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Revoz Capital Breaks Ground On San Bernardino Opportunity Zone Project

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Facility to provide care for underserved and at-risk youth in San Bernardino County

January 28, 2020 – RevOZ Capital (RevOZ), a leading real estate investment firm specializing in Opportunity Zones, has broken ground on an 11,325 square-foot, build-to-suit office project in San Bernardino. Previously a residential one-story triplex, the single-story facility will house San Bernardino County’s Children’s Department of Behavioral Health (DBH), providing mental wellness care to some of the most vulnerable and underserved members of the community. Construction is scheduled to complete by December 2020.

Located at 755 E Gilbert St, RevOZ acquired the site from a private individual in December 2019. The medical office building is pre-leased to the County of San Bernardino for fifteen years and will be used to promote effective outreach and provide services to at-risk youth in the area.

“As a dedicated Opportunity Zone investor, RevOZ Capital’s goal is to provide a healthy return for its investors while engaging in meaningful impact by investing in underserved areas throughout the country,” said Alex Bhathal, founder of RevOZ Capital. “Given this is a public-private-partnership (P3), it is a prime example of how underserved communities can leverage the Opportunity Zone program to attract investment while providing critical services for the community.”

The facility’s location allows for synergy between the County’s collective community resources, with a strong concentration of other related public institutions in the immediate area including San Bernardino County Office, San Bernardino Department of Health, San Bernardino County Public Defender, San Bernardino County Juvenile Court and several schools.

To bring the project to fruition, RevOZ is partnering with Sudweeks Construction, which has a strong history of developing Federally Qualified Health Centers (FQHC) and collaborating with California municipalities to develop effective and cost-efficient solutions for communities. Additional project partners include Pings Architecture and KWC Engineers.

“This is another example of how P3 partnerships can bring mutually beneficial healthcare projects to the local community to serve the public good,” said Brandon Sudweeks, managing member of SDIC. “We are pleased to be partnering with RevOZ Capital to bring this project to fruition.”

This news follows the recent opening of RevOZ Capital’s first Opportunity Zone investment, a historic hotel in Redmond, Oregon, in partnership with Alpha Wave Investors. SCP Hotel Redmond is one of the first west coast Opportunity Zone projects completed under the program, and was recently nominated by the City of Redmond for the Oregon Heritage Excellence Award.

 

About RevOZ Capital

RevOZ Capital facilitates the revitalization of federally sanctioned Opportunity Zones by providing co-investment capital to qualified developers of institutional quality projects. The company was established through the partnership of RAJ Capital, a multi-generational family office with deep real estate investment and development expertise, and Cress Capital, an institutionally backed owner and operator of commercial real estate. RevOZ’s unique approach is a product of the founders’ deep experience in urban redevelopment, capital markets and decades of cycle-tested commercial real estate experience. For more information, visit RevOZCapital.com.

About Sudweeks Development and Investment Company

Sudweeks Development and Investment Company (SDIC) specializes in medical office development, actively building and pursuing innovative and quality developments in the healthcare sector. Learn more at sdic.us.

About San Bernardino County Department of Behavioral Health
The San Bernardino County Department of Behavioral Health (DBH) is responsible for providing mental health and substance use disorder services to county residents who are experiencing major mental illness or substance abuse issues. DBH provides mental health/substance use disorder treatment to all age groups, with a primary emphasis placed on treating children/youth who may be seriously emotionally disturbed, adults who are experiencing a serious and persistent mental illness, and individuals who are experiencing substance use disorders. DBH also provides an array of prevention and early intervention services for both mental health and substance abuse. The San Bernardino County Department of Behavioral Health Programs strive to be recognized as a progressive system of seamless, accessible and effective services that promote prevention, intervention, recovery and resiliency for individuals, families and communities. http://wp.sbcounty.gov/dbh/.

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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Supported by Local Leaders, CALED’s Annual Conference will be in Ontario this May

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Empowering Economic Growth: CALED Conference Set to Unite Industry Leaders in Ontario

CALED’s ‘Growing Local Economies from the Ground Up’ Conference is being held in Ontario at the DoubleTree by Hilton Hotel Ontario Airport on May 7-9. This event is co-hosted by the City of Ontario and San Bernardino County, with Jennifer McLain Hiramoto, CALED’s Chair of the Board and Derek Armstrong respectively representing their city and county as Co-Chairs of the event.

With over 950 members and 45 years of empowering economic developers, CALED is the largest economic development association in the country and the annual conference is the number one place to meet and connect with the boots-on-the -ground, decision makers in our communities. 

The conference will include a pre-conference teaching tour, ‘Building & Paying for Development Projects’ on May 6th and then begin in full on May 7th, with a welcome session and breakouts. Overall, there will be four general assembly sessions and 18 breakout sessions, which will delve into local economic development practices and innovative tools.

