Creating Places Where Southern California Lives, Works, and Plays.
Since MGR’s modest start in 1983, our footprint of both commercial and residential properties has expanded across the Southern California region into a dominant market position. Over the decades MGR has skillfully capitalized on real estate investment opportunities for both our portfolio, as well as a wide array of investors and local owners. The Inland Empire-based full-service company manages, leases and operates assets efficiently and delivers expert advice involving a wide array of residential and commercial assets. MGR’s roughly four decades of CRE experience and market-leading property options allows it to be at the center of where people live, work and play.
PROPERTY MANAGEMENT
Southern California's most trusted property management company since 1983.
MGR’s property management group delivers an unmatched level of operational expertise via a single source to commercial rental assets, single-family residential properties, apartment complexes or homeowners’ associations across the Southern California region. The firm’s property managers hands-on approach and decades of experience means each asset receives customized programs designed to keep tenants satisfied, maximize efficiency, achieve high levels of retention and attract new tenants.
MGR Property Management’s full range of services and experienced team allows owners to outsource a few key tasks for a property or entrust MGR with every phase of an asset’s operation. The firm understands the most-cost efficient management programs help drive value creation for both tenants and building owners.
COMMERCIAL LISTINGS
Southern California's commercial Real Estate Sales & Leasing Experts.
MGS Real Estate specializes in owning and operating commercial real estate throughout Southern california. Four decades of experience with CRE assets allows our team to expertly guide clients through the process of selling, buying, listing or leasing commercial properties.
From Vacancy to Vitality: The Inland Empire's Industrial Market Rebound
From Vacancy to Vitality: The Inland Empire's Industrial Market Rebound The Inland Empire, a bustling hub for logistics and industrial activities in California, is experiencing significant changes in its real estate market. With a surge in leasing activities, particularly for logistics buildings, the market dynamics are rapidly evolving. This article explores the factors driving these changes and their implications for the future of this vital economic region. --- The Inland Empire has been a cornerstone for industrial and logistics operations, serving major retailers and distribution networks. Recent trends indicate a pivotal moment as the demand for large and midsized logistics buildings shows a robust rebound. This write-up delves into the recent developments in the Inland Empire’s industrial market, the drivers behind these changes, and what they might mean moving forward. Key Highlights - Record Leasing Activity: The industrial market in the Inland Empire saw a record-breaking leasing volume, surpassing 10 million square feet in the second quarter of 2024. This represents a 40% increase over the average leasing activity observed between 2022 and 2023. - Decreasing Availability: Logistics space availability saw a decrease for the first time since 2021, dropping the availability rate to 12.3%. This trend is in contrast to the overall industrial availability, which stabilized at 11.5%. - Amazon’s Major Leases: Amazon significantly impacted the leasing surge, securing substantial space across the region, including a 220,000-square-foot lease in Corona and several million-square-foot facilities. - Specialized Manufacturing Space Trends:** While logistics space availability is tightening, there is an increase in the availability of specialized manufacturing and flexible building spaces, balancing the broader industrial space market. - Impact of Labor Strikes and Inventory Adjustments: Labor strikes and changes in inventory strategies by U.S. businesses in 2023 led to increased availability. However, 2024 has seen a resurgence in inventory build-up and e-commerce growth, particularly from companies like Amazon and third-party logistics firms. - Future Market Tightening: With a shrinking construction pipeline and fewer new projects underway, a potential tightening of the market looms. This could lead to lower vacancy rates as demand continues to grow. Detailed Analysis The shifting dynamics in the Inland Empire’s industrial market are primarily driven by a strong resurgence in demand for logistics space. Several key factors are influencing this trend: 1. Resurgence in Business Inventories and E-commerce: Business inventories are on the rise in 2024, aligning with increased e-commerce sales. This surge has prompted distributors and third-party logistics companies (3PLs) to actively seek leasing opportunities. Many firms are securing space in anticipation of potential tariffs and import challenges. 2. Amazon’s Strategic Expansion: Amazon’s strategic leasing decisions have significantly impacted the market. Following a pause in new leases in 2023, Amazon’s renewed expansion efforts have absorbed considerable available space, underscoring the persistent demand for large, modern logistics facilities. 3. Market Comparisons: The Inland Empire stands out compared to the industrial markets in Los Angeles and Orange County due to its larger, more modern logistics buildings. This appeal is reflected in the higher availability rates in the adjacent markets. 4. Construction Pipeline and Supply Constraints: The region’s construction pipeline has decreased from 45 million square feet in mid-2022 to 23 million square feet. This reduction signals a slower pace of new supply entering the market, potentially leading to tighter market conditions as tenant demand remains robust. Conclusion The Inland Empire’s industrial market is at a crucial turning point. With rising demand for logistics space and a constrained supply pipeline, significant changes are on the horizon. As businesses continue to adapt to post-pandemic realities and the growth of e-commerce, the Inland Empire is set to remain a pivotal player in the industrial and logistics sectors. Keeping an eye on these trends will be essential for those navigating this evolving market. --- Quick Takeaways - Leasing Surge:** Over 10 million square feet leased in Q2 2024, marking a 14-quarter high.- Logistics Space Tightening:** Availability dropped to 12.3%, the first decrease since 2021.- Amazon’s Influence:** Key leases in 2024 helped stabilize the market.- Evolving Availability:** Specialized manufacturing space saw increased availability.- Future Prospects:** Potential tightening of vacancy rates due to supply constraints. Stay updated as the Inland Empire continues to adapt and evolve in response to the changing demands of the industrial and logistics sectors. --- This article is based on insights from CoStar Analytics and data as of June 2024.
