California’s commercial property investment was dealt a major blow by the global COVID-19 pandemic, though one class was a glaring exception. Industrial development grew in leaps and bounds, perhaps best exemplified in Southern California by enterprises in the Inland Empire region. Yet, a new California law that went into effect on January 1 is threatening to upend that growth if a delicate balance can’t be found in time. It’s called the Planning Logistics and Neighborhood Standards Act. And it pits the state’s housing crisis in direct opposition to its industrial development. A Law to Combat “Industrial Sprawl” Photo credit: Envato When the Planning Logistics and Neighborhood Standards Act was first pitched, its overarching goal was straightforward enough. It would be used to address the aggressive industrial development of the region encroaching on suburban residential areas, a phenomenon known as industrial sprawl. But now that the law is...