Owners of most nonresidential buildings of 50,000 square feet or more must comply by October 1, 2011, with the new energy-efficiency reporting requirements imposed by San Francisco’s Existing Commercial Buildings Energy Performance Ordinance.
Owners of most nonresidential buildings of 50,000 square feet or more must comply by October 1, 2011, with the new energy-efficiency reporting requirements imposed by San Francisco’s Existing Commercial Buildings Energy Performance Ordinance.
IP Update: “Protect Your Brand From New Adult Entertainment Domain.” Trademark and brand owners may wish to take quick action to protect their brand names from being snatched up under a new “.xxx” top-level domain designed for the adult entertainment industry.
This is the best opportunity in at least 25 years for affluent families to transfer wealth to junior generations. A combination of factors has created this favorable environment, including: (i) generous gift, estate and generation skipping transfer tax (“GST”) exemptions, (ii) unrestricted techniques (GRATs, QPRTs, loans and sales to family members and to grantor trusts f/b/o family members), (iii) low interest rates, (iv) valuation adjustments for inter-family transfers, and (v) still recovering values in closely held businesses and real estate.
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On December 17, 2010, the President signed into law the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, which extends the “Bush-era tax cuts” on earned income and certain investment income, and makes substantial changes in the estate, gift, and generation skipping transfer (“GST”) taxes for transfers in 2010 – 2012.
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On December 14, 2010, the San Francisco Board of Supervisors amended its Inclusionary Housing Ordinance to exempt “Qualified Student Housing Projects” from inclusionary housing requirements. Qualified Student Housing is housing that is owned or leased for a period of 20 or more years by an accredited post-secondary educational institution in which at least 30% of the beds are occupied by students who receive or are eligible to receive certain types of need-based financial aid. To qualify for the exemption, the project must also meet the following requirements: (1) the project will not result in the loss or conversion of existing housing, including rental housing and dwelling units; (2) an Institutional Master Plan (IMP) is on file for the educational institution which contains the required additional information related to student housing; and (3) a Notice of Special Restrictions is recorded against the property.
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On December 14, 2010, the San Francisco Board of Supervisors amended its Inclusionary Housing Ordinance in response to a California appellate court’s decision in Palmer/Sixth Street Properties, L.P. v. City of Los Angeles. The Palmer case held that an affordable housing program that restricted the rental rates an apartment owner could charge at the beginning of a tenancy was in violation of the state’s rent control laws (Costa-Hawkins Act). Because of similar rent restriction features in San Francisco’s Inclusionary Housing Ordinance, the Board of Supervisors adopted interim controls in February, 2010, to address the Palmer decision. The newly adopted Ordinance (now renamed the “Inclusionary Affordable Housing Ordinance”) makes most of the interim controls permanent.
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On June 2, 2010 the Bay Area Quality Management District (BAAQMD) adopted stringent new guidelines for analyzing air quality impacts under the California Environmental Quality Act (CEQA). Advocates for urban infill development are concerned about the timing, cost and risk implications of the guidelines. Although BAAQMD purports to support smart growth and infill development, many fear that the guidelines will make urban infill projects more difficult to process and defend against challenge.
This alert answers frequently asked questions about how the guidelines impact urban infill projects.
In September, we issued an alert about a recent California Court of Appeal case (Palmer) which struck down an affordable (inclusionary) housing requirement for a market rate residential rental project on the basis that it violated state rental control laws by mandating rent-restricted affordable units or an in lieu fee. On October 22, 2009, the California Supreme Court declined review of the Court of Appeal's decision, which means that Palmer remains as precedent, calling into question inclusionary housing requirements for residential rental projects throughout the state.
A recent California Court of Appeal case struck down an affordable (inclusionary) housing requirement for a market rate residential rental project on the basis that it violated state rental control laws by mandating the provision of rent-restricted affordable units or an in lieu fee. This decision is a major setback for affordable housing advocates and has significant implications for inclusionary programs throughout the state.