The Untold Story: Larry Taylor's Impact on the Lakers' Legacy and Real Estate Success
In the bustling world of Los Angeles real estate and sports history, there's a lesser-known tale that intertwines the rise of Lakers owner Jerry Buss and the savvy real estate moves of Larry Taylor. Today, we uncover the behind-the-scenes role Taylor played in helping Buss acquire the Lakers and explore how this deal shaped both their destinies. The Genesis of a Partnership At the helm of the property investment firm Christina, Larry Taylor, now 69, entered the scene in the early days of Buss' ambitious plan. Buss, then a Westside real estate magnate, needed cash to realize his dream of owning the Lakers. Enter Taylor, a young entrepreneur in his early 20s, who saw an opportunity in Buss' properties but recognized they needed some serious TLC. A Transformative Deal Taylor recalls the initial state of Buss' buildings – worn-out lightbulbs, tired hallways, and lackluster landscaping. Negotiations ensued, with Taylor proposing adjustments to the sales price. In a pivotal moment, Buss simply said, "Just tell me what you need." The agreement was reached, and Taylor's involvement injected the capital Buss needed to acquire the Lakers in 1979, setting the stage for the team's remarkable journey, ultimately winning 10 NBA championships. Rising Stars in Their Respective Fields As Buss soared to become one of sports history's most successful owners, Taylor's career also took flight. Hessam Nadji, CEO of Marcus & Millichap, emphasizes Taylor's long-term vision, tough negotiation skills, and strategic mindset that propelled his success in the competitive real estate landscape. Bob Hart, CEO of TruAmerica Multifamily, highlights Taylor's commitment to building relationships and seizing opportunities to enhance property value. Navigating Today's Real Estate Landscape Fast forward to today, and Taylor reflects on the evolving challenges in the real estate market. With technology accelerating information flow, finding hidden gems has become a complex task. Despite rising interest rates and economic uncertainty, Taylor sees potential in properties with lower prices. His only regret? Selling any of his properties, as he notes, "I don't know one property I could buy today for the price I sold it for." The One That Got Away Taylor's journey is not without its what-ifs. Post the Lakers deal, he had the chance to buy the Indiana Pacers for $5 million but declined due to his unfamiliarity with NBA ownership. Today, the Pacers are valued at nearly $3 billion. Reflecting on this, Taylor shares a conversation with former NBA owner Donald Sterling, who remarked, "You could have been a billionaire." Lessons from a Legend Amidst these tales of triumph and missed opportunities, Taylor acknowledges the debt he owes to Jerry Buss. The Lakers owner's advice, received in Taylor's early 20s, emphasized the importance of investing on Los Angeles' Westside and the cardinal rule of never losing investors' money. A Lasting Legacy In the early 2000s, Buss and Taylor reunited, reminiscing about their journey. Buss, acknowledging Taylor's accomplishments, remarked, "That was a pretty good formula I gave you." Today, as the Lakers continue their legacy and Taylor thrives in the dynamic real estate landscape, their intertwined stories stand as a testament to the enduring impact of strategic partnerships and wise investments.
Terra Vista Town Center Sale: A $7.5 Million Retail Success Story in Rancho Cucamonga
Terra Vista Town Center, a retail property in Inland Empire, California, sold for about $7.5 million and was occupied by anchor tenants Target and Hobby Lobby. The property was fully occupied at the time of sale. Progressive Real Estate Partners facilitated the sale of the 21,918-square-foot shopping center. The property at 10582 Foothill Blvd. in Rancho Cucamonga, west of San Bernardino, has 9 tenants. The transaction was a 1031 exchange, meaning the seller can defer capital gains taxes by using the profit to acquire new property. “With higher construction costs and rising interest rates continuing to impede the development of new retail space, the supply of existing shop space in the Inland Empire remains constrained. As a result, owners of quality retail centers are benefiting from rising rental rates and stronger tenants. We expect this trend to continue,” said Greg Bedell of Progressive Real Estate, who was involved in the deal. “The buyer was particularly attracted to the location of these shops nestled between Target and Hobby Lobby. Additionally, the high-income trade area, diverse tenant mix and very low retail vacancy rate at Terra Vista Town Center and Rancho Cucamonga as a whole made the asset very desirable," added Paul Su, a senior vice president for Progressive Real Estate, who was involved in the deal. The Rancho Cucamonga area currently boasts a retail vacancy rate of 4.16%, lower than that of the overall Inland Empire, which is 5.85%.
