City Development, Launching Businesses and Navigating Tough Times: An Interview With Riverside Councilmember Ronaldo Fierro
Riverside Councilmember Ronaldo Fierro has always had a passion for hospitality and politics. Those interests have collided as both a Councilmember and a business owner. Through his political office, Fierro has found a way to give back to his city and stay involved. As the owner of The Salted Pig, a gastro pub located downtown, and W. Wolfskill, a Riverside cocktail bar, Fierro has found a way to bring people together and invest in their lives.
Our Team had the opportunity to hear his thoughts on the challenges of launching and managing businesses, as well as how he has navigated leadership and a devastating pandemic.
Strong Roots and Future Successes
As the son of an entrepreneur, Councilmember Fierro grew up witnessing first-hand the challenges of launching and managing a business. His father, who started a produce packing company from the ground up, lost everything during the LA riots in 1992. Fierro recalls his family coming together to rebuild the business.
“My dad was forced to empty our bank accounts to pay everything off and start again from scratch,” he says. The efforts resulted in a tomato packing and wholesale company that has since been successful.
As for the challenges Fierro faced when launching his own businesses, there were many uphill battles. “When we first started The Salted Pig—that was in 2010— we were in a deep recession,” he says. “Nobody was opening restaurants. People didn’t seem to be going out. A lot of people advised me not to open it, but the way I saw it was, there was still a need in the community and people needed to eat...we found the way to make the silver lining.”
Fierro had to draw from lessons learned in his youth to keep his ventures going. “It wasn't really the successes that I learned from,” he says. “It was watching when my dad had big challenges (to face). It showed me that he was never down. He was always optimistic.”
Staying Optimistic During A Pandemic
For Fierro, keeping a sense of optimism has been key amidst a pandemic and political unrest. “Even when Covid hit…(I asked), ok, what do we need to do now? What’s the next step forward? What’s the next logical move?”
In terms of business, Councilmember Fierro thought it important to look at the pandemic as a chance for new opportunities. “There is going to be opportunity, but we have to keep our eyes open. Don’t get stuck in your ways. Be adaptable,” he says to business owners struggling during uncertain times.
Fierro also acknowledges that the fear of losing a business during the pandemic is a reality, but points out there is hope. “I know what that feeling is like when you have bills stacked up and you have payroll stacking up and you have no idea how to pay it, but you find a way,” he says. “I’ve borrowed money, I’ve put money on credit cards, I’ve sold things...Failure is a stumble. It isn’t permanent. It really is just a momentary pause in your journey.”
A City Up-and-Coming
The new year is indeed hopeful for the city of Riverside. This year a new California Air Resources Board facility is opening up near UCR. The facility will focus on research that aims to improve vehicle emissions, eco-friendly office space and green city development. Not only will the testing site lead to improved city infrastructure, it will also pave the way for more business opportunities in the years to come.
“Riverside has a real opportunity to reinvent the economy,” Fierro says.
He notes that the facility will draw the interest of large tech companies and firms. “Those high paying jobs build stability. They build legacy families who will stay here (for years).”
The program is just one of many ways the city of Riverside seeks to grow and bring in new business over the next couple of years.
The Role of Business In The Community
As a successful business owner and local politician, Fierro finds it important to give back. To him, giving back means doing more than donating to charities. For him, it means getting involved in the community and engaging with those in your sphere of influence.
As for how exactly to get involved? “I would say to business owners, get your business stable, get where you need to be. But then at that point...it's (about) getting involved with (city) issues, and being a mentor to people, and rounding out your life,” Fierro says.
“When the community succeeds, everybody succeeds.”
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Learn more about our partners by clicking here. Ready to take your business to the next level? Call Joe anytime at (909) 772-1212 to find a commercial property where your business can grow.
Local Business Highlight: Fire Up Grill
Luis, co-owner of Fire Up Grill in Riverside, first stepped into the world of restaurant service as the first Hispanic bartender at Riverside’s historic Mission Inn. After years of service, Luis left the Mission Inn and was hired by the former local nightclub and restaurant, Sevilla. It was around that time that he came up with the idea of launching his own business.
