Rancho Cucamonga, CA – July 17, 2024 – Progressive Real Estate Partners’ Senior Retail Specialist Albert Lopez represented the landlord in the signing of a 20-year lease with International House of Pancakes (IHOP) for a 5,020 square-foot space at 17398 Main Street in Hesperia, California. The building which was formerly occupied by Country Kitchen/Carrows is … Continued
Rancho Cucamonga, CA – July 8, 2024 – Roxanne “Roxy” Klein, VP of Retail Leasing & Sales at Progressive Real Estate Partners, has successfully represented two Capriotti’s Sandwich Shop franchisees in securing leases for new locations in Ontario, CA, and Murrieta, CA. Both restaurants are set to open in mid-July. New Locations: 1. 920 N … Continued
In addition to Progressive Real Estate Partner’s primary focus on the retail real estate market in Southern California’s Inland Empire, we continue to expand our presence to the Eastern San Gabriel Valley (605 Freeway east toward the Los Angeles County line). As a result, I have combined data from this marketplace with the Inland Empire … Continued
Rancho Cucamonga, CA – June 24, 2024 – Progressive Real Estate Partners, a leading Inland Empire and San Gabriel Valley retail brokerage, arranged the $2,437,500 all cash sale of a multi-tenant retail strip center at 532-540 North Azusa Avenue in West Covina, California. The 7,760 square foot center is 100% occupied and is prominently situated on Azusa … Continued
Rancho Cucamonga, CA – June 18, 2024 – Progressive Real Estate Partners is pleased to announce that their brokerage team of Roxanne “Roxy” Klein and Paul Su have been selected by Kimco Realty to lease Chino Hills Marketplace in Chino Hills, California. The 310,600 square-foot community center is home to Smart & Final Extra, 24-Hour … Continued
I am pleased to share that ten of the Progressive Real Estate Partners team have just returned from a few very intense days at the ICSC Las Vegas Conference which is the largest annual gathering of retail real estate professionals. Our team estimates that we shook hands, hugged, fist bumped, and of course talked and … Continued
I recently had the opportunity to attend and participate as a retail panelist at the RENTV Inland Empire State of the Market Conference. I enjoyed sharing the podium with Matt Magnaghi of Kimco Realty Corporation, Chris Kehl of SRS Real Estate Partners and Todd Huber of Paragon Commercial as we provided an update on the … Continued
Rancho Cucamonga, CA – May 6, 2024 – Progressive Real Estate Partners, a leading Southern California retail brokerage, arranged the $3.5M ($555 psf) all cash sale of a 7-Eleven anchored NNN retail strip center at 728 West Vernon Avenue in Los Angeles, California. The 6,300 square foot 3-tenant center is fully leased and is located … Continued
I have always found that the Marcus & Millichap (NYSE: MMI) quarterly and annual SEC reports are very informative and, in my opinion, present the purest form of data about the investment sales brokerage business. Reading these reports helps me understand information like average deal size, transactions per broker, expense ratios and similar data that … Continued
If someone tells you with certainty what your retail property is worth in today’s market, you can be confident that they are either naive or not giving you the full picture. Following the 2021-2022 era of record velocity and low cap rates the market is at a crossroads. On one hand, there is not enough … Continued
Palm Desert, CA – April 2, 2024 – Progressive Real Estate Partners, a leading Inland Empire and Coachella Valley retail brokerage firm announced the sale of a 33,004 square-foot retail property at 13000-13160 Palm Drive in Desert Hot Springs, California. The $6.1M all-cash sale included a multi-tenant shop building and two pad buildings, one of … Continued
Rancho Cucamonga, CA – March 20, 2024 – Progressive Real Estate Partner’s VP of Retail Leasing & Sales Roxanne “Roxy” Klein represented an American Family Care (AFC) franchisee in a lease for a 4,452 square-foot space at 2795 Cabot Drive #157 in Corona, California. The space is in the popular Dos Lagos open-air shopping … Continued
Unfortunately, it has become all too common for corporate retail tenants to attempt to renegotiate their rent when the lease term is coming due even when the store is a strong performer AND there are options built into the lease to renew at pre-determined and agreed upon rents. This practice has become big business for … Continued
BAKERSFIELD, Calif. – February 20, 2024 – Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, and Progressive Real Estate Partners, a boutique commercial brokerage firm specializing in the leasing and sales of retail properties in Southern California’s Inland Empire, announced today that the … Continued
Rancho Cucamonga, CA – February 6, 2024 – Roxanne “Roxy” Klein of Southern California-based Progressive Real Estate Partners has been named the new 2024 President of ACRE SoCal. In this volunteer role, Klein will lead the ACRE Board of Directors to help grow the ACRE brand thru hosting a variety of activities ranging from retail … Continued
On April 1, 2024, the minimum wage for fast food workers who work at a “National Fast Food Chain” will increase to $20/hour in California. This is a full 25% higher than the current $16/hour for all other workers. This minimum wage is the major provision of Assembly Bill 1228 that was signed by the … Continued
There have been a lot of articles and blogs detailing all the events of 2023. Although it’s always good to reflect back and learn from experience, at Progressive Real Estate Partners we’re more focused on understanding the current environment and looking forward. SoCal’s Inland Empire region continues to enjoy population growth, new housing developments, job … Continued
Rancho Cucamonga, CA – December 19, 2023 – Progressive Real Estate Partners brokers Chris Lindholm and Paul Galmarini announced the sale of a 1.73 acre parcel of vacant land for $3,000,000 in an all cash transaction. The land, which is zoned mixed-use, is located at the northwest corner of Foothill Boulevard and Etiwanda Avenue in … Continued