Unfortunately, it has become all too common for corporate retail tenants to attempt to renegotiate their rent when the lease term is coming due even when the store is a strong performer AND there are options built into the lease to renew at pre-determined and agreed upon rents. This practice has become big business for … Continued
Rancho Cucamonga, CA – November 29, 2023 – Progressive Real Estate Partners, the leading Inland Empire retail real estate brokerage firm, announced the sale of a single-tenant NNN Dollar Tree located at 9008 Foothill Blvd. in Rancho Cucamonga, California. The 16,560 square-foot building sold for $4,880,000 in an all cash transaction. The property is part … Continued
Rancho Cucamonga, CA – April 13, 2021 – Senior Vice President Paul Galmarini of Progressive Real Estate Partners represented the landlord, Atlas Properties, in leasing a new build-to-suit 2,200 sf drive-thru pad to KFC and a 1,400 sf end-cap drive-thru to Little Caesars Pizza at the Spectrum Center in Perris, California. The new KFC pad and shop building total 7,400 sf and construction is starting … Continued
Rancho Cucamonga, CA – March 31, 2021 – Retail Leasing & Sales Specialist Roxy Klein of Progressive Real Estate Partners represented Capriotti’s Sandwich Shop in leasing a 1,300 sf shop space at the brand new Sprouts-anchored Merge retail center in Eastvale, CA. Located at 5984 Archibald Avenue, this will be one of the first Inland Empire locations for Capriotti’s when it opens later … Continued
Rancho Cucamonga, CA – March 3, 2021 – The Progressive Real Estate Partners brokerage team of Greg Bedell and Mike Lin announced today the for-sale listing of Farmer’s Corner, a 77,000 sf farmhouse-style indoor retail center located at 2500 S. San Jacinto Avenue in San Jacinto, CA. The iconic property is listed for $4,350,000 well … 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
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
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
Navy Federal Credit Union & Arrowhead Credit Union will be Opening in the Hospitality Lane Business District in San Bernardino, CA Later this Year Rancho Cucamonga, CA – May 4, 2020 – Progressive Real Estate Partners, the leading Inland Empire retail brokerage, announced today the signing of leases with Navy Federal Credit Union (6,040 sf) … Continued
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The demand for retail space in SoCal’s Inland Empire (IE) market is the strongest it has been since 2007. Rents for new projects are exceeding the pre-recession highs, vacancy continues to decline moderately, cap rates are at historic lows, and national retailers are competing aggressively for the best locations while market fundamentals across the board … Continued
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