Luis invested in a Waba Grill, but quickly became frustrated by the managerial limitations franchise restaurants have. Luis began to chat with the owner of another Inland Empire food service favorite, Mr. Taco. At the time, a new location ideal for a grill, was opening downtown which caught Luis’ eye.
“We submitted our application and everything went through,” Luis says. “Ever since then we’ve never looked back.”
As business plans were put in motion, Luis acknowledged that launching a grill and bar from the ground up was going to be a huge task. “I’ve always wanted to do something, but I never knew how hard it was. When you dream of something, you don’t always think about all the little details.”
A year and a half into running Fire Up Grill from its current location, Luis and his business partner faced numerous challenges, especially from the city. Strict city codes and unexpected financial hits pushed back their launch date by over a year. In March, when the pandemic hit, the restaurant faced new complications. Despite the challenges, Luis is able to see the positives that come from each obstacle. The pandemic pushed the restaurant to start to-go and mobile orders, which they had never done before. Covid-19 regulations also created a new era of community involvement for the grill.
“Right off the bat when Covid-19 hit, we closed for two weeks,” Luis says. “But, before we started up again, I wanted to give back to the hospitals, the police and the Riverside Sheriff (Department). So, we donated a lot of food to them.”
The Fire Up Grill team also invested into the building’s infrastructure, adding more seating to their patio, adding tents to protect against the elements, and putting up new decorations for a warmer environment.
Looking back on how he got to where he is at, Luis considers the difficult journey a blessing. Despite the initial hurdles, the restaurant is seeing their best year-to-date. As the business continues to grow, Luis is contemplating new ideas for the future. A long-term dream of his is to open new locations downtown in neighboring cities.
On a bigger picture level, Luis has even considered running for City Council. The idea came after seeing how divided the city has been since the pandemic hit. “We need leaders,” he says. “Change starts from the top. If we work together, honestly, Riverside can be the number one city in (the Inland Empire). We have everything it takes, but we need to unite the division.”
As for other aspiring entrepreneurs and other individuals looking to invest in Riverside businesses, Luis believes it is worth the challenge.
“Make every night you work worth it,” he says. “Save your money. Keep on chipping away at your goal. The more you work at it, the smarter you get, and the more successful you will be.”
Fire Up Grill is one of many local-owned businesses proving that the city of Riverside is a hub for entrepreneurs and innovators. As the restaurant continues to grow, Luis hopes it will become known as a place of great food and drinks, and even great community.
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View the Fire Up Grill menu for to-go and catering options.
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Back in Business: 7 Must-Have Resources For Small Business Owners
The new year won’t mean a sudden or immediate break from the chaos of 2020; but, that doesn’t mean we can’t hope for better days. To keep Riverside on the up-and-up, the city has provided numerous resources for small business owners. Use this easy guide to navigate what you need for your business as we take on the new year.
1. Riverside Rebates
As we continue to wait out a devastating pandemic, many business owners are taking the opportunity to revamp and renovate. The city of Riverside offers a number of rebates as incentives to building managers and owners to be more ecological. While your building is at reduced capacity, take the opportunity to switch to energy saving lights, or improve on your building with minor construction.
2. Find a Mentor
If you are a new business owner looking for advice on how to navigate the constant changes brought on by Covid-19, consider one of Riverside’s most underrated resources for small business owners. The SCORE program spans across the Inland Empire and into LA County. This collaborative effort from volunteers in the industry is a helpful tool for new and veteran entrepreneurs alike. Find a mentor, set up an appointing, and take advantage of the decades of cumulative wisdom offered through SCORE.
3. Change Location
Changing location can be daunting, but it is far from impossible. Changing location can be a fruitful endeavor that can save money and provide new opportunities. Now is the perfect time to downsize your space or move to a location that is better fit for your needs. Maybe you need more office space. Maybe you want to find a location that is in a better area. Or maybe you just need to adjust your financials and move to a smaller location. Whatever the need, Team Stance can help you readjust and move forward.
