Latest News

NAIOP SFBA hosted its Annual Capital Markets Update and Economic Forecast on Monday, November 16th.  The exceptionally informative event featured a key note address and economic forecast by renown economist Christopher Thornburg, PhD, Founder, Beacon Economics. A summary of his key insights and predictions is provided here for MEMBERS ONLY ACCESS (must log-in to view).

• HAPPY THANKSGIVING
• WEEKLY ALERT ON HIATUS
• BILL IDEAS FOR 2021 – “THERE OUTTA BE A LAW!”
• NEW STAY AT HOME ORDER ENACTED IN MOST OF CALIFORNIA
• BERKELEY IGS POLL/DEFEAT OF PROP 15 SHOWS PROP 13 STILL SUPPORTED
• GOVERNOR RELEASES TASK FORCE ON BUSINESS AND JOBS RECOVERY REPORT 
• REMARKABLE! LEGISLATIVE ANALYST PREDICTS $26B STATE BUDGET SURPLUS
• PROP 15/SPLIT ROLL PROPERTY TAX DEFEATED! NOW WHAT?
• WHAT WILL TAX INCREASE ADVOCATES NOW DO?
• CONGRESS AND THE LEGISLATURE
• ALL THE RESULTS
• CBPA 2021 CALENDAR

• ABOUT NO ON PROP 15 - STOP HIGHER PROPERTY TAXES AND SAVE PROP 13
• CONGRESS AND THE LEGISLATURE
• ALL THE RESULTS
• CBPA 2021 CALENDAR

• PROP 15 – CA’S $11B SPLIT ROLL PROPERTY TAX – DEFEATED!

• PROP 15 DEFEATED BY CALIFORNIA VOTERS

• ELECTIONS NOVEMBER 2020!
• PROPOSITION 15 – SPLIT ROLL PROPERTY TAX – UPDATE!
• PROPOSITION 21 – RENT CONTROL – VICTORY!
• CONGRESS AND THE LEGISLATURE
• ALL THE RESULTS
• CBPA 2020/2021 CALENDARS

• 12 DAYS TO GO! TELL FRIENDS TO DEFEAT SPLIT ROLL PROPERTY TAX
• TAKE ACTION TO DEFEAT PROP 15!
• NO ON PROPOSITION 15 VIDEO ADS
• PLEASE CONTRIBUTE TO NO ON PROP 15 NOW!
• EVERYONE PAYS MORE FOR FOOD UNDER PROP. 15
• ABOUT NO ON PROP 15 - STOP HIGHER PROPERTY TAXES AND SAVE PROP 13
• PROPOSITIONS IN NOVEMBER
• CBPA 2020/2021 CALENDARS

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.

• 19 DAYS TO GO! DONATE TO DEFEAT SPLIT ROLL PROPERTY TAX
• LATEST NO ON PROPOSITION 15 AD
• TOM STEYER JOINS FACEBOOK TO PUSH PROP 15
• LA TIMES SHREDS PROP 15
• WSJ: A BALLOT MEASURE WOULD REPEAL THE BUSINESS HALF OF LEGENDARY PROP. 13
• REX HIME: FUTURE IS BRIGHTER WITHOUT PROP 15
• PROPOSITIONS IN NOVEMBER
• CBPA 2020/2021 CALENDARS

• PROPOSITIONS IN NOVEMBER
• TENANT AND LANDLORD RESOURCES WEBSITE
• SBA PROPOSES SMALL BUSINESS SIZE STANDARD REVISIONS
• PRIORITY BILLS SIGNED BY THE GOVERNOR
• PRIORITY BILLS VETOED BY THE GOVERNOR
• AGENCIES CONSIDERING UPDATE TO EV CHARGING REGULATIONS
• CBPA 2020 CALENDAR

• PROP 15: “NO. 1 TARGET ON THE BALLOT MAY BE A CLOSE CALL”
• ENERGY EFFICIENCY BILL INTRODUCED IN CONGRESS
• PRIORITY BILLS SIGNED BY THE GOVERNOR
• PRIORITY BILLS VETOED BY THE GOVERNOR
• AGENCIES CONSIDERING UPDATE TO EV CHARGING REGULATIONS
• ENERGY COMMISSION WORKSHOP ON PROPOSED COMMERCIAL SOLAR MANDATE
• CBPA 2020 CALENDAR

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