Hollywood 4WRD to Host Panel on Measure ULA’s Impact
The nonprofit Hollywood 4WRD is hosting a discussion on Measure ULA and its effect on Los Angeles housing and development.
Given ongoing concerns about how this tax discourages investment, delays transactions, and hinders development across Los Angeles, this discussion is especially relevant for our members.
What You Need to Know
On Wednesday, October 29, from 4–6:30 PM, Hollywood 4WRD will host “ULA: 3 Years In” at the Barnsdall Gallery Theatre.
The panel will feature:
- Joe Donlin from United to House LA
- Greg Good formerly with the LA Housing Department
- Nella McOsker with Central City Association of Los Angeles
- Shane Phillips from UCLA Lewis Center for Regional Policy Studies
- Zerita Jones with ULA Citizens Oversight Committee
- Moderated by Roderick Hall from APA - Los Angeles
Tickets are $20 for general admission and free for H4WRD members. Register here.
While advertised as a “Mansion Tax” for luxury homes, the measure also affects commercial, industrial, and multifamily properties. It adds a 4% tax on property sales between $5 million and $10 million, and 5.5% on sales over $10 million.
A UCLA report shows a 30–50% drop in property transactions across these sectors since the tax was implemented, raising concerns about its broader economic impacts on Los Angeles.
How It Impacts You
Since its passage in 2022, the ULA tax has raised significant concerns in the commercial real estate sector, affecting property transactions and development feasibility across Los Angeles.
This event presents a key chance for BOMA/GLA members—property managers, asset managers, and service providers—to ensure the perspective of commercial real estate is represented in ongoing discussions about how ULA is implemented and refined.
A stronger CRE presence can help shape a more balanced understanding of ULA’s real-world impacts on investment, development, and job creation in Los Angeles.
