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The Fate of TPA Debated at the California Supreme Court

May 18, 2024
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Guest Author The California Supreme Court heard oral arguments on whether the Taxpayer Protection Act (TPA) should be on the November ballot. Ultimately, the Court will decide if California voters are sophisticated enough to vote on how they should be taxed.  Legal Updates Opponents, including the state, argued that the TPA is an unconstitutional “revision”…

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Navigating California’s Revised Budget: Implications for CRE 

May 15, 2024
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Guest Author The Governor’s revised budget proposal aims to close the $27.6 billion budget shortfall for the current fiscal year and the projected $28.4 billion deficit for the next year.  What You Need to Know California’s revised budget proposal aims to close massive deficits, but the cost-cutting measures could have significant ripple effects on the…

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Benchmark Report is Coming Back!

May 14, 2024
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The Operating Benchmark Report survey is coming back!
This comprehensive survey covers various operating expenses, such as utilities, maintenance, insurance, and taxes.
The survey opens for participation this month.

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City Aims to Use Performance Standards to Decarb Existing Buildings

May 13, 2024
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Assessment Roll 2021 Assessor Prang

Guest Author The City of Los Angeles is developing a new program focused on decarbonizing existing 20,000 Sq. Ft. residential and commercial buildings.   This program will be developed by LA’s Department of Building & Safety in alignment with the city’s Green New Deal and stems from an existing building decarbonization ordinance previously passed.  What You…

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CA CRE Alert: Significant Legislative Bills That Could Impact Your Business 

May 11, 2024
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Guest Author BOMA Cal is actively engaging in advocacy efforts in Sacramento, focusing on pivotal bills that could influence the commercial real estate sector. Read more about the priority bills here.  What You Need to Know   Bills Supporting Business Growth:  AB 2433 makes it easier to get building permits by offering different fee options and…

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Empowering Property Managers: Your Guide to Fire Life Safety Compliance 

May 7, 2024
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Don’t miss out on the ultimate guide to fire life safety compliance tailored specifically for property managers of commercial buildings!

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Mayor’s State of the City Highlights City’s Budget Woes

May 7, 2024
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Mayor Karen Bass recently delivered her second State of the City speech, in which she discussed the budget shortfall and increasing crime rates.

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Janitorial Bills Continue to Move

May 7, 2024
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Two high-cost janitorial bills continue to advance through the legislative process, with both now in the Assembly Appropriations Committee.
Assembly Bill 2374 expands requirements for displaced janitors, and Assembly Bill 2364 imposes production rate limits.
Both bills represent new costs for an industry still reeling from market uncertainty.
The impact of the tentative labor agreement on the bills remains to be seen.

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Glendale City Council Split on Taxes

May 2, 2024
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At the Glendale City Council’s first budget study session, the city council was presented with ideas for new taxes, including a transfer and parcel tax.
The other proposed taxes included a business license tax and a marijuana tax proposal.

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Retail Theft Initiative Has 900,000 Signatures

April 22, 2024
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Theft prevention lock cases in a retail store.

The Homelessness, Drug Addiction, and Theft Reduction Act claims they have the necessary signatures to be on the November ballot. 

The campaign coalition claims to have 900,000 signatures from voters. County and state officials will now go through the process of validating signatures.

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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.