Our Blog

  • Posted by Brad Umansky on July 25, 2019

The Challenge of Valuing Commercial Land

Based upon the vast amount of land throughout SoCal’s Inland Empire, we have put substantial resources into developing our commercial land brokerage business. According to Costar, there are presently 2,038 commercially zoned parcels that are actively on the market in the Inland Empire.  In the 12 months ending June 30, 2019, only 272 have sold....
Read More
  • Posted by Brad Umansky on June 25, 2019

8 Key Factors to Consider When Buying a Single Tenant Property

The single tenant retail market is still exceptionally strong as maturing investors continue to sell more labor intensive properties and search for simplicity while deferring substantial capital gains. At Progressive Real Estate Partners, we have had a lot of success both selling some of these more intensive properties and helping our clients exchange into single...
Read More
  • Posted by Brad Umansky on August 14, 2018

How BIG is the Big Box Vacancy Problem in SoCal’s Inland Empire?

Much has been written about the changing retail marketplace especially as it relates to the impact of e-commerce but another major story line has been around how developers and landlords are addressing the closing of multiple large format retailers (ie Sears, Kmart, Toys R Us, etc.) which has resulted in a significant increase in vacant...
Read More
  • Posted by Brad Umansky on October 31, 2017

Could This Be Our Last 10/31 (aka 1031) Year?

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...
Read More
  • Posted by Brad Umansky on July 27, 2017

SoCal’s Inland Empire Enjoying Best Retail Economy in a Decade

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...
Read More
  • Posted by Brad Umansky on June 15, 2017
  • Commercial Real Estate, Retail

The Importance of Mentorship

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...
Read More
  • Posted by Brad Umansky on April 30, 2017

4 Reasons an Investor Should “Take the Loss”

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...
Read More
  • Posted by Brad Umansky on April 26, 2017

Why Banning Dual Agency Will Hurt Those It is Trying to Protect

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...
Read More
  • Posted by Brad Umansky on March 22, 2017

Are Prior Phase I & II Reports Worthless?

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...
Read More
  • Posted by Brad Umansky on September 12, 2016

My 6 Takeaways from the ICSC Western Division Conference

The Progressive Real Estate Partners team recently attended the International Council of Shopping Centers (ICSC) Western Division conference in San Diego, CA.   This year’s theme was “Deals, Deals, Deals” highlighting the resurgence and momentum the retail industry is currently enjoying.  It was a great show with lots of deal making activity AND positive energy and...
Read More