CVAR’s Director of Government Affairs Bill Ruh, left, attends a Gold Line extension groundbreaking.
The Foothill Gold Line Construction Authority (Construction Authority) announced a milestone for the 12.3-mile, six-station rail extension from Glendora to Montclair on Sept. 12, as four shortlisted design-build teams vying for the Alignment Design-Build Contract submitted proposals.
The four teams deemed most qualified and shortlisted to compete for the more than $700-million design-build contract are: AECOM | Stacy and Witbeck JV; Herzog Rados Lane, a Joint Venture; Kiewit-Parsons, a Joint Venture; and the San Gabriel Valley Transit Partners (STP), a Joint Venture of Fluor and Ames.
The four teams submitted proposals in response to tens of thousands of pages of engineering and project information provided to each team over the last several months.
The roughly $1.5-billion project will add new Metro Gold Line stations in the cities of Glendora, San Dimas, La Verne, Pomona, Claremont and Montclair. It is funded by Measures M and R in Los Angeles County, Measure I in San Bernardino County and the State of California’s Transit and Intercity Rail Capital Program, an SB1 program that receives proceeds from the Cap and Trade auction and the recent gas tax increase.
The proposals received include each team’s technical approach to completing the design and construction of the project, their management method, proposed key personnel, financial bid and more. Over the next several weeks, six committees of transportation and industry experts, attorneys, financial professionals and partner agencies will review different elements of the proposals and then come together to provide their overall ratings and recommendations.
Procurement for the Alignment Design-Build Contract began in November 2017, when a Request for Qualifications was issued to the industry. The four shortlisted teams were selected out of a total of seven teams that submitted Statements of Qualification.
The Construction Authority says the Alignment Contract is expected to be awarded in the next few months, with major construction expected to begin in early 2020 and consist of two construction phrases. First, crews will rebuild and relocate the freight and Metrolink systems that currently operate in the middle of the rail corridor. Once the relocation is done, crews will build the light rail system.
The overall project is scheduled to finish in 2026. Officials say that during construction, the Glendora to Montclair project will generate nearly 17,000 jobs, more than $2.6 billion in economic output, more than $1 billion in labor income and nearly $40 million in tax revenues.
Last month, Long Beach, CA-based W.A. Rasic Construction completed its work to relocate and protect utilities that cross the railroad right of way from Glendora to Montclair.
The Glendora to Montclair section is an extension of the Metro Gold Line light rail system that currently runs between East Los Angeles and Azusa.
Progressive Real Estate Partners announced the $2.9M sale of a free-standing Shell Gas Station and Convenience Store located at 12510 Central Ave., Chino. The station is located on a hard signalized corner at a busy four-way intersection, with traffic counts of 50,000+ cars per day.
Progressive Real Estate Partners’ Victor Buendia and Mike Lin represented the buyer and the seller in the transaction. The seller was a Los Angeles-based private investor and the buyer is a Corona-based private investor that operates numerous ARCO gas stations throughout the Inland Empire. This will be the buyer’s first Shell-branded station.
Built in the mid-1980s, the well-established station has four 10,000 gallon tanks and an 840-square-foot 24-hour convenience store. The full service store offers a variety of snacks, to-go coffee, drinks, beer and wine as well as an ATM. The $2.9M purchase price included both the business and the real estate (approx. ½ acre). The station is located at a busy signalized intersection on Central Avenue, a major north/south thoroughfare. It is the only gas station at the intersection with Starbucks, Wells Fargo Bank and Jack in the Box on the other three corners.
The city’s community development department has been holding environmental scoping meetings on a proposed project at the northwest corner of Monte Vista Avenue and Foothill Boulevard called “The Commons.”
The project proposes to convert 9.7 acres of vacant land at the entrance to the city of Claremont into a multi-use community with approximately 27 single-family detached homes, 68 townhomes and 5,000 square feet of retail with 10 flats above the retail.
