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Long Beach Considers Transfer Tax to Shore Up Revenue

June 10, 2024
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This week, the Long Beach City Council will be presented with revenue options to compensate for declining oil tax revenues. A transfer tax proposal modeled on Measure ULA is among the revenue options on the menu.

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New CALGreen Requirements for EV Charging Infrastructure in Commercial Buildings 

June 10, 2024
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electric charging stations

Guest Author Starting July 1, 2024, the California Green Building Code (CALGreen) requires commercial buildings to have EV charging infrastructure installed when doing certain construction projects.   At our July 11th Codes and Regulations meeting, we will be going in-depth on what you need to know about this code update.   What You Need to Know If…

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LA Budget Impacts on CRE

June 7, 2024
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Guest Author Los Angeles Mayor Karen Bass and the City Council recently approved a $12.8 billion budget for the 2024-2025 fiscal year.   Budget cuts affecting staffing might lead to delays in permitting and inspections for commercial real estate projects, which could also affect security measures.  What You Need to Know The budget is reducing 1,700…

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BOMA International Fights for Federal Support of CRE Friendly Policies 

June 4, 2024
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American Rescue Plan

Guest Author BOMA International fights for laws and policies that help the U.S. commercial real estate industry at the federal level.   Here’s how they’re working for you:  Disaster Readiness: They support the PREPARE Act (HR 2966). This bill would offer affordable loans to small businesses so they can prepare for disasters. By getting ready beforehand,…

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Benchmark Report Survey Deadline Extended!

June 4, 2024
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The Operating Benchmark Report survey deadline is extended to June 14th.

This comprehensive survey covers various operating expenses, such as utilities, maintenance, insurance, and taxes.

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LA Metro Responds to Rise in Crime 

May 31, 2024
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Guest Author A pilot program in North Hollywood is testing new ideas for LA Metro to invest in, while the Metro Board votes to boost security on their transit lines.  The system will begin testing a “Tap to Exit” program requiring riders to verify their paid fare as they leave the system.   A recent report…

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CRE Alert: Fate of the BOMA Cal Top 8    

May 28, 2024
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Guest Author The first legislative deadline of the season has passed, and we wanted to provide you with an update on the fate of BOMA California’s Top 8 priority bills.   What You Need to Know   Bills Supporting Business Growth:   AB 2433 Streamlines building permit processes with new fee options and private professionals’ help. [PASSED…

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Two Adaptive Reuse Bills Pass California Assembly  

May 28, 2024
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state legislative priorities

Downtown Assemblymember Miguel Santiago has proposed two bills, Assembly Bill 2909 and Assembly Bill 2910, to make adaptive reuse projects easier.

With the changing nature of work post-pandemic, there is a need for building owners to have greater flexibility with the use of their buildings. Office utilization has changed at the same time our state is experiencing a housing crisis.

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BOMA/GLA Board Endorses Retail Theft Initiative

May 28, 2024
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Theft prevention lock cases in a retail store.

At this month’s board meeting, the BOMA/GLA Board of Directors endorsed the Homelessness, Drug Addiction, and Theft Reduction Act.

Addressing retail theft and drug addiction is important to restoring a sense of safety around our buildings and in our communities.

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AB 2433 Passes Assembly 

May 24, 2024
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governor newsom

Guest Author Assembly Bill 2433, a bill that would speed up the plan check process for many projects, cleared the Assembly this week.   Assemblywoman Quirk-Silva is quoted as saying “By making permitting more efficient, we can both save money and support our communities and businesses, creating an opportunity to make tangible improvements in the…

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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.