By Press Release
Riverside Couple Uses Stimulus Check to Feed People During Coronavirus Crisis
The Judge Family is Urging Community Members to Donate Stimulus Check to Local Organizations amid global pandemic
May 21st, 2020 — Inland Empire families and individuals receiving their stimulus checks are choosing to donate to their local food bank, Feeding America Riverside | San Bernardino (FARSB) to help families in need of food assistance during the COVID-19 Coronavirus pandemic.
Jim and Phyllis Judge immediately thought of ways they could make the most out of their stimulus checks after the announcement was made that families would be receiving automatic financial assistance amid the coronavirus pandemic.
Living comfortably off of Jim’s social security and both of their retirement incomes without any major financial obligations, the Judges felt the need to donate their stimulus checks to an organization that would aid those facing immediate financial hardship during the pandemic, encouraging them to give to FARSB.
Jim Judge served as the Executive Director for United Way for five years in the Inland Empire (I.E.) and knew that the money had to stay within the I.E., where organizations had undeniably been inundated with requests to aid an overwhelming number of families facing the uncertainties of the impending economic situation.
As long-time Riverside residents of over 65 years, the Judges chose FARSB as the recipient of their $2,400 donation since it could be maximized to provide up to 192,000 meals to vulnerable families in his region.
The Judges hope that others will see how a simple act of kindness can make a huge impact and encourage those in a position to give to do so.
“There are a lot more people in dire positions. If you don’t need the money, donate it to a local food bank to help the needy,” Jim Judge said.
The Judge family is one of many families that, through the pandemic, have decided to use their government-granted funds to support their local food bank.
“Since I have been so fortunate financially during this time I want to donate to local charities from the money I will receive from the stimulus check,” Linda McKinley said.
Amanda and Michael Bates thought donating was one major way to put their federal stimulus check to good use when they donated $1,500 to FARSB.
William and Robin DeKleine are just happy to help nonprofit organizations that provide relief for economically disadvantaged neighbors. “We are a retired couple with sufficient income to live comfortably. This is stimulus money that we don’t need that can be better used by people who do,” the DeKleine family wrote.
And while some are donating their entire gift to the causes that matter most to them, others are splitting their stimulus checks up to help many people facing a variety of situations get the relief they need. “My husband and I don’t need our stimulus money, so we’re donating everything to various charities,” Julia Sanzberro said.
The Judge family hopes their donation, and the donations of others in his community, will help feed those in need and encourage those who don’t urgently need it, to donate.
If you’d like to donate your stimulus check to Feeding America Riverside | San Bernardino, where $1 helps to provide up to 8 meals, visit www.FeedingIE.org/donate.
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.
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.
By Press Release
BDK Logistics Intelligence Fully Leases 114,190 SF Industrial Facility in Corona, CA
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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