The purpose of the meetings is to gather input from the community on environmental impacts to study during the review of the project.
The project consists of 6.7 acres in Claremont and three acres in Upland, and the applicant is proposing to integrate two parcel areas into a single master planned community with a specific plan in both Claremont and Upland.
The Commons is designed for a variety of home buyers, according to the city meeting description, including “age in place buyers seeking ease and accessibility in later years, as well as attainable first-time home buyers.”
The California Park and Recreation Society (CPRS) recognized the City of El Monte as the 2017 Award of Excellence recipient for the city’s fall programming brochure “Capture the Spirit.”
The CPRS awards recognize cities, agencies, universities and companies for outstanding achievement in the areas of park planning, marketing, communications and community improvement. The city was recognized under the marketing and communications campaign category. CPRS evaluates entries based on the completion of four areas: challenge, resourcefulness, execution, accomplishment and mission.
The city’s fall programming brochure centered around the concept of making memories in El Monte. The front cover of the brochure displays a vintage background with fall colored leaves and Polaroid photographs.
CPRS is a membership organization with 3,600 members representing the 535 local parks and recreation agencies throughout the state. The mission of CPRS is to advance the profession and its members through education, networking, resources, and advocacy. The Award of Excellence is presented after a review of all entries for the preceding year.
The City of Industry along with the San Gabriel Basin Water Quality Authority and the U.S. Environmental Protection Agency (EPA) recently announced the start of construction of a groundwater treatment system in Puente Valley as part of ongoing cleanup at the San Gabriel Valley Superfund Site. The new $40M treatment system, expected to be completed by 2020, will capture and remove volatile organic compounds (VOCs), 1,4 dioxane, perchlorate, and hexavalent chromium from groundwater.
Under EPA oversight, the Northrop Grumman Systems Corporation will install two miles of underground pipeline and construct a groundwater treatment facility. Once completed, the facility will extract contaminated water from underground and send it to the treatment plant. The new facility will treat over two million gallons of groundwater a day and meet state and federal drinking water standards.
Once construction on the new treatment system is complete, EPA will oversee testing of the water before the California Division of Drinking Water issues a permit to La Puente Valley County Water District to operate the treatment facility and distribute the water to local users.
In 1984, EPA established the Puente Valley Operable Unit (PVOU) as part of the San Gabriel Valley Superfund Sites after groundwater monitoring revealed significant volatile organic compound (VOC) contamination in groundwater within the southeastern portion of the San Gabriel Valley. Groundwater contamination is the result of decades of improper handling and disposal practices by individual facilities that released industrial solvents into the soil and groundwater.
A cleanup plan was prepared in 1998 and updated in 2005 to address an approximately 5-square mile wide plume of contaminated groundwater that extends beneath the City of Industry, city of La Puente, and portions of unincorporated areas of Los Angeles County. The cleanup plan calls for three separate groundwater cleanup systems in the PVOU to remove and treat contaminants from different groundwater areas. Each system will consist of its own groundwater extraction wells, pipelines, and treatment plant. The other two groundwater systems will address shallow groundwater and are expected to start construction by 2020.
For more information on the Puente Valley Operable Unit, please visit www.epa.gov/superfund/sangabrielpuentevalley
Duke Realty Corp., an Indianapolis-based real estate investment company, has purchased a 25.5-acre lot at 13131 Los Angeles St. in Irwindale from a private seller for an undisclosed amount, downtown Los Angeles-based commercial real estate brokerage firm CBRE Group Inc. announced.
CBRE’s Darla Longo and Barbara Perrier along with Colliers International’s Andy White represented the seller. CoStar Group Inc. lists Sharon Tedesco of Palos Verdes Estates as the previous true owner of the property.
The site is zoned for heavy industrial use and is located adjacent to the 605 freeway. It can fit a 500,000-square-foot warehouse should its new owner so desire, CBRE said. The vacancy rate for industrial real estate in Los Angeles County during the second quarter of 2018 was 1.4 percent, according to data supplied by Jones Lang LaSalle Inc. The average asking rent for industrial space in the county last quarter was 84 cents per square foot – an annual increase of 9.1 percent, JLL said.
