2021 SoCal Inland Empire Retail Real Estate Market Recap
December 23, 2021

As we wrap up 2021, I’m pleased to share that it was a record year for Progressive Real Estate Partners. And although we might like to believe it was purely a result of our wonderful clients, terrific broker and industry relationships, skilled team, outstanding resources and aggressive marketing we also acknowledge that we really had … Continued

Read More

August 25, 2021

We are pleased to share this 5 minute video by PREP’s Vice President of Investment Sales, Mike Lin, in which he takes you through a recent industry report that highlights the strength and recovery of the retail industry. This is good info and we wanted to share it with all that typically receive Brad’s Blog. … Continued

Read More

ICSC Rebranding
July 25, 2021

I have been an ICSC member for just under 30 years. Candidly I must admit that my initial reaction to receiving ICSC’s rebranding email was “this sucks”.  In talking to others many felt the same.  The “Innovating Commerce Serving Communities” name is a mouthful and certainly easily forgettable.   More importantly after watching the 30 minute … Continued

Read More

May 26, 2021

In the past year alone, our team at Progressive Real Estate Partners has sold: A former Pier One to an independent beauty supply company A former Food 4 Less to a regional flooring retailer/distributor A former Banner Mattress to a cell phone franchisee A former Acapulco Restaurant to an independent Japanese Restauranteur A former Mexican restaurant to … Continued

Read More

March 28, 2021

We’ve all seen the headlines about the economy taking off post pandemic and based on my personal life experience I’m inclined to agree. Both my wife and daughter have conditions that gave them great concern about Covid and like many other families we have been in “lock down” mode for the past year. During this … Continued

Read More

Video: Why Brad Umansky is Bullish on the Inland Empire
February 11, 2021

Click Here to View Entire Video Video Index (with direct links to segment) 00.08  Introduction 03:18  Where exactly is SoCal’s Inland Empire 04:43  Does it concern you that people are leaving California 07:23  Why are you bullish on the Inland Empire 11:17  What is the attitude of the Inland Empire Cities and Counties 12:52  What … Continued

Read More

When Will All the Retail Investment Bargains Arrive
January 27, 2021

As a part of our retail investment sales and leasing brokerage business, the Progressive Real Estate Partners team speaks to hundreds of investors and tenants each month. We’ve found there are numerous investors expecting the pandemic to result in significant “bargains” on retail investment properties. My gut is that if you are sitting on the … Continued

Read More

2021 Inland Empire Retail Real Estate Market
December 28, 2020

Data, Concerns & Opportunities Suffice it to say that 2020 has been unlike any other year.  And, certainly with all the pandemic related challenges it could have been much worse for SoCal’s Inland Empire retail real estate market.  Fortunately, this industry is filled with positive, tenacious individuals, including our team at Progressive Real Estate Partners, … Continued

Read More

Inland Empire Investment Sales Market as of Nov 2020
November 24, 2020

Below are two charts. The top one shows the average price per square foot for retail properties that have recently sold in Southern California’s Inland Empire. The bottom one shows the cap rates for these same properties. If you had no context other than these charts, most people would say that this is a booming … Continued

Read More

Leasing Indicators for Inland Empire Retail Scene 3rd Quarter 2020
October 21, 2020

We all know about the negative impact the pandemic has had on many in the shopping, travel, fitness and restaurant business so I’m not going to reiterate that here.  Instead, in this blog I’m going to focus on the actual financial metrics resulting from the related recession on SoCal’s Inland Empire. The following are 11 … Continued

Read More

September 9, 2020

If you regularly read my blogs you know that I generally avoid being political. Not with this blog. I am adamantly opposed to California’s Proposition 15. In my opinion, the state’s desire to increase revenue on the backs of the business community will be very damaging which will far outweigh any benefit that the communities … Continued

Read More

September 1, 2020

With the election season upon us it’s a good time to review some of the tax proposals that are being suggested.  According to numerous online sources, Presidential nominee Joe Biden is proposing a number of changes to the Federal tax code that would affect commercial real estate investors. The goal of this blog post is … Continued

Read More