Industry Sponsored AB 2433 Heads to Assembly Floor

Commercial real estate industry sponsored bill AB 2433 passed through the Assembly Appropriations Committee with bi-partisan support yesterday. The bill, authored by Assemblymember Quirk-Silva (D-Fullerton, pictured here) addresses the lengthy delays in the building permit process by introducing flexibility in fee structures, inspection timelines, and the conditional utilization of private professional services. CBPA's Senior Director of Government Relations Skyler Wonnacott (also pictured here) provided testimony in support of the bill. AB 2433 now heads to the Assembly floor for a vote. If it passes, it will next head to the Senate for consideration.


CCRES Registration Now Open!

The California Commercial Real Estate Summit, our industry's annual advocacy event in Sacramento returns August 13th-14th. This is your chance to meet with your state representatives to advocate for our industry while connecting with your fellow leaders in commercial real estate. You won't want to miss our new welcome reception location at the iconic California Museum!


Governor Releases Revised '24-'25 Budget

On May 10, Governor Newsom released the May Revision to his proposed fiscal year 2024-2025 budget. Following an underwhelming first quarter of returns, including a sluggish April income tax season, the revised budget anticipates a $28 billion deficit though the figure grows as we look to future fiscal years.

While the legislature and governor agreed upon a set of early actions to reduce the budget deficit by $17 billion, the remaining hole will require much more difficult decisions to fill.


Industry Awards Dinner - Back And Better Than Before!

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!


2024 Events

August 13th-14th: California Commercial Real Estate Summit - Sacramento

November 7th: Awards Dinner - Orange County

Legislative Calendar

April 1st: Legislature Reconvenes from Spring Recess

May 24th: Last day for each house to pass bills introduced in that house.

July 3rd-August 4th: Summer Recess


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