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1972 – Over 45 years of service to the commercial industrial retail real estate industry – 2018.

eWeekly Alert & News

BORDER-ADJUSTMENT TAX OPPOSED BY INDUSTRY

July 14, 2017

David Bahr, Communications Manager for R-Street has penned an op/ed explaining how the Border-Adjustment Tax would add nearly $2B to the cost of property insurance in California: “As the nation’s most populous state, among the wealthiest states and a state that is vulnerable to the catastrophic effect of earthquakes, floods, wildfires and other More »

****ALERT*** SENATE ABRUPTLY PASSES REAL ESTATE DOCUMENT TAX

July 7, 2017

After stalling a few weeks ago for lack of the needed two-thirds vote majority, a bill that will authorize a tax on almost every recorded real estate document, was brought up with no notice and passed with all Democrat Senators voting for the new tax. SB 2 (Atkins; D-San Diego) authorizes a county to adopt an ordinance authorizing a fee for recording More »

MAJOR LEGISLATIVE DEADLINE APPROACHES

Our friends at CapitolTrack remind us that the next legislative deadline falls on July 14th and it requires all policy committees to pass fiscal bills on to their Appropriations Committees. With the Budget already enacted, the legislature is on schedule to adjourn for summer recess on July 21st. The next two weeks are going to be intense as many big More »

WATER BILL SAVINGS ACT

Our industry supports SB 564 (D-Healdsberg) a bill that allows local agencies to issue bonds to fund the purchase and distribution of drought tolerant landscapes, upgrades to hot water systems, gray water systems, high efficiency toilets, and high efficiency showerheads at private property within their jurisdictions. SB 564 authorizes property owners More »

ADA BILL HEADS TO GOVERNOR

A bill our industry is strongly supporting that would continue the State’s reform of ADA laws in an effort to increase accessibility while decreasing frivolous lawsuits passed the Legislature on a bipartisan vote and is headed to the Governor’s Desk. AB 1148 (Steinorth; R-Rancho Cucamonga) passed its final vote in the Assembly 62-0. AB 1148 would More »

CA SUPREME COURT UPHOLDS DOCUMENTARY TRANSFER TAX

The California Supreme Court, in a 6-1 decision, has held that a city or county may impose documentary transfer tax on the transfer of the ownership interests in a legal entity that owns real property located in the locality. In 926 North Ardmore Avenue, LLC v. County of Los Angeles, the court held that the documentary transfer tax applies to a written More »

SB 700 ENERGY STORAGE INITIATIVE

We are in support of SB 700 (Wiener; D-San Francisco) a bill that will establish a statewide system of rebate programs to subsidize the cost of installation of customer-sited energy storage. SB 700 would authorize the Investor Owned Utilities to collect revenue for the Self-Generation Incentive Program (SGIP) for the ten-year period (2018-2027) to More »

GOVERNOR BROWN ANNOUNCES GLOBAL CLIMATE ACTION SUMMIT

California Governor Edmund G. Brown Jr. announced via video message at the Global Citizen Festival in Hamburg, Germany that the State of California will convene the world’s climate leaders in San Francisco, California in September 2018 for the Global Climate Action Summit. According to a press release from the Governor he stated, “It’s up to you More »

HAPPY FOURTH OF JULY

June 30, 2017

“Freedom is never more than one generation away from extinction. We didn’t pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same.” — President Ronald Reagan What started out as a celebration to mark our young nation’s independence from England more than 200 years ago, has More »

ASSEMBLYMEMBER COOPER STATEMENT ON SINGLE PAYER THREATS

The following is a press release by Assemblymember Jim Cooper (D-Elk Grove) on recent threats of violence aimed at legislators. The irony of the Reagan quote above and the fact that our politics has taken such a violent turn recently is not lost on us. We are running the statement in full as we believe its importance cannot be understated: Assemblymember More »

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