Rancho Cucamonga, CA – August 3, 2022 – Progressive Real Estate Partners brokers’ Greg Bedell, Senior VP and Roxy Klein, VP of Retail Leasing & Sales represented an Orange County based investor in the $2,850,000 sale of an +/-8,700 square-foot freestanding building located at 4180 Green River Road in Corona, CA. An Inland Empire based … Continued
Rancho Cucamonga, CA – July 20, 2022 – Progressive Real Estate Partners brokers’ Mike Lin VP of Investment Sales and Roxy Klein, VP of Retail Leasing & Sales represented a Los Angeles based investor in the sale of a 28,000 square-foot freestanding retail building located at 5483 Moreno Street, Montclair, California to a Los Angeles … Continued
Rancho Cucamonga, CA – July 11, 2022 – Progressive Real Estate Partners brokers’ Greg Bedell, Senior VP of Investment Sales and Paul Su, VP of Leasing and Sales represented a Los Angeles based investor in the $2,250,000 sale of a 4,972 square-foot freestanding retail building to the owner and operator of the Beauty 4U retail … Continued
The Progressive Real Estate Partners team spends a lot of time helping our clients understand the current market conditions relative to leasing and selling retail real estate. One of the key questions these days is how the rising short and long-term interest rate environment might impact retail real estate. Although most of the items outlined … Continued
Rancho Cucamonga, CA – June 27, 2022 – Progressive Real Estate Partners, a leading Southern California retail real estate brokerage firm, announced today the sale of a 9,226 square-foot 100% occupied shop building located at 903-911 W. Foothill Boulevard in Claremont, California. The property is adjacent to a Sprouts Farmers Market and is located in … Continued
Rancho Cucamonga, CA – June 23, 2022 – Progressive Real Estate Partners, the Inland Empire’s leading retail real estate brokerage specializing in the sale and leasing of retail properties, announced today that the firm, along with Hanley Investment Group Real Estate Advisors, completed the sale of a brand new, single-tenant net-leased investment occupied by KFC … Continued
Rancho Cucamonga, CA – June 21, 2022 – VP of Retail Leasing & Sales Roxy Klein of Progressive Real Estate Partners represented the landlord in leasing a 2,062 sf drive-thru end cap space with patio to Dunkin’ at 16170 Perris Boulevard in Moreno Valley, CA. The location is part of the approximately 90,000 sf Iris … Continued
Amazon Fresh recently opened in La Verne, California which is very close to where I live. The store opened in what was formerly an 89,000 SF Kohl’s, but as a sign of the times, Kohl’s downsized and leased out a portion of the store to Amazon. The store is approximately 40,000 square-feet and my wife … Continued
Rancho Cucamonga, CA – June 1, 2022 – Pablo Velasco, Senior VP of Leasing & Sales at Progressive Real Estate Partners, represented the developer in the signing of a 10-year lease with Starbucks for a 1,800 square foot drive-thru at 4300 Green River Road in Corona, California. The prime location is visible from the 91 freeway … Continued
The 2022 ICSC convention in Las Vegas just concluded this past week after a two-year hiatus due to the pandemic. The comeback was strong with 21,000+ in attendance and was easily the biggest meeting of industry professionals since the start of the pandemic. Although I didn’t personally attend, six members of the Progressive Real Estate … Continued
Rancho Cucamonga, CA – May 13, 2022 – Progressive Real Estate Partners announced today that the firm has been awarded the exclusive listing to sell or lease a portfolio of four non-operating car wash properties in Apple Valley, Hesperia, Pomona and San Bernardino, California. The owner is an institutional investor that previously leased these properties … Continued
Rancho Cucamonga, CA – May 5, 2022 – Paul Su, VP of Retail Leasing & Sales at Progressive Real Estate Partners recently completed a lease transaction with Round Table Pizza for a 2,700 sf end cap space with enclosed patio at 10515 Sierra Avenue in Fontana, California. The store will reflect the chain’s new prototype design … Continued
Rancho Cucamonga, CA – April 21, 2022 – Progressive Real Estate Partners brokers Albert Lopez, Senior Retail Specialist and Pablo Velasco, Senior VP of Retail Leasing & Sales represented the landlord, Fritz Duda Company, in a 15 year ground lease with Texas Roadhouse for a new approximately 7,500 sf restaurant at the TownGate Plaza shopping … Continued
By: Brad Umansky, President of Progressive Real Estate Partners As a SoCal Inland Empire Retail Specialist for the past 30 years, I have seen this relationship “through sickness and health” and I am pleased to say that we are in very healthy times. The following provides some of the vital statistics demonstrating the health of … Continued
Rancho Cucamonga, CA – April 5, 2022 – Progressive Real Estate Partners, the leading Inland Empire retail brokerage firm, announced today the signing of a new lease with Nordstrom Rack for a 30,000 square-foot anchor space (formerly Bed Bath & Beyond) at 2660 Canyon Springs Parkway in Riverside, California. The store will be located in … Continued
Rancho Cucamonga, CA – March 23, 2022 – Progressive Real Estate Partners, the Inland Empire’s leading retail real estate brokerage firm, announced today the $8M sale of The Grove which is a Circle K anchored neighborhood center located at 1542-1598 Orange St. in Redlands, CA. The 39,339 square foot property is situated at the signalized … Continued
Rancho Cucamonga, CA – March 1, 2022 – Progressive Real Estate Partners, the Inland Empire’s leading retail real estate brokerage, announced today the signing of five new leases totaling 21,765 square feet at Corona Hills Plaza bringing the center to 97% leased. The popular outdoor regional center is located adjacent to the heavily traveled 91 … Continued
Hard to believe but it was 30 years ago this month that I started in the commercial real estate brokerage business. As I celebrate this milestone I find myself reflecting on how I got here and what I’ve learned along the way. In 1992 I had recently received my undergraduate degree from the Wharton School … Continued