This is a very important topic and I hesitated to write this blog because as a broker I can’t give tax advice—BUT I can share tax information which is what I’m doing here. And to cover my you-know-what here’s the fine print: No one should rely solely on this blog for making any decisions or … Continued
Rancho Cucamonga, CA – July 21, 2025 – Progressive Real Estate Partners’ Senior Vice President Greg Bedell represented a Bay Area private investor in the sale of Peppertree Plaza for $6,680,000 in an all-cash 1031 exchange transaction. The shopping center is located at 2745-2787 West Shaw Avenue in Fresno, California and is situated at the signalized … Continued
Rancho Cucamonga, CA – June 25, 2025 – Progressive Real Estate Partners’ Senior VP of Retail Leasing & Sales Paul Su represented the Cherng Family Trust in a 10-year lease with MINISO for a 5,930 square-foot space (former Chase Bank) at 17247 Colima Road in Hacienda Heights, California. Located within the 135,000 square-foot Bixby Hacienda Plaza, the new lease brings the … Continued
Rancho Cucamonga, CA – June 16, 2025 – Progressive Real Estate Partners, the leading Inland Empire retail real estate brokerage firm, announced the sale of a single-tenant NNN AutoZone Mega Hub located at 601 E. Holt Avenue in Pomona, California. The 30,000 square-foot building (including mezzanine) sold for $5,700,000 in a 1031 exchange transaction. AutoZone … Continued
Rancho Cucamonga, CA – June 3, 2025 – Progressive Real Estate Partners, the leading Inland Empire retail brokerage firm, announced the signing of a new 10-year lease with Loma Linda University Children’s Hospital (LLUCH) for an 8,400 square foot sub-anchor space at 16874 South Highland Road in Fontana, California. The space is within the recently … Continued
Ten Progressive Real Estate Partners team members just returned from the retail industry’s biggest conference of the year. Personally, this was my 28th or 29th ICSC Las Vegas show (you start to lose count after 25+) and overall it was a very positive and productive experience. During the conference our team met with tenants (aka … Continued
Rancho Cucamonga, CA – May 6, 2025 – Progressive Real Estate Partner’s VP of Retail Leasing & Sales Monica Dal Bianco-West represented the landlord in a 10-year lease with Country Kitchen restaurant for an approximately 3,040 sf endcap space with enclosed patio at 8800 Baseline Road in Rancho Cucamonga, CA. The space is located in the recently renovated … Continued
Rancho Cucamonga, CA – April 22, 2025 – Progressive Real Estate Partners brokers Paul Galmarini and Paul Su represented the landlord in a 10-year lease with Umi Hotpot Sushi & Seafood Buffet for a 11,500 square-foot freestanding restaurant space (former Claim Jumper) at 12499 Foothill Boulevard in Rancho Cucamonga, California. The space is part of … Continued
With the current economic uncertainty, it is more important than ever for shopping center owners to be proactive and engaged. In Southern California’s Inland Empire retail market—where Progressive Real Estate Partners primarily focuses its efforts—we have experienced four quarters of negative net absorption for the first time in 20 years and that is BEFORE factoring … Continued
As the first quarter of 2025 wraps up it is clear that Southern California’s Inland Empire retail market is experiencing changing dynamics and faces some challenges and uncertainty going forward. Before reviewing the factors driving these changes, let’s start with some basic stats regarding the retail market according to CoStar: The vacancy rate increased from … Continued
Rancho Cucamonga, CA – March 26, 2025 – Progressive Real Estate Partners’ VP of Retail Leasing & Sales Albert Lopez represented the landlord in a ground lease with Dutch Bros for a new 950 square-foot freestanding pad building with double drive-thru at 7285 Boulder Avenue in Highland, California. The property is part of the well-established … Continued
Rancho Cucamonga, CA – March 19, 2025 – Progressive Real Estate Partners, the leading Inland Empire retail brokerage firm, announced the signing of a new 10-year lease with Savers Value Village for a 23,500 square-foot anchor space at 9640 Baseline Road in Rancho Cucamonga, California. The space was formerly occupied by 99 Cents Only. With … Continued
A frequent saying at Progressive Real Estate Partners is “sharing is caring.” Although I typically write about economic conditions facing Inland Southern California, specific retailers, or ideas that can help shopping center owners this blog is more about sharing something I came across that I think will be of interest to many readers. As a … Continued
Rancho Cucamonga, CA – February 17, 2025 – Progressive Real Estate Partners announced the $6,789,000 all cash sale of a 44,290 square-foot multi-tenant commercial flex center at 165 W. Hospitality Lane in San Bernardino, California. The center is part of the Tri City Commercial Hub/Hospitality Lane District which is ideally situated at the intersection of the … Continued
A recurring theme when our team speaks with shopping center property owners these days is the impact of individuals loitering at their property. This includes instances of unhoused individuals sleeping on-site, people experiencing mental challenges loitering and scaring customers, panhandling activity and individuals living in their vehicles on the premises. These situations affect the overall … Continued
Rancho Cucamonga, CA – January 22, 2025 – Progressive Real Estate Partners, the Inland Empire’s leading retail real estate brokerage firm, announced today the $5,200,000 sale of a Mobil Gas Station, Convenience Store and Express Car Wash at 130 West Valley Boulevard in Colton, California. The purchase included both the business and the real estate. … Continued
Rancho Cucamonga, CA – January 7, 2025 – Investment Sales Advisor Trinnie Lee and Senior VP Greg Bedell of Progressive Real Estate Partners announced the acquisition of a new STNL McDonalds with double drive-thru for $2,666,666 in a 1031 exchange transaction. The property is located at 26761 East University Drive in Aubrey, Texas (Dallas-Fort Worth … Continued
As we enter 2025, I am thinking a lot about what’s ahead for the retail commercial real estate market. The market is far too complicated to make specific predictions so instead I will share where we are as of January 1, 2025 and what variables I will be paying most attention to as we move … Continued