4. Track Tiers
As the pandemic continues, change will be inevitable. Stay ahead of the game by keeping track of which tier Riverside and the surrounding cities are in. To combat the challenges that Covid-19 has brought to businesses, also consider this:
5. Testing
Testing! Preventative measures are always the way to go. While there are a variety of at-home testing kits currently on the market, they can become costly— especially if you have multiple employees to consider. Riverside’s calendar is a good place to check for testing resources for small business owners and individual testing events. Find the event that fits your schedule, and give yourself the peace of mind that comes with a negative test result.
6. Reopening Guidelines
Stance Commercial Real Estate is lucky enough to be one of the few businesses less affected by Covid-19. Organizations that have brick-and-mortar shops are taking the brunt of the impact. The big question for 2021 is, when will it end? While we don’t have the answer for that question, we do know where you can find the latest information on Riverside’s closures and reopening guidelines.
7. Shop Local
Sometimes the best way to keep your business up and running is to support other local businesses. The new year should be all about community and helping each other move forward. So the next time you need to hire for a specific service or purchase goods for your shop, consider shopping local. Riverside’s Shop Local program offers an easy search feature to find exactly what you need.
Lastly, stay up-to-date on any new or updated small business resources Riverside has to offer. No one can predict what 2021 will bring, but we know that anything is possible. Stay on top of the latest news, continue to support local business, and let us know how Team Stance can help.
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Looking to downsize or find a larger location? Now is the time. Contact Joe today to learn about your options.
Stance is One of the Best Commercial Real Estate Brokers in the Inland Empire (According to CoStar Group Inc.)
“I saw that many companies in the industry are driven to make a commission, instead of being motivated to do what is best for the customer.” — Joe Stance
November of 2020 was a memorable month for Team Stance. CoStar Group, Inc., the data and analytics leader of the commercial real estate (CRE) broker industry, announced the Power Brokers Quarterly Deals winners for the third quarter of 2020. Stance Commercial Real Estate came out on top in the list of winners for CRE. Power Brokers Quarterly Deals winners are determined by their top deals every quarter, based on price and square footage. The Stances were the sure winners after closing the biggest office lease deal in the Inland Empire for the third quarter of the year.
Now, a year later we look back on our continued successes. For us, success isn't just about numbers. Although CoStar Group recognized Team Stance for deals based on price, we base success on a different kind of metric: service. At Stance Commercial Real Estate, our mission has always been grounded in the golden rule: serve others as we want to be served. This rule is not only represented by the gold posts holding their company signs throughout the city; it is the framework for our company’s vision. That vision has remained consistent from the beginning.
Joe Stance, our founder, launched his CRE career in 2007 as an associate for a prestigious company. After years of experience, Joe observed what he believed was a major consistent flaw within the industry. He saw that the focus was often on just making a sale, and not on serving the client. Now driven by his commitment to service, Joe and his wife Heidi lead our ever-growing commercial real estate brokerage. Stance Commercial Real Estate has been serving Riverside and surrounding cities for nearly a decade.
The Stances are dedicated to offering the educational tools to help business professionals thrive. Heidi Stance has a background in education with a Doctor of Education from USC. She is dedicated to informing Stance partners. With Joe’s commercial property expertise, combined with Heidi’s passion for education, the dynamic pair are changing the industry for the good.
As we reminisce on last year's achievement, we also look towards another year of helping our clients achieve their goals. In the spirit of the month of thankfulness, we also show gratitude to all of our partners, past and present, for helping us serve the community of Riverside.
For more information, visit: https://www.costarpowerbrokers.com/quarterly-deals/
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Contact Team Stance to learn more about our company and how we are serving the Inland Empire. Call Joe today at (909) 772-1212.
Commercial Real Estate Advice From An Experienced Attorney
Jeremiah Lee, a California commercial real estate attorney and Chief Financial Officer with TriCord Advisors, has been teaming up with Joe Stance for several years to help business owners and entrepreneurs achieve their goals. What started as a personal friendship with the Stances has now evolved into a professional relationship geared towards serving the Riverside community and neighboring cities.
We recently asked Jeremiah to offer his expert advice on all things purchasing and leasing when it comes to commercial real estate. Between discussing purchasing agreements, reviewing leases and negotiating legal documents, Lee offered a plethora of information that any business owner, entrepreneur, or investor could benefit from.
