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
5 Ways to Evaluate Input & Make Informed Decisions Generally speaking I don’t pay a lot of attention to predictions, but lately I’ve been feeling overwhelmed with the constant flow of predictions everyone seems to be making across a variety of topics including commercial real estate: Will the Fed raising interest rates cause property values … Continued
I am in the middle of a couple of investment sales deals where the words “vapor testing” has come up and negative results from these tests is a source of grief relative to our transaction moving forward in an expeditious manner. This past week, as a part of the Progressive Real Estate Partners monthly Learning … Continued
One of the trends we’ve observed at Progressive Real Estate Partners the last few years is that many sellers believe that the retail investment sales market has been dominated by Asian/Chinese buyers. After hearing this repeatedly, we decided to see if this is actually a “fact” or a “myth”. What we learned is that while … Continued
[vc_row][vc_column][vc_column_text] The demand for retail space in SoCal’s Inland Empire continued to grow in 2016 and the outlook for 2017 is positive as well. Our team at Progressive Real Estate Partners reports a high level of interest and activity in both retail leasing and investment sales and the region continues to post strong economic results … Continued
One of the biggest leasing challenges faced by our team at Progressive Real Estate Partners is the lease-up of the last few spaces in a shopping center. Although the retail industry has benefitted from over 5 years of economic expansion, a changing market has resulted in the downsizing or elimination of many retailers and that, … Continued
As President of Progressive Real Estate Partners (PREP) one of my main goals has been to create an office culture where continuous learning is valued and knowledge is priceless. In addition to our in-house training and coaching, I encourage our brokers to take advantage of other educational opportunities such as attending industry sponsored classes, obtaining … Continued