CALIFORNIA COMMERCIAL REAL ESTATE SUMMIT

Next week, scores of high level professionals from our industry will descend upon the Capitol as part of the 2009 California Commercial Real Estate Summit (CCRES). This event is the one time of year that industry leaders from all sectors of the commercial, industrial, and retail real estate industry converge on Sacramento to meet with policymakers and network with colleagues from around the state. CCRES Delegates will meet with high-level staff from Governor Schwarzenegger's Administration and California State Legislators. Click here for more information.

Industry groups participating in the 2009 California Commercial Real Estate Summit include International Council of Shopping Centers (ICSC), the California Chapters of the Commercial Real Estate Developers Association (NAIOP), Building Owners and Managers Association of California (BOMA Cal), Retail Industry Leaders Association (RILA), Institute of Real Estate Management (IREM), California Downtown Association (CDA), Commercial Real Estate Women (CREW), the Association of Commercial Real Estate – Southern California (ACRE) and the Certified Commercial Investment Members Institute (CCIM), as well as representatives from scores of individual companies.

GREEN BUILDING STANDARDS 2009 – FEEDBACK NEEDED

In an effort to promote sustainable buildings, California last year became the first state in the nation to adopt a statewide Green Building Code. Known as CalGreen, it is already being updated. Your input is critical.

Your analysis and feedback is needed on the proposed changes for non-residential properties. To read the proposed changes for California Green Building Standards Code, Part 11, Title 24 -- Commercial, Industrial, and Retail Real Estate, click here.

It is very important that members of our industry read these regulations and identify issues that members of the Building Standards Commission should consider. We will compile industry comments and provide written and verbal testimony. Please send any and all comments by replying to this email or sending directly to Matthew Hargrove. Comments are due to CBPA by no later than Wednesday, July 1.

FIRST HOUSE DEADLINE

Today marks the First House Policy Committee Deadline in the California State Legislature. Any bill that has not made it all the way through the process in the House it was introduced in, is dead for the year. In other words, all Assembly Bills need to be in the Senate, and vice-versa.

Throughout this year, we have identified and worked on 555 legislative measures that impact the commercial, industrial, and retail real estate sector. At this halfway point, 279 of those measures are now dead. That’s the good news. But it also means we still have 276 bills to work on from now until the Legislative Session ends in September.
 

A FEW BILLS OF SUPPORT

Delegates that will be in town for the CCRES next week will visit legislative offices and discuss a few pieces of legislation impacting our industry. Here are a few bills we support:

AB 300 (Caballero - Salinas) Promotes greater use of voluntary water conservation measures in new homes and buildings by ensuring that a project’s water demand is adjusted to reflect achieved water savings. Status: In Senate, pending Committee Assignment

AB 531 (Saldana; D - San Diego) Facilitate implementation of California’s historic energy benchmarking law, which will help our state continue to lead the nation in building energy efficiency by directing the CA Energy Commission to open a regulatory proceeding to implement the measure. Status: In Senate, pending Committee Assignment

AB 828 (Lieu; D - Torrance) Strengthens the California State Green Building code by establishing a robust standards development process for green building standards which incorporate best practices and technical expertise from various state agencies, while assuring technological feasibility and cost effectiveness. Status: In Senate, pending Committee Assignment

SB 476 (Correa; D – Santa Ana) Measure will help move forward construction and redevelopment projects by updating and clarifying notification procedures in the environmental permit process. Purpose of the measure is to help prevent last minute “data dumps” that are used in the process to stall a project. Status: In Senate, pending Committee Assignment

A FEW BILLS OF OPPOSITION

Delegates that will be in town for the CCRES next week will visit legislative offices and discuss a few pieces of legislation impacting our industry. Here are a few bills we oppose:

AB 479 (Chesbro; D - Eureka) Increases the solid waste diversion requirement for local jurisdictions to 60%, imposes commercial recycling requirements on California’s businesses, and gives the California Integrated Waste Management Board (CIWMB) broad authority to impose programs to achieve a statewide solid waste diversion rate of 75% by 2020. Status: In Senate, pending Committee Assignment

AB 1404 (De Leon; D – Los Angeles) Discourages emission reductions, significantly increase costs to the employer community, and threatens jobs by severely limiting the amount of offsets California industries can use to meet their greenhouse gas emission goals. Status: In Senate, pending Committee Assignment

UCLA ANDERSON FORECAST FOR THE NATION AND STATE

BOMA California Members are invited to join the UCLA Anderson Forecast at a highly discounted rate, as they update our economic forecast for the second half of 2009-10 The special topic will focus on the next big banking challenge - the fallout from commercial real estate.

Commercial real estate has been hit by both demand and supply shocks. As the economic climate deteriorates, demand has caused projects to be delayed or cancelled.

Those on the supply side still interested in development have been plagued by thinning finance opportunities. At the same time, Commercial real estate prices have declined by about 30% since the mid-2007 peak and the Commercial mortgage Backed Securities (CMBS) market has all but disappeared with new issuance dropping from $250 billion to zero.

To get the special rate you must register before June 12 by clicking here and using Registration Code: CBPA0609.

BOMA CALIFORNIA 2009 CALENDAR

JUNE 2009

June 9-10—
CALIFORNIA COMMERCIAL REAL ESTATE SUMMIT (CCRES)
Sacramento

NOTE: The CCRES is also known as "BOMA California Legislative Day." Members are encouraged to participate in this two day event by clicking the link above to register. CBPA events are industrywide events open to all members.

 June 10—
BOMA CALIFORNIA BOARD MEETING
Following the California Commercial Real Estate Summit (CCRES) Events
Hyatt Regency, Sacramento
1:30 p.m. - 4:00 p.m. ***NOTE TIME CHANGE***

 June 28-30—
BOMA INTERNATIONAL ANNUAL CONFERENCE
Philadelphia, PA

 NOVEMBER 2009

November 5—
BOMA CA BOARD MEETING & ELECTION OF 2010 OFFICERS
Meritage Hotel, Napa, CA
11:00 a.m. - 3:00 p.m.

 November 5-6—
COMMERCIAL REAL ESTATE STRATEGIC ISSUES CONFERENCE
Meritage Hotel, Napa, CA