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
By Brad Umansky As we close out the first quarter of 2015, the Inland Empire is once again one of the fastest growing economies in the state AND it is definitely becoming more of a “landlord’s market”. Our team is regularly hearing, “there is not enough good space” or, “we are constantly competing for great … Continued
By Brad Umansky The health club industry has always fascinated me, especially based upon the fact that initially I would have never thought that an economic downturn would have caused a large expansion in the business. Ever since 2009, we have seen a huge expansion of the fitness industry with clubs being built by LA … Continued
By Brad Umansky It sure seems like traffic has been getting a lot worse over the past 6 months in the Inland Empire. We have no empirical data to support our findings. Just a lot of experiential observations. It has just been a recurring topic in our office as we drive throughout the Inland Empire … Continued