Last Friday marked the deadline for bills to pass in the house they originated in. Two bills focused on the adaptive reuse of commercial real estate or office to housing conversion passed the Assembly overwhelmingly and now head to the Senate. Our industry has prioritized working with the Legislature on adaptive reuse to enable property owners to pursue this option when it makes sense.

AB 3068 (Haney; D-San Francisco) aims to promote the conversion of existing nonresidential buildings into residential or mixed-use spaces by allowing cities and counties to offer financial incentives for adaptive reuse projects and streamlining the approval process for converting. The bill passed the Assembly floor on a vote of 58-5 and now heads to the Senate.

Industry sponsored assembly bill 2433 (Quirk-Silva) improves the building permit process and expedites important projects in your community. The bill builds on current law to provide flexible fee structures, expedited inspection timelines, and conditional employment of external professional services.

We need your outreach to members of the Senate Local Government Committee urging them to support AB 2433. Click here to view committee contact information and a sample message to send. Thank you for your continued support of our industry!

CBPA member Prologis and Performance Team, A Maersk Company, recently announced the launch of Southern California’s largest heavy-duty electric vehicle (EV) charging depot, located near the Ports of Los Angeles and Long Beach and powered by the nation’s largest EV truck microgrid. 

The Denker charging depot was constructed in just five months and will have the ability to charge up to 96 EV trucks simultaneously. The depot is the third Southern California commercial truck EV charging project Prologis Mobility and Performance Team have opened together.

Join us at the Segerstrom Center for the Arts, the dazzling new location for CBPA's Industry Awards Dinner! You'll be taken on a guided tour prior to the start of the event and will catch up with peers over bites and beverages.

Next, you'll be treated to our refreshed event program as we honor deserving individuals and organizations - including some exciting new award categories. Save the date for November 7th!

CBPA President & CEO Matthew Hargrove joined thousands of industry professionals last week at ICSC Las Vegas. The event served as an opportunity to talk trends and make connections, with hot topics of discussion including interest rates, the pricing standoff between retail property buyers and sellers, and the rise of retail as the favored sector.

ICSC, a long time partner of CBPA, promotes and elevates the marketplaces and spaces where people shop, dine, work, play, and gather as foundational and vital ingredients of communities and economies.