It’s no secret that Southern California’s Inland Empire (IE) economy has made an incredible come back from the recession. The region is experiencing record growth and shows no sign of slowing down. Here’s a recap of why the IE is at the top of its game: 1. A $134B Economy: The IE has the 24th … Continued
[vc_row][vc_column][vc_column_text]Directly beneath stylish apartments lie appetizing restaurants, convenient and unique retail shops with thriving cultural and walkable streets. Across from this mixed-use center, sits the bustling Metro link train station eager to take traveling commuters to their destinations. Sound familiar? No, it’s not downtown Los Angeles, Pasadena or San Francisco, but the newly developed project, … Continued
The grocery store category is experiencing a lot of change in Southern California’s Inland Empire market. In just the past few months, newcomers Aldi and Grocery Outlet have announced their first store openings meanwhile Haggen has failed miserably and Fresh & Easy continues to melt down. As the owner of a retail brokerage that represents … Continued
Last week, the Progressive Real Estate Partners brokerage team was out in full force working the San Diego ICSC Western Conference looking to build relationships, attract retailers to their projects, acquire knowledge, and get a pulse on today’s retail landscape. The conference theme, “Retail is Back in Black” with a rock n roll spin was … Continued
By Brad Umansky Earlier this month I attended Connect Media’s very FIRST “Connect Inland Empire” conference and what a great event! In addition to lots of networking, the agenda was packed full of interesting speakers, and informational panels whose participants provided an overview of Southern California’s Inland Empire economy with a focus on commercial real … Continued
By Brad Umansky – President of Progressive Real Estate Partners Costco is one of my favorite stores. As the owner of a CRE brokerage that specializes in retail leasing and investment sales, I love retail and I’m always interested in how smart retailers operate and market their stores. The feelings that many get when going … Continued
By Progressive Real Estate Partners 5. CRE is a Revolving Door Too often, people are bored with their 9-to-5 paper pushing jobs; probably because they stopped learning—and as soon as they stopped learning, they stopped growing. In the commercial real estate world, the education train never stops. Whether it’s learning about an emerging (or submerging) … Continued
By Brad Umansky This week brought very exciting news to the Inland Empire! The Los Angeles World Airport authority that controls LAX has entered into an agreement to return control of Ontario International Airport (ONT) to local control. It has been OVER 45 years since ONT has been under local control. Why is this significant? … Continued
By Brad Umansky I attended the RealShare Inland Empire event last week and it was really a treat to be in a room of people interested in the Inland Empire, but who were not strictly retail focused. As a guy whose entire working life has involved living and breathing retail, I sometimes forget about the … Continued
The Progressive Real Estate Partners (PREP) team just returned from the ICSC RECon15 convention and what an amazing show! Attendance topped 36,000 and the excitement and energy amongst the attendees was contagious. The jam-packed four day event included networking, educational sessions, inspirational speakers (including Peyton Manning and John Maxwell) and numerous receptions and parties. The … Continued
By Brad Umansky When acquiring a retail property, there is no substitute for reviewing the leases, analyzing the financials, performing physical inspections and all the other items that may be on your due diligence checklist. Fortunately, some great apps and websites have emerged over the past few years that provide useful information to help you … Continued
By Brad Umansky Progressive Real Estate Partners (PREP) is an active member of Retail Brokers Network (RBN)—one of the largest and fastest growing networks specializing in retail real estate in the US and Canada. There are currently over 60 member firms and PREP is proud to be the exclusive representative of Southern California’s Inland Empire … Continued