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JONES DAY TALKS®: Tax Credits: The Original ESG Investment?
“We have represented several clients who are looking to acquire and reposition warehouse properties. Today, these properties are not being used for ‘logistics uses,’ the term used in AB 98. For example, one of our clients has...more
On September 29, Governor Newsom signed Assembly Bill 98, a bill establishing warehouse design and build standards for new or expanded “logistics uses”, requiring cities and counties to update their circulation elements to...more
Despite strenuous opposition from both the state’s real estate and business communities, near the end of the 2024 Legislative cycle, California Governor Gavin Newsom signed into law Assembly Bill 98 (“AB 98”) – a bill that,...more