On September 27, 2016, California Governor Jerry Brown signed Senate Bill No. 1069 into law, which will help to reduce regulatory barriers facing homeowners when seeking to build a granny flat (referred to as an "accessory dwelling unit") on their real estate. According to State Senator Bob Wieckowski (D - Fremont), the author of SB 1069, "[r]emoving the most egregious obstacles to building these units will help to increase the supply of affordable housing in California and allow more people to remain in the communities they call home.... SB 1069 returns more power to homeowners and reins in some of the enormous fees and requirements levied by local agencies."
Under Assembly Bill 2616, signed by Governor Brown on September 24, 2016, the California Coastal Commission will be reconfigured and will seek to "advance principles of environmental justice and equality."
You read in a newspaper or online a new commercial development has been approved by the City/County in your neighborhood. You do not want the commercial development. What can you do to stop it?
In a prior post, we highlighted the sunny outlook for commercial real estate projects in Southern California. Essentially, there is a strong sense of confidence among commercial real estate developers that is expected to last through 2018. With such optimism on the commercial side of real estate development, can the same be said for residential projects?
A recent trend in Southern California cities has real estate developers concerned. Simply stated, cities are being restricted from issuing zoning changes which are crucial for new development projects. Cities like Malibu, Encinitas, and Newport Beach are just a few examples of cities that already have restrictions in place that prevent them from issuing the zoning changes for real estate development projects.
In our first bi-weekly edition of the North San Diego County Real Estate Update, we wanted to compile a summary of a few recent stories that may be of special interest to our readers. Moving forward, we plan to publish an update every few weeks to note stories that may affect the commercial real estate and residential real estate markets in Northern San Diego County.
There's some truth to the old adage "hope springs eternal." In most regions of the country, this is associated with the changing of winter to spring and the optimism that comes with it. Even though it is spring time for most of the year in our region, the optimism for the commercial real estate market continues.
If you own property or a house in the California Coastal Commission's jurisdiction (the "Coastal Zone"), and you're in need of a coastal development permit, here are five things you should know and consider.
The City of Carlsbad recently announced that it's launching a first-of-its-kind program to decrease the processing time for coastal development projects. In particular, the city will provide funding for additional staff resources at the California Coastal Commission over the next thirty (30) months. By adding another coastal program analyst to the Coastal Commission's staff, the public and private projects within Carlsbad's coastal zone will received expedited review.