In addition to compelling content, the conference will have numerous opportunities to connect with community leaders and valued peers through networking receptions, the culinary crawl, and new this year, the Tournament of Champions, where conference attendees will navigate a gauntlet of games to win the grand prize on the evening of Thursday, May 8th.

To learn more about the conference and register, visit the CALED website at www.caled.org.

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Strengthening Community Connections: Our Exciting New Partnership with Toyota Arena, Ontario Convention Center, and GOCAL

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Contributed Content | By Chris Venhoff, Senior Vice President and Inland Empire Market Leader for Consumer and Business Banking at U.S. Bank

As the Inland Empire market leader for U.S. Bank, I’m thrilled to share some exciting news: we are proud to be the Official Bank Partner of Toyota Arena and Ontario Convention Center. This partnership represents a reflection of our deep commitment to the Inland Empire and our dedication to fostering a vibrant, thriving community.

At U.S. Bank, we believe that strong partnerships drive meaningful progress. Toyota Arena and Ontario Convention Center are at the heart of the region’s culture and economy, bringing people together for world-class entertainment, business conventions, and community events. By joining forces, we’re not only expanding our presence but also creating opportunities to engage with residents, businesses, and organizations in ways that make a lasting impact.

Through our sponsorship, we’ll support concerts, sporting events, and conventions that showcase the diversity and energy of the Inland Empire. But this is only the beginning. As our partnership evolves, we’ll work closely with Toyota Arena, Ontario Convention Center, and GOCAL to introduce community-focused programs, including financial literacy workshops and charitable giving initiatives.

This partnership is designed to bring added value to the people we serve. For our customers, we’re introducing the U.S. Bank Fast Pass Lanes, providing priority access at Toyota Arena events. Special offers, exclusive event experiences, and tailored financial solutions for businesses operating in the region are just a few of the many perks we’re excited to roll out.

Our employees are at the core of our success, and this partnership allows us to recognize their dedication. Through exclusive access to events, corporate hospitality opportunities, and community volunteer programs, our team will have new ways to engage with and celebrate the community they serve.

The Inland Empire is a dynamic, fast-growing region, and we’re committed to supporting its continued success. By investing in Toyota Arena and Ontario Convention Center, we’re helping to create and sustain jobs while driving local business growth. These venues bring in visitors, revenue, and visibility, strengthening the region’s economy.

This collaboration is about more than just sponsorship—it’s about making a difference. By working together, we can elevate not just these venues but the entire Inland Empire. At U.S. Bank, we’re committed to being a partner in progress, supporting our customers, businesses, and communities every step of the way.

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Inland Empire Celebrates Entrepreneurial Excellence at Spirit Awards Gala

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Honoring Visionary Leaders Driving Innovation and Community Impact

The Spirit of the Entrepreneur Awards Gala, held at the Riverside Convention Center, celebrated the brightest entrepreneurial talent across the Inland Empire. Among the evening’s finalists was Edward Ornelas, Jr., President & CEO of the Inland Empire Regional Chamber of Commerce, who was honored in the Social Entrepreneur category for his outstanding leadership and commitment to the region.

Although Ornelas did not win, the Social Entrepreneur award went to Cesar Navarrete, President & CEO of Children’s Fund, a proud Chamber member. “Being a finalist alongside such remarkable leaders is an incredible honor,” said Ornelas. “I am especially thrilled to see Cesar, a Chamber member, recognized for the transformative work he’s doing to improve the lives of children in our community. It’s a proud moment for us all.”

Another highlight of the evening was the recognition of Hilda Kennedy, President & Founder of AMPAC Business Capital, another Chamber member, who was awarded the Top Female Entrepreneur category. Hilda’s leadership at AMPAC, a mission-driven business lender, has been instrumental in empowering small businesses and fostering economic growth across the region.

“It’s amazing to see leaders like Hilda and Cesar being celebrated for their contributions,” added Ornelas. “Their achievements underscore the talent and dedication of entrepreneurs in our Chamber and across the Inland Empire. They are setting the standard for excellence and impact in their fields.”

The evening also featured the prestigious “Best of the Best” Award, sponsored by Best Best & Krieger LLP, which was awarded to Mauro Gomez, Chief Growth Officer of Anita’s Mexican Foods Corp.. Based in San Bernardino, Anita’s Mexican Foods has grown from modest beginnings into a leader in the food production industry under Gomez’s strategic direction.

The Spirit of the Entrepreneur Awards Gala continues to shine a spotlight on the transformative work of Inland Empire entrepreneurs, celebrating their innovation, resilience, and commitment to the community.

For more information about the Spirit of the Entrepreneur Awards, visit https://www.spiritawardsie.com.

For more details about the Inland Empire Regional Chamber of Commerce and its members, visit www.iechamber.org.

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