Orange County Apartment Rents Pull Back
Hey guys, it's time for an update on the Orange County apartment rental market! After a decade of impressive growth, rents in the area are now starting to fall. In fact, asking rents have decreased by 3% since August 2022 and are continuing to trend downwards, even breaking seasonal patterns. So, what's causing this shift in the market? It seems that weaker rental demand and competition from new supply are the main culprits. Property managers have responded by lowering rents over the past two quarters, and new apartment buildings are offering up to six weeks of free rent during lease-up to attract tenants. Even upscale and luxury properties are feeling the effects of the market downturn, with asking rents down by 2.2% year over year. Three-bedroom units are now averaging around $4,300 per month, while two-bedroom apartments are going for $3,400 per month, and one-bedroom and studio units are renting for $2,800 and $2,500 per month, respectively. The trend is a significant departure from historical patterns, where Orange County's rent growth has typically outpaced the national average. However, 2022 saw only a 2.5% gain, which was below the national average. As vacancy rates in the area continue to climb towards historical averages from a record low set during the pandemic, rent growth is expected to slow down further. In fact, market-wide asking rent growth may even dip into slightly negative territory in the coming months. If the economy falls into recession in 2023, it's possible that rents may give up even more gains. So, if you're in the market for an apartment in Orange County, now may be a good time to take advantage of the current rental rates before they start to climb again.
How to keep your house safe during open houses
How to keep your house safe during open houses Whether you’re an agent looking for a few pointers or a seller wanting to take some more precautions, this quick read is for you on keeping your valuables safe during an open house.Three easy ways to keep your home safe during open houses: • PUT ALL OF THE VALUABLES AWAY. Please hide the $2,000 MacBook, the first edition of the Bible, and the historic pistol from the 1800s you have lying around. Lock up valuables, especially the ones that can fit inside a pocket and purse. • Make sure everyone that comes in, signs in. This one is kind of an obvious one since this is one of the ways you generate leads, but this can also come in handy when you need to see who was in the house when a particular thing was stolen. Just don’t try to be your own detective, not advisable. • Lastly, let the neighbors know you’re having an open house. They may be alert to suspicious activity that you may not notice during the open house. Since you’re exposed to several strangers coming openly into the house, it’s important to let others know that it’s happening for your own and even their safety. We at MGR want the very best for our agents and our clients, and this includes their safety and wellbeing. All jokes aside, open houses can do wonders for a seller, but it’s also important being aware of the dangers of hosting strangers. Just be aware and cautious at all times!
Why Investing in Property is Right For You
Why Investing in Property is Right For You People invest their money in many different ways. It’s the best way to set yourself up for success and keep you from being completely reliant on single-source income. It prepares you for a better retirement, and may be something you pass on to your kids. Real estate is a fantastic way to build your investment portfolio; however, many people wonder “are rental properties a good investment?” Often when you don’t have experience, you feel in over your head. The costs start adding up and it doesn’t look like it will pan out. You have to measure the opportunity cost of the property itself compared to the work you are willing to put into it. You start to learn that much like a new puppy, you can’t just leave it alone and expect it to behave. Although commercial and residential property investment can be the difference in whether or not you’re able to retire comfortably, pay for your kids’ college tuition, or afford your parents’ in-home care as their health declines, it all means little without the proper guidance. With almost 40 years of property management experience and managing clients’ investment portfolios, we have seen, heard, and been through it all. Definitely not an understatement. As a new investor, are you prepared for anything to happen at your property? Probably not. Everything will be on a learning curve and you will make mistakes. Some people say it’s a part of life, but we say it doesn’t have to be because we can bring our experience to the table and help mediate the risks and resolve the challenges you face with ease. At MGR, we make sure you get every benefit. We assess your property for possible improvements to increase its value, find reliable tenants, and make sure all our vendors are insured and qualified. And did you know you can claim property management on your income taxes? We even provide a 1099 at the end of the year to our clients to make filing taxes even easier. We work hard on your investment and treat it as if it were our own. That’s why our clients trust us. When you start thinking about investing, consider property investment and consider hiring a property management company with the experience to help you navigate this new venture.
