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Southern California AltCar Conference, Expo and Ride & Drive Coming to Riverside Convention Center

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Enjoy Free Admission to Family-Friendly Expo and Ride & Drive Experience

Conference To Feature Keynote Address From California Air Resources Board Chair Mary D. Nichols

October 8, 2019, (Press Release) AltCar is pleased to bring the latest in alternative fuel vehicles and technology to Riverside for the inaugural SoCal AltCar Conference, Expo and Ride & Drive on October 16, 2019 at the Riverside Convention Center.

Showcasing light, medium and heavy-duty alternative fuel vehicles, AltCar Expo features a wide array of battery electric, fuel-cell electric, plug-in hybrid, hybrid electric, and natural gas vehicles including the Nissan Leaf, Honda Clarity Elecetric, Honda Clarity PHEV, Honda Clarity Fuel Cell and more. The day will be split into two parts: the SoCal AltCar Conference and then the Expo and Ride & Drive event. The event will commence with the SoCal AltCar Conference designed for fleet managers, sustainability directors, legislative staff, business owners, NGOs, industry,

and media to have the opportunity to attend panels on Innovative Mobility Solutions: Light-to-Heavy Duty Product and Best Fleet Practices and Alternative Technology Infrastructure and Product Investment Opportunities. AltCar is proud to host California Air Resources Board (CARB) Chair, Mary D. Nichols, as the keynote speaker at a pivotal time in the region, state and nation’s transition to cleaner alternative fuel vehicles and policies to improve air quality.

“The Inland Empire region is rapidly becoming a destination for clean-energy technology and serves as an example of climate-friendly policies that promote and protect public health and environmental justice,” says California Air Resources Board Chair Mary D. Nichols. “The SoCal AltCar Expo is a perfect fit for this region and an important resource for the Riverside community. CARB is proud to participate in the event and we are looking forward to moving our Southern California headquarters here, and establishing productive relationships with the school district, community college and university.”

In advance of moving its Southern California headquarters to the City of Riverside in 2021, CARB will be celebrating the signing of cooperative agreements with three local educational organizations from the SoCal AltCar Conference at 9 a.m. Representatives of the Riverside Unified School District, Riverside Community Colleges, and the University of California, Riverside will join CARB Chair Mary D. Nichols to sign memoranda of understanding to work with faculty and students of each organization to advance research and inspire students at all levels to learn more about air quality, the impacts of climate change, and CARB’s efforts to clean the air.

After 2 p.m., guests will enjoy free admission to the Expo and Ride & Drive at the second part of the daylong event to test drive vehicles and speak with product specialists from brands and manufacturers that are continuing the movement toward alternative fuel and clean car policies.

The SoCal AltCar Conference, Expo and Ride & Drive is on October 16, 2019 at the Riverside Convention Center, 3637 5th St., Riverside, CA 92501. The SoCal AltCar conference is from 9 a.m. – 3 p.m. and tickets are $75. Online registration is required for the SoCal AltCar Conference. After 2 p.m., the Expo and Ride & Drive is free to the public and is a family-friendly event. For additional information or to register for the conference, visit www.altcarexposocal.com or call 310-390-2930.

 

About AltCar Expo

Established in 2005, AltCar is the only event in the United States to gather every single model of alternative technology light duty vehicle available for purchase or lease in one location. With four annual events across California, AltCar brings together the leaders in alternative energy innovation to showcase the largest collection of alternative fuel vehicles and technologies in an accessible and comprehensive setting for both industry insiders and the general public. AltCar empowers citizens to take further action in supporting California’s groundbreaking clean car policies that are driving national and global change. For more information, visit altcarexpo.com.

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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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