What are some examples of common pitfalls individuals should consider when entering into a commercial lease?
The first item to clarify is usually, “What is included in rent?” Are property taxes or insurance or similar items included in the rent, or will those be costs the tenant needs to pay in addition to monthly rent? Another common item to consider is how to get out of a lease. If you need to leave, what happens? What do you owe? When can you leave? What liabilities continue after you leave the property? An additional pitfall relates to tenant improvements. Very often when someone moves into a new commercial lease, the landlord would say, “ok you want to build out an office space to fit your needs, I’ll provide $40,000 as an allowance to build out the space for you.” The questions to ask would be, what are the strings attached? How does that work, if you leave the lease early? Do you have to pay that sum back? Whose contractors will do the work and what fees will the landlord receive for managing the work? These are a few common issues to be negotiated in a lease.
Once a lease or purchase is finalized, where might an attorney offer further advice or expertise?
A purchase and sell transaction will generally include representations and warranties. If the landlord or seller represents that the property is in a certain state, but that ends up not being the case, the tenant or buyer can make a claim to be compensated for the discrepancy- this can often lead to a lawsuit...Another common situation where additional assistance is needed is if the tenant needs to get out of a lease or extend a lease. At that moment (my role) is reviewing the lease and advising the client on their rights stated in the lease as well as their general rights at law. Good advice discusses not just their legal rights, but also what is the most reasonable path forward to accomplish their goals.
What are some of the mistakes people tend to make on their own?
Coming to an attorney is about avoiding mistakes and protecting the future. Often people think they can just get out of a lease if their business needs to move, but they need to acknowledge that the business of a landlord is to collect rents. So, when you sign a lease, you have to understand that a lease is a legally binding contract. If you fail to pay it or just decide to leave, there will be legal consequences...People at times take what they understand of their personal experience of renting, (such as) renting apartments, and apply that to their business and renting commercial buildings. The two are very different, especially in California.
How have things changed since the Covid-19 outbreak?
Everybody is trying to put in their lease agreements or amendments some kind of language relating to Covid-19. What’s fair, what’s reasonable? It’s a unique situation and many landlords and tenants are scrambling to try to protect their interests.
Any final advice for those looking to lease or purchase commercial property?
Include professionals early in the process, because they can really help you avoid wasting time. Nothing is standard in real estate and everything is negotiable. To really understand what you are signing is key, and usually, to do that, you need someone who understands the language....no one likes to spend money on professionals, but “an ounce of prevention is worth a pound of cure.”
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Ready to talk to a commercial real estate professional? Call us at no cost, we would love to get to know you and your business better.
Looking to connect with a Certified Public Accountant? Jeremiah Lee can be reached through TriCord Advisors.
View our blog archive for more resources.
Why You Can Trust Stance Commercial Real Estate Services
So you want to take your business to the next level, and it’s time to find a new building to operate your business out of, but you have no idea where to start. Finding successful commercial real estate services can be a daunting experience if you don’t have a broker you can trust, or if your broker has limited knowledge of their playing field. At Stance Commercial Real Estate, the services we provide expand across a number of industries. Additionally, as business owners local to Riverside and the Inland Empire, Joe and Heidi Stance not only know their market, they are also personally invested in the communities they serve.
No Challenge Is Too Great
Our partners and clients have encountered nearly every challenge in the book. Every client has their own list of specifications when it comes to finding a space. Brandy T., one of our long-term clients, knows all too well how difficult it can be to find the perfect location. Brandy’s business, AxXis Corporation, is a precision machine shop that manufactures custom builds for large industries such as aerospace and gas companies. He not only needed a warehouse space large enough to expand into, he also needed a building that provided the power to run their machines, as well as a parking lot with at least 50 spots to accommodate employees and customers. By partnering with Joe, the hunt for an ideal location became much more feasible.
