NAIOP San Francisco Bay Area joins other organizations and companies in condemning the recent racial violence and discrimination that this country has witnessed. We are proud that so many Americans have come together to protest this violence and to lay witness to desired change.
Our collective condemnation is the easiest step for us to take; the fact that it feels profound is incredibly sad and telling of how distant we are – individually and as a group – from the reality that our fellow citizens, neighbors, colleagues and friends confront in their lives. We have consistently failed to live up to this country’s stated ideals, and we need to do better.
NAIOP San Francisco Bay Area Chapter is pleased to deliver another outstanding podcast: Inside NAIOP’s YPG and NED Programs. This episode provides the inside scoop on the unique scientific approach behind the chapter’s renowned Young Professionals Group and its innovative new NAIOP Executive Development program.
We are pleased to report that SB 939 (Senator Wiener) did NOT pass the Senate Appropriations Committee today, which means the bill will no longer move forward. NAIOP took a strong and active position in opposition to this bill, which would have been highly detrimental to commercial landlords and set a dangerous precedent for the status of existing lease agreements in the state.
NAIOP SFBA’s hosted an exceptional weekly Zoom-I webinar on May 28th. The program, A View From a Retailer, featured a candid discussion about the massive challenges retail tenants are facing as a result of the COVID-19 crisis and how they are working with landlords to find creative solutions. Laura Sagues Barr, Senior Vice President, CBRE, moderated a panel which consisted of some the best retailer minds in the Bay Area including:
James Nicholas, Co-Founder & Managing Partner, Big Night Restaurant Group
Dana Bloom, CEO, Proper Food
Adam Shane, Chief Development Officer, Barry’s Bootcamp
Listen as NAIOP SFBA President, Dave Karol and NAIOP SV President Dick Scott speak up against SB 939, share how landlords are already working to support their tenants, and call on the legislature to instead pass legislation that balances the needs of both tenants and property owners.
NO ON SB 939 WEBSITE AND DIGITAL AD NOW LIVE – YOU CAN HELP!
The bill that would nullify leases and require you to go without rent for many months, took another step today in the Legislature. We need your help to stop it!
Click here to visit the Stop SB 939 (Wiener) website and learn more.
Please forward this website link to your member companies and/or your employees. Encourage them to:
A large coalition of groups is supporting our industry to stop this measure. Please help by getting information out far and wide.
NAIOP, a premier commercial real estate development and owners association, announced its opposition to California Senate Bill 939. SB 939 is pending before the state legislature and threatens to replace a loss in business revenue problem with a statewide commercial mortgage crisis. If passed, SB 939 would, on a statewide basis, give commercial tenants a unilateral termination right, with no future obligations, including by their third-party guarantors, upending previously reliable contractual obligations. In doing this, it sets a dangerous precedent, undermining the validity of existing, mutually negotiated lease agreements in the state.