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Proposed legislation negates all current commercial leases to the benefit of one business over another.

SB 939 (Wiener) – Would Have A Significant Impact on Commercial Leases – Set terrible precedent!

* LEGISLATION WOULD USE CURRENT COVID-19 EMERGENCY TO UPEND ALL YOUR LEASES

* REQUIRES ALL LESSORS IN CALIFORNIA TO DEFER LESSEE RENT OBLIGATIONS FOR MORE THAN A YEAR

* ALLOWS A CERTAIN BUSINESS TYPE TO NEGATE LEASE AND WALK WITH NO RESPONSIBILITY FOR TENANT IMPROVEMENT

This Thursday would have been our big CREATE Gala, but our large gathering is not possible during current Shelter-In-Place restrictions.  However, the show must go on and our work purposefully continues, despite COVID. And COVID-19 is not all that we are tending to.  We have not paused on other critical work, and we will not rest. CREATE continues to make good progress tackling our talent drought! For six years, we've relied on the Gala to highlight the achievements of our workforce development initiative, showcase our student graduates, honor an Industry Partner for their support (this year, Tishman-Speyer), and importantly, to raise funds for the Commercial Real Estate Alliance for Tomorrow's Employees (CREATE).

Wayne Strom, PhD, the founder and visionary behind the Young Professionals Group Program (YPG) has recently passed away at the age of 85. Strom was instrumental in bringing the YPG program to the Bay Area from southern California, and he personally led the program here from 2013-2016. 

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.

• CALIFORNIA STARTS TO RE-OPEN TODAY
• RESILIENCE ROADMAP: WHAT ARE THE STAGES TO RE-OPENING
• WORKER’S COMP EXECUTIVE ORDER
• WORKERS COMP AND COVID-19
• CALIFORNIA COMMERCIAL REAL ESTATE SUMMIT
• COVID-19 RESOURCES PAGE
• CBPA 2020 CALENDAR

• PARTNERS IN SAFELY RE-OPENING CALIFORNIA RETAIL AND SHOPPING VENUES

• BUSINESS GROUPS ASKING FOR DELAY ON SCAG PLAN

• PACIFIC LEGAL FOUNDATION: FAQ RE GOVERNMENT’S EMERGENCY ORDERS

• WORKERS COMP AND COVID-19

• BUILDING CODE SUCCESSES! ELEVATORS & BIRDS

• FLAMMABLE REFRIGERANT BILL SHELVED FOR THE YEAR

• AMENDED BILL WOULD REQUIRE 25% STATEWIDE RENT REDUCTION

• COVID-19 RESOURCES PAGE

• CBPA 2020 CALENDAR

"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."

NAIOP SFBA’s third weekly ZOOM-IN webinar: The Impact of the COVID-19 Crisis on Commercial Real Estate Debt Markets took place on Thursday 4/23 with a virtual crowd of over 100 participating. Jordan Angel, Managing Director, JLL moderated a top notch panel with representatives of three different types of lenders all active in the market and managing large books of business. Panelists included Jake Lehmkuhl, Executive Vice President, California Bank & Trust, John Lippmann, Head of Structuring, New York Life Real Estate Investors and Chris Tokarski, Founder and Managing Director, ACORE Capital.

• THE PIVOT TO RECOVERY
• ECONOMIC TASK FORCE
• ROADMAP TO PANDEMIC RESILIENCE
• BOMA INTERNATIONAL RE-ENTRY REPORT
• SPLIT ROLL; $10B-PLUS TAX HIKE MAY GAIN TRACTION WITH STRESSED LOCAL GOVERNMENTS
• WILLIE BROWN OPPOSES SPLIT ROLL - HURTS MINORITY OWNED BUSINESSES
• ECONOMIC POLICY ASSISTANCE OFFERED BY BUSINESS ASSOCIATION
• JUDICIAL COUNCIL EMERGENCY RULES WILL CAUSE UNNECESSARY DELAYS
• AMENDED BILL WOULD REQUIRE 25% STATEWIDE RENT REDUCTION
• COVID-19 RESOURCES PAGE
• CBPA 2020 CALENDAR

NAIOP SFBA hosted its second weekly ZOOM-IN webinar on Thursday April 16th, Market Update: San Francisco Office Leasing.  The event drew a virtual crowd of close to 120 and featured a panel discussion moderated by Kathryn Collins, Partner, Harvest Properties.  Panelists included Mark Anderson, Vice Chairman, Cushman & Wakefield, Conor Famulener, Executive Vice President, CBRE and Chris Roeder, Managing Director, Brokerage, JLL.

• WILLIE BROWN OPPOSES SPLIT ROLL - HURTS MINORITY OWNED BUSINESSES
• ECONOMIC TASK FORCE
• ECONOMIC POLICY ASSISTANCE OFFERED BY BUSINESS ASSOCIATION
• JUDICIAL COUNCIL EMERGENCY RULES WILL CAUSE UNNECESSARY DELAYS
• WA GOVERNOR DECREES STATEWIDE RENT CONTROL
• REGULATORY DELAY REQUESTED
• AMENDED BILL WOULD REQUIRE 25% STATEWIDE RENT REDUCTION
• AB 2843 “HEAD TAX” BILL – DEFEATED
• CBPA 2020 CALENDAR

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.  The GAC Committee with support from the SF Chapter Board of Directors are excited to announce a partnership with New Deal Advisors.  In addition to our Chapter's ongoing relationship with CBPA, that tracks legislation at the State level, New Deal Advisors will be teaming with us to monitor and report on local Bay Area policies that affect commercial real estate.