The numbers no longer pencil out like they used to. Once seen as a golden opportunity for passive income, short-term rental properties are now facing mounting pressure from every direction. The most recent hit? California Senate Bill 584 (SB 584), the Laborforce Housing Financing Act, which imposes a new 15% state tax on short-term rentals, went...Read More
In California, Senate Bills 721 and 326 represent transformative legislation aimed at reinforcing safety and structural integrity in multi-family and condominium properties. While these laws were enacted in response to a tragic incident, they also provide a crucial compliance pathway to protect building owners and homeowners associations (HOAs) from insurance cancellation, liability exposure, and financial penalties. The Berkeley...Read More
Closet World CEO Frank Melkonian requested approval for 44 units plus retail Apartments are poised to replace a low-slung commercial building in Van Nuys. Frank Melkonian, the CEO of Closet World, submitted an application to the Los Angeles Department of City Planning via Victory View LLC, Urbanize Los Angeles reported. The plans call for redeveloping an...Read More
Maher Commercial Realty, led by Oron Maher and Arian Zerehi, continues to lead California’s specialized investment sales market for gas stations and car washes. With 50+ locations sold, we offer unmatched expertise in navigating oil company approvals, environmental due diligence, and creative deal structuring. Our network of all-cash, pre-approved buyers (Chevron, Shell, Mobil, ARCO) ensures smooth, swift closings with minimal contingencies....Read More
Costco members have many reasons to visit the bulk retailer: For some, it’s saving money by buying large quantities. For others, it’s the cult-favorite hot dogs. And plenty of people love it for the affordable Kirkland-brand gas at locations that have an accompanying gas station. According to the Orange County Register, Costco will soon debut its first stand-alone gas station...Read More
Executive Summary The U.S. car wash and auto detailing industry is a significant and evolving segment of the automotive services market. As of 2024 it comprises tens of thousands of small businesses nationwide, generating on the order of $14–15 billion in annual revenue and employing nearly 200,000 workers across the country. The industry’s growth trajectory...Read More
that becomes widely adopted begins a trend. It’s no surprise that in an increasingly digital world, streamlining or simplifying spurs a great deal of change. The car wash industry is no exception. What’s a recent development? “I think one big trend is to the subscription-based model,” says Jeff Theis, co-founder, president, and CEO of ProPulse—a Schieffer...Read More
Over the last year, two California oil refineries, Phillips 66 in Los Angeles and Valero in Benicia, have announced their plans to shut down. These unexpected closures add urgency to the process of planning for an orderly transition from gasoline to renewable electricity as California’s primary transportation fuel. This week, the California Energy Commission announced its...Read More
Sacramento, CA – The California Fuels and Convenience Alliance (CFCA) is urging the Legislature to take immediate action to prevent a fuel supply and affordability crisis tied to the January 1, 2026, deadline to remove all single-walled underground storage tanks (USTs). While CFCA supports the transition to safer double-walled tanks, the current enforcement approach fails to account...Read More
What you need to know:The California Air Resources Board (CARB) today announced that theupdated Low Carbon Fuel Standard (LCFS) regulation will take effectbeginning in July. The LCFS benefits public health, increases funding for electric vehicle (EV) charging, and saves Californians billions of dollars. SACRAMENTO – CARB today announced that the implementation of California’s amended LCFS will begin on July 1, 2025, following approval by the Office of Administrative Law. The amended regulation...Read More
