Chad Brownstein
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Feb 3, 2021

Chad Brownstein’s Alaska Cold Storage Agreement Provides Strategic Location for Reaching Multiple Continents

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Alaska Cargo and Cold Storage, LLC (ACCS) entered into a 55-year ground lease agreement with the State of Alaska. ACCS proposes to build a 700,000 square foot warehouse facility at Ted Stevens Anchorage International Airport (ANC). The campus upon completion could reach  32.5 million cubic feet of storage.

The warehouse will be climate controlled. Its location in Anchorage, Alaska, provides a great strategic advantage because it’s within 9.5 hours of the most crucial marketplaces within Asia, Europe, and North America.

Strategic Advantage of Ted Stevens Anchorage International Airport

ANC is located in a Foreign Trade Zone, which makes it an ideal hub for global trade. And the agreement includes a $21 million BUILD grant to support constructing the warehouse facility.

 “We’re excited about the potential this integral piece of the global cold chain has to make Ted Stevens Anchorage International Airport and Alaska a more attractive place for global companies to do business,” said Alaska Gov. Mike Dunleavy.

ANC is the second-largest and sixth-busiest cargo airport, making it a strong strategic option for ACCS. During some parts of 2020, ANC had the most air traffic of any airport in the country. In fact, in 2020, ANC had transported 3.1 million metric tons of cargo. That’s a 16 percent increase over 2019. Demand for transporting cargo through ANC grew throughout 2020. The airport started the year as the 38th busiest airport in the country and finished the year as the 15th busiest airport in the country.

As a whole, the project will have a large impact on the Anchorage economy. It should allow for improved exporting of Alaska’s seafood and provide significant economic development.

“Cargo carriers and their industry partners are recognizing the advantages of operating at ANC. The signing of the ACCS lease cements 2 of 5 cargo developments, totaling more than $1-billion dollars of private investment, at ANC,” said Ted Stevens Anchorage International Airport’s Director Jim Szczesniak. “This new facility will further connect the World to Alaska, benefitting a burgeoning peonies market, Alaska’s seafood industry, and other Alaskan exports.”

Plans for the ACCS Warehouse Facility

The warehouse facility will provide leasable cargo transfer and cold storage space to major air cargo carriers among other users. It will be located adjacent to the airport’s runways and will offer a variety of storage options, including:

  • Quick cargo
  • Cold and warm storage
  • Logistics services
  • General warehousing options
  • Auxiliary space for tenant offices

The facility will use modern energy-efficient and renewable technologies, making it a state-of-the-art operation. Currently, Alaska has very limited cold storage and therefore vulnerable to supply chain disruptions. This new facility will reduce Alaska’s dependency on Washington-based cold storage and improve Alaska’s food security.

Phase One

ACCS has planned a phased approach for building the campus. The first phase of the project will provide 190,000 square feet of warehouse space and could begin construction in 2021. The first phase of the project has an anticipated budget of $87.9 million. This initial 190,000-square-foot warehouse should be operational by the summer of 2022.

Phase Two

The second phase of the project includes adding an additional 525,000 square feet to the warehouse. This phase has an anticipated budget of $220 million.

About Alaska Cargo and Cold Storage, LLC

Chad Brownstein and McKinley Capital Management LLC came together to create the joint venture of Alaska Cargo and Cold Storage, LLC.

Chad Brownstein leads Rocky Mountain Resources and has built an industrial complex throughout the Mountain West. Rob Gillam leads McKinley Capital Management, a global investment firm based in Anchorage.

The partnership comes at a time in history when air travel has become dominated by cargo shipments. Passenger air travel diminished in 2020 due to the coronavirus pandemic. But while people weren’t traveling, they were busy ordering more goods and services online, increasing the demand for cargo transportation.

Nov 14, 2018

Chad Brownstein – Colorado is “The Permian for Water”

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Chad Brownstein, CEO of Rocky Mountain Resources, discusses the potential market value and actual logistics of investing in water.

May 15, 2018

Chad Brownstein on Bloomberg – The new oil economy

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Transcript:

Alix: I’m Alix Steel and welcome to Bloomberg Commodities Edge. It’s 30 mins to focus on the companies and physical assets and the trading behind the hottest commodities with the smartest voices in the business. Let’s first kick it off with ‘spot on’ our expert and investor take on our big story and this week, the big story is President Donald Trump’s decision to pull out of the Iran Nuclear Deal.

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Apr 11, 2018

Why real assets are the real deal

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Chad Brownstein, CEO of Rocky Mountain Resources (RMR), was recently interviewed by Market Currents ahead of the Family Office Event. He talked about real assets, why Colorado is experiencing extraordinary growth, and why there is a growing market from family offices from Asia.

To read the complete interview, go to http://www.marketcurrentswealthmanagement.com/.

Jan 6, 2018

Chad Brownstein on taking advantage of the new Corporate Tax Rate

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Chad appeared on Fox News to discuss some of the implications of the new tax bill that comes into effect on 1/1/2018.

