Rancho Cucamonga, CA – February 6, 2023 – Progressive Real Estate Partners, the Inland Empire’s leading retail real estate brokerage firm, announced today the $11,900,000 all-cash sale of a Chevron Station, Convenience Store and Car Wash at 996 Mountain Avenue in Norco, California. The property sold at full asking price and the purchase included both … Continued
This blog is a bit promotional, but mostly for Mike Tohikian’s Hot Spotting Podcast. I recently had the opportunity to be a guest on Mike’s podcast and it was a lot of fun. The first episodes of the Hot Spotting Real Estate Podcast launched in January 2022. Thus far, he has dropped 22 episodes with … Continued
Rancho Cucamonga, CA – January 26, 2023 – Progressive Real Estate Partners, the leading SoCal Inland Empire retail real estate brokerage firm, announced today the $1,850,000 sale of 1.72 acres of land at 898 E. Harriman Place in San Bernardino, CA. The land is adjacent to Best Buy and is located in the popular Hospitality … Continued
Last year was a record year for the Progressive Real Estate Partners team having completed more retail investment sales and leasing transactions (134) than any other brokerage in SoCal’s Inland Empire. Although our relationships, skills, and marketing were key to our success we also recognize that the thriving Inland Empire economy and having the wind … Continued
Rancho Cucamonga, CA – January 16, 2023 – Progressive Real Estate Partners Senior VP of Retail Leasing & Sales, Paul Su, recently completed the $1,156,000 sale and leaseback of a 3,060 square-foot freestanding retail building located at 1959 East 4th Street in Ontario, California. The single story building is an outparcel to the 100% occupied … Continued
This year’s holiday calendar results in Christmas and New Years both being on Sunday which is likely to mean our industry will be very quiet next week. Commercial real estate seems to have morphed into an industry with very little mental time off as emails and texts just don’t stop. I am actually hopeful that … Continued
The headline of this blog paraphrases a quote attributed to Confucious that says, “the man who chases two rabbits catches none.” As I observe the restaurant industry these days, this saying comes to mind. The question I am asking is how well restaurants can adopt ALL the customer delivery methods AND still maintain their brand … Continued
Rancho Cucamonga, CA – December 9, 2022 – Progressive Real Estate Partners, the leading Inland Empire retail real estate brokerage firm, announced today the sale of two adjacent single tenant retail properties that were purchased by private investors in separate deals totaling $4,220,000. The buildings are located at 3940 and 3980 University Avenue in Downtown … Continued
Rancho Cucamonga, CA – November 30, 2022 – Progressive Real Estate Partners, a leading SoCal retail real estate brokerage announced the sale of a 4,584 square-foot 100% occupied multi-tenant retail center located in the heart of Carlsbad Village at 711 Grand Avenue in Carlsbad, CA (San Diego County). The property is less than a ½ … Continued
It is with great sorrow that I share that Cheryl Fry recently passed away suddenly and unexpectedly of cardiovascular disease. She was 64. For those of you who didn’t know her, Cheryl was active in the commercial real estate industry for the past 30 years. She spent virtually all of that time as a Real … Continued
Rancho Cucamonga, CA – November 16, 2022 – Progressive Real Estate Partners, the Inland Empire’s leading retail real estate brokerage firm, announced today the $8.4M sale of Chino Village located at 4103 Riverside Drive in Chino, CA. The purchase included a neighborhood retail center (20,600 sf) and approximately 2.5 acres of undeveloped land with flexible … Continued
Rancho Cucamonga, CA – November 9, 2022 – Progressive Real Estate Partners, the leading Inland Empire retail brokerage firm, announced today that it has completed a lease with Target for a new freeway adjacent location at 1670 E. Fourth Street in Ontario, California. Target will occupy 70,000 square feet of a former Kmart that closed … Continued
In my most recent blog I provided an update on the 3rd quarter 2022 retail real estate market in SoCal’s Inland Empire. In that blog I referenced the fact that there has only been about 750K square feet of new retail space delivered through the first three quarters of this year and only 850K in … Continued
Rancho Cucamonga, CA – October 26, 2022 – Progressive Real Estate Partners announced today that Foothill Plaza is 100% leased after the recent signing of a lease with WSS to take over the former Rite Aid space. The 92,000 square-foot El Super anchored center is located at 16910 Foothill Boulevard in Fontana, California at the … Continued
Many members of the Progressive Real Estate Partners team just returned from ICSC’s Western Conference in San Diego which happened to coincide with the end of the 3rd quarter of 2022. Some of the phrases most often heard or discussed at the conference included: “Change”, “Choppy Waters”, “Expansion”, “Higher Construction Costs”, “Lack of Good Space” … Continued
Rancho Cucamonga, CA – October 5, 2022 – Progressive Real Estate Partners, the leading Inland Empire retail brokerage firm, announced today that it has executed a lease with Fitness 19 at 25586 Barton Road in Loma Linda, California. The 20,100 square-foot space is located in the Stater Bros. anchored Loma Linda Plaza that is next … Continued
Rancho Cucamonga, CA – September 20, 2022 – Progressive Real Estate Partners, the leading Inland Empire retail real estate brokerage firm, announced today that Kalaveras, a Southern California-based Mexican restaurant chain, has purchased a fully equipped restaurant located at 23060 Alessandro Boulevard in Moreno Valley, California for $2,785,000. The 8,927 square-foot building was previously home … Continued
Rancho Cucamonga, CA – September 15, 2022 – Senior VP Paul Galmarini of Progressive Real Estate Partners represented WSS in leasing a 15,000 sf space (former Rite-Aid) at 3849 Chicago Avenue in Riverside, CA. The store is located at the major signalized intersection of University Avenue and Chicago Avenue with traffic counts of over 46,000 cars … Continued