By Press Release
Supervisors direct $72.2 million to fight homelessness
Efforts to combat homelessness throughout San Bernardino County received a major boost today from county supervisors, who unanimously agreed to leverage $72.7 million in federal, state and county resources to support the landmark 2022 Homeless Strategic Action Plan approved by the board in June.
“Addressing the root causes of homelessness is the most effective means of reducing the numbers of people experiencing homelessness and providing a path forward for the individuals and the community at large,” said Fourth District Supervisor Curt Hagman. “As a board, we are leveraging all of the resources at our disposal and thinking outside the box by linking housing and other services to give people who are struggling a foundation of stability. This approach enables people to break through the challenges they are facing and get back on their feet and off the streets.”
The Homeless Initiatives Spending Plan approved by the Board of Supervisors today includes $15 million from the County general fund for a new County Housing Development Grant to support community-based homeless housing projects.
“San Bernardino County is taking a positive step to address homelessness with the Board of Supervisors action to approve funding for transitional housing and recuperative care,” said Fifth District Supervisor Joe Baca, Jr. “This will begin the necessary steps to increase much needed capacity for the unsheltered population while providing the necessary services. We look forward to our continued efforts on working with the community to meet the challenges of homelessness.”
“San Bernardino County is leading the way in addressing homelessness from a regional approach,” said Second District Supervisor Jesse Armendarez. “Today’s investment will create opportunity from housing and wrap-around services throughout our county and strengthen coordination with cities and nonprofit organizations.”
The spending plan allocates $72.7 million in available federal, state and county resources towards six strategic initiatives that support the county’s Homeless Strategic Framework and the 2022 Homeless Strategic Action Plan addressing the root causes of homelessness by increasing the supply of housing opportunities for at-risk populations:
- The Pacific Village Phase II expansion ($29.7 million) is one of several collective impact approaches to address homelessness in the county. Each of the treatment and housing typologies will provide individuals with semi-private or private housing rather than congregate dormitory beds. Private housing provides a stable, dignified living situation and can be tailored to fit the specialized needs of individuals who require high levels of social and behavioral health supports needed to accept and maintain housing. It is anticipated that Pacific Village will increase the number of individuals connected with housing and supportive services by 698 to approximately 726 annually.
- The Kern Street Adult Residential Facility expansion ($2.5 million) will convert an existing adult residential facility to a 30- bed facility that provides rooms, meals, supervision, distribution of medicine, and personal care assistance to individuals with chronic behavioral health issues and who are unable to live by themselves.
- At the height of the COVID-19 pandemic, the County initiated agreements under the State funded Project Roomkey program with numerous hotels and motels to house homeless individuals on a temporary basis. This funding will end on March 31, and there is a need to prevent this population returning to homelessness due to age and high medical risk factors. The Project Roomkey Continuance initiative ($4.4 million) will provide for the continued temporary housing support of 80 to 90 beds and the necessary components of housing, food, laundry services and security for an additional year as individuals transition from temporary to permanent housing.
- The Social Work Action Group, or SWAG, performs street outreach, engagement, housing navigation and case management services to individuals and families who are homeless by addressing the whole-person care approach. SWAG works in collaboration with the Sheriff’s Homeless Outreach and Proactive Enforcement (HOPE) team, Department of Behavioral Health, Department of Aging and Adult Services and community-based providers to provide services. In partnership with SWAG, the County has engaged with 165 homeless individuals since December 2021, with 63 (38%) of those individuals being sheltered. A recommendation to extend the current contract with SWAG for an additional two years ($3.4 million) was unanimously approved by the Board of Supervisors today.
- The County Housing Development Grant initiative will have staff explore the development of a $20 million County grant program that can be offered to third parties (primarily partner cities) to support homeless housing projects, with a focus on the construction of new units, that provide additional housing beds (which may include emergency shelters). The goal of this program would be to create and operate additional low-cost housing units for homeless and displaced individuals. This program is in the conceptual stage and specific program details and budget adjustments will be brought forward for board approval at a future date.
- The U.S. Department of Housing and Urban Development (HUD) HOME-ARP Program allocated the county $12.7 million to assist with addressing the region’s housing needs and provision of homeless services. As a requirement of the agreement, the County must provide an Allocation Plan by March 31 detailing for which categories the county intends to use HOME-ARP funding. A public hearing before the board on the use of these funds took place today.
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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