We’ve all seen the headlines about the economy taking off post pandemic and based on my personal life experience I’m inclined to agree. Both my wife and daughter have conditions that gave them great concern about Covid and like many other families we have been in “lock down” mode for the past year. During this … Continued
Click Here to View Entire Video Video Index (with direct links to segment) 00.08 Introduction 03:18 Where exactly is SoCal’s Inland Empire 04:43 Does it concern you that people are leaving California 07:23 Why are you bullish on the Inland Empire 11:17 What is the attitude of the Inland Empire Cities and Counties 12:52 What … Continued
As a part of our retail investment sales and leasing brokerage business, the Progressive Real Estate Partners team speaks to hundreds of investors and tenants each month. We’ve found there are numerous investors expecting the pandemic to result in significant “bargains” on retail investment properties. My gut is that if you are sitting on the … Continued
Data, Concerns & Opportunities Suffice it to say that 2020 has been unlike any other year. And, certainly with all the pandemic related challenges it could have been much worse for SoCal’s Inland Empire retail real estate market. Fortunately, this industry is filled with positive, tenacious individuals, including our team at Progressive Real Estate Partners, … Continued
Below are two charts. The top one shows the average price per square foot for retail properties that have recently sold in Southern California’s Inland Empire. The bottom one shows the cap rates for these same properties. If you had no context other than these charts, most people would say that this is a booming … Continued
We all know about the negative impact the pandemic has had on many in the shopping, travel, fitness and restaurant business so I’m not going to reiterate that here. Instead, in this blog I’m going to focus on the actual financial metrics resulting from the related recession on SoCal’s Inland Empire. The following are 11 … Continued
If you regularly read my blogs you know that I generally avoid being political. Not with this blog. I am adamantly opposed to California’s Proposition 15. In my opinion, the state’s desire to increase revenue on the backs of the business community will be very damaging which will far outweigh any benefit that the communities … Continued
With the election season upon us it’s a good time to review some of the tax proposals that are being suggested. According to numerous online sources, Presidential nominee Joe Biden is proposing a number of changes to the Federal tax code that would affect commercial real estate investors. The goal of this blog post is … Continued
Click here to View Entire Video Video Index (with direct links to segment) 00:04 ACRE representatives and panelist Introductions 10:23 Impact of Covid on budgets and considerations moving forward 20:53 How online sales are helping cities 30:03 Easing of restrictions on drive-thru restaurants and other uses 37:43 Outlook for cannabis operations 43:32 Economic development tools … Continued
Could August 15th Be the Next Critical Date? As retail is re-opening and we’re all getting used to the new reality one of the questions I hear most often is “What impact has the past 4 months had on the Inland Empire retail real estate market”. To answer that question, I’m going to share some … Continued
There has been a lot of talk in the industry about the proposed CA Senate Bill 939 that interferes with leases between landlords and certain tenants. Since so many of our clients have asked about the bill, I decided to actually read the legislation since I could not find another source that explained it to … Continued
If this were a parallel universe, I would just be returning from the ICSC RECon conference where I would’ve just spent the last several days with 35,000 of my closest friends. But, understandably, due to the global pandemic ICSC had to cancel this year’s event. So instead the Progressive Real Estate Partners team decided to … Continued