Weekly Update

February 20, 2026

Next Week: CBPA Legislative All-Star Lunch

February 25, Sacramento - Still Time to Register!

Join commercial real estate industry leaders as we celebrate some of Sacramento’s all-star lawmakers. You won't want to miss this opportunity to connect with peers and state representatives in a stunning 15th floor venue overlooking the Capitol!

Click here to learn more and register!

2026 Legislative All-Stars: Pictured left to right: Assemblymember Greg Wallis, Senator Rosilicie Ochoa Bogh, Senator Tim Grayson, Assemblymember Joe Patterson, Assemblymember Mark González, Assemblymember Diane Dixon, Assemblymember Lori Wilson, Assemblymember Rebecca Bauer-Kahan, Assemblymember Cottie Petrie-Norris, Assemblymember Juan Carrillo, Assemblymember Nick Schultz, Assemblymember Stephanie Nguyen, Assemblymember Patrick Ahrens, Senator Laura Richardson

California Democratic Congressman and 2026 Gubernatorial Candidate Eric Swalwell Meets with BOMA California Board Members

BOMA California was pleased to welcome Eric Swalwell, California Democratic Congressman and 2026 gubernatorial candidate, as a special guest speaker at our Board of Directors meeting on February 19. Congressman Swalwell shared his priorities for California, including addressing crime, improving government efficiency, reducing regulatory red tape—summed up by his tagline, “California is a blue state wrapped in red tape”—positioning California as a true technology leader, and addressing issues important to the commercial real estate industry and the state’s economic future.

Congressman Swalwell is the second gubernatorial candidate to engage directly with CBPA and BOMA California members, following Antonio Villaraigosa, who joined members during the November Strategic Issues Conference. These conversations underscore the leadership role our members play across California and the importance of the commercial real estate industry to candidates seeking statewide office.

Special thanks to Past BOMA California and BOMA International President Manny Moreno for helping facilitate the invitation and making Congressman Swalwell’s participation possible. We appreciate the opportunity for continued dialogue with leaders shaping California’s future.

You're Invited: California Commission on Disability Access Business Community Stakeholder Summit | Tuesday, February 24 10:00 AM - 11:30 AM via Zoom

CCDA, on which BOMA California's Sarahann Shapiro serves, invites members of the business community to participate in a Business Community Stakeholder Summit as part of our ongoing strategic planning process. CCDA is currently developing a five-year Strategic Plan that will be completed in 2026 and will guide the Commission’s work through 2030.

This summit is intentionally designed as a facilitated listening and discussion session to gather perspectives from business stakeholders that may help inform this process. The summit will provide an opportunity for business stakeholders to engage in dialogue with one another and share insights related to accessibility, compliance, and partnership with CCDA. Input shared during the discussion will be considered alongside other stakeholder feedback as CCDA continues to refine its strategic direction.

Click here to register for the Zoom Summit

Key Bills in Motion

AB 1439 (R. Garcia) – Pension Investments and Labor Standards (Oppose)

AB 1439 restricts pension fund investments in development projects unless they meet specific labor standards, creating legal conflicts with existing agreements and reducing overall housing investment. The bill increases project costs and further strains statewide affordability.

STATUS: The bill passed the Assembly Floor on a 44-36 vote and will move to the Senate.

Click here to read our opposition letter

SB 667 (Archuleta) – Rail Operations and Safety Restrictions - (Oppose)

SB 667 would impose new operational restrictions and liability exposure on freight rail operations, creating significant uncertainty for rail-dependent supply chains across California. By expanding regulatory requirements beyond existing federal rail safety standards, the bill risks disrupting goods movement, increasing costs for shippers and consumers, and undermining statewide economic and infrastructure reliability.

STATUS: The bill passed the Senate Floor on a 26-11 vote and will move to the Assembly.

Click here to read our opposition letter.