Mistakes to Avoid as a Real Estate Investor
Mistakes to Avoid as a Real Estate Investor With almost 40 years of experience in this field, we can safely say we have some expertise in investments. We would like to share some mistakes we’ve seen throughout our decades in real estate, so you can be sure to avoid them: Mistake #1: The biggest mistake to avoid is not knowing what you’re investing in. One of your buddies just came in super excited about this get-rich scheme involving some burned down houses and a few bulldozers. If things sounds a little suspicious to you, chances are they definitely are. Same rule applies if you think something sounds too good to be true. Do your research because ultimately, it’s your time, money, and freedom. Mistake #2: Avoid selling too quickly or too slowly. Knowing the economic climate isn’t just a nice conversation starter, it’s essential in making informed decisions about your investments. Make sure you know where the economy is at when you’re getting ready to sell or buy an investment property. You don’t want to miss out a nice chunk of income or dig yourself into bankruptcy. Mistake #3: Lastly, this is sometimes overlooked but equally as important as the other mistakes to avoid: not using an experienced property management company for your multiple investment properties. Spending millions on properties but not maintaining them properly is like throwing all that money away. Now is not the time to think you can do it all and save money. You’ll be thankful for having a property management company like MGR when there are multiple problems all at the same time. Unless of course, you can clone yourself. That might work too.
Local Business Owner, Michael G. Rademaker, Donates $10,000 to Autism Speaks to Honor Son
Local Business Owner, Michael G. Rademaker, Donates $10,000 to Autism Speaks to Honor Son Ontario, CA – In honor of World Autism Awareness Day, Michael G. Rademaker, Founder and CEO of MGR Real Estate, MGR Property Management, and MGR Services, announces he will donate up to $10,000 to Autism Speaks through a social media campaign called, #MGRGivesBack. “#MGRGivesBack was created to honor my 27-year-old, nonverbal son, Matthew Rademaker, who suffers from severe autism. Autism is often misunderstood, and I have seen first-hand the negative effects that misunderstanding has had on my son. However, with the support of my community and family, we have found new hope. We work to improve his life by giving him the highest quality of care to ensure he is integrated into our society. You can often find him at Disneyland or the zoo, experiencing new things every day. “However, with 1 in 59 children being diagnosed with Autism, we understand these resources are not available to every family. We are proud to partner with an organization that makes a true difference in our community by creating access to reliable information and services throughout the lifespan, improving the transition to adulthood, and being a catalyst for life-enhancing research breakthroughs,” said Mr. Rademaker. For each post, MGR will donate $10 to Autism Speaks. In order to participate you must follow the following steps: 1st – Take a picture with an MGR sign in your community during the day and post it on your Facebook 2nd – Like “MGR Property Management” or “MGR Real Estate” on Facebook 3rd – Use #MGRGivesBack in your post and tell us why you support families affected by autism “With your help, we can use social media to make a difference by reaching our goal of $10,000 toward supporting Southern California families affected by autism. We will be sending a message, loud and clear, that we are a community who supports those who cannot always support themselves.” said Mr. Rademaker. For more details on #MGRGivesBack, please visit our website. If you prefer to donate directly to Autism Speaks, we have set up a Go Fund Me. Although the campaign is dedicated to Matthew Rademaker, all proceeds will go to Autism Michael G. Rademaker is a local business owner based in Ontario, California. He has nearly four decades of real estate, leasing, and property management experience. His companies have been serving Southern California since 1983.
When is the right time to invest in real estate?
When is the right time to invest in real estate? It’s time to break out your crystal ball because we’re going to pinpoint the exact right time you should invest in the real estate market. Alright, so that is obviously not true but there is another way. You’re looking to invest in real estate, maybe for the first time or maybe you’ve been in it for years. At MGR, we have been managing investment portfolios for our clients for decades. It’s a unique circumstance where we can keep a pulse on the ever-changing real estate market, watching investors discover new opportunities in the most inconspicuous of ways. It’s easy to think the best time to invest in the market is after a crash. It follows standard logic: invest at the lowest point and you are sure to see gains because it can’t get much lower. However, leading industry experts would steer you in the opposite direction, for one of a few reasons: First, if you’ve sidelined yourself from the market, you have little opportunity to hear the rumbling of an upcoming deal. Second, Every single type of market has different types of opportunities available, and it will be harder to accomplish something when you wait until everyone else is doing it. Third, who decides what the bottom line is in a down market, anyway? Everyone has a different opinion and it’s guaranteed someone will always say, “the end is near; sell everything now.” Where do you go from here? Real estate is a volatile, cyclical, unpredictable, explosive (insert other frightening adjectives here) market. It is what it is, and everyone understands this truth. Why take the risk? Because if you do this right, your return on investment can be massive. You make your own success in this industry. While our experts at MGR will guide you to the most profitable decision, it’s ultimately your risk. It comes down to evaluating and analyzing for the most valuable opportunity cost and being in the loop when it comes to the real estate market. Are you up for the task? TL;DR: No one can tell the future. Work hard. Buckle up. You’re in for the ride of your life.