March 20, 2020
The reaction to COVID-19 is fluid and fast. There are many sources of information out there and until things start to settle down will only send essential updates that impact our industry. To that end, we have created a “COVID-19 Resources” page where we will collect and post information specific to commercial real estate. We will also link … More »
Earlier this week, Governor Newsom issued an executive order to protect residential and commercial lessors, and homeowners from evictions due to the COVID-19 Pandemic. We have supported the Governor’s actions as during this time of emergency and stay-at-home orders public safety is the first and foremost concern. The quicker we get through this … More »
Buildings can be complicated mechanically, need security, and/or have tenants in them that are deemed essential businesses. We can’t just abandon our buildings, especially when tenants remain. Therefore, our recommendation to local/state/federal policymakers is that the following building personnel are essential in any written orders and or enforcement … More »
•Workers to ensure continuity of building functions •Security staff to maintain building access control and physical security measures This guidance is also on their website, under “Other Community based…” Click here to view. And here is the COVID-19 Specific Page: … More »
FEDERAL INCOME TAX DEFERRAL: Following President Trump’s emergency declaration pursuant to the Stafford Act, the U.S. Treasury Department and Internal Revenue Service (IRS) today issued guidance allowing all individual and other non-corporate tax filers to defer up to $1 million of federal income tax (including self-employment tax) payments due … More »
Legislative activity has come to a halt as the Capitol Building is shut down and most regulatory agencies are focused on the COVID-19 Pandemic. The Legislature has taken at least a 3-week break in activity and members have gone home to their districts. However, these processes will start to back up at some point electronically or in person when the … More »
February 8, 2020
The campaign to save Proposition 13 against being dismantled by the split roll property tax measure on the November 2020 ballot is gaining momentum and is signing-up more people and companies every day! Are you doing what you can to protect yourself from an $11 BILLION yearly tax increase? Click here to check out the new website, now known as “Save … More »
In his budget proposal for the 2020-21 fiscal year, Governor Gavin Newsom proposes record-high spending of $77.1 billion on K-12 schools and higher education, a 75 percent increase from the $43.9 billion spent in 2011-12. The Governor noted that per-pupil spending has increased more than $7,200 since 2011-12, with the state planning to spend $17,964 … More »
As proud members of the California Chamber of Commerce, we work closely with the organization on bills that impact our members. Each year we provide input on both the Job Killer and Job Creator lists. Job Killers represent the worst-of-the-worse ideas that will harm the state’s economy and shrink employment. Already in 2020 two bills have been … More »
On a bipartisan 56-0 vote, AB 687 (Daly; D-Anaheim) passed the California State Assembly. This bill will allow real estate brokers to incorporate as a limited liability company (LLC), in addition to a C or S corporation. This is a measure that our industry has been pursuing for years, and the Department of Real Estate notes there is pent-up demand … More »