• Established in 1972 · CBPA has over four decades of service to the commercial industrial retail real estate industry
  • Archive for November 7th, 2014

    Nov 7

    COMMERCIAL REAL ESTATE INDUSTRY AWARDS

    Posted by Crystal Whitfield | No Comments

    The California Business Properties Association Industry Awards Dinner is next week in Newport Beach.

    This year we will be awarding our Champion of the Industry Awards 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.

    In addition to the Champions of the Industry award recipients, CBPA is also recognizing two companies 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., will be accepting the John Caldecott Memorial Award on behalf of Safeway for their community charitable actions.  Tejon Ranch is being awarded the Ernest W. Hahn Memorial Award for Legislative Affairs for their service to the commercial real estate industry.

    The bi-annual Industry Awards Dinner is a chance to recognize the unwavering leadership of individuals and companies dedicated to the commercial industrial retail real estate industry.

    Nov 7

    ELECTIONS GOOD FOR PRO-JOBS CANDIDATES

    Posted by Crystal Whitfield | No Comments

    We are a proud member of JobsPAC, which meets during the election year to interview candidates and review the progress of their campaigns. JobsPAC has won bipartisan approval for its efforts to support pro-business candidates running in open legislative seats.  Here our summary of Tuesday’s Election:

    Business groups scored significant wins Tuesday night in a number of hotly contested and very competitive legislative races from around the state. Candidates from both parties who support job creation through private sector economic growth were generally elected by solid margins.

    A net gain of three seats in the Assembly and one in the Senate allowed California Republicans to climb out of the super minority hole they found themselves in after the 2012 election, giving momentum to efforts to craft bipartisan solutions on major issues.

    Voters in the 16th Assembly District in the East Bay selected Republican attorney Catharine Baker to fill the open seat of termed-out Assemblymember Joan Buchanan (D-Alamo). Baker’s election was a top priority for JobsPAC.

    The Antelope Valley-based 36th Assembly District saw Republican Tom Lackey win a decisive victory over one-term Assemblymember Steve Fox (D-Palmdale), returning this seat into GOP hands.

    Similarly, voters in north Orange County’s 65th Assembly District voted to send Republican Young Kim to Sacramento over one-term incumbent Sharon Quirk-Silva (D-Fullerton).

    In another upset in South Bay Los Angeles, Republican challenger David Hadley defeated another one-term incumbent, Al Muratsuchi (D-Torrance).

    The majority Assembly Democrats captured the Ventura County seat of Jeff Gorell, who ran for Congress, by electing Thousand Oaks City Councilwoman Jacqui Irwin. Irwin had bipartisan appeal to voters in this swing district and was supported by a broad cross section of business interests.

    The State Senate saw Republicans replace the termed-out Lou Correa (D-Santa Ana) with Orange County Supervisor and small businesswoman Janet Nguyen in the 34th Senate District. She defeated her Democratic opponent by a 20-point margin.

    The top priority for the majority Democrats was to defeat Republican Andy Vidak in the 14th Senate District. Vidak’s re-election was another major priority for JobsPAC. Vidak turned back his challenger by 10 points in a district that favors the Democrats by a 20% voter registration margin.

    Nov 7

    PRO-BUSINESS MODERATES ELECTED

    Posted by Crystal Whitfield | No Comments

    But to be successful in deep blue California, the business community must do more than elect Republicans to the Legislature, so much effort remains focused on electing moderate pro-business Democrats when the opportunity arises.

    Races that featured two Democrats competing for open Assembly seats because of the state’s top-two primary system also turned out well for the business community.

    •  Elk Grove City Councilman Jim Cooper won in the Sacramento-based 9th Assembly District;
    • Richmond City Councilman Tony Thurmond won in the 15th Assembly District; and
    • San Francisco County Supervisor David Chu won in the 17th Assembly District.

    Democrats Bill Dodd in the 4th Assembly District and Autumn Burke in the 62nd Assembly District, both priorities for the business community in June, finished the campaign with large victories over their Republican opponents.

    Democratic runoffs in Senate districts produced two new business-backed freshmen: Assemblymember Richard Pan in the Sacramento-based 6th Senate District, and Santa Monica School Board member Ben Allen in the West Los Angeles 26th Senate District.

    Nov 7

    TERM LIMIT CHANGE MEANS STABILITY

    Posted by Crystal Whitfield | No Comments

    The 2014 legislative elections were important to the business community because of the change to the state’s term limit law, which now allows a member to serve 12 years in one house.

    To that end, 75% of the California Assembly seats are now occupied by either freshman or sophomore members who are eligible to serve until the middle part of the next decade. There are now six members—four Democrats and two Republicans— eligible to serve all 12 years in the Senate.

     

    Nov 7

    YES VIRGINIA, THERE ARE SWING DISTRICTS

    Posted by Crystal Whitfield | No Comments

    With this November election, an almost-forgotten concept was reintroduced to the California electorate: the notion that there are now swing legislative districts in the state. For the first time in decades, four Assembly seats and one Senate seat have changed hands from one cycle to the next, creating a competitive environment that serves to keep incumbents close to their districts. Competition always benefits both consumers and constituents with better products, service and policy.

    Nov 7

    THANK YOU FOR BEING INVOLVED

    Posted by Crystal Whitfield | No Comments

    We want to thank the JobsPAC, the CalChamber, and all our fellow members, for providing strategic support, focus, and a roundtable to coordinate, electing pro-business candidates.  Additionally, many people and companies in the commercial real estate industry stepped up and provided PAC funding and individual contributions to races where we could make a difference.  Coordination between our local members and the statewide strategy is extremely important in assuring that our contributions make a difference.  We know that to be the case in races such as the huge Nguyen and Kim wins in Orange County.  Huzzah and congratulations!

    Nov 7

    WATER BOND AND RAINY DAY FUND PASS

    Posted by Crystal Whitfield | No Comments

    The business community also chalked-up two huge victories working with the Governor passing Proposition 1 (Water Bond) and Proposition 2 (State Budget “Rainy Day” Fund).

    Nov 7

    ASSEMBLY LEADERSHIP VOTES

    Posted by Crystal Whitfield | No Comments

    Two days after the election, legislators from both parties in the Assembly gathered in Sacramento for “Caucus Organizational” meetings.  Assembly Democrats unanimously re-affirmed Assemblymember Toni Atkins (D-San Diego) as their leader.  Once the Assembly convenes in December, Atkins is expected to be officially chosen as Speaker.

    On the Assembly Republican side, Assemblymember Kristin Olsen (R-Modesto) was reaffirmed as the Republican Caucus leader.  The Assembly Republican Caucus also released a video outlining its priorities for the upcoming year.

    Click here to watch.