Brad’s Blog – Interpreting Mixed Signals in the Retail Real Estate Market Heading Into 2025
October 9, 2024

The Progressive Real Estate Partners team just returned from the ICSC Western Conference held in Palm Springs, CA.  The energy level was high and it’s always refreshing to meet face-to-face and have those impromptu chats you just can’t replicate online. As we debriefed from this conference, it’s clear that each individual’s perspective is very much … Continued

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Brad's Blog - 7 Observations Affecting Today’s Inland SoCal Retail Leasing Market
September 3, 2024

As I have said for years, there are three certainties of life; death, taxes AND that retail real estate keeps changing. Many who read this blog are not in the retail leasing market trenches day in and day out. For those of you who are, items in this blog may confirm what you already know, … Continued

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Brad's Blog - Inland Empire & Eastern San Gabriel Valley Mid-Year Retail Report
July 8, 2024

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

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Brad’s Blog – 9 Highlights from the 2024 ICSC Las Vegas Conference
May 29, 2024

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

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Brad’s Blog – 12 Takeaways from the 2024 RENTV Inland Empire State of the Market Conference
May 9, 2024

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

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Brad's Blog - The Importance of Using a Loan Expert When Financing Your Commercial Property
April 26, 2024

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

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Navigating Today’s Retail Investment Sales Market in SoCal's Inland Empire
April 10, 2024

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

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Brad’s Blog - 5 Strategies for Navigating Rent Renegotiations When a Retailer Has Renewal Options
March 11, 2024

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

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Brad's Blog - Unpacking CA $20/hour Fast Food Minimum Wage Legislation
February 2, 2024

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

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Brad's Blog - Inland Empire Retail Wrap Up and Outlook for 2024
January 5, 2024

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

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Brad’s Blog - 5 Book Recommendations for Next Week or Next Year
December 18, 2023

As the year 2023 winds down, many in the real estate industry try to find some time over the next few weeks for education, introspection, and self-improvement.  Along those lines, I’m always on the lookout for good reads and the following are five books that I have personally read in 2023 that I would recommend: … Continued

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Brad's Blog - My Journey to Earning the CCIM Designation
November 13, 2023

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

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