In downtown San Francisco, office vacancy has skyrocketed as hybrid work has transformed the way in which employers and employees use office space. This, in turn, has decreased activity downtown, negatively impacting the...more
7/17/2023
/ California ,
Commercial Real Estate Market ,
Conversion ,
County Planning Commissions ,
Housing Market ,
Legislative Agendas ,
Proposed Legislation ,
Real Estate Development ,
Real Estate Transactions ,
Real Estate Transfers ,
Residential Real Estate Market ,
State and Local Government ,
Urban Planning & Development
On July 20, 2021, the San Francisco Board of Supervisors unanimously approved an amendment to the San Francisco Commercial Eviction Moratorium Ordinance (Moratorium Amendment) codifying a legal presumption to potentially...more
7/28/2021
/ Business Closures ,
Business Interruption ,
California ,
Commercial Tenants ,
Coronavirus/COVID-19 ,
Eviction ,
Landlords ,
Leases ,
Local Ordinance ,
Moratorium ,
New Amendments ,
Relief Measures ,
Rent ,
Small Business ,
State and Local Government
On December 1, 2020, the San Francisco Board of Supervisors unanimously approved a commercial eviction moratorium ordinance (the Board Ordinance), which Board Ordinance came into effect on January 11, 2021. When the Board...more
6/18/2021
/ Commercial Leases ,
Commercial Property Owners ,
Commercial Tenants ,
Coronavirus/COVID-19 ,
Eviction ,
Landlords ,
Local Ordinance ,
Moratorium ,
Rent ,
Rental Property ,
State and Local Government ,
Tenants ,
Time Extensions
More than a year into the COVID-19 pandemic, the first form of federal relief prepared specifically for restaurants is likely to be delivered soon. Many restaurants have benefited from Paycheck Protection Program (PPP) loans,...more
4/22/2021
/ American Rescue Plan Act of 2021 ,
Business Expenses ,
Coronavirus/COVID-19 ,
Department of Justice (DOJ) ,
Economic Injury Disaster Loans ,
Eligibility ,
False Claims Act (FCA) ,
Grants ,
IRS ,
Loan Forgiveness ,
NAICS ,
New Guidance ,
New Rules ,
Paycheck Protection Program (PPP) ,
Payroll Taxes ,
Relief Measures ,
Restaurant Industry ,
SBA ,
Tax Forms
Update: This article was updated on March 15, 2021, to include that the governor’s emergency order was extended to June 30, 2021.
Update: This article was updated on January 19, 2021, to include that the commercial...more
3/17/2021
/ Commercial Property Owners ,
Commercial Tenants ,
Coronavirus/COVID-19 ,
Eviction ,
Executive Orders ,
Governor Newsom ,
Landlords ,
Local Ordinance ,
Moratorium ,
Rent ,
State and Local Government
On December 1, 2020, the San Francisco Board of Supervisors unanimously approved a commercial eviction moratorium ordinance (the Board Ordinance). The Board Ordinance will become effective 30 days after the mayor signs the...more
12/4/2020
/ Board of Directors ,
Coronavirus/COVID-19 ,
Eviction ,
Executive Orders ,
Forbearance Agreements ,
Grace Period ,
Landlords ,
Local Ordinance ,
Moratorium ,
Relief Measures ,
Rent ,
Rental Property ,
State and Local Government ,
Tenants
Governor Gavin Newsom has issued Executive Order N-80-20, extending through March 31, 2021 Executive Order N-28-20, which allows local governments to impose commercial eviction moratoriums and restrictions for commercial...more
Last month, Governor Gavin Newsom signed an executive order which allows, but does not require, local governments to impose temporary limitations on residential and commercial evictions in certain COVID-19-related situations....more
4/17/2020
/ Coronavirus/COVID-19 ,
Critical Infrastructure Sectors ,
Eviction ,
Executive Orders ,
Governor Newsom ,
Homeland Security Cybersecurity & Infrastructure Security Agency (CISA) ,
Real Estate Market ,
Rent ,
Shelter-In-Place ,
State and Local Government ,
Tenants
As the coronavirus (COVID-19) continues to spread, we are facing stressful and rapidly changing times trying to combat the pandemic—the president invoked the Stafford Act and declared a national emergency; Center for Disease...more
Seeking to preserve the vitality of commercial corridors and reduce retail vacancies, San Francisco voters approved the Vacancy Tax Ordinance, which authorizes a tax assessment on vacant retail space beginning January 1,...more
Effective January 20, 2020, eviction controls under the San Francisco Rent Stabilization and Arbitration Ordinance (Administrative Code Chapter 37) (the “Rent Ordinance”) apply to any residential units constructed after June...more
The San Francisco Jobs Housing Linkage Fee (JHLF) is set to more than double under the “Housing for SF Workers” ordinance recently passed by the San Francisco Board of Supervisors (Ordinance). Mayor London Breed refused to...more
Governor Gavin Newsom signed into law the Tenant Protection Act of 2019, AB 1482, (now California Civil Code Section 1946.2 and 1947.12), on October 8, 2019, joining only Oregon in enacting a statewide rent control law....more
10/9/2019
/ Eviction ,
Exemptions ,
Governor Newsom ,
Landlords ,
Local Ordinance ,
New Legislation ,
Rent Control ,
Rental Property ,
Residential Leases ,
Residential Real Estate Market ,
Tenants
The San Francisco Mayor’s Office of Housing and Community Development released its much-awaited Community Opportunity to Purchase Act (COPA) Program Rules on Monday, September 3, 2019. (The mayor signed COPA on May 3, 2019.)...more
Effective June 2, 2019, San Francisco has enacted the “Community Opportunity to Purchase Act” or COPA (codified as San Francisco Administrative Code, Section 41.B.1 through Section 41.B.14).
Recognizing the housing crisis...more
5/31/2019
/ Affordable Housing ,
Housing Market ,
Low-Income Issues ,
Multi-Family Development ,
New Legislation ,
Nonprofits ,
Real Estate Transactions ,
Right of First Refusal ,
San Francisco ,
State and Local Government ,
Urban Planning & Development
An annoying question for lenders is whether or not a lender can enforce two loans to the same borrower and secured by the same property. The nagging issue is usually raised when a lender makes (1) a first loan and an...more
7/18/2017
/ Borrowers ,
Debtors ,
Deed of Trust ,
Deficiency Judgments ,
Judicial Foreclosure Process ,
Junior Lenders ,
Lenders ,
Lienholders ,
Mortgage Lenders ,
Non-Judicial Foreclosures ,
Promissory Notes