Our Blog

  • 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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  • Posted by Brad Umansky on February 16, 2018

7 Ways to Help Your Retail Leasing Broker Fill Those Last Few Spaces

Working Together Produces Winning Results Progressive Real Estate Partners specializes in retail leasing in SoCal’s Inland Empire and we have worked with literally hundreds of property owners and landlords in the market.  We always view the relationship as a “team effort” and, although your retail leasing broker is an independent contractor, they should be thought of...
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  • Posted by Brad Umansky on January 22, 2018
  • Retail Leasing, Retail Leasing Broker

The Outlook for Retail Investment Sales in SoCal’s Inland Empire

Will Rising Rents Be Offset by Higher Cap Rates In 2018? With retail vacancy in the Inland Empire hovering around 7%, most shopping centers, if not fully leased, are nearly full.  As mentioned in my last blog, the majority of the vacancy is confined to a very small percentage of the properties in the market....
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  • Posted by Brad Umansky on July 27, 2017
  • Commercial Real Estate, Inland Empire, Retail Leasing

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...
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  • Posted by Brad Umansky on February 23, 2017
  • Commercial Real Estate, Retail

The Chinese Buyer Myth

One of the trends we’ve observed at Progressive Real Estate Partners the last few years is that many sellers believe that the retail investment sales market has been dominated by Asian/Chinese buyers. After hearing this repeatedly, we decided to see if this is actually a “fact” or a “myth”.  What we learned is that while...
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