Happy New Year friends! It’s that time of year when we reflect on the past and look ahead to what the new year will bring. Here are my takeaways from 2017 and thoughts on where the retail leasing market in SoCal’s Inland Empire is heading in 2018. All and all 2017 was an excellent year … Continued
Happy Halloween! The Progressive Real Estate Partners team always enjoys celebrating Halloween and this year It occurred to me that this might be the last year for another type of “10/31” – – aka the 1031 exchange which is currently on the menu of possible tax “loopholes” to be eliminated in an effort to make … Continued
Ciao friends – – my wife and I just returned from a fantastic trip to Italy. We visited Rome, Florence, Siena, Como, and Venice. Stepping out of SoCal’s Inland Empire for a couple of weeks was really enlightening and refreshing. While it’s still top of mind I wanted to share a few of my observations … Continued
[vc_row][vc_column][vc_column_text]The Progressive Real Estate Partners team just returned from the annual ICSC Western Division Conference which was held for the first time at the Los Angeles Convention Center. We hung out with over 4,000 of our closest friends in the industry making deals and building relationships! Here are some of our “post-game” takeaways: Existing Non-Mall … Continued
Are the restaurant and grocery industries a zero sum game? I believe so. Despite my desire to eat all day at different places, it is simply not possible for me or anyone else. As a result, any decision we make to consume food at one place means we are not eating at another place. The … Continued
California’s predicable and incremental march towards a $15/hour minimum wage has given California businesses a gift. The gift is certainty. Business owners love certainty and knowing that minimum wage is climbing from $9/hour in 2016 to $15/hour by 2022 allows them to make decisions and plan accordingly. For a restaurant or retailer that is open … Continued
I just finished putting together an Inland Empire 2017 Mid-Year Retail Sector Review and I thought I would share some of the highlights with our industry friends: IE unemployment is at 4.5% and you can feel it. The streets are busier, restaurants are busy, and it is becoming more challenging for everyone to hire the … Continued
Our Guest Blogger is Mike Lin, Retail Specialist on the Progressive Real Estate Partners team. In this blog, Mike shares his takeaways from the recent AREAA Super Summit. Enjoy! – Brad Umansky I recently attended the 6th annual AREAA (Asian Real Estate Association of America) Greater Los Angeles Super Summit. The full day event drew … Continued
Our Guest Blogger is Gretchen Lastra, Senior Retail Specialist on the Progressive Real Estate Partners team. In this blog, Gretchen shares “The Importance of Mentorship” which I think is applicable to all of us whether we are mentors, mentees or both. I appreciate all that have helped mentor me over the years and I am … Continued
I have just returned from the annual ICSC RECon in Las Vegas after spending the past 4 days with 37,000 of my closest friends in the shopping center industry. The opportunity to network and meet face to face with so many CRE colleagues in one place is definitely invaluable. I always come back from the … Continued
At Progressive Real Estate Partners we frequently meet with property owners who talk about how much they dislike their investment property and, if they had it to do over, they would not have made the purchase. You would think this owner would be a logical seller. But when we do a valuation of the property … Continued
PLEASE READ AND IF YOU AGREE WITH WHAT I HAVE STATED, ADD YOUR NAME TO THE PETITION BY CLICKING THE LINK BELOW OR WRITE A SHORT NOTE TO OPPOSE THIS LEGISLATION. TIME IS OF THE ESSENCE AS THE JUDICIARY COMMITTEE IS SCHEDULED TO DISCUSS THIS LEGISLATION ON MAY 2, 2017 SIGN PETITION OPPOSING AB1059 And/or … Continued