcus & Millichap has named seven agents to the position of first vice president investments.
West Chester, Ohio — West Chester-based North Ridge Realty Group has hired Stacy Felchner as Commercial Specialist.
Philadelphia — Philadelphia-based Urban Outfitters Inc. has entered into an agreement to acquire substantially The Vetri Family group of restaurants, including award-winning Pizzeria Vetri.
Washington, D.C. — Washington, D.C.-based Madison Marquette has named Peter Cole managing director and head of development for the eastern region.
Bloomfield Hills, Mich. — Bloomfield Hills-based Agree Realty Corp. has promoted Laith Hermiz to chief operating officer and has named Daniel Ravid chief administrative officer and treasurer.
Jacksonville, Fla. — Jacksonville-based Regency Centers Corp. has announced the reorganization of its senior executive management team effective January 1, 2016.
Cincinnati and Milwaukee — The Kroger Co. (NYSE: KR) and Roundy’s Inc. (NYSE: RNDY) have announced a definitive merger agreement under which Kroger will purchase all outstanding shares of Roundy’s for $3.60 per share in cash.
Deerfield, Ill. — For investors in net leased drugstore properties, one key question resulting from Tuesday’s announcement that Walgreens Boots Alliance Inc. has agreed to acquire Rite Aid Corp. for $17.2 billion, including acquired net debt, is what effect will the transaction have on lease terms and cap rates?
