Each year, the Counselors of Real Estate organization polls its members and thereafter releases a summary of the “Top 10 Issues Affecting Real Estate.” You can find the article here.
As expected, COVID-19 dominated the headlines and ranked number 1 on the list of issues. Aside from the personal, emotional, and economic toll, COVID-19 raises serious questions about the future demand for real estate, and whether it will be reduced by the “virtual office” and preference for home entertainment? There is a huge question mark regarding how long social distancing will persist, and ...
There is an ongoing global pandemic and the world is rightly focused on news related to COVID-19. Given the circumstances, other news is slipping below the radar. Something you may have missed is another effort to revive redevelopment in one form or another through Senate Bill 795.
SB 795 is focused on affordable housing and tries to give local municipalities some of the tools that were available through prior redevelopment agencies. But when one mentions ‘redevelopment’ there seems to be an immediate negative reaction. Sure, there were redevelopment projects that were sketchy ...
Last year, my partner Ben Rubin reported on the California Supreme Court's decision in California Building Industry Association v. City of San Jose, which analyzed an inclusionary housing ordinance and held that such ordinances do not qualify as "exactions" and, consequently, are reviewed under a deferential standard that looked at whether the ordinance was "reasonably related" to the city’s interest in promoting the health, safety, and welfare of the community.
Last month, we saw the first published decision following last year's Supreme Court pronouncement ...
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