W
arehouse developers in the Inland Empire are closely monitoring Assembly Bill 98, signed into law by Gov. Gavin Newsom, which sets requirements for new warehouse locations, including setbacks from homes and schools. The law may impact construction in Riverside and San Bernardino counties, as well as benefit less developed desert regions. The legislation was introduced late in the legislative session, leaving little time for industry input. Developers with approved building sites may see increased value as constructing new projects becomes more challenging. The bill has sparked opposition from commercial real estate groups, who plan to introduce opposing legislation in Sacramento.
realestate
Developers eye Inland Empire's outskirts for warehouse space due to rising land costs
Impact of Assembly Bill 98 on Warehouse Development in Inland Empire
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realestate
Brown & Riding Names New Real Estate Practice Head
Veteran leader with industry expertise and regional insight
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realestate
LA's affluent neighborhoods face gentrification threat from investors
Fires may exacerbate LA's affordability crisis, pricing out low-income residents and making the area exclusive to the wealthy.
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realestate
Maine's Housing Market Surprises with Resilience
Maine's Real Estate Market Begins to Balance After Years of Low Inventory and High Prices.