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I pressed the rear brake, open the bleed valve, closed the vavle then released the brake. I did this about 10-15 times. I could see the piston compress and release, but it never tightened up.
I did finally get this fixed last night. I ended up taking the caliper completely off, pressed the brake a few times to compress the cylinder, and put it all back together. It looks like the bolt towards the front of the bike that holds the caliper on had a little corrosion and was not screwing back in all the way. I cleaned it up and put it all back together. Lo and behold, I now had rear brakes! Yeah!
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