Not many warehouses offered the power Brandy needed. However, Joe found the right place at just the right time. While touring a potential building, Joe was notified that a new property had just been made available on the market. Using his vast network and connections, Joe was able to arrange right then and there for Brandy to tour the new property. Not only was the building the right fit for Brandy’s expanding company, it also cost less to purchase the new property than continue what he was paying in rent for his previous lease.
Commercial Real Estate Services Beyond Leasing and Buying
Commercial Real Estate services must go beyond simply buying, leasing or investing properties. A good broker has to know the market and have the connections to navigate the market as it evolves and shifts. Take for example the dilemma of adhering to the specific requirements of clients while working with an often limited budget.
In 2017, Stance CRE clients Rick and Monica P. of KGEL Steel Inc., were expanding their business and in need of a new building. They specifically needed a location with plenty of space, but under a budget not typical of such large warehouses. Utilizing his network of connections, Joe found a building that fit their needs while remaining within budget.
Networking is a behind-the-scenes effort, and not all brokers make that effort. Joe and Heidi Stance see making new connections as more than a business strategy. They see networking as a way to expand their community and grow relationships. Time and time again, it is their dedication to these relationships that has led them to successfully help their clients find ideal properties.
Utilizing Strategy and Critical Thinking
Another commercial real estate service that is less obvious, is finding and creating a database of favorable tenants. What most clients may not know, is the benefit of finding a space that has room for tenants. More so, most clients wouldn’t know how to find tenants, even if they had the room for them. That is where Joe’s expertise comes into play.
It is recommended that business owners looking to lease a new building should explore the purchasing option. If they are able to purchase, it is likely they will find a location with added space available for tenants. Stance client, Blaine of Living Water Hospice, now has numerous retail spaces for lease. Originally, he wasn’t looking for a space that had excess room. After realizing he was able to purchase, Joe found a location that offered retail spaces he could lease out or expand into over time. Joe has now committed to using his time and database to find Blaine favorable tenants that can lease those spaces. This added service takes a tremendous weight off of clients and has great long term benefits.
The challenges that arise with finding commercial real estate properties are not uncommon. Some commercial real estate industries come with more challenges than others. However, there is no industry that Stance Commercial Real Estate hasn’t taken a vow to serve.
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We would love to get to know you further. Call Joe at (909) 772-1212 to chat, or contact us for more information. We look forward to connecting with you!
What you Need to Know about Commercial Real Estate: CPA (Certified Public Accountant)
So you’ve decided whether you want to lease or purchase your property, now what? There are a few professionals beyond your broker who you will want to consider for hire. One of those is your commercial real estate Certified Public Accountant (CPA). When you own a business, a CPA for real estate can assist with your taxes, financial advice, write-offs and more.
Why Hire a Commercial Real Estate CPA
There are numerous rules and regulations that come with commercial real estate. Hiring a CPA who specializes in the correct field is a must in order to navigate those ever-evolving regulations. Your CPA should be on top of what is happening within the commercial real estate industry to help you navigate unforeseen laws and allowances.
A commercial real estate CPA can also list what tax write-offs you may be eligible for. Various industries— law offices, hospitality, investors, retail etc.— may all have different write-offs.
An experienced CPA can also handle your company’s income taxes and other financials.
Hiring a CPA For Commercial Real Estate Taxes
Your commercial real estate CPA should have an understanding of the nuances within commercial real estate tax law.
Some of the services to consider are financial audits and financial advice for property investments. Ask your real estate CPA ahead of time what services they provide and how they can help you prepare your taxes. They should provide the structure and resources to make your state and local filings streamlined and without errors.
What To Look For
Look for a real estate CPA who has great reviews from clients within the commercial real estate agency. Seek out transparency when vetting potential partners and ask how they follow up with their reporting and communications.
Hiring a CPA for commercial real estate is a huge decision. You absolutely should ask any question that comes to mind and should look at your options before making a commitment. Your CPA will potentially be your go-to for all your financial planning, so knowing their experience, skill-set and the services they offer ahead of time is crucial.
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Ready to invest in new opportunities? Call Joe Stance at (909) 772-1212 or contact our team today.
