There is no question that homelessness is one of California’s most overwhelming and difficult problems to solve. With more than 70,000 individuals in the County suffering from some form of homelessness, comprehensive housing is essential. While recent events are paving the way for more housing …Read More
The best way to describe what is going on with Split Roll was given by previous California Governor Jerry Brown: “Messing with Prop 13 is a big, fat loser.” Despite this, Prop 13 protections for commercial property owners will be challenged this November. Officially known as Prop 15, Split Roll is …Read More
BOMA/GLA would like to introduce an exemplary candidate for the Los Angeles City Council District 10, Mark Ridley-Thomas. Having served in public office for close to 30 years, Ridley-Thomas has a proven track record that Angelenos can trust. He is currently termed out as a Los Angeles County Supervisor but desires to continue his influence in LA.Read More
It seems as if California won’t vote any direction other than Democratic. It has even been dubbed the most reliably blue state in the Electoral College.
This is important to commercial real estate because the party in power determines the Legislature’s agenda. The current Legislature is considering bills jeopardizing dual-agency, tackling homelessness, reforming CEQA, and…
In a last minute effort, the Los Angeles County Fire Department (LACFD) added a parcel tax to the Board of Supervisors that was voted on after only a few months of life. With minimal public input, the ballot measure failed.
Along with other parcel taxes, this would have cost building owners thousands a year.
California historically has had significant issues regarding overcrowding in the prison system. In 2011, the state was ordered by a federal court to reduce its prison population to 137.5% capacity or have mandatory release of prisoners.Read More
Building owners throughout the state are required to submit periodic reports regarding their energy and water consumption. Due to the COVID-19 pandemic, the state is considering a postponement while the City of Los Angeles has officially suspended the deadlines.Read More
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.
Under the current local and state emergency orders, building owners are working closely with tenants to maintain the status quo of a clean and habitable space and continuation of lease payments. However, some tenants may claim “force majeure”, “frustration of purpose”, or “impossibility”, causing them to seek rent deferral or abatement.Read More