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
I have always told my team at Progressive Real Estate Partners that the difference between a retail lease and investment sale transaction is like getting married vs. divorced. In a sale transaction, the parties usually never hear from each other again. By contrast with a lease transaction the parties will likely co-exist for many years … Continued
I have a headache and you probably do too from all the information that is being fired at us in the form of emails, webinars, podcasts, and news reports. And yes, I acknowledge the hypocrisy of adding more info to your inbox, but since I put these thoughts together and since I think there is … Continued
With everything happening in the world, I’m sure like a lot of you, I’ve experienced a wide range of emotions over the last week ranging from fear to uncertainty to sadness to being grateful for what I have. But folks I am frustrated right now which might not be the best time to be writing … Continued
It seems that the hottest topic of conversation over the past few days is what to do when a tenant’s business is adversely affected by “the virus”. Based upon conversations with landlords, tenants and property managers there is no doubt that many tenants and landlords are already thinking about how to handle the April 1st … Continued
I recently had the opportunity to participate in the International Council of Shopping Center’s (ICSC) 2020 Congressional Fly-Out Program. In past years, ICSC has arranged for a group of its members to visit Washington, DC to meet with their elected officials and advocate on behalf of the retail real estate industry. I never participated in … Continued
Explosive industrial development, robust job creation, housing appreciation, record low interest rates, massive infrastructure improvements and substantial growth at Ontario International Airport all contributed to a strong retail real estate market for SoCal’s Inland Empire in 2019 and set the table for a likely positive 2020. Here are just a few recent Inland Empire economic … Continued
I was recently contacted by a Riverside County Economic Development official asking for my thoughts on how the cities in the county can help foster more independent retailers, especially restaurants, to open new locations. He indicated this is a “hot topic” amongst many of the city’s economic development departments. In response, I shared some of … Continued
As we head toward year-end, here’s a snapshot of the latest retail real estate stats for SoCal’s Inland Empire with some commentary about each: Vacancy: Retail vacancy continues to decline. It reached 6.8% as of the end of the 3rd quarter, but that was before Forever 21 announced that it was dumping about 300,000 SF … Continued