In This Issue:

• WELCOME NAIOP SAN DIEGO!

• HAPPY THANKSGIVING

• ARTICLES ON SPLIT ROLL EFFORT

• GREEN DOMINATES CA'S LATEST ROUND OF SIGNED BILLS

• CALIFORNIA IS BROKE (AGAIN)

• INDUSTRY LEADER IS NAMED “MOST EFFECTIVE” BY LEGISLATORS

• ICSC SILICON VALLEY ALLIANCE PROGRAM

• WEEKLY ALERT ON HIATUS UNTIL JAN 8

• CBPA 2010 CALENDAR

WELCOME NAIOP SAN DIEGO!

Welcome to members of NAIOP San Diego who will now receive the CBPA eUpdate directly as another benefit of your NAIOP San Diego membership. This email is meant to provide timely information about issues impacting the world of commercial real estate that are being discussed in Sacramento -- from new energy and greenhouse gas regulations to green building mandates.

CBPA is the designated legislative advocate for the International Council of Shopping Centers (ICSC), the California chapters of the Commercial Real Estate Development Association (NAIOP), the Building Owners and Managers Association of California (BOMA), the Retail Industry Leaders Association (RILA), the Institute of Real Estate Management (IREM), the California Downtown Association (CDA), the Commercial Real Estate Women (CREW), the Association of Commercial Real Estate – Southern California (ACRE) and the Certified Commercial Investment Members Institute (CCIM). CBPA currently represents over 12,000 members, making it the largest consortium of commercial real estate professionals in California.

We hope you find this newsletter useful and/or interesting. To follow is the contents of the last update, November 20, 2009. You will receive new eUpdates each Friday.

HAPPY THANKSGIVING

CBPA would like to wish all of its members a very Happy Thanksgiving. California is a great state, we live in a wonderful country, and we really do have a lot to be thankful for. We hope you get to spend some quality time with loved ones next week. And take the time to reflect upon and appreciate the men and women in uniform who are serving our country at this time.
 

ARTICLES ON SPLIT ROLL EFFORT

As we reported last week, the powerful California Teachers Association has submitted two propositions for title and summary that would undo the protections of Prop. 13 and create a split roll. Here are a few articles on the subject:

Tax Hike Initiatives Afoot

CTA Tax Initiatives Already Drawing Fire

Split Roll Tax Proposal; A Little Sweetener With the Poison

Proponents of the measures have stated they are trying to meet deadlines to make the November 2010 ballot.
 

GREEN DOMINATES CA'S LATEST ROUND OF SIGNED BILLS

The California Real Estate Journal has done a nice roundup of bills signed by the Governor that will impact our industry.  Click here for the more information.

CALIFORNIA IS BROKE (AGAIN)

The non-partisan California Legislative Analyst has released a review of the state’s fiscal situation and the outlook is not good.

“California’s General Fund revenues and expenditures shows that the state must address a General Fund budget problem of $20.7 billion between now and the time the Legislature enacts a 2010‑11 state budget plan. The budget problem consists of a $6.3 billion projected deficit for 2009‑10 and a $14.4 billion gap between projected revenues and spending in 2010‑11. Addressing this large shortfall will require painful choices—on top of the difficult choices the Legislature made earlier this year.”

Click here to read the full report.

 

INDUSTRY LEADER IS NAMED “MOST EFFECTIVE” BY LEGISLATORS

Our very own Rex Hime was recently named as one of the “Most Effective” business lobbyists in Sacramento. Hime, President and CEO of CBPA, represents all the major commercial real estate groups active in California’s Capitol. Hime and CBPA was one of only two associations in the mix with a bunch of private lobbying firms. The survey, distributed to legislators by Capitol Weekly, asked Legislators to name the best lobbyists in a number of areas. Hime was very surprised and honored when he found out he had been chosen for recognition out of the thousands of lobbyists working in Sacramento. Click here to read the full story.

 

ICSC SILICON VALLEY ALLIANCE PROGRAM

Set in the newly renovated Retro Dome, this is an opportunity to listen in and interact with the Honorable Mayors of Cupertino, San Jose, Santa Clara and Sunnyvale as they opine about retail development/redevelopment in their respective cities. Please join us on December 3 as Moderator Solomon Ets-Hokin, Senior Vice President of Retail Services for Colliers International, steers this esteemed panel as they wind-down the path of retail development/redevelopment opportunities, city services, strategic planning, economic impact and stimulus to name a few pertinent issues of the day. The Alliance Program is an ICSC forum for the public and private sectors to network, share ideas and discuss development issues and mutually desired retail projects. Positive relationship building is paramount for successful development. Click here for more information.
 

WEEKLY ALERT ON HIATUS UNTIL JAN 8

Please note, the Weekly Alert will be on hiatus from now until the New Year. But don’t worry, if anything major happens, we’ll be sure to let you know. We will return to our regular schedule on Friday, January 8, to bring you all the news, gossip, and inside information from Sacramento. In the meantime, if you have any questions, comments, or need information, please email Matthew Hargrove.

CBPA 2010 CALENDAR

February 18, 2020
CBPA Board Meeting
Sacramento

June 22-23, 2010
Annual CBPA Board Meeting & CA Commercial Real Estate Summit
Sacramento

October 21, 2010
CBPA Board Meeting & CBPA Industry Awards Dinner
The Fairmont Hotel, Newport Beach