Ivanhoé Cambridge has acquired from CapRock Partners two large parcels of land in Ontario, which will be developed as Colony Commerce Center, a more than $450 million Class A industrial project, the two companies announced. CapRock Partners will develop the 11-building, two-phase project on behalf of Ivanhoé Cambridge.
The purchase price was not disclosed.
The project, in Southern California’s Inland Empire, will consist of almost 3 million square feet of leasable space and offer building sizes as large as 1 million square feet.
The two sites are adjacent, though separated by a road, and total about 150 acres, an Ivanhoé Cambridge spokesperson told Commercial Property Executive. He added that construction of phase one is expected to start toward the end of this year and of phase two sometime in the first quarter of 2019.
Ontario is the region’s largest industrial submarket, with an inventory of 110.3 million square feet. Overall vacancy is a paltry 2.1 percent, and only about 1.1 million square feet is under construction or has been delivered YTD, per Cushman and Wakefield.
City of Industry-based manufacturer K-1 Packaging Group, along with local investor Eric Tsai, purchased an industrial building at the Mission Commerce Center at 2001 W. Mission Blvd., Pomona, for $13.4 million, The Real Deal has learned.
The seller—Crow Holdings—developed the 96,800-square-foot building as part of a larger six-building complex, dubbed Mission Commerce Center, located at the corner of Mission Boulevard and Humane Way. Cushman & Wakefield’s Phil Lombardo and Ty Newland had the listing.
The other buildings at the site range from 35,000 to 150,000 square feet. All of the buildings in the complex have now been sold, Newland confirmed. The Dallas-based equity firm purchased the entire site for $12.5 million in 2014 and completed the project earlier this year.
K-1 packaging offers customized packaging for consumer products and whose clients include Pureology and Alterna.
Allmark Properties secured a $50 million loan to refinance a large residential community in Rancho Cucamonga. Capital One provided the loan to the local firm through Fannie Mae, refinancing the portfolio of six apartment communities with a total of 538 units. The fixed-rate loan has a 10-year term.
Allmark Properties, which owns and manages more than 2,500 units in California and Texas, developed the six contiguous properties between 1971 and 1978 and maintains them now. Located at 8389 Fir Drive, the properties include the Fir Terrace, Arrow Terrace, Cucamonga Terrace, Placer Terrace, Terrace 78, and Terrace 12.
“The Terraces,” or the “Terrace Apartments,” operate as a single entity through a shared facilities agreement. The community is located in the foothills of Rancho Cucamonga, and has a resort-style layout that was recently remodeled. Community amenities include tennis and basketball courts, a dog park, business center, barbecue areas and swimming pools.
Capital One has spent most of the past year financing larger projects on the East Coast. But the Riverside-San Bernardino area, where Rancho Cucamonga is located, is considered to be one of the next big boom markets.
With a budget shortfall already projected for the next fiscal year, West Covina took action to reduce its costs by refinancing its debt and reorganizing staff across several city departments. The city council voted unanimously to approve the reorganization of several departments and to issue $23.75 million in bonds that will be used to convert the city’s debt from a variable interest rate to a fixed rate.
The staff reorganization would bring planning, building, engineering and economic development and housing under one department, allowing the city to provide a centralized development counter, according to a city staff report. The new model, which includes the elimination of several positions, will save the city $125,000 from the city’s general fund and $150,000 in special funds annually once it is fully implemented, according to the report.
For several years, the city had been looking, City Manager Chris Freeland said, for ways to refinance its variable rate debt, but the city’s budget woes in the past two years have prevented the city from being able to wield such a strategy. Over the bonds’ 26-year term, the city will pay a total of $35.5 million, according to a city staff report. However, the city is set to save between $90,000 and $225,000 per year for the next 16 years, according to the report.