Weekly E-updates

Cateogry: Uncategorized

July 17th Weekly Update

Posted: July 20, 2020 | Posted by Crystal Whitfield | No Comments
LEGISLATURE OUT ANOTHER WEEK DUE TO COVID-19  Both Houses of the California State Legislature have delayed the reconvening of session from its short Summer Recess and have announced they will resume activity a week from Monday, on July 27.  That will give the body just five weeks to complete policy and fiscal hearings, and floor sessions for thousands of legislative measures still eligible for votes.  That process normally takes place over a three-month period. Due to the COVID-19 pandemic, the ...

Posted: July 2, 2020 | Posted by Crystal Whitfield | No Comments
PROP. 15 WILL KILL PROP. 13  The proposition numbers for November’s election have been released, and the Split Roll Property Tax Measure pushed onto the ballot by public employee unions and far left activists has been numbered Proposition 15. Proposition 15 is aimed directly at you and your business and during one of the worst health crises ever seen, precipitated one of the worst recessions, this measure would enact an $12.5 Billion PER YEAR tax on commercial property in California. Think about ...

CALIFORNIA GOVERNOR ISSUES STATEWIDE STAY AT HOME ORDER

Posted: March 20, 2020 | Posted by Crystal Whitfield | No Comments
On March 19, 2020, Governor Gavin Newsom issued a stay at home order to protect the health and well-being of all Californians and to establish consistency across the state in order to slow the spread of COVID-19. Click here to see the News Release. Click here to read the Governor’s executive order. Click here to learn more about the order. Click here to see the Governor’s address to Californians this evening.  Read More →

COVID-19 RESOURCES PAGE

Posted: March 20, 2020 | Posted by Crystal Whitfield | No Comments
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 to local and national real estate resource pages.  Click here to view resource page. We hope consolidating this information will help you as you work ...

GOVERNOR EXECUTIVE ORDER – EVICTIONS/MORTGAGES/UTILITY SHUT-OFFS

Posted: March 20, 2020 | Posted by Crystal Whitfield | No Comments
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 emergency the better for all. The Executive Order authorizes local governments to halt evictions, slow foreclosures, and protect against utility shut ...

“ESSENTIAL BUSINESSES/PERSONNEL”

Posted: March 20, 2020 | Posted by Crystal Whitfield | No Comments
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 guidance: – Building management staff – Building security staff/vendors – Building engineering staff/vendors – Building ...

OTHER COMMUNITY-BASED GOVERNMENT OPERATIONS AND ESSENTIAL FUNCTIONS

Posted: March 20, 2020 | Posted by Crystal Whitfield | No Comments
•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:  Read More →

FEDERAL AND STATE TAX DEFERRALS

Posted: March 20, 2020 | Posted by Crystal Whitfield | No Comments
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 on April 15, 2020, until July 15, 2020, without penalties or interest.  The guidance also allows corporate taxpayers a similar deferment of up to $10 ...

CAPITOL/LEGISLATURE SHUTS DOWN

Posted: March 20, 2020 | Posted by Crystal Whitfield | No Comments
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 stay at home orders are lifted.  We continue to analyze legislative bills to prepare for the Session, so please let us know as you hear about bills and ...

SAVE PROP 13!

Posted: February 8, 2020 | Posted by Crystal Whitfield | No Comments
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 Prop 13,” and join the effort. The website is where you will find information about the benefits of Prop. 13 and how removing protections ...
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