Weekly E-updates

HAPPY THANKSGIVING BOMA CALIFORNIA would like to wish all of you a very Happy Thanksgiving and hope you get some time off. California is a great state, we live in a wonderful country, and we have a lot to be thankful for. We hope you get to spend some quality time with loved ones next week even if its through ZOOM! Please take a moment to reflect and thank the men and women in uniform who are serving our country overseas away from their families at this time and be sure to protect yourself and loved ...

PROP. 15 – CA’S $11B SPLIT ROLL PROPERTY TAX – DEFEATED! WE DID IT!  THANKS TO ALL OF YOU! CBPA is pleased to announce that we called the race for Prop. 15 – Split Roll Property Tax – and it has been DEFEATED! This has been an effort years in the making and it could not have been done without your unwavering support.  We at CBPA have never seen our industry come together like we did to defeat this threat.  You, our members, helped educate peers, tenants, family members; you have helped ...

PROP 15 – CA’S $11B SPLIT ROLL PROPERTY TAX – DEFEATED! Please see the following message from Rex S. Hime: California Commercial Real Estate and Business Leaders, I am pleased to announce that we are finally calling the race for Prop. 15 – Split Roll Property Tax has been defeated! This has been an effort years in the making and it could not have been done without your unwavering support.  I have never seen our industry come together like we did to defeat this threat.  You have helped educate ...

ELECTIONS NOVEMBER 2020! Election Day has come and gone but the votes are still being counted in what has turned out to be one of the wildest elections ever.  Record numbers came out to vote in an election that will see the highest vote total ever for a winning Presidential candidate and a sharply divided electorate with several states still undecided.   PROPOSITION 15 – SPLIT ROLL PROPERTY TAX – UPDATE!? The battle over implementing an $11B split roll property tax that has all but consumed ...

ELECTION DAY IS TUESDAY; VOTE NO ON SPLIT ROLL AND RENT CONTROL There are a lot of propositions on the ballot, but here are the two we care about most: Prop 15 – Split Roll Property Tax – VOTE NO!!! Prop 21 – Statewide Rent Control – VOTE NO! Please help us defeat split roll property tax and statewide rent control by voting NO on these measures. Encourage everyone you know to do the same!      Read More →

PROPOSITIONS IN NOVEMBER There are a lot of propositions on the ballot, but here are the two we care about most: Prop 15 – Split Roll Property Tax – VOTE NO! Prop 21 – Statewide Rent Control – VOTE NO! Please help us defeat split roll property tax and statewide rent control by voting NO on these measures. Encourage everyone you know to do the same!   TENANT AND LANDLORD RESOURCES WEBSITE As part of the ongoing COVID-19 pandemic the State of California has launched a website to assist ...

PROP 15: “NO. 1 TARGET ON THE BALLOT MAY BE A CLOSE CALL” CBPA’s President and CEO – and one of the state’s main Champions fighting against the split roll property tax measure – Rex Hime is quoted extensively in this story by BisNow: “California’s commercial real estate industry is preparing for the home stretch of an election campaign that could have major consequences for the state’s property owners and businesses. “Thus far, it is shaping up to be a close call, at least ...

POLL SHOWS SPLIT ROLL SLIPPING BUT STILL WITH A MAJORITY The latest poll from the Public Policy Institute of California (PPIC) shows Prop 15, the measure to repeal Prop 13 protection from businesses, shows the measure losing support as we near election day, but still clinging on to a slim majority. Rex S. Hime, President and CEO, California Business Properties Association, responded with the following statement: “The PPIC poll shows that our efforts to educate voters about Prop. 15, the largest ...

STATEWIDE AND LOCAL EVICTION MORATORIUM As we have previously reported, the statewide eviction moratorium bill, AB 3088, has been signed into law by Governor Newsom.  The new law pertains to residential actions and does not include commercial. However, while the legislative year is over, and we have managed to prevent Sacramento from passing new laws inhibiting commercial property rights, various local ordinances and limitations are still be in effect and may impact your properties. Please consult ...

GOVERNOR ANNOUNCES NEW REOPENING GUIDELINES California has a new blueprint for reducing COVID-19 in the state with revised criteria for loosening and tightening restrictions on activities. Click here to find out how businesses and activities can open in your county starting this Sunday, August 31st. The new “blueprint for reducing COVID-19 in the state” has revised criteria for loosening and tightening restrictions on activities. However, individual counties can be stricter. The new plan includes ...