The proposed warehouse ban Assembly Bill 1000 (Reyes; D-San Bernardino) was scheduled for hearing at yesterday's Assembly Local Government Committee, however the author pulled the bill from consideration at the last minute. While this puts a pause on the proposed warehouse ban, we anticipate new legislation to arise on this matter prior to the deadline to introduce new legislation next month.

AB 1000 would ban new warehouse projects over 100,000 s.f. within 1,000 feet of a "sensitive" receptor. AB 1000 is a de facto ban on warehouses and will kill new housing and jobs reliant on these projects. 

CBPA President & CEO Matthew Hargrove will be featured on the Commercial Real Estate Report live on YouTube today at 12 p.m.

The Commercial Real Estate Report is dedicated to providing in-depth analyses, market trends, and expert opinions from the world of commercial real estate.

Don't miss this important discussion on industrial development in the Inland Empire, Proposition 13, the Taxpayer Protection Act, and more!

Looking for more information on new laws and proposed legislation that impacts our industry? CBPA has created fact sheets to help you learn about critical issues impacting commercial real estate, including:

• AB 1218: Demolition of Residential Dwelling Units
• AB 1572: Potable Water Use on Nonfunctional Turf 
• SB 253: Climate Corporate Data Accountability Act
• And more!

Governor Gavin Newsom is calling for the creation of new laws to crack down on professional thieves — expanding criminal penalties to hold criminals accountable and bolstering police and prosecutor tools to combat theft and take down suspects who profit from smash and grabs, retail theft, and car burglaries.

CBPA looks forward to working with the Governor and lawmakers on behalf of the commercial real estate industry to support actions designed to curb property crime.

CBPA President & CEO Matthew Hargrove recently spoke with Opportunity Now, an outlet highlighting free market perspectives for Silicon Valley policymakers. Hargrove discusses the popularity of Proposition 13, and the Taxpayer Protection Act’s efforts to restore Prop. 13. He also highlights Assembly Constitutional Amendment 1 and how it would exacerbate housing unaffordability.

“We saw Prop 15 in 2020, a split-roll property tax that would have undone one of Prop 13's key protections. Yet, if you look at the results for Prop 15—especially considering it was during the pandemic—it's clear that voters were overwhelmingly in opposition to changing Prop 13 at that time. Over and over again, spanning decades, the people in the State of California have declined to dismantle Prop 13."

Yesterday, Governor Gavin Newsom released his 2024-2025 budget plan, which includes a deficit of $37.9 billion. The total planned budget is $291 billion, down from the $311 billion budget signed into law last year. In order to balance the budget, the Governor has proposed spending cuts to various initiatives, including housing and climate programs.

The proposed budget will be negotiated with the Legislature with a June 15th deadline to pass it prior to the start of the fiscal year on July 1st.