What You Need to Know About Commercial Real Estate: Lease or Purchase
Wake up, check emails, drive to a property to offer clients a tour, take a phone call while driving to a second tour— that’s a typical day in the life of Joe and Heidi Stance. The power couple are not only experts on commercial real estate, they are experts at putting their clients at ease.
Purchasing a property or leasing a building is a huge decision and one that impacts both the individual and the organization they represent. The Stances’ business model is centered around the golden rule: treat others as you want to be treated. With such high standards, Joe and Heidi are known for helping their clients find locations that best fit their needs both immediately and in the long run.
Commercial real estate covers a variety of industries. Medical professionals, retail businesses, non-profits organizations etc. all have one thing in common: they will have to consider purchasing or leasing a building or property at some point. Whatever your reason for needing a building or land, the first decision you will face is whether or not you should lease or purchase.
Is Purchasing Affordable?
Most individuals will look to leasing as their first option, but the Stance Team tries to keep both options on the table. Many clients may not even realize they are in a position to purchase right off the bat.
With Joe Stance’s in-depth knowledge of the Riverside area and surrounding cities, he can often find a property that fits a client’s needs and is available for a sale. SBA financing might put a client in the position to purchase a building for as low as 10% down. What clients may not realize is that purchasing can often be more affordable than a lease in the long run!
By purchasing property, the owner also gets the added benefit of having more control over how they manage their building and/or land. Other possible benefits of your commercial real estate purchase are potential tax breaks, building equity and boosting the value of your organization over time.
Utilizing Extra Space
Tenants can help cover the cost of a space. If you are purchasing a building or property, chances are you may have extra space you can lease out to tenants. Sometimes a quality tenant can actually help cover the costs of the purchase.
Take for example a Stance Commercial Real Estate client who was looking for a large building for their organization to grow into. At first, the client assumed leasing would be the only affordable option. Not only did Joe Stance find a building that had plenty of space and was for sale at a reasonable price, but the building also came with short-term tenants whose monthly lease covered the cost of the building’s overall mortgage. The building practically paid for itself!
Commercial Real Estate Lease Options
If a client isn’t in a position to purchase or if they simply prefer not to, the Stance Team will look at the entire market for the perfect commercial real estate property to lease.
While purchasing can often be more affordable in the long run, sometimes leasing a building or land is still the better option. A purchasing deposit, paid up front, may be out of budget for certain organizations. There are also risks involved with purchasing that may not necessarily come with leasing. With a lease, you aren’t liable for nearly as much as you would be as the sole owner of a property.
Leasing with an option to buy can also be a great approach. Clients may lease a building until the building or property owner is ready to sell. This takes away the pressures of immediate purchase, while assuring there will eventually be the option of ownership.
At the end of the day there is no one-fits-all solution. That’s why having a commercial real estate broker you can trust, is a must. Joe and Heidi Stance strive to always be available, are fast and responsive, and they just simply love to help people bring their visions to life. Stance Commercial Real Estate is all about service, so whether you are purchasing property or leasing a building, Team Stance has your best interest in mind.
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Have questions? Call Joe at (909) 772-1212 for a free consultation, or contact us for more information. Ready to see what’s on the market? Browse our list of available properties.
What you Need to Know about Commercial Real Estate: An Introduction
Finding the right commercial real estate (CRE) property can be a daunting task. There is a lot to consider during your search for the right location, which is why we’ve put together a commercial real estate blog series to help you make the right choice. This article will be an overview of how to get started on your CRE journey and helpful commercial real estate information to consider.
The first step on your journey is to decide if you want to lease or purchase. There are benefits to both, but ultimately it comes down to what you prefer or can afford. Oftentimes, purchasing ends up being less costly than a lease. If you are unsure of which option is best for you, call us anytime to schedule a call and go over your options at no cost.
Before searching for property, consider how much square footage you need or how many parking spaces you want. Also know if you need a building, additional land, and what demographic you want surrounding your location. Do you prefer a ground level space? Will a building located in a shopping center benefit your organization? Different industries and individuals will have different needs and preferences. Start by picturing your ideal space and location, then go from there.
