Our Blog

  • 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 March 11, 2019

Where’s the Market? An Update on the Inland Empire Retail Real Estate Scene!

The question, “Where’s the Market?” is probably the one I am asked most often about SoCal’s Inland Empire when I’m attending industry events.  Knowing I am going to be asked, I try to prepare accordingly.  Here are my latest answers/observations: Vacancy is Low and Remaining Spaces are Mostly Tough:  As of March 1 vacancy is...
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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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  • 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...
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  • Posted by Brad Umansky on May 24, 2018

It’s a Wrap! Another ICSC RECon in the Books!

My Takeaways from the Show!  And that’s a WRAP on ICSC RECon 2018!  The Progressive Real Estate Partners team was there in force with 12 of our brokers actively dealmaking, networking and diligently working the floor. Collectively we had a record 100+ formal meetings and at least a couple hundred informal meet-ups where we were...
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  • Posted by Brad Umansky on March 19, 2018

10 Facts Any Retailer or Investor Should Know about SoCal’s Inland Empire Economy

I had the pleasure of speaking to the Southern California Chapter of ACRE (Association of Corporate Real Estate Executives) in Ontario last week.  Below is a summary of the information I presented about all the recent positive economic data on SoCal’s Inland Empire. 13th Largest MSA in the US – Out of over 380 MSA’s...
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