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2024 Operating Benchmark Report is Now Available 

2024 Operating Benchmark Report is Now Available  Budgeting, Building Services, Market Trends We’re excited to announce that the 2024 Operating Benchmark Report is now available!  For the second year in a row, taxes and insurance are the top building expenses.   What You Need to Know This comprehensive report covers a wide range of operating expenses,…

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Metro Creates Its Own Law Enforcement Agency 

Metro Creates Its Own Law Enforcement Agency  Local Legislation, Public Safety The Los Angeles Metro board has unanimously voted to create its own transit law enforcement agency.   What You Need to Know This unanimous vote marks a shift in how Metro aims to protect Los Angeles County’s public transit riders and employees.   It has previously…

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California Voters to Decide on Ten Statewide Measures 

state legislative priorities

California Voters to Decide on Ten Statewide Measures  State Legislation Californians will face 10 statewide propositions on the November 2024 ballot. The propositions cover topics from education and climate change to criminal justice reform and rent control.   Other proposed ballot measures either did not secure enough signatures or were removed through negotiation or court order.…

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Potential Expansion of LA County Board of Supervisors  

Potential Expansion of LA County Board of Supervisors   Legal, Local Legislation The Los Angeles County Board of Supervisors has approved creating an ordinance, that if approved by voters it would increase the number of supervisors from five to nine.   Each supervisor currently represents about 2 million people. The expansion would reduce this to about…

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CRE Alert: Fate of the BOMA Cal Top 8    

CRE Alert: Fate of the BOMA Cal Top 8     State Legislation We wanted to provide you with an update on the fate of BOMA California’s Top 8 priority bills. Keep in mind that the legislature is in summer recess and upon return more bills fate will be decided.   What You Need to Know   Bills…

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Navigate the Reformed Private Attorneys General Act 

governor newsom

Navigate the Reformed Private Attorneys General Act  Legislation, State Legislation Governor Gavin Newsom has just signed Assembly Bill 2288 and Senate Bill 92. This reform to the Private Attorneys General Act (PAGA) affects how California labor code violations are addressed.  The law is a compromise reached between labor, the legislature, and business organizations looking to…

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Empowering Property Managers: Your Guide to Strategic PropTech Investments 

Empowering Property Managers: Your Guide to Strategic PropTech Investments  EV Charging Station, Property Management, Security, Technology Are you ready to future-proof your property and stay ahead of the curve in 2025 and beyond? Join us for “Future-Proofing Your Property: Budgeting for PropTech Advancements in 2025 and Beyond,” an essential seminar for commercial real estate professionals.…

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Navigating the New Workplace Violence Prevention Mandate  

Shared Workspace Future

Navigating the New Workplace Violence Prevention Mandate   State Legislation California’s new law against workplace violence goes into effect July 1st, 2024.    Senate Bill 553, now incorporated into the California Labor Code, requires that all employers in California create a Workplace Violence Prevention Plan (WVPP).  What You Need to Know Key Points:  A WVPP can…

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California Supreme Court Removes Taxpayer Protection Act from the November Ballot 

California Supreme Court Removes Taxpayer Protection Act from the November Ballot  State Legislation, Taxes The California Supreme Court voted to remove the Taxpayer Protection and Government Accountability Act (TPA) from the November ballot.   TPA aimed to reinstate the two-thirds majority vote requirement for new taxes and grant voters the authority to approve or reject new…

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