CALIFORNIA BUSINESS PROPERTIES ASSOCIATION (CBPA)
CBPA is the designated legislative advocate for the International Council of Shopping Centers (ICSC), NAIOP of California, the Commercial Real Estate Developers Association (NAIOP), the Building Owners and Managers Association of California (BOMA), the Retail Industry Leaders Association (RILA), the Institute of Real Estate Management (IREM), the Association of Commercial Real Estate – Northern and Southern California (ACRE), the National Association of Real Estate Investment Trusts (NAREIT) and the California Association for Local Economic Development (CALED). CBPA currently represents over 10,000 members, making it the largest consortium of commercial real estate professionals in California.
AD OPPOSING SPLIT-ROLL PROPERTY TAX RELEASED
CA Business Roundtable has released an online ad to educate voters about the truth behind special interests’ attempts to raise more than $9 billion in new taxes and cost the state as many as 400,000 jobs by overturning Prop. 13.
HIME HONORED FOR 30 YEARS OF SERVICE
Last week at the Industry Awards Dinner, several leading figures in the commercial real estate industry surprised Rex Hime by recognizing his 30th Anniversary at the helm of CBPA.
A visibly touched Hime welled-up as family appeared seemingly out of nowhere, and he was presented with a Joint Resolution from the State Senate Leaders Darrell Steinberg (D-Sacramento) and Bob Huff (R-Diamond Bar) honoring his work, as well as a custom made Hawaiian shirt, which has become his trademark over the years.
INDUSTRY LEADERS RECOGNIZED
As part of the regularly scheduled program several industry leaders were recognized: Champion of the Industry Awards went to the Segerstrom family of South Coast Plaza, for their accomplishments in the retail development field; to Bob Voit, Founder & CEO, of Voit Real Estate Services for their accomplishments in the office development field; to CBRE for their accomplishments in the service development field and to ReNewAll and IBEW 11/NECA Los Angeles/LMCC for their accomplishments in energy efficiency.
Two companies also received major recognition for their dedication and commitment to community service and the commercial real estate industry. Don Wright, CEO of Property Development Centers and Senior Vice President of Real Estate & Engineering of Safeway Inc., accepted the John Caldecott Memorial Award on behalf of Safeway for their community charitable actions.
And Tejon Ranch was awarded the Ernest W. Hahn Memorial Award for Legislative Affairs for their ongoing service to the commercial real estate industry. There to accept the award was Eileen Reynolds, VP of Government Affairs and Greg Bielli, Tejon Ranch President and CEO.
The bi-annual Industry Awards Dinner recognizes the unwavering leadership of individuals and companies dedicated to the commercial industrial retail real estate industry. Over 200 attendees enjoyed the evening in Orange County.
Click here to see the event program.
2014 Year-End Wrap-Up
During the 2014 legislative session, our industry had great success on a number of key issues. They include passage of new water bond legislation, addressing EV Charging Station mandates, stopping several efforts to advance split roll property tax and make it easier to raise local parcel taxes. Below are some highlights.
LEGISLATION – On behalf of the commercial real estate industry, CBPA engaged on 479 pieces of legislation in the California State Capitol.
REGULATIONS – On behalf of the commercial real estate industry, CBPA engaged regulatory agencies ranging from the California Energy Commission, Public Utilities Commission, Air Resources Board, Building Standards Commission, State Architect and Department of Finance on a range of policies, such as energy efficiency, greenhouse gas regulation, land-use, and recycling.
WAGE LIENS – After a long and hard fought battle, CBPA successfully killed AB 2416 (Stone), a bill that was meant to pull your business and/or properties into labor disputes that you have nothing to do with by creating a new “wage lien” that virtually anyone could place.
PROP 13/SPLIT ROLL – There has been a lot of activity, but not much action, on a slew of bills in the legislature aimed at changing Proposition 13, mainly by lowering the vote threshold from two-thirds to 55% for a number of different special interests. CBPA participated in a number of hearings and scores of meetings with policymakers throughout the year. While the Senate Elections and Constitutional Amendments Committee passed several constitutional amendments, they moved the measures to the Senate Rules Committee instead of to the Senate Floor. None moved any further and are now dead. All indications are pointing to split roll advocates using local adoptions of resolutions in support of split roll to undergird a push for a statewide proposition on the topic in 2016.
SPLIT ROLL CHANGE IN OWNERSHIP – Worked with the Author of AB 2373 (Ammiano-D) and Assemblymember Bocanegra to craft amendments to the bill to “change of ownership” language that ameliorated industry concerns over creating a split roll property tax. After the compromise language was adopted, split roll advocated opposed the bill and killed it in the legislature.
Click here for a full list of CBPA’s successes.
Split-Roll Property Tax Study
A study that examines the potential economic impact of a split-roll property tax, taking into account how a split roll would affect the behavior of individuals and businesses who own commercial property, has been completed and distributed to policymakers in California. Click here to read the study entitled The Economic Effects of California Adopting a Split Roll Property Tax.
CBPA serves on the executive committee for Californians to Stop Higher Property Taxes, a recently formed coalition of business and taxpayer groups with a mission to educate the public and policymakers about the devastating impacts of higher property taxes. Although higher property taxes are very unpopular and voters have rejected them time and again, some policymakers and advocacy groups often push the issue as a way to raise additional tax revenue.
The study shows that such proposals for property tax increases will only hurt California consumers, seniors and taxpayers, and further damage our state’s struggling economy.