Rancho Cucamonga, CA – September 7, 2021 – Progressive Real Estate Partners Senior Retail Specialist Albert Lopez and Senior VP Paul Galmarini represented both parties in the signing of a lease with Emporio Sushi for a 3,084 sf newly remodeled turn-key restaurant space at Fontana Plaza East in Fontana, California bringing the center to 100% … Continued
We are pleased to share this 5 minute video by PREP’s Vice President of Investment Sales, Mike Lin, in which he takes you through a recent industry report that highlights the strength and recovery of the retail industry. This is good info and we wanted to share it with all that typically receive Brad’s Blog. … Continued
Rancho Cucamonga, CA – August 16, 2021 – Retail Leasing & Sales Specialist Monica Dal Bianco-West of Progressive Real Estate Partners recently completed a lease representing both the landlord and tenant, Art’s Sideshow, for a 3,150 sf end cap space at 5484 Moreno Street which is at the signalized intersection of Moreno and Vernon Avenues … Continued
Rancho Cucamonga, CA – August 2, 2021 – Albert Lopez, Senior Retail Specialist at Progressive Real Estate Partners, represented a Riverside County based private investor in the sale of a 10,128 square-foot anchor space to Pioneer Cash & Carry for $1,750,000. Located at 9185 Magnolia Avenue in Riverside, California the storefront is adjacent to Family … Continued
I have been an ICSC member for just under 30 years. Candidly I must admit that my initial reaction to receiving ICSC’s rebranding email was “this sucks”. In talking to others many felt the same. The “Innovating Commerce Serving Communities” name is a mouthful and certainly easily forgettable. More importantly after watching the 30 minute … Continued
Rancho Cucamonga, CA – July 21, 2021 – Progressive Real Estate Partners’ VP of Investment Sales Greg Bedell and VP of Retail Leasing & Sales Paul Su, recently represented a West Los Angeles private investor in the sale of a 7,078 square foot retail pad building located at 2560 N. Perris Blvd., Perris, CA for $2,335,000 … Continued
Rancho Cucamonga, CA – March 16, 2021 – Progressive Real Estate Partners VP of Leasing and Sales Pablo Velasco and Senior Retail Specialist Albert Lopez represented the landlord, Fritz Duda in the signing of a lease with Wingstop for a 1,400 sf end-cap space at the Towngate Promenade in Moreno Valley, CA. Located at 12620 … Continued
Rancho Cucamonga, CA – March 3, 2021 – The Progressive Real Estate Partners brokerage team of Greg Bedell and Mike Lin announced today the for-sale listing of Farmer’s Corner, a 77,000 sf farmhouse-style indoor retail center located at 2500 S. San Jacinto Avenue in San Jacinto, CA. The iconic property is listed for $4,350,000 well … Continued
Rancho Cucamonga, CA – February 23, 2021 – Progressive Real Estate Partners, the leading Inland Empire retail brokerage firm, announced today the signing of a new lease with Grocery Outlet for a 16,130 square-foot anchor space at 12240 Hesperia Road, Victorville, California. This will be the chain’s first High Desert store reflecting its modern prototype … Continued
Rancho Cucamonga, CA – February 18, 2021 – Progressive Real Estate Partners (PREP) announced the sale of an 8.3 acre land parcel to Quick N Clean Car Wash for $2.3M in an all cash transaction. The site is located in the High Desert at the corner of Seneca Road and Highway 395 in Adelanto, CA. … Continued
Click Here to View Entire Video Video Index (with direct links to segment) 00.08 Introduction 03:18 Where exactly is SoCal’s Inland Empire 04:43 Does it concern you that people are leaving California 07:23 Why are you bullish on the Inland Empire 11:17 What is the attitude of the Inland Empire Cities and Counties 12:52 What … Continued
Rancho Cucamonga, CA – February 8, 2021 – Progressive Real Estate Partners’ Senior VP Paul Galmarini and Retail Leasing & Sales Specialist Roxy Klein represented the landlord and tenant in the signing of a lease for a 1,974 sf end cap space to Lefty’s Famous Cheesesteak & Grill at 2071 E. Highland Avenue in San … Continued
As a part of our retail investment sales and leasing brokerage business, the Progressive Real Estate Partners team speaks to hundreds of investors and tenants each month. We’ve found there are numerous investors expecting the pandemic to result in significant “bargains” on retail investment properties. My gut is that if you are sitting on the … Continued
Rancho Cucamonga, CA – January 27, 2021 – Progressive Real Estate Partners, the leading Inland Empire retail real estate brokerage firm, announced today the sale of the Shops at Fontana Square, a 7,194 square-foot unanchored multi-tenant retail center located at 17218 Foothill Boulevard in Fontana, California. The property sold for $2.8M in an all-cash transaction. … Continued
Rancho Cucamonga, CA – January 20, 2021 – Progressive Real Estate Partners, the leading Inland Empire retail real estate brokerage firm, announced today the sale of a former Food 4 Less grocery store located at 109 North McKinley Street in Corona, California for $4,788,000. The 55,000 square-foot building was sold to Expert Hardware Flooring. In … Continued
Rancho Cucamonga, CA – January 13, 2021 – Senior Vice President Paul Galmarini of Progressive Real Estate Partners represented the landlord in leasing a 2,000 sf end-cap space with patio to Dave’s Hot Chicken at The Hub shopping center in San Bernardino, California. Located at 1060 E. Harriman Place, the fast casual restaurant is expected … Continued
Rancho Cucamonga, CA – January 5, 2021 – Albert Lopez, Senior Retail Specialist at Progressive Real Estate Partners, represented the seller in the sale of a free-standing operating restaurant to Carnitas al Estilo Michoacan for $1,650,000. Located at 23040 Alessandro Boulevard in Moreno Valley, California, the recently remodeled fully equipped restaurant features an extra-large kitchen … Continued
Data, Concerns & Opportunities Suffice it to say that 2020 has been unlike any other year. And, certainly with all the pandemic related challenges it could have been much worse for SoCal’s Inland Empire retail real estate market. Fortunately, this industry is filled with positive, tenacious individuals, including our team at Progressive Real Estate Partners, … Continued