June 5, 2026

2026 California Election Update

Statewide Elections Recap

Governor

The race for Governor is shaping up to be one of the most competitive statewide contests in recent memory. Republican Steve Hilton currently leads the field, followed by former U.S. Health and Human Services Secretary Xavier Becerra. Billionaire Tom Steyer remains within striking distance as counties continue processing ballots.



Lieutenant Governor

State Treasurer Fiona Ma is currently positioned to advance to the November General Election with 19.2% of the vote. Former State Senator Gloria Romero leads the field, while Veterans Affairs Secretary Josh Fryday and former Stockton Mayor Michael Tubbs remain within striking distance as ballots continue to be counted.


Insurance Commissioner

Former San Francisco Supervisor Jane Kim currently leads the race for Insurance Commissioner with 24.3% of the vote, followed by State Senator Ben Allen with 19.4%. Republican Stacy Korsgaden is currently in third place with 17.2%.

Key Congressional Races

Congressional District 6 – Kevin Kiley Seat

Congressman Kevin Kiley remains on track to advance to the November General Election. The battle for second place remains extremely close, with Richard Pan and Michael Stansfield separated by a narrow margin. With thousands of ballots still left to count, the second runoff position remains too close to call.


Congressional District 11 – Nancy Pelosi Seat

The race for the open congressional seat long represented by Nancy Pelosi and now sought by former State Senator Scott Wiener is expected to be one of the most expensive and closely watched congressional contests in California. Multiple candidates remain in contention as vote counting continues, with labor, business, housing, and progressive groups heavily engaged in the race.


Congressional District 4 – Mike Thompson Seat

Congressman Mike Thompson finished first in the primary and is expected to advance to the November General Election. Napa County Supervisor Eric Jones also appears positioned to move forward, setting up a competitive November contest.


Key Legislative Races

Senate District 40 – Brian Jones Seat

The race to replace termed-out Senator Brian Jones remains one of the most closely watched legislative contests in California. Former Olivenhain Water District Board Member Kristie Bruce-Lane, former San Diego City Attorney Mara Elliott, and San Marcos City Councilmember Edward Musgrove are competing for the open Senate seat.


Assembly District 31 – Annalisa Perea

Annalisa Perea finished first in the primary with 44.1% of the vote, comfortably advancing to the November General Election. Republican Jim Polsgrove finished second with 37.7%.


Assembly District 42 – Kelly Honig

Kelly Honig advanced from the June Primary and remains well-positioned heading into the General Election.


Assembly District 65 – Ayanna Davis

Ayanna Davis advanced from the June Primary and will continue her campaign through November.


Assembly District 68 – David Penaloza

David Penaloza received 33.4% of the vote and advanced to the November General Election. Penaloza narrowly trails Republican Mayra Ruiz, who received 34.0%, setting up one of the most competitive Assembly races in the state.


Senate District 14 – Esmeralda Soria

Esmeralda Soria advanced to the November General Election and remains one of the business community's top legislative priorities this election cycle.


Senate District 34 – Avelino Valencia

Avelino Valencia delivered one of the strongest performances of the night, winning 60.9% of the vote and advancing comfortably to the November General Election. Valencia defeated Republican Rhonda Shader, who received 39.1%.

Local Ballot Measures

San Francisco CEO Tax (Propositions C & D)

San Francisco voters appear poised to reject both CEO Tax measures. As of this writing, both Proposition C and Proposition D are failing. CBPA PAC contributed to the San Francisco Chamber-led opposition effort.


El Cerrito Measure C

El Cerrito voters overwhelmingly rejected Measure C, a parcel tax intended to fund construction of a new city library. The measure received just 27.17% support, well short of the threshold required for passage.


Transfer Tax Measures

BOMA California continues to monitor proposed transfer tax increases under consideration in Sacramento and Benicia and remains opposed to efforts that would further increase the cost of commercial real estate transactions and investment.

Registration Opening Soon:

California Commercial Real Estate Summit

Registration for CBPA's Annual Commercial Real Estate Summit, scheduled for August 11-12 in Sacramento, will open next week. Save the date and join CBPA for two days of networking, collaboration, and advocating in the State Capitol on behalf of the commercial real estate industry.

You're Invited: PAC @ The Ballpark

Join us for an exclusive industry fundraiser to support the California Business Properties Association PAC in a private suite at the new home of the Athletics!


Enjoy premium hospitality as we watch the A’s take on the Los Angeles Dodgers at Sutter Health Park in West Sacramento on July 1st. Special guests to include state lawmakers and PAC contributors.


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Mark Your Calendars - 2026 Signature Events

June 27 - June 30, 2026

2026 BOMA International Conference

Long Beach, CA


July 1

PAC at the Ballpark - Dodgers @ A's

Click here to learn more and register!



August 11-12, 2026

CA Commercial Real Estate Summit

Sacramento, CA


November 5, 2026

Industry Awards Dinner

Orange County, CA

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