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

eWeekly Alert & News

LIMITED CEQA UPDATE BILL GOES TO GOVERNOR

August 13, 2010

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 More »

WATER BOND SERENDIPITY

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 More »

STILL NO BUDGET – 44 DAYS LATE – HO HUM

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, More »

BAY AREA TAX DOLLARS GO TO ELECTRIC-CAR CHARGING STATIONS

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.  More »

HEALTH CARE TAX ON REAL ESTATE

July 30, 2010

The rumor you have heard that the new federal healthcare law imposes a tax on real estate transactions is true. However it might not be as bad as first reported. Our friends at Marcus & Millichap looked into the issue and report that the bill does NOT call for tax on all real estate transactions as many had feared. Instead, the bill imposes a More »

MORE FALLOUT FOR PACE PROGRAMS

The California Energy Commission canceled a $30 million solicitation that would have supported PACE programs in 23 counties and 184 cities. The Commission action, which responded to roadblocks created by recent actions of the Federal Housing Financing Authority (FHFA), ended awards to five local governments and jurisdictions that were using Property-Assessed More »

HIGH PROPERTY TAXES WASTED

In a sad anecdote that bolsters the worry that increased revenue to government from increased property taxes from schemes like split roll will not be spent wisely, AP reports that the City of Bell, where excessive salaries for city employees has become scandalous, has the second-highest property tax rate in L.A. County. Residents and businesses in More »

ENHANCED DEPRECIATION PROPOSAL

Our friends at ICSC report that Congresswoman Shelley Berkley (D-NV) introduced H.R. 5943, the Community Renewal and Enhancement (CRE) Act, legislation to allow a fifty percent (50%) depreciation for the portion of any equity investment used to buy down debt on commercial real property. This is something that is highly supported by our industry and More »

LONGTIME CBIA LEADER BOB RIVINIUS RETIRES

Today ends an era at the California Building Industry Association. Bob Rivinius brings his storied 33 year career representing homebuilders to a close. CBPA President and CEO Rex Hime states, “CBIA has been one of CBPA’s staunchest allies in Sacramento and Bob has always been there when needed. He is a good friend to me and is one of the most More »

UNCOLLECTED SALES TAX HURTS RETAIL REAL ESTATE INDUSTRY

An op/ed penned by our very own Rex Hime, explains how what was once a useful and needed policy has become an anachronism that is hurting sales tax revenues in California. Thanks to a U.S. Supreme Court ruling issued years before Internet commerce was prevalent, online retailers do not collect state sales taxes, but instead place the burden of reporting More »

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