SoCal Inland Empire's Retail Leasing Market Update
August 30, 2019

Although the weather is still hot as we approach the end of summer, leasing activity has certainly cooled down a bit. In 2018, we experienced 5.3M square feet of leasing activity which was a little less than the 5.7M square feet that we averaged from 2011 to 2018. This year we are on track to … Continued

Read More

Chris Lindholm shares factors to consider when buying commercial land
July 25, 2019

Based upon the vast amount of land throughout SoCal’s Inland Empire, we have put substantial resources into developing our commercial land brokerage business. According to Costar, there are presently 2,038 commercially zoned parcels that are actively on the market in the Inland Empire.  In the 12 months ending June 30, 2019, only 272 have sold. … Continued

Read More

July 9, 2019

I googled the term “Sleepy Equity” and I found nothing. I can’t remember exactly when or from whom I first heard the expression, but this is a term that we have discussed at Progressive Real Estate Partners a lot recently. We believe Sleepy Equity is one of the biggest reasons why an investor should consider … Continued

Read More

8 Factors to Consider When Buying a Single Tenant Property
June 25, 2019

The single tenant retail market is still exceptionally strong as maturing investors continue to sell more labor intensive properties and search for simplicity while deferring substantial capital gains. At Progressive Real Estate Partners, we have had a lot of success both selling some of these more intensive properties and helping our clients exchange into single … Continued

Read More

ICSC RECon Delivers Big Time
May 23, 2019

WOW – what a great ICSC RECon this year!  The show definitely delivered with a jam packed program of literally something for everybody in retail real estate.  Over 30,000 people attended the non-stop 4-day conference.  The Progressive Real Estate Partners team was there in force and participated in well over 150 formal and informal meetings … Continued

Read More

May 1, 2019

The 85,000 sf Store is NOW OPEN in Lake Forest, CA Past readers of my blog know that my wife, Lauren, and I enjoy visiting new retailers that come to Southern California AND especially those that are new to the Inland Empire, or likely to open here in the near future. So when I suggested … Continued

Read More

April 11, 2019

I recently had the opportunity to attend an economic development event in Downtown Riverside that highlighted all the hotel, residential and retail activity happening in the area. For me, the high point of the get together was visiting the Riverside Food Lab, the Inland Empire’s first food hall as well as spending some time with … Continued

Read More

Victor Buendia Retail Sales & Leasing Specialist at Progressive Real Estate Partners
March 25, 2019

I recently sat down with Victor Buendia, Progressive Real Estate Partners’ resident gas station and car wash sales specialist, to discuss the differences in selling this type of asset that includes BOTH the business AND the real estate compared to a typical investment sale property. Victor has successfully closed numerous gas station and car wash … Continued

Read More

2021 Outlook for Inland Empire Retail Real Estate Market
March 11, 2019

The question, “Where’s the Market?” is probably the one I am asked most often about SoCal’s Inland Empire when I’m attending industry events.  Knowing I am going to be asked, I try to prepare accordingly.  Here are my latest answers/observations: Vacancy is Low and Remaining Spaces are Mostly Tough:  As of March 1 vacancy is … Continued

Read More

Inland Empire Market Overview & What's in Store for 2019!
January 3, 2019

Happy New Year and wishing everyone a healthy, happy and successful 2019!  I’m coming to you live from the Progressive Real Estate Partners headquarters in Rancho Cucamonga which of course is in the Inland Empire! Before providing some thoughts on what’s in store for SoCal’s Inland Empire retail market in the new year here’s a … Continued

Read More

social media and apps are changing the retail environment
December 14, 2018

I just returned from a vacation in Maui to celebrate turning the BIG 50! Not only was it a fantastic trip, but while I was there I realized first-hand just how much social media and apps are changing the retail environment. Here are a few examples: • GyPSy App: On our drive on “The Road … Continued

Read More

Mom & Pop Retailers Make a Comeback in SoCal's Inland Empire
November 24, 2018

While reviewing Progressive Real Estate Partner’s leasing activity for the year, I’ve noticed an interesting trend happening in SoCal’s Inland Empire.  Year to date a whopping 78% of our leasing transactions have been with independent mom and pop retailers. This is by far the highest percentage since 2010.  In 2015, 2016, and 2017 the figures … Continued

Read More