February 9, 2016
Five Inland Empire campuses of Marinello Schools of Beauty were among the 53 schools closed last week by the chain. Marinello operates beauty schools in Moreno Valley, Hemet, Temecula, San Bernardino and Ontario.
The company elected to close all locations as a result of federal financial aid money being withheld from 23 of its schools, amid Dept. of Education allegations. Uncertainty surrounds students, and the real estate space occupied by the schools. Permanent closures are expected to be minimal.
Progressive Real Estate’s Brad Umansky says, “The amount of space that they occupy is a drop in the bucket compared to the overall market. Obviously, it likely won’t be good for their existing landlords.”