Progressive Real Estate Partners

?????? ???????????? ???? ???????????? ?????????????????????? ?? ?????????? ?????????????????????? ???? ?????? ??????????. ????????'?? ??????. Retail fundamentals in the Inland Empire continue to strengthen — and that’s pushing rents higher. ?? ?????????????? ?????? ???????? ?????????? ???? ???? ?? ????????????-?????? ??.??%, effectively representing full occupancy. Don’t believe it? Drive the market — you’ll see virtually no available shop space across the IE. ?? ?????????? ?????? ????????????, especially for second-generation space. And it’s not just restaurants — medical, dental, service, and general retail users are all active. With elevated permit fees, high construction costs, and long buildout timelines, tenants are placing a premium on second-gen space that allows them to open faster and with far fewer upfront costs. ??? ?????? ???????????????????????? ?????????? ?????? $??????/????+ (?????????????????? ????????), which means developers need $??.????+/???? ?????? rents to justify building. As a result, just ??????,?????? ???? ???? ?????? ???????????? ?????????? ?????? ?????????????????? ???? ?????? ???? ???? ???????? — roughly ???????? ?????? ???????????? ?????????????? from 2013 to 2022. ?????? ???????????? ???? ?????????????????? ??????????????. ?? ??????????????????, ???????????????? ???????? ?????????? ?????????????????? ???? ?????????? ?????? $??.????–$??.????/???? ??????. That delta presents a clear opportunity — not just for multi-tenant retail, but also for legacy single-tenant assets with short lease terms remaining. If you're reviewing a rent roll with a ???????????????? ?????????????? ???????? ?????????? $??.????/???? ??????, and ????????-?????????????? ???????? ?????????? $??.????/????, it may be worth a closer look — for you or your clients. Our leasing team has completed multiple transactions over the last 12 months where ?????????????????????? ???????????? ???????? ???????????? ???????????? ?????? ???????????????? ?????????????? ??????????????. In one case, we executed a lease ???????? ???????????? ???? ??????????????, at a rent ???????? ???????? ????% ???????????? than the prior tenant. This is real, quantifiable value in today’s Inland Empire retail market. Don’t overlook it. Progressive Real Estate Partners continues to lead the market in the leasing and sale of retail assets across the Inland Empire. If you or a client are active in this region, we’d love to connect. Agree? Disagree? Let’s discuss in the comments. #CRE #RetailRealEstate #InlandEmpire #CommercialRealEstate #ShoppingCenters #InvestmentStrategy #MarketUpdate #Leasing #DealFlow #Retail #ShopSpace

Here is our agenda for our annual THE Inland Empire Commercial Real Estate Conference. This amazing networking event?will be held on?Tuesday,?February 4, 2025, from 10:00 AM - 2:00 PM?at the?City of Moreno Valley Conference Center. 10:00 AM – 10:05 AM - Introduction Scott France,?President & Co-Publisher, France Media, Inc. 10:05 AM - 10:20 AM - Opening Presentation Erik Oliver,?VP, National Accounts, Cost Segregation Authority 10:20 AM - 11:10 AM - Panel One: Economic Development Peter Pallesen,?Economic Development Coordinator,?City of Ontario Economic Gina Gonzalez, MA-URP, CEcD, ACE,?Director, Economic Development,?City of Lake Elsinore Scott Agajanian,?Director, Economic Development,?City of Murrieta Kimberly Wright,?Economic Development Manager,?Riverside County Hilda Kennedy,?Founder & President,?AmPac Business Capital Larry Kosmont,?Chairman & CEO,?Kosmont Companies?- Moderator 11:10 AM - 12:00 PM - Panel Two: Multifamily Real Estate Cray A. Carlson,?Senior Vice President,?CBRE | Capital Markets Gina Koenen,?VP & Commercial Loan Officer,?Provident Bank Justin Woodworth,?Managing Director, Multifamily Markets,?The Hoffman Company Henry Manoucheri,?Chairman & CEO,?Universe Holdings Karen Alves,?VP, Development,?BCT Development/ Cherry Tree Capital Partners Al Marshall,?President,?Pacific National Development NoRhett Walls,?Vice President,?Stewart Title Guaranty Company?- Moderator 12:00 PM - 12:30 PM - Networking Lunch 12:30 PM - 1:20 PM - Panel Three: Retail Real Estate Greg Bradbury,?VP, Leasing,?Haagen Company Greg Bedell, CCIM ? Inland Empire Retail Expert,?SVP, Investment Sales,?Progressive Real Estate Partners Ken Caron,?SVP, Commercial Development,?Lewis Retail Centers Vicky Hammond,?Managing Principal,?Coreland Companies Craig Smith,?CEO,?Fountainhead Development Nick Wirick,?SVP & Principal,?SRS Real Estate Partners Wes Fifield,?President,?Panorama Development Justin Bird,?President,?BirdGroup Construction?- Moderator 1:20 PM - 2:10 PM - Panel Four: Industrial Real Estate Iddo Benzeevi,?President & CEO,?Highland Fairview Michael Mullahey,?VP, Acquisitions,?MCA Realty Willis Fries,?Market Lead,?Dalfen Industrial Joseph W. Brady, CCIM, SIOR,?President,?The Bradco Companies Justin Rauzon,?Senior Project Manager,?SCS Engineers Mina Escamilla,?SVP & Commercial Banker,?First Citizens Bank Brad Fox, SIOR,?SVP, Sales & Leasing of Industrial Properties,?Voit Real Estate Services?- Moderator 2:10 PM - THE Inland Empire CRE concludes Register Here: https://cvent.me/R7Pmx7 #THEinlandempireConf