By Mary Ellen Podmolik | Inland
Real Estate Corp.said its fourth-quarter net income totaled $5.8
million, or 7 cents a share, compared with $1.7 million, or 3 cents a
share a year ago, as the company recorded lower rental income from its
retail tenants and vacancies at some of its big-box spaces.
The Oak Brook-based real estate investment trust reported annual
earnings of $8.2 million,or 10 cents a share, compared to $30.4
million, or 46 cents a share, 2008.
Funds from operations were 23 cents per share for the fourth quarter and 87 cents for 2009.
The company said it is in discussions with various lenders about financing its consolidated mortgage debt that is scheduled to mature this year.
I’ll be glad when they catch the most crooked developer in town. Kevin Dermody of KB2c. I believe that he bribed Dorothy “The HATRACK” Tilman and Pat Dowell. Its the only reason I can think of that would allow him to break so many city construction codes. The Building @3917 S. Indiana isnt even 4 years old and it’s falling apart. How can the city allow so many codes to be broken on such a large project. Its a death trap and people are going to get hurt.
Get a look at this guy at KBC dot COM.
Avoid at all cost. Talk to someone he has done business with KB2C and ask them about the nightmare that is KBC.
If someone in power is reading this, please investigate this outfit and the donations to the campaigns of alderman who gave their blessings to r@pe the people of Bronzeville.
Took me time to read all the comments, but I really enjoyed the article. It proved to be Very helpful to me and I am sure to all the commenters here! It’s always nice when you can not only be informed, but also entertained! I’m sure you had fun writing this article.