Tomorrow marks a key legislative deadline - the last day for each house to pass bills introduced in that house. This year is critical one for our industry, with several priority bills of interest with the potential to have great impact on the commercial real estate industry.

In case you missed it: On Wednesday, industry sponsored bill AB 2433 (Quirk-Silva; D-Fullerton) passed on the Assembly floor with a bipartisan final vote of 67-0. AB 2433 streamlines the building permit process by implementing common sense reforms. Learn more by viewing Wednesday's announcement.

Our partners at The Center for Jobs and Economy have released their initial analysis of the April Employment Report from the California Employment Development Department. Employment numbers showed positive gains in April, but at relatively modest levels. In the first four months of 2024, job gains have averaged 10,600, better than the 2,300 average loss in the same period during 2023 but below the overall 20,800 average during pre-pandemic 2019.

Employment gains were also modest at 5,800 but were only the second positive posting since last June. Although unemployment also showed little change, California again showed the highest unemployment rate among the states and DC for the third month in a row.

Join us at the Segerstrom Center for the Arts, the dazzling new location for CBPA's Industry Awards Dinner! You'll be taken on a guided tour prior to the start of the event and will catch up with peers over bites and beverages.

Next, you'll be treated to our refreshed event program as we honor deserving individuals and organizations - including some exciting new award categories. Save the date for November 7th!