Always in the market for a quality grocery-anchored center, Inland Real Estate Acquisitions, LLC slowed down in 2015 and 2016, purchasing just 116 properties over a 24-month period. But the Oak Brook, Ill.-based company picked up the pace in 2017 with 87 deals in over just 12 months. Fifty-seven of the acquisitions were grocery-anchored centers, 16 were residential and 14 were office buildings. Inland paid a total of $1.4 billion for what added up to 6.4 million square feet of space in 24 states.

<p>Inland Real Estate Acquisitions, LLC has acquired a 29,702-square-foot medical office building in Salt Lake City. Constructed in 2015, the two-story property located at 755 East 3900 South includes The Eye Institute of Utah—which features more than 20 consultation rooms, administrative office spaces and a LASIK and Vision Specialty Center—and The SurgiCare Center of Utah, which performs a variety of advanced procedures.</p>
 

Inland Real Estate Acquisitions, LLC in Oak Brook said it negotiated and closed the purchase of a 29,702-square-foot medical office building located in Salt Lake City. Matthew Tice, senior vice president of Inland Real Estate Acquisitions, LLC, completed the deal with assistance from David Neboyskey, assistant vice president and associate counsel of The Inland Real Estate Group, LLC, Law Department, on behalf of an Inland affiliate.

Oak Brook, Ill. – Inland Real Estate Acquisitions, LLC announced today that it negotiated and closed the purchase of Ashford East 88, a 322-unit multifamily property located in Thornton, Colorado, a northeast suburb approximately 10 miles from downtown Denver. Mark Cosenza, senior vice president of Inland Real Estate Acquisitions, LLC, 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.

Inland Real Estate Acquisitions, LLC announced that it negotiated and closed the purchase of Ashford East 88, a 322-unit multifamily property located in Thornton, Colorado, a northeast suburb approximately 10 miles from downtown Denver. Mark Cosenza, senior vice president of Inland Real Estate Acquisitions, LLC, 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.

Oak Brook, Ill. – Inland Real Estate Acquisitions, LLC announced today that it negotiated and closed the purchase of eight multifamily properties in Colorado throughout 2017 on behalf of Inland-related parties. The acquisitions total 2,199 units for a total cumulative purchase price of approximately $509 million.

It’s safe to say that the world of commercial real estate has totally transformed itself since The Inland Real Estate Group, LLC hung its first shingle fifty years ago. Vice chairman of The Inland Real Estate Group and President of Inland Real Estate Acquisitions, LLC’s Joe Cosenza sees four major watershed moments that served as pivot points for the industry, transforming it—and its practitioners—into the industry and the companies they are today.

If history is the best teacher, The Inland Real Estate Group, LLC’s 50 years in the business has positioned it well to learn from the past. In the first of this two-part series, Vice Chairman of The Inland Real Estate Group and President of Inland Real Estate Acquisitions, LLC, Joe Cosenza, gave readers a sort of tour through the industry’s milestones of the past five decades. Now he turns his sights to the outlook—for both the industry generally and for Inland specifically—especially as talk starts to turn a bit more cautious at the possibility of a correction in the coming year.

Many blame Amazon and e-commerce as the culprits for the downfall of brick-and-mortar stores. But despite all the inroads online shopping has made, it still accounts for only 9.5 percent of all retail sales, according to the government. That’s the silver lining for real estate executives like Joe Cosenza, vice chairman of Chicago-based The Inland Real Estate Group, LLC. "I love all the negative comments that are being made on retail," he said, noting that retail properties account for $27 billion worth of Inland’s $46 billion portfolio.

Joseph Cosenza, vice chairman at The Inland Real Estate Group, LLC, says retailer rightsizing can be a positive development. Cosenza points to Kohl’s move to reduce space and partner with grocer Aldi, which has proved a success, as well as the fact that some retailers, like cosmetics seller Ulta and Amazon-owned grocery chain Whole Foods, are expanding. Retailers have to focus on modernizing their physical spaces and having a product that can’t be bought with the click of a mouse through Amazon, Cosenza notes. His one piece of advice to those navigating these changes?