![Dutch Bros Under Construction Oct 2022 (3) What Type of Retail Space is Being Built in the Inland Empire?](https://progressiverep.com/wp-content/uploads/2022/10/Dutch-Bros-Under-Construction-Oct-2022-3-350x234.jpg)
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
![3rd quarter 2022 Blog Stats Image For IE2 3rd Quarter 2022 Inland Empire Retail Real Estate Trends](https://progressiverep.com/wp-content/uploads/2022/10/3rd-quarter-2022-Blog-Stats-Image-For-IE2-350x234.jpg)
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
![PREP Sells Retail Bldg in Rancho Cucamonga Across from VG Greg Bedell and Paul Su of Progressive Real Estate Partners Arrange $2.2M Sale of Freestanding Building Across from Victoria Gardens in Rancho Cucamonga, CA](https://progressiverep.com/wp-content/uploads/2022/07/PREP-Sells-Retail-Bldg-in-Rancho-Cucamonga-Across-from-VG-350x234.jpg)
Over the past two years, the Progressive Real Estate Partners team has closed over $50M in owner-user transactions which represents a substantial increase compared to prior periods of time. An owner-user sale is defined as when the buyer of the building also uses the property to operate their business. The source of these opportunities has … Continued
![Vin Scully 3 Brad's Blog - What I Learned from the Legendary LA Dodgers Broadcaster Vin Scully](https://progressiverep.com/wp-content/uploads/2022/08/Vin-Scully-3-350x234.jpg)
Wow – 67 Freakin’ Years! It is almost unfathomable that anyone had the same job for that long. Vin Scully broadcasted Dodgers baseball for more time (35 years) AFTER he was inducted into the Hall of Fame than before (32 years). While I certainly like the Dodgers, I would not consider myself a devout fan. … Continued
![10 Year Treasury Chart – final Brad's Blog - 7 Ways Rising Interest Rates Are Likely to Affect Retail Real Estate](https://progressiverep.com/wp-content/uploads/2022/07/10-Year-Treasury-Chart-final-350x234.jpg)
The Progressive Real Estate Partners team spends a lot of time helping our clients understand the current market conditions relative to leasing and selling retail real estate. One of the key questions these days is how the rising short and long-term interest rate environment might impact retail real estate. Although most of the items outlined … Continued
![Amazon2 Brad's Blog - Amazon Fresh Opens New Store in La Verne, CA](https://progressiverep.com/wp-content/uploads/2022/06/Amazon2-350x234.jpg)
Amazon Fresh recently opened in La Verne, California which is very close to where I live. The store opened in what was formerly an 89,000 SF Kohl’s, but as a sign of the times, Kohl’s downsized and leased out a portion of the store to Amazon. The store is approximately 40,000 square-feet and my wife … Continued
![ICSC Collage 4 Progressive Real Estate Partners at 2022 ICSC Las Vegas Convention](https://progressiverep.com/wp-content/uploads/2022/05/ICSC-Collage-4--350x234.jpg)
The 2022 ICSC convention in Las Vegas just concluded this past week after a two-year hiatus due to the pandemic. The comeback was strong with 21,000+ in attendance and was easily the biggest meeting of industry professionals since the start of the pandemic. Although I didn’t personally attend, six members of the Progressive Real Estate … Continued
![1st quarter 2022 Blog Stats Image For IE A Record 1st Quarter 2022 for the Inland Empire Retail Market](https://progressiverep.com/wp-content/uploads/2022/04/1st-quarter-2022-Blog-Stats-Image-For-IE-350x234.jpg)
By: Brad Umansky, President of Progressive Real Estate Partners As a SoCal Inland Empire Retail Specialist for the past 30 years, I have seen this relationship “through sickness and health” and I am pleased to say that we are in very healthy times. The following provides some of the vital statistics demonstrating the health of … Continued
![young bu Celebrating 30 Years in CRE Retail Brokerage & What I’ve Learned](https://progressiverep.com/wp-content/uploads/2022/02/young-bu-350x234.jpg)
Hard to believe but it was 30 years ago this month that I started in the commercial real estate brokerage business. As I celebrate this milestone I find myself reflecting on how I got here and what I’ve learned along the way. In 1992 I had recently received my undergraduate degree from the Wharton School … Continued
![Multi-Property 1031 Exchange_01212022 !2 Tips for a Successful 1031 Exchange](https://progressiverep.com/wp-content/uploads/2022/01/Multi-Property-1031-Exchange_01212022-350x234.png)
My team at Progressive Real Estate Partners recently had the opportunity to help a client successfully accomplish his 1031 exchange goal of selling a Southern California multi-tenant retail center that he owned for 20+ years and trade into 3 absolute triple net single-tenant fast food properties in other states. Although our team has helped a … Continued
![PREP Team Dec 15, 2021 2021 SoCal Inland Empire Retail Real Estate Market Recap](https://progressiverep.com/wp-content/uploads/2021/12/PREP-Team-Dec-15-2021-350x234.jpg)
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
![blog cover video](https://progressiverep.com/wp-content/uploads/2021/08/blog-cover-video-e1629928840282-350x234.jpg)
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