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  • Archive for March 11th, 2016

    Mar 11


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    Legislators have introduced over 2,400 bills, many of which could have a major impact on the commercial real estate industry. Commercial real estate experts will gather next week in Orange County to share analyses and set final positions for your Sacramento representatives.

    Measures on property taxes, energy efficiency of new and existing buildings, seismic retrofits, electric vehicle charging stations, solar and photovoltaic policy, outdoor landscaping, water conservations, and single use restrooms, CEQA, collective bargaining, are all on the list.

    The meeting is now full for in person representation, but we still would like your input.  If you want to review the full list and provide analysis and recommendations, simply reply to this email and we will get you the packet.

    Please help us thank everyone that is giving up their St. Patrick’s Day to give back to the industry by providing analysis and discussion on bills that have the potential to impact our bottom line.

    Mar 11


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    Changes have been made through the political process that have brought changes to the South Coast Air Quality Management District.  Many people hail the changes as a positive development, helping to bring some business sense to the board.  Others are freaking out believing that the changes are going to roll back the environmental activism of the governing body.

    Earlier this week State Senate President pro Tem Kevin de Leon said he would introduce

    Legislation designed to nullify the recent political shift.

    The L.A. Times weighs in on this controversy and advocates taking a deep breath and not act in haste, stating “Before De León and other lawmakers start rewriting the law to readjust the balance of power on the board, they ought to make sure that today’s solution doesn’t become tomorrow’s problem.”

    This is a fascinating political battle that has very “real world” implication for your business.  Click here to read the full op/ed.

    Mar 11


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    Newly-minted Assembly Speaker Anthony Rendon (D-Paramount) announced his new leadership team this week. The following changes are effective immediately.

    Speaker pro Tempore – Assemblymember Kevin Mullin (D-South San Francisco)

    Assistant Speaker pro Tempore – Assemblymember Autumn R. Burke (D-Inglewood)

    Majority Floor Leader – Assemblymember Ian C. Calderon (D-Whittier)

    Assistant Majority Floor Leader – Assemblymember Jim Cooper (D-Elk Grove)

    Majority Whip – Assemblymember Miguel Santiago (D-Los Angeles)

    Democratic Whip – Assemblymember Nora Campos (D-San Jose)

    Assistant Majority Whip – Assemblymember Evan Low (D-Silicon Valley)

    Democratic Caucus Chair – Assemblymember Mike A. Gipson (D-Carson)

    If you have a personal relationship with any of these members, please drop them a note of “congratulations,” and let us know who you know.

    Mar 11


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    Furthermore, new committee chairmanships were handed out this week.  Here are some of the committees that directly impact the commercial real estate industry:

    Appropriations — Assemblymember Lorena Gonzalez (D-San Diego)

    Budget — Assemblymember Phil Y. Ting (D-San Francisco)

    Business and Professions — Assemblymember Rudy Salas, Jr. (D-Bakersfield)

    Local Government — Assemblymember Susan Eggman (D-Stockton)

    Revenue and Taxation — Assemblymember Sebastian Ridley-Thomas (D-Culver City)

    Again, feel free to drop a note of congratulations to members with whom you know.  Click here to read the full list of committee chairs.

    Mar 11


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    The L.A. Business Journal wants to help make sure you are taking advantage of all the business tax credits you are eligible for:

    “The list of federal tax credits available to business owners can be a bit overwhelming. So can the guidelines for claiming them. But for those willing to slog through the complexities, the financial benefits can be substantial.

    “Look at it this way: A credit offsets your tax bill dollar-for-dollar. So if you owe the government $10,000 in taxes but you receive $9,000 in tax credits, your net tax bill is only $1,000.”

    “Lots of tax credits are out there. Business owners and their accountants should make every

    effort to find out which ones to pursue.”

    Don’t leave money on the table!  Click here to read the full story.

    Mar 11


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    Our friends over at the California Restaurant Association have penned an update on what is going on with the minimum wage debate being pushed by several unions.  Our industry is aligned with the CRA and have been working with them to explain why such and increase would mean less jobs, higher rents, and hurt the very people the policy purports to help.

    “California’s minimum wage debate is heating up. SEIU, International and SEIU-UHW (United Healthcare Workers) have filed competing minimum wage increase initiatives as part of this broad push to raise the minimum wage to $15 per hour. Both initiatives tie future increases to CPI, and SEIU’s measure mandates six paid sick days per year – a clear indication that this movement is about more than just securing a $15 minimum wage, it’s about a continued push for more in the form of predictive scheduling, paid leave and healthcare.”

    Click here to read the full story and please support our efforts to lobby for a reasonable minimum wage in California.

    Mar 11


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    As a regular reader of this newsletter you, no doubt, know that two measures to try to gut Proposition 13 have been stopped in the last four months.  That means that we won’t have an expensive proposition to battle this year; but in the big picture it also speaks to the strength and popularity that Prop 13 still enjoys – even its protections on commercial real estate.

    One reason this is the case is the fact that our allies at the Howard Jarvis Taxpayers Association (HJTA) are rock solid in their belief that Prop 13 only works when it is protecting ALL property owners, young, old renter, owner, residential, and commercial.

    HJTA has just released another in a series of videos meant to educate Californians about the benefits of the law.

    “The more the public knows about Proposition 13, the stronger is the support for this tax limiting measure and the harder it becomes for special interests to take away our Proposition 13 protections,” states Jon Coupal, the President of HJTA.  We agree.

    Click here to watch this informative video on Prop. 13 and share it with your friends, family, and tenants!

    Mar 11


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    California’s building efficiency standards have been updated, with changes that will become mandatory in January 2017. This seminar will cover what’s new in Title 24 for both residential and non-residential buildings, from high performance walls and attics to lighting and lighting controls.

    The session will also review challenges that have resulted in implementing the 2103 standards, strategies for addressing them, and solutions to these challenges that may be included in the recent revisions.

    With each cycle, California’s Energy Code is moving closer toward the goal of ZNE for all new construction. It’s vital for you to stay up to date with its evolution.

    Click here for more information and to register.