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Ontario International Airport outlook for April

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Officials adjust operations and services as flight schedules are reduced

Ontario International Airport (ONT) officials are adjusting airport operations and services to reflect reduced passenger flight schedules in April as the aviation industry continues to feel the impact of the coronavirus pandemic.

According to airline schedules published for April, passenger flights at ONT will be reduced by one-third, from 66 daily departures to 46, compared to March given declining demand for commercial air travel. As a result, passenger volumes will be reduced significantly while safe-at-home orders remain in place in states, counties and cities across the U.S.

While airlines operating at ONT intend to reduce the number of flights to and from the airport, they plan to maintain service to all nonstop destinations with the exceptions of Houston Intercontinental (United Airlines) and Taiwan (China Airlines). Both passenger terminals will remain open during all hours of flight activity and Transportation Security Officers will continue to provide security screening.

“We continue to collaborate with our airport partners and stakeholders to plan for significantly reduced flight operations and expect demand to remain suppressed through the summer and possibly through the end of the year,” said Ontario International Airport Authority Chief Executive Officer Mark Thorpe. “And In light of the reduced flight schedules, we are making adjustments to airport operations and services to reduce operating expenses.”

Airport food, beverage and retail concessionaires will adjust operating hours appropriate to the scheduled flights.

Lot 5 and valet parking will be suspended until vehicular volumes return to normal levels. Parking lots 2, 3 and 4 will remain open. Customers can pre-book discounted parking at flyontario.com.

Likewise, Escape Lounges located in each terminal will be closed temporarily until near-normal passenger volumes return.

Thorpe noted that enhancements made in February continue to benefit ONT travelers and employees by keeping airport restrooms and other public areas of our passenger terminals clean and reducing the potential for germs to spread. The changes included:

  • Incorporating new passenger screening trays treated with powerful antimicrobial technology to inhibit the growth of bacteria on the surface of the bins used by travelers at the TSA checkpoints in ONT’s terminals. (ONT was the first U.S. airport to receive the new trays from SecurityPoint Media in partnership with Microban International.)
  • Increasing the frequency and intensity of efforts to disinfect washrooms and other public areas with cleaning agents intended to kill germs.
  • Adding stations where passengers and employees can access free hand sanitizer.

“We take matters related to the safety and well-being of air passengers and airport employees seriously, and we will remain vigilant in our efforts to minimize the spread of germs that might be harmful,” Thorpe said.

In addition to urging travelers to adhere to public health guidance from the Centers for Disease Control and Prevention, Thorpe directed passengers, employees and visitors to the ONT website for more airport-specific information.

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About Ontario International Airport

Ontario International Airport (ONT) is the fastest growing airport in the United States, according to Global Traveler, a leading publication for frequent fliers. Located in the Inland Empire, ONT is approximately 35 miles east of downtown Los Angeles in the center of Southern California. It is a full-service airport with nonstop commercial jet service to 26 major airports in the U.S., Mexico and Taiwan, and connecting service to many domestic and international destinations. There is an average of 72 daily departures offered by nine air carriers. More information is available at www.flyOntario.comFollow @flyONT on FacebookTwitter, and Instagram

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Stockbridge Acquires 540,478 SF Inland Empire Industrial Portfolio for $142MM

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San Francisco based Stockbridge acquires 100% leased assets in premier IE West location

Cushman & Wakefield’s EDSF also sources acquisition financing for transaction

Cushman & Wakefield announced the firm has arranged the sale of a core industrial portfolio totaling 540,478 square feet in Southern California’s premier Inland Empire West (IEW) submarket. The portfolio consists of two freestanding Class A buildings located a few miles apart at 3351 E Philadelphia St and 4450 E Lowell St in the city of Ontario. The buildings are 100% leased to prominent tenants in the distribution and retail industries.

San Francisco based Stockbridge acquired the two-property portfolio from Principal Asset ManagementSM a global financial and investment management firm. The portfolio sold for $142.25 million.

Jeff Chiate, Jeffrey Cole, Rick Ellison, and Matt Leupold of Cushman & Wakefield’s National Industrial Advisory Group—West represented the seller in the transaction. The firm’s Phil Lombardo, Chuck Belden and Andrew Starnes also provided leasing advisory.

Additionally, a Cushman & Wakefield Equity, Debt & Structured Finance (EDSF) team of Rob Rubano, Brian Share, Joseph Lieske, Max Schafer, and Becca Tse collaborated in sourcing acquisition financing for the transaction.

“Stockbridge has acquired an institutional-quality industrial portfolio with a phenomenal infill location combined with strong tenancy and premium distribution features and functionality. Both properties have maintained a historical occupancy of 100% for nearly a decade speaking to the tenant demand for industrial buildings of this quality and location,” said Jeff Chiate, Executive Vice Chair. “Additionally, with current rents below market rate, the buyer has a compelling mark-to market opportunity along with existing durable cash flow, providing a variety of value-add strategies.”

The properties offer convenient access to Southern California’s robust freeway network and other vital nodes of transit such as Ontario International Airport, the Los Angeles & Long Beach Ports, and LAX International Airport (60 miles). Access to a deep labor pool and robust consumer population also makes the region a superior industrial location.

According to Cushman & Wakefield’s latest industrial market report, the Inland Empire West submarket had a vacancy rate of 5.4% in Q1 2024, representing the tightest submarket in the broader Inland Empire market. Additionally, IEW achieved nearly 1 million square feet of positive net absorption (occupancy growth) in the first quarter of 2024.

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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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