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Long Beach & South Bay CRE News Roundup

Long Beach and the South Bay continue to be important centers for commercial real estate, investment, and business growth. Recent local government actions focused on housing, parking, economic development, transportation, and long-term planning efforts could affect property owners, tenants, and future investment.

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Commercial Permitting Reform Bill Advances in State Senate

BOMA/GLA Director of Government and Public Affairs Christopher Bowen testified before the Senate Judiciary Committee in support of AB 2418, our co-sponsored legislation to help streamline permitting for commercial tenant improvement projects. The bill once again received unanimous support, marking another major milestone in the legislative process.

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Navigate LADBS Approvals with Confidence

Don’t miss our upcoming educational event designed to help commercial real estate professionals understand current seismic requirements, navigate the retrofit process, and work more effectively with the Los Angeles Department of Building and Safety (LADBS).

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What Monterey Park’s Data Center Ban Means for Commercial Real Estate

Monterey Park voters recently approved a measure that permanently prohibits data center development within the city. While the measure was shaped by concerns over utility demand, infrastructure capacity, and compatibility with surrounding neighborhoods, it also highlights the increasingly complex factors cities are weighing when evaluating major commercial development proposals.

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LA Voters Decide Key Tax Measures

Los Angeles voters made several important decisions this month on tax measures that will shape the region’s fiscal landscape and reinforce why BOMA/GLA continues to monitor tax policy at every level of government.

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