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LinkedIn(Via: Allen Matkins, By: William R. Ahern, Anosh Ali, Jared C Kassan) 11.13.20 On November 3, 2020, voters across the State of California were asked to consider various state and local ballot measures. The hardest fought campaign, Proposition 15, asked voters whether to rescind property-tax rules applicable to commercial and industrial property that generally require […]
San Diego Office Market Heads Into Fourth Quarter With Great Uncertainty
Leasing Volume, Rent Growth and Investment Activity Have All Fallen By Joshua Ohl (Via: CoStar Analytics October 15, 2020 | 10:58 AM) San Diego’s office sector has endured a challenging stretch since the outbreak of the coronavirus pandemic. Leasing activity stumbled further in the third quarter, falling below 1 million square feet leased in the second […]
Proposition 13 revise: Proposition 15 would be biggest change to California property taxes in 4 decades
(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 […]