Legislative News

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NAIOP San Francisco Opposes Prop i in San Francisco


Filed under: Legislative News: San Francisco Bay Area

Join NAIOP SFBA in taking action and oppose Prop I, the proposed increase to the San Francisco City real estate transfer tax on the November 2020 ballot.

  • Increases transfer tax from 2.75% to 5.5% on property valued at $10 - $25M
  • Increases tax rate from 3% to 6% on property valued at >$25M
  • Directs tax revenue toward a general fund held by the City

Example of potential impact on San Francisco office building valued > $25M:

  • Average office building price per square foot is approx. $800-$1,000/SF
  • New additional transfer tax levy would be approx. $24-$30/SF
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CBPA's California Legislative Update Special - Heat Wave


Filed under: Legislative News: San Francisco Bay Area

  • COMMERCIAL REAL ESTATE CALL TO ACTION – HELP MITIGATE HEAT WAVE
  • REALTIME ENERGY INFORMATION 
  • CA GOVERNOR NEWSOM INFORMATION AND RESOURCES
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Legislative Highlights for CA and SF - July 2020


Filed under: Legislative News: San Francisco Bay Area

The NAIOP SFBA Government Affairs Committee (GAC) has put together the following update for our members to stay informed about California State and San Francisco Bay Area local legislation. In addition to our Chapter's ongoing relationship with CBPA, which tracks legislation at the State level, New Deal Advisers teams with us to monitor and report on local Bay Area policies that affect commercial real estate

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SB 939 is Moving Forward - Take Action Now!


Filed under: Legislative News: San Francisco Bay Area,Legislative News: California

Just a few days ago, SB 939 passed the Senate Judiciary Committee on a minimum number of votes.
We remain opposed to the bill as the amendments taken so far do not sufficiently address our concerns. We anticipate a battle once the Legislature continues its discussions and ultimately moves toward a vote before June 26th.

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Local Legislative Updates Related to COVID-19


Filed under: Legislative News: United States,Legislative News: San Francisco Bay Area

Provided by NAIOP SFBA Local Lobbyist: New Deal Advisers

There are a few current relief measures for both property owners and renters in the Bay Area. These pair with state and federal measures to reduce evictions and foreclosures on residential and commercial property. Here below is a current list of initiatives at the local, state and federal levels to alleviate economic strain for property owners and renters.

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Bay Area to allow construction under new shelter in place order


Filed under: Legislative News: San Francisco Bay Area

"Under the extended Stay Home Order, all construction will be allowed to resume as long as specific safety measures are in place. Certain businesses that operate primarily outdoors, such as plant nurseries, car washes, and flea markets, may reopen under San Francisco’s Order. Any employee of a business allowed to operate under the order can also access childcare programs that are allowed to operate. Some outdoor recreational facilities, like skate parks and golf courses, may reopen. The full text of the new order and answers to frequently asked questions is posted at SF.gov."

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Legislative Highlights for CA and SF - March 2020


Filed under: Legislative News: San Francisco Bay Area

The NAIOP SFBA Government Affairs Committee (GAC) has put together the following update for our members to stay informed about California state and San Francisco Bay Area local legislation which may impact the commercial real estate community.

  • CA Prop 13 - Split Roll Tax
  • SF Proposition D - Vacancy Tax on Vacant Retail
  • SF Proposition E - Limits on Office Development
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Legislative Update - Community Opportunity to Purchase Act


Filed under: Legislative News: San Francisco Bay Area

The Community Opportunity to Purchase Act (“COPA”), introduced by San Francisco Supervisor Sandra Lee Fewer, was unanimously co-sponsored and approved during an April meeting of the Board of Supervisors.  The the act will amend the San Francisco Administrative Code to give certain qualified non-profit organizations both a right of first offer and a separate right of first refusal to purchase either multi-family rental properties (three units or more), or vacant lots zoned for three units or more. 

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