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DWG Capital Partners Invests in Waste-Water Treatment and Reclamation Facility in San Bernardino County, Calif.

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Friday, June 26th — DWG Capital Partners will work with the facility’s new operating partner, Stone Bear Reclamation, to treat non-hazardous wastewater, recycling as much as 150,000 gallons a day. Located at 11225 Mulberry Avenue, Fontana, Calif., the facility will help ease the state’s clean-water crisis, with a service radius that extends from the Mexican border to just south of Bakersfield, California.

The facility required both numerous federal and state approvals that were achieved over the last six months in SBR and DWG’s preparation for the re-opening of the plant.

“The legislative and regulatory hurdles are inherently very high for water treatment plants. They do so to protect California’s greatest resource – its water – and our partners at SBR handled the complex process with the highest efficiency and excellence. We are excited for the years ahead as we recapitalize and clear the way for the facility to process even higher volumes of treated water for both California and its western United States neighbors,” Dunning stated.

California’s demand for clean water reclamation services is extremely strong and the marketplace has a limited amount of approved facilities with only three similar plants in Southern California and two plants in Northern California. Notably, a high volume of clients had pre-ordered a significant portion of the plant’s water reclamation service capacity well before SBR’s full operational opening. They are now being immediately serviced as of the grand re-opening.

“Communities across the nation are facing water challenges that cost billions of dollars,” said Judd Dunning, president of DWG Capital Partners. “We were impressed by the plant’s new operator, Stone Bear Reclamation, and remain bullish on such alternative investments for our traditional NNN real estate sale-leaseback investors.”

Ralph Padilla, Stone Bear Reclamation’s general operations manager, added, “With a capacity to recycle up to 150,000 gallons a day, we will be able to release treated water back into the supply chain where it can be used again for things such as irrigation as part of a sustainability circle that will increase water supply as communities and demand for clean water, continue to grow.”

The water reuse is in line with the Environmental Protection Agency’s (EPA) National Water Reuse Action Plan to produce more local, sustainable and cost-effective water supplies.

According to Bluefield Research, reuse capacity of reclaimed water in the United States is expected to increase 37 percent by 2027. Industrial applications will grow 31 percent by the same year. The U.S. is already the largest reuse market by volume, with further future growth projected beyond that.

Robert Bianchi, Stone Bear Reclamation’s chief financial officer, noted, “Throughout the United States, communities are grappling with a variety of critical infrastructure issues impacting the public’s need for not just clean water, but safe roads and bridges, efficient transportation, energy and data. With cities and municipalities unable to sustain these assets, socially responsible private investment has become a very solid, attractive and viable alternative while also considering environmental impact.”

Dunning, a veteran capital markets expert who previously served as managing director at Newmark Knight Frank, also noted, “The Environmental Protection Agency has estimated that over $743 billion is needed for water infrastructure improvements across the U.S. By leveraging our expertise in the capital markets, we are confident that this initial investment by DWG Capital Partners will perform well as part of what is a nationwide effort to improve drinking water and waste-water treatment.”

He said, “We see opportunities such as the Inland Empire-based Stone Bear water treatment facility as investments that are more immune to business downturns and can also serve as a hedge against future e-commerce risks that other asset classes face. Our ability to manage this type of impact investment across a variety of assets has enabled us to build a successful pipeline of well-positioned placements for our clients.”

The Inland Empire Business Journal (IEBJ) is the official business news publication of Southern California’s Inland Empire region - covering San Bernardino & Riverside Counties.

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Stater Bros. Charities and Reyes Coca-Cola Bottling Give Back to Military Families

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Stater Bros. Charities, the philanthropic arm of Stater Bros. Markets, partnered with Reyes Coca-Cola Bottling again this year for their Give Back program during National Military Appreciation Month. The program ran for the entire month of May, during which Reyes Coca-Cola Bottling committed to donating $0.25 per eligible product purchased to the Bob Hope USO. Reyes Coca-Cola Bottling donated $15,000, and Stater Bros. Charities matched their donation for a total contribution of $30,000.

