It’s no surprise that Californians are leaving the state in record numbers. Due to rising rent, cost of living, and taxes, California is becoming less affordable for many Americans. Despite this, legislators are supporting Proposition 15, a ballot measure that would create higher …
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California stands out in the US as a highly desirable place to live. However, the cost of living is anything but desirable.
In 2019, Los Angeles was voted by the Economic Intelligence Unit to be the tenth most expensive city to live in. Five years before the city was tied with New York City for 39th. California’s growth is producing higher wages and new industries, but those opportunities come with a hefty price tag.
In November, voters will decide a $7 billion bond measure to pay for continued modernization projects in the Los Angeles Unified School District. The measure proposes to use general obligation bonds to build new classrooms, and repair and improve existing classrooms to meet the technology needs of students. It would not increase property taxes but continue the existing tax rate …
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As we’ve highlighted on our site, Proposition 15 will do much to hurt businesses and families across California. With that being said, more attention should be focused on how Proposition 15 will not do much to help schools and classrooms. In fact, while special interests are using Proposition 15 in the name of school improvement, it will mainly prioritize administrative costs …
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Every day, we hear that 5G is coming and will change our lives. But what exactly is 5G, and how will it impact commercial real estate? 5G is the fifth generation of cellular networks and is expected to be one of the fastest wireless technologies ever created. With speeds of up to 100 gigabits per second, 5G is set to be …
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Fire testing is an essential component of building maintenance and operations. Without annual checkups, commercial property owners risk being unprepared for any unforeseen fire emergencies. However, there is still relative confusion about best fire testing practices amid social distancing and the COVID-19 pandemic. To this end, we’d like to communicate important protocols to take when…
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Californians are no stranger to high monthly utility bills. With our infamous hot and dry summer days, we depend on air conditioning to keep cool during our long summer season. Without a doubt, these hot weather conditions add much to our monthly expenses and contribute heavily to climate change. Surprisingly, if voters approve Proposition 15 …
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The past year has been a challenging one. To be sure, the COVID-19 pandemic has ushered in an unprecedented moment in history, with many economies hit hard by government restrictions. During these times, property owners and businesses have also been thrown into the unknown. Fortunately, our Government and Public Affairs department …
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Over the past two years, the future of shared workspaces seemed dark and at a dead end. With demand for coworking space at an all-time low and with COVID-19 creating a transition to remote working, it felt like major companies like WeWork were quickly losing relevance. However, recent events prove that the shared workspace industry is still alive, and has so much potential for innovation and growth.
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In the conversation regarding Proposition 15, most people pay attention to how a Split Roll tax regime would raise property taxes and hurt businesses in California. While the economic impacts of Prop. 15 are important to note, more attention needs to be placed on how Split Roll will affect families and important government services. Namely, Proposition 15 will increase basic costs while reducing available revenue for government programs.
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