A look at the potential cost impact of the proposition to tenants, owner/users and investors, along with how commercial property values are likely to be effected.

A look at the potential cost impact of the proposition to tenants, owner/users and investors, along with how commercial property values are likely to be effected.
The defeat of SB 939 was certainly worthy of celebration, but that’s behind us now and another potentially catastrophic threat looms ahead. And, now it has a number: Proposition 15.
When…that was a close one. On June 18th the commercial real estate industry was spared from suffering the consequences of one of the most poorly conceived pieces of state legislation in our memory. It was called SB 939.
On June 5th, the Paycheck Protection Flexibility Act (PPFA) was signed into law by President Trump in an effort to increase assistance to more US businesses impacted by the virus-induced economic shock…
Just when we thought that we had heard it all from our state’s legislators in Sacramento, along comes a draconian new piece of legislation that would literally make many real estate leases worth no more than the paper they are written on.