NAIOP San Francisco Bay Area Chapter is the proud recipient of NAIOP's National Capitol Dome Award for 2020, along with our 5 fellow California Chapters: SoCal, Silicon Valley, San Diego, Sacramento Valley, and Inland Empire.
The NAIOP Capitol Dome Award recognizes overall excellence in legislative efforts by a Chapter. Even before the pandemic, we expected challenges in California during this legislative cycle. Chapters in our state came together and spoke with one voice in defeating legislation that would have allowed commercial tenants to forgo rent payments for an indeterminate period of time. The legislation would also have allowed some tenants to renegotiate existing leases or ultimately terminate the lease if they found the terms unacceptable. The defeat of SB 939 was a collective effort that continued through the election as voters rejected the $11.5B Split Roll Tax - Prop 15.
Thank you to our Government Affairs Committee, led by Tess Brandwein and Justin Shapiro, and to our 2020 President David Karol for their hard work and dedication that contributed to this major achievement! We also extend our congratulations and gratitude to our fellow NAIOP of California Chapters and our lobbyists at CBPA for this collective victory.