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BOMA | Building Owners and Managers Association of San Francisco
Advocate: An Update on Legislative, Regulatory, and Political Issues Affecting Commercial Real Estate
July 16, 2010
Volume 16, Issue 7
Say “NO” to new taxes!
Contact the San Francisco Board of Supervisors ASAP, Before 2 p.m. on Tuesday, July 20, 2010
 
BOMA San Francisco is a leading partner with the business community to STOP ANY NEW TAXES.  As we’ve been reporting, the San Francisco Board of Supervisors is considering multiple tax measures for the November 2010 election: a new Commercial Rent Tax and increases to the Real Property Transfer Tax and the Parking Tax, in addition to a Hotel Tax increase that is already on the ballot.    ANY new taxes would place yet another economic burden upon small business, stunt job growth and delay economic recovery.   We need you and your clients to tell the Board of Supervisors now is NOT the time for new or increased taxes!
 
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November 2010 Local Ballot Measures
San Francisco Chamber of Commerce Public Policy Committee Positions
 
The San Francisco Chamber of Commerce's Public Policy Committee, of which BOMA San Francisco is a member, has taken positions on the following measures that may be on the November 2010 San Francisco ballot.
 
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Commercial Real Estate Industry Drives Jobs
Study Shows Broad Impact of CRE on Nation’s Economy
Download the BOMA International Economic Impact Study, The Contribution of Office Building Outlays on the U.S. and States Economies in 2009

The commercial real estate industry is a significant contributor to the nation’s economic engine. In 2009, the office building industry contributed $118.4 billion to the U.S. economy. Real estate is one of the leading employers in the United States. Office building operations alone supported more than a million jobs in 2009. 

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BOMA San Francisco PAC Endorses Theresa Sparks For District 6 Supervisor
Help Elect Theresa Sparks for District 6 Supervisor
CONTRIBUTE TO HER CAMPAIGN TODAY!
 
Help BOMA San Francisco and the greater business community elect Theresa Sparks  for District 6 Supervisor!  Visit her campaign website TODAY (www.sparksfor6.com) to find out how!   
 
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San Francisco City Hall News
SFMTA Executive Director/CEO Nathaniel Ford Speaks at San Francisco's Government Affairs Committee Meeting
July 7, 2010
 
Nathaniel Ford, the Executive Director and CEO of the San Francisco Municipal Transportation Agency (SFMTA) spoke to members of the BOMA San Francisco Government and Public Affairs Committee (GAPAC) on July 7, 2010 about what's happening at the SFMTA. 
 
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Fix Muni Now - Petition Qualifies for Local November 2010 Ballot
Nearly 75,000 Signatures Submitted to the Department of Elections!
 
Thanks to the efforts of Supervisor Sean Elsbernd, SPUR and the BOMA San Francisco  membership, the Fix Muni Now campaign submitted close to 75,000 signatures to the San Francisco Department of Elections on July 1, 2010--approximately 30,000 more than required--to get Muni reform on the November ballot.   Congratulations to everyone who participated in making this good government measure a reality. 
 
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BOMA California News
UPDATE: Split Roll Bill Revived - AB 2492
 
In late June 2010, we learned from our tireless Sacramento advocates at BOMA California that AB 2492, the Split Roll measure authored by Assemblymember Tom Ammiano (D - San Francisco), was heard 'off the Floor' which means that there wasn't an opportunity for discussion or testimony by opponents.  The measure was being held in the Assembly Appropriations Committee before this unusual move.
 
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California Legislature - Priority Bills
2010 California Commercial Real Estate Summit
 
Your BOMA Advocacy Team and fellow BOMA San Francisco members will be in Sacramento this week for the 2010 California Commercial Real Estate Summit to talk to our elected Bay Area leaders in the California State Legislature on the following priority measures.
 
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BOMA International News
The 2010 Experience Exchange Report is Available Now!
Outpace the Competition with the 2010 Experience Exchange Report
 
Set a winning pace for your building´s performance with the 2010 Experience Exchange Report ®. With data from 4,200 buildings and more than 250 markets, the report contains key insight on income and expense trends in commercial office buildings. 
 
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BOMA 2010 International Conference Panel Discussion
Commercial Real Estate's New Normal
 
At the BOMA 2010 International Conference, attendees were able to listen in to top market leaders in  commercial real estate for a panel discussion on the 'new normal' for the industry.  The panel was moderated by Kurt Padavano, COO of Advance Realty Group.
 
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UPDATE: Carried Interest Concerns Remain
 
On June 24, 2010, the Senate cloture vote to end debate on HR 4213-- American Jobs and Closing Tax Loopholes Act of 2010 or better known as the Extender Package, failed by a vote of 57-41. This is the Senate’s third unsuccessful attempt this month to limit debate and move to an up or down vote on a bill that includes the tax increase on Carried Interest as a revenue off-set. 
 
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General News
San Francisco Better Market Street Request for Qualifications
Responses are due by July 30, 2010 at 2:00 p.m.
 
The San Francisco County Transportation Authority is inviting responses to their Request for Qualifications (RFQ) from interested parties for planning, urban design, conceptual engineering, outreach, and environmental analysis services for the Better Market Street (BMS) Planning and Environmental Studies. Responses must respond to the specific activities described in Section III of the RFQ.
 
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Transbay Temporary Terminal Set to Open
August 7, 2010
 
The Transbay Joint Powers Authority (TJPA) has announced the official opening date of the Transbay Temporary Terminal and the closing of the existing Transbay Terminal starting August 7, 2010. The Transbay Termporary Terminal, located on Howard and Main Streets, will serve as the temporary bus facility until the completion of the Transbay Transit Center at First and Mission Streets in 2017. 
 
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REMINDER: California Cable Car Infrastructure Improvement Project
PROJECT DURATION: End of Summer 2010 – Summer 2011
 
The San Francisco Municipal Transportation Agency (SFMTA) in conjunction with the Department of Public Works (DPW) has initiated the California Cable Car Infrastructure Improvement Project designed to replace aging underground components and repave the roadway along a 17-block area of California Street from Drumm Street west to Van Ness Avenue.
 
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ABOUT THE SWIG COMPANY, LLC


 

This issue of the BOMA San Francisco Advocate is generously sponsored by The Swig Company, LLC.

The Swig Company, LLC, headquartered in San Francisco, is a private investment company with a 70-year history of development, ownership and management of commercial real estate properties in major markets throughout the United States. The Company’s diversified portfolio includes 9+ million square feet of office buildings in markets such as New York, San Francisco, and Southern California. The Swig Company also owns and controls approximately 35,000 square feet of industrial space, and an assortment of other credit-leased properties and land for development. The Swig Company’s business plan calls for moderate growth into the future. Its primary investment mission is to add value to its investment portfolio through proactive asset management, acquisitions, dispositions, selective development and redevelopment, and professional property management.

Please click here to visit the The Swig Company, LLC website.

SPONSORED BY


ADVOCACY EVENTS
•  Codes and Regulations Committee Meeting
July 28, 2010
Click here for more information.
•  Energy and Environment Committee Meeting
August 3, 2010
Please click here for more information.
•  GAPAC Meeting
August 4, 2010
Please click here for more information.
•  Emergency Preparedness Committee Meeting
August 10, 2010
Click here for more information.
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