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.
NAIOP San Francisco Bay Area Chapter (SFBA) kicked off its weekly members-only Zoom-In series on Thursday April 9th with over 100 registrants. The inaugural session, Leases and Loans: Feeling the Effects of the COVID-19 Crisis was moderated by Chapter President David Karol, Principal, Ridge Capital Investors, and featured Phillip Wang, Partner, Rimon Law and NAIOP SFBA Board Member.
Yesterday the White House sent an e-mail with important information -- copied in part below, after this message. It contains links to various documents and the Treasury info site. The most important ones are the application form for businesses to apply for the SBA loan program, and info sheets for borrowers and lenders.
According to some reports, the SBA may have a site up this week and will be able to fund these loans, possibly as soon as Friday.
NAIOP is focused on providing you knowledge that you and your company need right now. Resources include:
Governor Newsom has implemented Executive Order during our struggle with COVID-19 here in California. California Business Properties Association (CBPA) will have a voice at the table representing commercial retail real estate as the Newsom Administration finds a way forward.
NAIOP SFBA Chapter leadership understands and shares our members’ concerns regarding the coronavirus (COVID-19) and the challenges it presents to those in our community. After careful consideration, and based on the most recent government regulations, we have postponed all of our in-person events and gatherings through June 1, 2020. Additionally, any board/committee meetings or other gatherings for NAIOP SFBA business shall be conducted online or via telephone, rather than in person, until further notice.