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  • Archive for August 13th, 2010

    Aug 13

    2010 INDUSTRY AWARDS GALA

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    The Industry Awards Dinner is scheduled for October 21, 2010 at The Fairmont Hotel in Newport Beach.  This event is not to be missed as it is a chance to recognize the unwavering leadership of individuals and companies dedicated to our industry. 

    Winners of the 2010 CBPA Industry Awards have been announced. Industry Awards are given to leaders in the commercial, industrial, and retail real estate industry that have significantly contributed to the advancement of the profession.

    Champion of the Industry Award Honorees

    Retail: Art CoppolaMacerich

    Office: Dick ZimanAVP Advisors, LLC

    Industrial: Howard SchwimmerRexford Industrial

    Ernie Hahn Memorial Award Honoree
    The Irvine Company

    John Caldecott Award Honoree
    Ranney DraperSpring Creek Investors

    Click here for more information or contact Melissa Martinez at 916-443-4676.

    Aug 13

    CALCHAMBER SOUNDS ALARM ON IMPACT OF PROPOSITION 19

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    According to a recent legal analysis by the California Chamber of Commerce, Proposition 19, the Regulate, Control and Tax Cannabis Act of 2010, not only would legalize pot use in California, it also would create a legal quagmire for employers by compromising workplace safety and establishing a new class of protected workers in the state.  Click here to read their take.

    Aug 13

    SB 375/ARB REPORT ON REDUCTION TARGETS FOR AUTOS AND LIGHT TRUCKS

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    ARB staff has released its proposed regional greenhouse gas emission reduction targets for automobiles and light trucks pursuant to Senate Bill 375.   The report and its associated California Environmental Quality Act (CEQA) Functional Equivalent Document are now available online for a 45-day public review period.  These proposed targets will be considered by ARB at its September 23, 2010 meeting and can be accessed here.

    Aug 13

    SDG&E SEEKS 7 PERCENT RATE HIKE

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    San Diego Gas & Electric Co. has asked regulators for its largest increase in revenue in at least 30 years as part of an initial filing to raise rates for electricity and gas.  In a draft application submitted in early August, the utility said it needs $310 million additional dollars, a 7 percent increase from 2010 revenue, to cover costs through 2015.  Here is the full story.

    Aug 13

    ENERGY EFFICIENCY AND HVAC BUILDING PERMIT ENHANCED ENFORCEMENT

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    The Contractor’s State Licensing Board (CSLB) is advising licensees that it is accelerating its enforcement plan to ensure that new Title 24 Energy Efficiency enhanced compliance requirements are being met for HVAC systems in Residential and Nonresidential Buildings. These requirements include enhanced duct sealing, proper refrigerant charge, airflow, and fan watt draw.  Building permits are necessary to ensure that HVAC construction is performed according to state and local codes and safety standards.   Click here to read the full CSLB advisory.

    Aug 13

    BUILDING STANDARDS COMMISSION SET FOR HISTORIC VOTE ON PLASTIC PIPE

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    The California Building Standards Commission is set to vote this Monday on an emergency regulatory package that would effectively allow the use of PEX plastic pipe on a statewide basis. What separates this proceeding from all of the others is that all of the interested parties seem to be in agreement with the proposed settlement.  If approved on Monday, this could bring to an end the 28-year legal battle over the use of plastic pipe in California.

    Aug 13

    LIMITED CEQA UPDATE BILL GOES TO GOVERNOR

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    A bill strongly supported by industry, AB 1846 (M. Pérez; D-Coachella),  which amends the California Environmental Quality Act (CEQA) to expand the authorized use of a “focused” environmental impact report (EIR) for installation of mandated pollution control  equipment also to include a project that reduces greenhouse gas (GHG) emissions to comply with the California Global Warming Solutions Act (AB 32).  California is aggressively working to meet its ambitious environmental goals set forth by AB 32.  As regulations are being adopted to reduce California’s greenhouse gas emission levels, companies subject to compliance with these regulations must make significant modifications to existing facilities in order to reduce emissions in compliance with the law, and it makes sense to assure that CEQA is updated in a way to facilitate these efforts.

    Aug 13

    WATER BOND SERENDIPITY

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    The legislature and the governor acted to have the Water Bond vote moved to November 2012. Many questioned the need to do this since the water issue is so vital to California’s economy and the reason was very simple – the current economic situation in California has most of the major supporters who could be relied upon for financial support of a campaign with a shortage of resources to do so and a NO campaign is always cheaper and easier. There was substantial concern that while the polling showed that Californians supported a water bond package it could easily be put at risk.

    It is a shared belief that there will be more financial support available in 2012 to put into the YES campaign and that the attitude of more voters will be supportive of such an investment in the future. Thus recognizing that getting a water bond through the legislature should it fail at the ballot box would be next to impossible, it made total sense to move the election to November 2012.

    Aug 13

    STILL NO BUDGET – 44 DAYS LATE – HO HUM

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    In an interview earlier in the week, the Governor stated that although there was “progress” on the budget a deal was still two or three weeks away.  In Capitol-speak that means they are nowhere near a deal…  In other news, the Governor has tried to reinstate furloughs, but a judge said “uh-uh.” 

    Democrats want $4.5 billion in higher taxes, some on corporations and oil firms.  But a state income tax increase has also been introduced, in a scheme that can only be described as “odd.”  The theory is to have a higher California tax to increase revenues and allow a greater amount deducted from Federal taxes.  This head-scratcher, was rightly deemed as a middle class tax hike by nonpartisan Legislative Analyst’s Office.

    If you want to read a bit more about the “Tastes Great!” / “Less Filling!” argument that’s happening under the Dome, click here.

    Aug 13

    BAY AREA TAX DOLLARS GO TO ELECTRIC-CAR CHARGING STATIONS

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    The Bay Area Air Quality Management District has voted to spend $5 million to subsidize the installation of 3,000 home electric vehicle (EV) charging stations, 2,000 public EV charging stations, and 50 fast-chargers near highways. Click here to read more about your tax dollars at work.