California voters could change the way that commercial properties are taxed. The proposed overhaul of Proposition 13 could mean that developers need to place more emphasis on the tax ramifications of their projects. The major selling point for the initiative lies in providing billions more dollars for schools, along with other services and programs throughout the state.
In many ways, the death of downtowns as shopping districts came long before the death of shopping malls. Some may say malls triggered this decline. However, innovative California cities have revitalized their downtowns by making them multi-purpose, combining business, work and entertainment to create a hub of social interaction. Now, a new idea to encourage development is gaining traction, and that is bringing professional sports stadiums into the heart of the city.
When planning for the start of a new project, it is important to take the time to figure out the impact it may have on affected California cities. A new development could require expensive changes to infrastructure. In a state already plagued by high costs, cities may take issue with having to spend millions of dollars to accommodate a project.
You are the one who comes up with ideas and recruits others who see your vision. You may be good at rounding up the capital you need in order to make your project a reality. When it comes to the paperwork and complying with Orange County, California and federal laws that may apply to your project, you may not be sure where to start. Developers often turn to others to assist them with these requirements.
Now that the smoke is clearing, surveying the damage done by the recent wildfires here in California could take some time. Even so, some developers are already beginning efforts to rebuild. However, they could encounter significant environmental obstacles as they do so.
Are you getting ready to open your own small business in California? If you are, where you open up shop can make all the difference in how well your company performs. It is not just about the location, though. The agreement you have with your landlord can have a significant impact on your bottom line.
The California Environmental Quality Act enforced by the state's Department of Fish and Wildlife provides guidelines regarding the protection of the environment. You may be required to apply for licenses and permits for your new development project through this agency. As a result, your request will more than likely involve a review to make sure it does not violate the act.
Starting a new commercial venture can be an exciting time, but also a frustrating one. With so many decisions to make, both business and legal, what looks like an easy shopping center project on paper could quickly become complex. This is why California developers could benefit from some legal help with projects.
Are you a developer who is working to meet green building standards? Are you considering leasing a green building? If so, you may be interested to know about a recent study in the journal Environmental Institute that indicates that building "green" doesn't necessarily mean building healthy. Indoor air pollution often isn't considered when taking buildings green for other purposes, yet it can lead to a range of health issues.
Real estate development in California is a lucrative and complex business. Like any business that involves heavy investment, developers generally tend to favor projects that have the greatest return on an investment, but this is not the only factor to consider. As one of the largest economies in the world, California faces a difficult balancing act between expanding the business capabilities of the state and her cities, while also providing housing to meet the needs of the ever-increasing population.