I’m pleased to share that I recently earned the CCIM Designation following over 200 hours of course work and successfully passing the 6-hour exam in Seattle last month. The acronym CCIM stands for Certified Commercial Investment Member. This designation has been earned by over 25,000 people since 1967 and about 13,500 individuals currently hold the … Continued
Rancho Cucamonga, CA – October 30, 2023 – Progressive Real Estate Partners, the leading Inland Empire retail real estate brokerage, announced the $7,450,000 sale of a 21,918 square-foot 100% occupied shop building at 10582 Foothill Boulevard in Rancho Cucamonga, California. The 9-tenant shop building sold at a 6.11% cap rate in an all cash 1031 … Continued
Last week, twelve members of the Progressive Real Estate Partners team traveled to San Diego to attend the 2023 ICSC Western Conference. Since our firm is primarily active in Southern California this is always one of our favorite conferences because of the California and overall West Coast focus. Our team interacted with hundreds of our … Continued
Rancho Cucamonga, CA – October 11, 2023 – Progressive Real Estate Partners, the leading Inland Empire retail real estate brokerage firm, announced today the sale of a single-tenant DaVita Dialysis clinic located at 82900 Avenue 42 in Indio, California. The property sold for $4,450,000 in a 1031 exchange transaction and traded at a 5.66% cap … Continued
Rancho Cucamonga, CA – October 3, 2023 – Senior Retail Specialist Albert Lopez of Progressive Real Estate Partners represented the landlord in a 15-year ground lease with KFC for an approximately 3,273 sf drive thru restaurant at 1851 East G Street in Ontario, California. The property is at the intersection of the I-10 freeway and … Continued
About 15 years ago, I was involved in a transaction for over $10M that didn’t close because the buyer’s money was stolen by their Qualified Intermediary (“QI”) also known in the industry as a 1031 Accommodator. The buyer had inherited agricultural land that they had sold for over $20M. They entrusted these funds to a … Continued
Rancho Cucamonga, CA – August 24, 2023 – Progressive Real Estate Partners brokers Paul Su and Paul Galmarini represented the landlord of Foothill Marketplace in a 10-year lease with The Noypitz Bar and Grill for a 9,100 square-foot space at 12809B Foothill Boulevard in Rancho Cucamonga, California. The space is part of the 550,000+ square … Continued
Ask any property owner, tenant, developer, or broker what they think of the American Disabilities Act (“ADA”), and you will likely get an earful of negative feedback. I share much of that sentiment as I believe that the implementation of the ADA has fallen short of its intended goals. I recently returned from visiting my … Continued
Rancho Cucamonga, CA – July 24, 2023 – Progressive Real Estate Partners, the Inland Empire’s leading retail real estate brokerage, announced today the signing of three new leases totaling 24,220 square feet at Canyon Springs Marketplace in Riverside, California bringing the popular regional center to 100% leased. Located at Day Street and Canyon Springs Parkway … Continued
Today’s retail real estate market in SoCal’s Inland Empire fascinates me. In my 30+ year career and as President of Progressive Real Estate Partners, I believe this may be the fundamentally strongest market that I have seen. And yet when you speak to all the different players, the narrative might make you think otherwise. The … Continued
Rancho Cucamonga, CA – July 6, 2023 – Progressive Real Estate Partners, the Inland Empire’s leading retail real estate brokerage firm, announced today the $7,157,500 sale of the Merit Auto Spa full-service car wash center located at 465 N. McKinley Street in Corona, California. The purchase included both the business and real estate. The recently … Continued
Rancho Cucamonga, CA – June 20, 2023 – Paul Su, Senior VP of Retail Leasing & Sales at Progressive Real Estate Partners, represented the landlord in a 10-year lease with The Habit Burger Grill for a 2,366 sf drive thru pad building at 1245 N. Grand Avenue in Walnut, California. Situated directly across from Mt. … Continued
Rancho Cucamonga, CA – May 30, 2023 – Progressive Real Estate Partners, the leading SoCal Inland Empire retail real estate brokerage firm, announced the sale of 4.84 acres of land at 1400 E. Arrow Highway in Upland, CA for $6.5M in an all-cash transaction. The Landmark Company, which is a SoCal based real estate investment … Continued
It was great to be back in person at this year’s ICSC Las Vegas conference and to learn about the latest trends shaping the retail real estate industry. Nine brokers from the Progressive Real Estate Partners team attended and we had an incredibly productive show with lots of meetings, learning and networking. In an industry … Continued
Rancho Cucamonga, CA – May 10, 2023 – Progressive Real Estate Partners, the leading Southern California Inland Empire based retail real estate brokerage, announced it has closed the $6M sale of South Sierra Plaza, a 17,250 square-foot unanchored strip center located at 10660 South Sierra Avenue in Fontana, California. The 12-unit center traded at a … Continued
Like many of you I’m excited to watch the Kentucky Derby this weekend. The infamous race is known for its pageantry and unpredictability, with different horses and jockeys vying for the win. Similarly, SoCal’s Inland Empire retail real estate market is also full of twists and turns, with a multitude of factors affecting its success … Continued
Rancho Cucamonga, CA – April 5, 2023 – Progressive Real Estate Partners, the leading Inland Empire retail brokerage firm, announced that it has completed a lease with Sky Zone for a new 30,700 sf Sky Zone indoor entertainment park at 12449 Foothill Boulevard in Rancho Cucamonga, California. Sky Zone has over 200 locations throughout the … Continued
Rancho Cucamonga, CA – March 27, 2023 – Progressive Real Estate Partners, a leading SoCal Inland Empire retail real estate brokerage firm, announced that Heather Sharp has joined the firm as a Senior VP of Retail Sales & Leasing. Sharp will be leading Progressive Real Estate Partner’s expansion into the Coachella Valley. In addition to … Continued