Assembly Bill 1000 (Reyes; D-Colton), a de facto ban on warehouses, was heard by the Assembly Natural Resources Committee on Monday. As expected, the bill passed through committee on a strict party line vote, with Democrats supporting and Republicans opposing. Despite passing through committee, major concerns were raised with the legislation from several Democrats, who reserved the right to not support the bill on the Assembly floor. The bill will be heard by the Assembly Local Government Committee next Wednesday.

We encourage companies to join CBPA and its affiliates in opposing AB 1000. A template and instructions on how to submit a letter of opposition have been provided.

Thursday, May 11th

5:30-6:30 p.m.

The Bungalow @ Fairmont Hotel

Santa Monica

Don't miss CBPA PAC's inaugural fundraiser event! Enjoy bites and beverages by the beach while supporting our industry. Funds raised help support CBPA PAC's efforts to protect the commercial, retail, and industrial real estate industry. 

CBPA would like to congratulate Past Chair Doug Wiele, Interim Chair Rob Cord, Chuck Shaw, Nettie Oliverio, and Tom Engberg for their work on a Reno shopping center makeover project, which won the 2023 CoStar Impact Award for Redevelopment of the Year. The Reno Public Market was born with the renovation and modernization of a shopping center, creating a community gathering place with 14 food vendors, a live music stage, video board, and central bar. You can check out the Reno Public Market at the International Council of Shopping Centers event at the venue next Thursday.

Board Member Sarahann Shapiro participated in her swearing-in ceremony on Wednesday as the CBPA designated representative on the California Commission on Disability Access (CCDA). In this role, Shapiro will represent the commercial real estate industry by working with a variety of stakeholders in the disability and business communities to promote disability access. Shapiro was preceded in this role by by former CBPA Chair Doug Wiele, who received high praise for his decade of service to the Commission.

The National Association of Home Builders released its study of "priced-out" estimates for 2023, showing how higher prices and interest rates affect housing affordability. The study shows that every $1,000 increase of the median-priced home in the state leads to 7,243 Californians becoming priced out of the market. This is a primary reason CBPA works hand-in-hand with the its partners on housing legislation to ensure a vibrant economy and opportunity for all Californians.