(Via: Roland Li and Joe Garofoli Oct. 5, 2020 Updated: Oct. 5, 2020 4 a.m.) Norges Bank, Norway’s sovereign wealth fund, caught a break when it bought a minority ownership stake in two San Francisco buildings four years ago. Norges paid $453 million for 44% ownership of 100 First St. and 303 Second St. It was an example of soaring San […]
California’s Split Roll Initiative Would Eliminate CRE Property Tax Cap
Split Roll Tax Advances Toward November Vote (VIA: Taylor Kendzora, Kidder Mathews) In November 2020, California voters will decide if property tax assessment calculations will be changed. The proposed Split Roll Ballot, called “The Schools and Communities First” initiative, seeks to increase property taxes by eliminating the existing annual assessment cap. Should the bill pass, many property owners […]
Proposition 13 Ballot Fight Intensifies with Coronavirus Pandemic
(Via: Joe Garofoli – San Francisco Chronicle) May 26, 2020 Updated: May 29, 2020 3:49 p.m. A proposed change to California’s sacrosanct Proposition 13 that seeks to raise $12 billion annually for schools and local government was already primed to be one of the hottest battles on the November ballot before the coronavirus pandemic hit. But the financial damage brought on […]