A check presentation occurred during a K-EARTH 101 radiothon benefiting the Bob Hope USO. The radiothon took place at the Bob Hope USO at LAX (Los Angeles International Airport) on June 29, 2023, where Stater Bros. Charities and Reyes Coca-Cola Bottling presented Bob Hope USO with a $30,000 check.

Bob Hope USO’s mission is to strengthen America’s military service members by keeping them connected to family, home and country, throughout their service to the nation. The Give Back program is a unique opportunity to show gratitude and support to the brave men and women who risk their lives for our freedoms and to care for their families while they are away from home on deployment.

“Stater Bros. Markets has a long history of supporting veterans, service members, and their families,” said Danielle Oehlman, Director, Stater Bros. Charities. “We are so pleased to partner with our friends at Reyes Coca-Cola Bottling and the USO to give back to those who have given so much for us.”

Lorin Stewart, President, USO West Region, said, “We are deeply grateful to Stater Bros. Charities and Reyes Coca-Cola Bottling for being sustaining partners of the USO. The Give Back program embodies the essence of the USO mission by enabling the community at large to come together to support and give thanks to our armed forces and their brave military families in an impactful way.”

Funds will support the Bob Hope USO and USO San Diego Center operations, including programs and services that strengthen the social, mental, physical, and emotional well-being of local military service members, their families, and their communities.

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BDK Logistics Intelligence Fully Leases 114,190 SF Industrial Facility in Corona, CA

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Cushman & Wakefield represents landlord in lease in SoCal’s Inland Empire

Cushman & Wakefield announced that BDK Logistics Intelligence, Inc. has signed a lease for an entire 114,190-square-foot industrial facility at 1161 Olympic Drive in Corona, California. Situated in Southern California’s renowned Inland Empire, the building is owned by Monterey Rancho Mirage, LLC, which was represented by Brett Lockwood and Rick Ellison of Cushman & Wakefield in the transaction.

“We are pleased to welcome BDK to the property as a quality industrial tenant that is expanding its presence in the market, which it also currently occupies multiple warehouse facilities,” said Director Brett Lockwood. “Our client was instrumental in helping this deal transact as there were many variables that needed to be navigated which led to this lease coming together quickly and successfully.”

1161 Olympic Drive is a quality freestanding building situated on ±4.8 acres and features 20 dock high loading doors. The property is conveniently located off Interstate 15 near the confluence of SR 91 and is proximate to the extensive freeway network traversing the entire Greater Los Angeles region and into other major markets in and out of state.

According to Cushman & Wakefield’s latest Q2-2023 quarterly report, the Inland Empire industrial market posted an overall vacancy of 3.4% and has recorded more than 2.7 million square feet of positive net absorption through the first half of 2023.

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Hernandez resigns as County CEO; Snoke will continue filling in pending Board action

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Leonard X. Hernandez resigned from the post of County Chief Executive Officer effective today. County Chief Operating Officer Luther Snoke has been filling in for Hernandez while Hernandez has been on leave and will continue to do so. The Board of Supervisors will act to appoint an interim or permanent CEO shortly.

“The Board of Supervisors appreciates the service Leonard provided to the public and the County organization, especially as we navigated our way through the pandemic and other very difficult challenges,” said Board of Supervisors Chair Dawn Rowe.

Hernandez provided the following statement:

“It has been an extreme privilege to serve as the Chief Executive Officer of San Bernardino County. I am thankful to the Board of Supervisors for their leadership and the hard-working men and women who do amazing work every day. Due to an urgent family health issue that requires my immediate and undivided attention, I have informed the Board of my resignation. Under the strong leadership of the Board of Supervisors and the County’s executive team, the County will continue doing great things for the residents of San Bernardino County.”

“The Board of Supervisors is committed to a seamless transition in staff leadership with no interruption in County services or impact on County residents or employees,” Rowe said. “Luther has performed well filling in for Leonard and I am confident in his ability to continue serving in this role until the Board takes action.”

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