Here are a couple of tidbits:
Ingles Markets, Incorporated (NASDAQ: IMKTA) today announced that its Board of Directors has declared a cash dividend of $0.165 (sixteen and one-half cents) per share on all its Class A Common Stock and $0.15 (fifteen cents) per share on all its Class B Common Stock. This is an annual rate of $0.66 and $0.60 per share, respectively. Dividends on both the Class A and Class B Common Stock are payable April 24, 2008, to all shareholders of record on April 10, 2008.
Ingles Markets, Incorporated is a leading supermarket chain with operations in six southeastern states. Headquartered in Asheville, North Carolina, the Company operates 196 supermarkets. In conjunction with its supermarket operations, the Company also operates 71 neighborhood shopping centers, all but 16 of which contain an Ingles supermarket. The Company’s Class A Common Stock is traded on The NASDAQ Stock Market’s Global Select Market under the symbol IMKTA. For more information about the Company, visit Ingles’ website at www.ingles-markets.com.
From the Raleigh News & Observer:
RALEIGH – Crosspointe Investments of Asheville paid $5.05 million for One Crosspointe Plaza, a 41,000-square-foot building at 5505 Creedmoor Road.
The price, about $123 per square foot, was 19 percent more than what Farmington, Mich.-based seller Michigan Crosspointe Plaza paid for the three-story building in 1999, said Jim McMillan, a broker at Grubb & Ellis/Thomas Linderman Graham, which represented the seller.