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

eWeekly Alert & News

MORE FALLOUT FOR PACE PROGRAMS

July 30, 2010

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 »

STILL NO BUDGET – 30 DAYS LATE

Over the Legislative Summer Recess, that technically was deemed not a recess by legislative leaders, things were quiet in Sacramento and not much activity on the budget seemed to be happening. Apparently that was absolutely the case. But as time drags on and the state is nearing the point at which it runs out of cash, the rhetoric is heating up. Click More »

Ab 2492 Legislative Vehicle For Split Roll?

May 6, 2010

Here is a press release from Assemblymember Tom Ammiano (D-San Francisco) touting his desire to change Proposition 13 and create a split roll.  More »

Court Upholds Charging Fees To Project Opponents

Our friends at CBIA bring us the following legal update: The Second District Court of Appeal has approved a city’s right to charge a fee to a project opponent who appeals its CEQA decision from a planning commission to a city council. In Friends of Glendora v. City of Glendora, the City’s approval of a negative declaration (ND) pursuant to the California More »

AB 2640 Proposes Repeal Of Like Kind Exchanges

May 5, 2010

It is estimated that AB 2640 is at least a $350 million tax increase on our industry. A recently introduced piece of legislation in California is causing much consternation in the real estate industry. If enacted, AB 2640 (Arrambula; D – Fresno) would repeal Internal Revenue Code Section 1031, for California income tax purposes. The repeal would More »

Green California Summit and Exposition Free Pass

CBPA is a proud sponsor of the 2010 Green California Summit & Expo taking place at the Sacramento Convention Center March 15-17. The event is shaping up to be the biggest green government conference ever. Over 200 suppliers of green products and services and upwards of 6,000 attendees are expected. The Summit will feature keynote speakers, an educational More »

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