California Losing Another Sweet Corporate Giant

“Historically, many companies will move for incentives,” in much the same way that historically if chocolate is in any way available, people nearby will choose to eat it.

And Nestlé USA, the maker of such well-known products as Toll House cookies, Butterfinger candy bars, Lean Cuisine dinners and Hot Pockets, is relocating its U.S. headquarters from Glendale to Rosslyn, Virginia, a move that will take away about 1,200 jobs by the time it’s over.

California has been on quite a losing streak with large companies of late already losing the corporate headquarters of Nissan, Carl’s Jr., Broadcom Corp., Toyota and Occidental Petroleum. Gov. Mike Huckabee even chimed in saying that Nestle USA is leaving California “because of the state’s high tax, high regulation ‘progressive leadership.’”

Yet, even with losses like this one, the Winter/Spring 2017 Allen Matkins/UCLA Anderson Forecast Commercial Real Estate Survey confirms no real changes in the outlook for commercial space, which is now classified as “relatively good.”  (gotta love that in-depth research!)

Incentives aside, California leads the league in another thing affecting businesses of all sizes — litigation. Disputes which many lawyers feel can ONLY be decided in court. This isn’t always the case and if you’re looking for a lawyer who will shoot straight and resolve your matter with YOUR best interests in mind, call on Dean Sperling who handles landlord/tenant, unlawful detainer, business/contract issues and litigation as well as some collections work.

California losing our biggest companies can leave all of us with a sour taste in our mouths, but getting YOUR legal matters resolved quickly and efficiently is always pretty sweet.

More on the case:

Nestle USA to move headquarters from Glendale to Virginia, affecting 1,200 jobs

California Commercial Real Estate Unchanged Following Election, Says Allen Matkins/UCLA Anderson Forecast California CRE Survey