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....
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  • Posted by Brad Umansky on July 09, 2019

Do You Have Sleepy Equity?

I googled the term “Sleepy Equity” and I found nothing. I can’t remember exactly when or from whom I first heard the expression, but this is a term that we have discussed at Progressive Real Estate Partners a lot recently. We believe Sleepy Equity is one of the biggest reasons why an investor should consider...
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  • 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...
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  • Posted by Brad Umansky on May 23, 2019

ICSC RECon Delivers BIG Time!

WOW – what a great ICSC RECon this year!  The show definitely delivered with a jam packed program of literally something for everybody in retail real estate.  Over 30,000 people attended the non-stop 4-day conference.  The Progressive Real Estate Partners team was there in force and participated in well over 150 formal and informal meetings...
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  • Posted by Brad Umansky on May 01, 2019

Welcome At Home to Southern California!

The 85,000 sf Store is NOW OPEN in Lake Forest, CA Past readers of my blog know that my wife, Lauren, and I enjoy visiting new retailers that come to Southern California AND especially those that are new to the Inland Empire, or likely to open here in the near future. So when I suggested...
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  • Posted by Brad Umansky on April 11, 2019

Riverside Food Lab is a Great Addition to Downtown Riverside

I recently had the opportunity to attend an economic development event in Downtown Riverside that highlighted all the hotel, residential and retail activity happening in the area. For me, the high point of the get together was visiting the Riverside Food Lab, the Inland Empire’s first food hall as well as spending some time with...
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  • Posted by Brad Umansky on March 25, 2019

How to Sell a Gas Station or Car Wash With PREP Specialist Victor Buendia

I recently sat down with Victor Buendia, Progressive Real Estate Partners’ resident gas station and car wash sales specialist, to discuss the differences in selling this type of asset that includes BOTH the business AND the real estate compared to a typical investment sale property. Victor has successfully closed numerous gas station and car wash...
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  • Posted by Brad Umansky on January 03, 2019

Inland Empire Market Overview & What’s In Store for 2019!

Happy New Year and wishing everyone a healthy, happy and successful 2019!  I’m coming to you live from the Progressive Real Estate Partners headquarters in Rancho Cucamonga which of course is in the Inland Empire! Before providing some thoughts on what’s in store for SoCal’s Inland Empire retail market in the new year here’s a...
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  • Posted by Brad Umansky on November 24, 2018

Mom & Pop Retailers Make a Comeback in SoCal’s Inland Empire

While reviewing Progressive Real Estate Partner’s leasing activity for the year, I’ve noticed an interesting trend happening in SoCal’s Inland Empire.  Year to date a whopping 78% of our leasing transactions have been with independent mom and pop retailers. This is by far the highest percentage since 2010.  In 2015, 2016, and 2017 the figures...
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