President Trump has shaken up trade talks by sending sudden tariff letters to countries and posting new terms on social media without warning. For commercial real estate professionals, the growing trade instability could raise costs and disrupt tenants, especially those with global supply chains.
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Federal funding cuts are starting to affect important city programs in Long Beach, like public safety, housing, and infrastructure. For commercial real estate professionals, this could mean changes in services and impact the neighborhoods around your properties.
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Artificial intelligence is changing how commercial buildings are valued, leased, insured, and upgraded. For property managers and service providers, it means quicker decisions, smoother operations, and better ways to prepare for the future. Check out BOMA/GLA’s upcoming policy briefing discussing AI.
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Los Angeles County has a new leader for its Department of Homeless Services and Housing. For the CRE industry, this could lead to clearer processes, better coordination, and more chances to work with the county on homelessness issues near properties.
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Measure ULA (LA transfer tax) ended up slowing property sales, driving away investment, and raising less money than expected. AB 698 would help prevent this in other cities by requiring a public report before any new transfer tax is proposed, making sure decisions are based on facts and real impacts.
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The City of Los Angeles’ new Adaptive Reuse Ordinance is taking effect this year, bringing major changes for commercial real estate. Our BOMA/GLA advocacy team has been engaging directly with Mayor Karen Bass’s staff and advocating for our members on multiple issues.
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As California cities move toward zero-emission transportation, West Hollywood is updating its land use rules for commercial areas. The West Hollywood City Council is set to vote on a new rule allowing EV charging sites and stations as a main use in certain commercial areas.
This change could create new opportunities for property owners and managers to update or better use their spaces.
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Hollywood 2.0 (H2.0), a local mental health pilot program, has released its third annual report. With expanded housing, stronger partnerships, and improved services for people in need, the program is making a growing impact in the community. It’s also helping to create a safer, more stable environment for the CRE industry in Hollywood.
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Governor Gavin Newsom has signed the state budget that promises to invest in housing, education, health care, and public safety.
This budget includes key changes that could impact how the CRE industry plans, operates, and invests.
AB 649 aims to update California’s disability access laws and the Small Business Right to Cure Program. While intended to support compliance, recent changes could backfire—creating more legal risk, more paperwork, and fewer protections.
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Opinions expressed in this article are those of the author and do not necessarily represent the positions of BOMA Greater Los Angeles. For media inquiries and questions about BOMA/GLA's policy positions, please email [email protected]. You can also find additional information about our policy positions on our website.