Customers Including Commercial Users to Pay Into $21 Billion Fund for Utility Liabilities California Gov. Gavin Newsom has signed into law legislation creating a user-backed fund to help utilities pay for damage caused by wildfires, after blazes sparked by faulty electric utility lines and equipment caused extensive damage to commercial and residential properties in the state during the past year. Passed as Assembly Bill 1054, the measure aims to provide investor-owned utilit

Warehouse development on the West Coast is at its highest level in decades. A new report from CBRE shows there is currently 57.7 million square feet of warehouse development in eight top West Coast markets. The activity accounts for 40% of total warehouse development among the top 20 industrial markets in the country. Ecommerce—including retailers, wholesalers and third-party logistics companies—are driving the increased demand for warehouse space. Among all of this developme