Brad's Blog - Amazon Fresh Opens New Store in La Verne, CA
June 14, 2022

Amazon Fresh recently opened in La Verne, California which is very close to where I live. The store opened in what was formerly an 89,000 SF Kohl’s, but as a sign of the times, Kohl’s downsized and leased out a portion of the store to Amazon. The store is approximately 40,000 square-feet and my wife … Continued

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Progressive Real Estate Partners at 2022 ICSC Las Vegas Convention
May 27, 2022

The 2022 ICSC convention in Las Vegas just concluded this past week after a two-year hiatus due to the pandemic.  The comeback was strong with 21,000+ in attendance and was easily the biggest meeting of industry professionals since the start of the pandemic. Although I didn’t personally attend, six members of the Progressive Real Estate … Continued

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A Record 1st Quarter 2022 for the Inland Empire Retail Market
April 21, 2022

By: Brad Umansky, President of Progressive Real Estate Partners As a SoCal Inland Empire Retail Specialist for the past 30 years, I have seen this relationship “through sickness and health” and I am pleased to say that we are in very healthy times. The following provides some of the vital statistics demonstrating the health of … Continued

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Celebrating 30 Years in CRE Retail Brokerage & What I’ve Learned
February 22, 2022

Hard to believe but it was 30 years ago this month that I started in the commercial real estate brokerage business. As I celebrate this milestone I find myself reflecting on how I got here and what I’ve learned along the way. In 1992 I had recently received my undergraduate degree from the Wharton School … Continued

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!2 Tips for a Successful 1031 Exchange
January 21, 2022

My team at Progressive Real Estate Partners recently had the opportunity to help a client successfully accomplish his 1031 exchange goal of selling a Southern California multi-tenant retail center that he owned for 20+ years and trade into 3 absolute triple net single-tenant fast food properties in other states. Although our team has helped a … Continued

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2021 SoCal Inland Empire Retail Real Estate Market Recap
December 23, 2021

As we wrap up 2021, I’m pleased to share that it was a record year for Progressive Real Estate Partners. And although we might like to believe it was purely a result of our wonderful clients, terrific broker and industry relationships, skilled team, outstanding resources and aggressive marketing we also acknowledge that we really had … Continued

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August 25, 2021

We are pleased to share this 5 minute video by PREP’s Vice President of Investment Sales, Mike Lin, in which he takes you through a recent industry report that highlights the strength and recovery of the retail industry. This is good info and we wanted to share it with all that typically receive Brad’s Blog. … Continued

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ICSC Rebranding
July 25, 2021

I have been an ICSC member for just under 30 years. Candidly I must admit that my initial reaction to receiving ICSC’s rebranding email was “this sucks”.  In talking to others many felt the same.  The “Innovating Commerce Serving Communities” name is a mouthful and certainly easily forgettable.   More importantly after watching the 30 minute … Continued

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May 26, 2021

In the past year alone, our team at Progressive Real Estate Partners has sold: A former Pier One to an independent beauty supply company A former Food 4 Less to a regional flooring retailer/distributor A former Banner Mattress to a cell phone franchisee A former Acapulco Restaurant to an independent Japanese Restauranteur A former Mexican restaurant to … Continued

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March 28, 2021

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

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Video: Why Brad Umansky is Bullish on the Inland Empire
February 11, 2021

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

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When Will All the Retail Investment Bargains Arrive
January 27, 2021

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

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