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MARIJUANA & REAL ESTATE

April 15, 2015

Michele Brooke, Esq. was a speaker at Stevenson Real Estate Services.  Here were some of the topics:
Real Estate Demands Will Rise by 2016 Especially in Commercial and Industrial Zones.   The Cannabis Industry Needs Land.  What is Legal/Not Legal in Accommodating Marijuana Tenants or Buyers?  Why Sell/Lease to a Marijuana Buyer/Tenant?  CA Marijuana Laws/California Senate Bill 420 (Medical Marijuana Program Act).  Medical Marijuana Patients and Their Caregivers Need 420 Friendly Landlords.  SB 420 Marijuana Plant Limit.  Personal Marijuana Cultivation for Patients.  Full presentation: http://tinyurl.com/pdm3ukt

California Legislative Changes for 2015 Impacting Multifamily Housing

February 26, 2015

Electronic Signatures (Assembly Bill No. 2747)
Servers of Process (Assembly Bill No. 2256)
Water Submeters (Assembly Bill No. 2451)
Possession By Declaration (Assembly Bill No. 1513)
Electric Vehicle Charging Stations (Assembly Bill No. 2565)
Pest Control (Senate Bill No. 1167)
Personal Agriculture (Assembly Bill No. 2561)
Paid Sick Days (Assembly Bill No. 1522)
Additional Information

Federal Reserve Leaves Interest Rates Unchanged

January 31, 2015

The Federal Reserve once again left interest rates unchanged at a range of zero to a quarter of a percentage point, postponing a return to what it calls normal rates and reiterating that “it can be patient” in deciding when to begin raising rates. 

Documentary Transfer Tax – You Can’t Hide It After Jan 1, 2015

November 11, 2014
Anyone submitting a document for recording can no longer “hide” its associated transfer tax from the public records by use of a separately attached declaration. Presently, Section 11932 of the California Revenue and Taxation Code provides an option permitting that the amount of transfer tax due for a taxable document not be disclosed on public record but, rather, declared in a separate paper attached thereto when presented for recording. Pursuant to Assembly Bill 1888 of 2014, effective January 1, 2015, Section 11932 is amended to repeal this option, thereby requiring that all documentary transfer tax declarations thereafter must be included in taxable documents and become part of the public record. This post is for informational purposes only.  

Robots Get a Job at Lowe’s

October 30, 2014

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This holiday season, the home improvement company is introducing two robots at a San Jose OSH Hardware store. The so-called OSHbots will help shoppers find goods and dole out “real-time” information on inventory and promotions, according to Lowe’s, which owns Orchard: http://tinyurl.com/lj3wzl8.  Source: LATimes.com

Rents to Keep Rising Across the Southland

October 13, 2014

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The cost of the average apartment in the Southland is projected to grow more than 8% over the next two years.
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Source: LATimes.com

California Competes Tax Credit FAQ

September 18, 2014

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The California Competes Tax Credit is an income tax credit available to businesses that want to locate in California or stay and grow in California.  The tentative amount of credits that can be allocated is $151.1 million in fiscal year 2014/15 & $200 million in each fiscal year 2015/16 through 2017-18.  This post is for informational purposes only.   Reader to verify all facts.  Full story: http://tinyurl.com/n7y2qbk. Source: business.ca.gov.

A Tax Break That Saves History

September 18, 2014

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The bill AB 1999 requires that projects demonstrate they can generate at least as much tax revenue for the state as they get in tax credits. Full story: http://tinyurl.com/ncg49y9. Source: LATimes.com

Nonresidential Building Energy Use Disclosure Program (AB 1103)

July 21, 2014

California Assembly Bill 1103 requires building owners of nonresidential buildings to disclose their building’s energy use in advance of major financial transactions. These are: the sale of, the leasing of or the refinancing of the building. Quick Facts: http://tinyurl.com/m97ar5c and http://tinyurl.com/lsbd84l Green Econome Presentation: http://tinyurl.com/mxjketk. The information in this post has been furnished from sources which we deem reliable, but for which we assume no liability, expressed or implied. Interested parties to conduct independent investigation of all information.

Fed Keeps Rates Unchanged

June 25, 2014

16757956_sEconomic activity is rebounding in the current quarter. There are good reasons to expect faster growth in 2015 and 2016, including an improving labor market, the Fed’s easy credit policies, reduced household debt, rising stock and home prices and less-restrictive government tax and spending policies. Full story: http://tinyurl.com/c47mdfh Source: bankrate.com