In this blog series we will cover popular industries seeking commercial real estate information, and hot topics such as SBA financing, CPAs and investing. We will also go over other services to consider when making your decision. You may need information on moving companies, inspection services or an attorney. In this commercial real estate blog series we will dive deeper into each topic so you have all of the tools you need to move forward.
We will elaborate on the discussion of landlords and finding an insurance agent. We will also go over finding tenants if you are a landlord. Oftentimes landlords need to sublease or find new tenants in a short amount of time. We also will go over what to expect from your landlord if you’re a tenant. A lot of tenants don’t know what kind of zoning they need or how to find a trustworthy landlord.
Our commercial real estate blog series will cover as much of the basics as we can to help your lease or purchase go as smoothly as possible. Ready to get started on your journey now? Contact our team today to hear what else you need to know about commercial real estate.
Taking Care Of Business: A Look At New Businesses Coming To Riverside
We grew up in Riverside. We love the city and we want to see it thrive and grow. What better place to be than on the forefront of that growth with commercial real estate? We have been blessed to be able to bring in new businesses and new ideas to this city which we admire so much.
Why do we love Riverside? The area we serve is unique in that Riverside has all the benefits and opportunities of a larger city,while maintaining the kind of community one would find in a smaller town. Riverside boasts affordable housing, is known for its arts and innovation, and it is a great location close to both the mountains and the beach. The entire Inland Empire is an up-and-coming hub for new businesses and passionate entrepreneurs.
We want to continue to see it grow and for those local business owners to thrive. We work hard to bring great business owners to Riverside. Our clients are all like-minded individuals who want to see the city succeed as much as we do. Any city is basically what you make it. Your investment into the city is what it will give back to you. That’s why at Stance Commercial Real Estate we have dedicated our time to serving our city and community.
The Place To Be
There are many reasons for new businesses to start here. For manufacturers, Riverside is on its own power grid, so their power savings can be tremendous. The cost of living is also more affordable, which means business owners and operators can live and work in the same city, eliminating exhausting commutes. With new residential development going on, it’s no secret that the city is booming.
Riverside also has unique demographics that opens new business opportunities. The city is known for its city college as well as three major universities. With such a large student and young adult population, there is always a demand for new restaurants, places of entertainment, retail stores and more. College students not only make great interns, but also broader the labor pool for owners and managers to hire from. Downtown Riverside has been creating businesses that cater to a younger population, which in turn has kept money circulating within the local economy. We’d like to see more of that.
How We Are Giving Back
With commercial real estate, we get to partner with the best businesses and help them get started. We are being strategic as a commercial real estate company to bring in good and profitable businesses that want to be here. We love partnering with clients who share our passion for the city and want to be a part of this community. On numerous occasions we have also found like-minded clients in neighboring cities and brought them to Riverside to expand. Most of our listings are here in Riverside, but we get calls from new businesses everywhere around the world. The first question we always ask is, how can we bring them to Riverside?
One of our clients, KGEL Steel Inc., is a prime example of how we bring great companies to this city. Originally we put them in a building in Colton as a start up three years ago, and during that three year time, their business expanded. They were suddenly in a position to double their size, as well as in a position to purchase. We not only helped them find the perfect location to purchase in Riverside, we also helped them sublease the Colton location which saved them hundreds of thousands of dollars. Additionally, by owning a location in Riverside, they are paying less for power, which is a major plus. We are expecting KGEL to double again within the next three years, and we will maintain a relationship and will be there to help the moment they are ready.
Following The Opportunity
Now is the time to jump in and establish a business in Riverside. Organizations from other cities and states are already seizing the opportunity. Staffing companies are coming to Riverside for the large labor pool. Entrepreneurs are starting new companies that cater to the city’s unique and diverse demographic. Riverside, the city of arts and innovation, just has more to offer than most people know, and we are the ones to talk to.
We will never push our clients into something they don’t want, but we truly believe that the cost of doing and starting a business is better in Riverside, which means business owners can take more risks and grow. Knowing all the options is key. Not all brokerages offer those options or even know all of them. Stance Commercial Real Estate will show everything that is on the market as well as opportunities only we know about, because we want new businesses to find the best option for their company.
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Call today for a free consultation, we’d love to meet you!