 

 

Transcript:
Fox News:There’s something else that’s coming up this new year the new tax code. You know, we’ve heard a lot about that after President Trump signed the sweeping tax bill into law earlier this month. Well our next guest has some tips on how we can all make the law work for us let’s bring in Chad Brownstein CEO of Rocky Mountain Resources joining us now.
So Chad, I mean right now the average tax refund is like they say over three thousand dollars how do you think people can maximize this you know for next year. What do we do?

Chad: You got to benefit your business. When you have a corporate tax rate of 21% and the ability to buy things and depreciate it immediately, your business is what’s going to drive it if you own a small business and if you own a large business you’re going to be busy buying capital equipment so it’s time to buy in America.

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Dec 12, 2017

Chad Brownstein on 2018 Shale Production

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Chad Brownstein, CEO of Rocky Mountain Resources, appeared on Bloomberg to discusses his forecast for 2018 Shale production coupled with aggregate and infrastructure spend.

Nov 17, 2017

MarketCurrents interview with Chad Brownstein

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Chad Brownstein was recently interviewed by MarketCurrents, about the advantages for family offices in real asset ownership and investing in natural resources.

In the interview, Chad discusses Rocky Mountains Resources’ focus in the Colorado Market, return on investments and the strategy that differentiates Rocky Mountain Resources from its competitors.

To read the full interview, go to http://www.marketcurrentswealthmanagement.com/real-asset-ownership-marketplace-family-offices/

Sep 2, 2016

LA Rams picks Banc of California for foundation partner

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The Los Angeles Rams foundation chose the Banc of California to be its official banking partner.

“The Rams Foundation is committed to benefiting the Los Angeles region directly and through its non-profit community partners. As we come home to Southern California, we will continue using our visible platform to make our community a better place.”

This announcement expands the Banc’ existing involvement which includes the Los Angeles Football Club, USC Athletics along with the 2024 Los Angeles Olympic Bid.

“In California, sports is a connector to communities. Banc of California is proud to partner with the Los Angeles Rams Foundation. We believe in supporting organizations that strengthen California’s diverse citizenry and the Rams organization and Foundation are doing exactly that. Our partnership with the Rams Foundation will continue our meaningful impact on the at risk youth of Los Angeles,” said Chad Brownstein, Vice Chairman of Banc of California and a member of the LA 2024 Committee.

To read more about the partnership between Banc of California and Los Angeles Rams, click here

Feb 4, 2016

Banc of California gets behind US Olympic Bid

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Los Angeles 2024 Olympic bid teamed up with Banc of California for it to serve as its commercial bank.

Los Angeles was elected to be the United States’ candidate city to host the 2024 Olympic and Paralympic Games. LA 2024 is led by bid chair Casey Wasserman, Chairman and Chief Executive Officer of Wasserman Media Group, and bid CEO Gene Sykes, a partner at Goldman Sachs and former member of its Management Committee. NBA icon, Olympic gold medalist, and business leader Magic Johnson and legendary labor leader Maria Elena Durazo were recently named as LA 2024 Vice Chairs, along with four time Olympic gold medalist swimmer Janet Evans. It also has strong backing from the current LA mayor Eric Garcetti.

Chad Brownstein, Vice Chairman of Banc of California is excited to part of the bid. “Banc of California is thrilled to partner with LA 2024 to help bring the Olympic Games back to Los Angeles. We believe in partnering with organizations that strengthen our communities and empower our private businesses, entrepreneurs and homeowners to pursue their California Dreams. This bid, under the stewardship of Mayor Eric Garcetti, Casey Wasserman and Gene Sykes, will benefit Los Angeles’ economy and strengthen our diverse community,”

To read the complete release on streetinsider.com about Chad Brownstein and Banc of California’s involvement with the Olympic Bid, click here.

Mar 20, 2015

Chad Brownstein Discusses Oil Prices on CNN International

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The drop in oil prices has caused a stir among countries that depend on the high prices to meet their national quotas. Venezuela, Nigeria and Russia are among the countries that have been under pressure due to the sudden drop in oil prices. In an interview with CNN, Chad Brownstein, revealed that one of the primary causes of this drop in prices is the fact that there have been over drilling, particularly in the United States.

Competition between the United States and the Saudi Arabia as well as the United Arab Emirates also is also causing this drop in prices. The country that will be benefiting the most is China, where importing oil at $70 per barrel or less actually lowers the country’s overall production cost by quite a big margin.

“It’s very important to diversify,” Mr Brownstein reemphasises his thoughts on how the United States can survive this price drop and the stress it puts on the US monetary. “I think 70 is the new 100 ‘from a 5 year strip perspective’. It’s the new standard by which the US operators are going to have to view their drilling strategies.”

The energy analyst and chief executive officer of Rocky Mountain Resources is firm in his analysis about the situation. If oil price is going to level at the $70 per barrel over the coming years, the US policy makers need to re-evaluate their policies, invest more in job-creating projects and rethink their national pipeline strategy.

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Recent Posts

  • Chad Brownstein’s Alaska Cold Storage Agreement Provides Strategic Location for Reaching Multiple Continents
  • Chad Brownstein – Colorado is “The Permian for Water”
  • Chad Brownstein on Bloomberg – The new oil economy
  • Why real assets are the real deal
  • Chad Brownstein on taking advantage of the new Corporate Tax Rate

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