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San Bernardino Valley Launches Strategic Vision and New Brand to Support Regional Water Supply Needs



San Bernardino Valley Municipal Water District Launches Strategic Vision and New Brand to Support Regional Water Supply Needs

Today, the San Bernardino Valley Municipal Water District (San Bernardino Valley) launches a new strategic vision and brand identity representing a renewed direction built off of a strategic plan that reinforces the organization’s values for those it serves and its priorities for the region.

Achieving a diverse, equitable, and resilient water supply in the upper Santa Ana River (Upper SAR) watershed is critical to San Bernardino Valley’s communities, businesses, economy, environment, and overall quality of life both for people today and future generations. San Bernardino Valley’s new vision supports its first ever strategic plan and rebranding effort, which is key to ensuring the organization is equipped to tackle priority issues like improved water quality, adequate and reliable water supply, and a comprehensive program to conserve, reuse, and recycle water to meet the region’s needs. With this also comes the responsibility to maintain the health of local ecosystems and to protect the quality of life for people and the shared environment.

A New Direction and Enhanced Vision Brings Benefits to the Entire Region

Since 1954, San Bernardino Valley has been a critical steward of the upper Santa Ana River, generally seen as the area from the San Bernardino Mountains to Prado Dam in Corona. San Bernardino Valley serves more than 244,000 households and over 6,000 businesses across more than 350 square miles. As a regional wholesale water agency and State Water Contractor, the organization’s solutions-oriented, collaborative, and adaptive vision will strengthen ongoing efforts to achieve long-term and comprehensive water security. With the help of partners and collaborators, San Bernardino Valley will deliver resilient, restorative, science based, cost-effective, and integrated solutions. Through this approach there are already several new regional projects underway that will deliver on the promises of San Bernardino Valley’s new vision, including:

  1. Regional Recycled Water System providing up to 2.9 billion gallons per year of drought-proof water supply
  2. Enhanced Recharge Stormwater Capture Project saving up to 26 billion gallons per year of local stormwater
  3. Upper Santa Ana River Habitat Conservation Program protecting 22 endangered or threatened species while providing environmental permits for over 100 water supply projects on behalf of 11 water agencies
  4. Watershed Connect Regional Funding Program securing over $400 million in financial resources to construct more than 20 local water and energy infrastructure projects
  5. Forecast Informed Reservoir Operations (FIRO) Viability Assessment for Seven Oaks Dam to provide a flexible water management approach using data from improved weather forecasting to increase local water supply and resilience to droughts and flood
  6. Headwaters Resilience Partnership program bringing together local and regional stakeholders to strategically invest in forest management and protection efforts to prevent catastrophic wildfire in our headwaters and impacts to water supplies
  7. Hydropower facilities generating 3,950 MW/hours of renewable energy annually while
    increasing energy grid resilience for the region
  8. Sites Reservoir providing 4 billion gallons new imported water supply to our region
    “San Bernardino Valley is excited to share with the region our new vision, building upon decades of success since 1954. With a focus on being a trusted partner and collaborator, solutions oriented, and adaptive, our new direction is driven by our first ever strategic plan, and signifies our continued commitment to the people that we serve,” said Heather Dyer, Chief Executive Officer/General Manager of San Bernardino Valley. “The importance of being able to provide a sustainable and reliable water supply to support the changing needs of the people, businesses, and environment remains at the forefront of our commitment to the region and the entire watershed.”

Long-term and Comprehensive Water Security

As California continues to face water supply challenges across the State as a result of climate change, a growing population, a global economy, and antiquated infrastructure, it’s critical that water agencies start implementing collaborative strategies to diversify water supply portfolios to create a more dependable and sustainable water supply; and achieve long-term and comprehensive water security. The path forward for San Bernardino Valley uniquely positions the organization to execute and deliver on the needs of the region today, tomorrow, and into the future as the State continues to tackle solutions to comprehensively address our ongoing water supply deficiencies.

“Even in the wake of recent storms that have provided some drought relief in various communities across the State, it remains critically important that we are able to provide long-term water security both statewide and locally to meet the needs of all uses,” said Senator Rosilice Ochoa Bogh, CA State Senate District 23. “San Bernardino Valley’s new strategic vision underscores the importance of how regional water suppliers can come together for the greater good – to better ensure our communities, businesses, and the environment have a reliable and sustainable long-term water supply that can continue to serve our growing population and economy.”

Aligned with regional and statewide water reliability efforts, San Bernardino Valley will continue to work with local retail water agencies and other stakeholders in Southern California leading efforts statewide to seek immediate change in public policy to make bold and necessary investments in the future of California’s water supply infrastructure system.

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



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



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



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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