In the past few months, community organizers and activists brought the topic of police brutality to the forefront of our national conversation. As such, large cities like Los Angeles have been forced to reconsider their approach to policing. Notably, Los Angeles voted to cut $150 million from the LAPD budget, while introducing a new …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.
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 …Read More
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.Read More
Since the start of the COVID-19 pandemic, city officials have been looking at ways to re-think their approach to public transportation platforms. Now, dedicated bus lanes and bike lanes have officially opened in Downtown Los Angeles. To be sure, these lanes seek to prioritize the public right of way over private transportation.Read More
For the Spotlight Series, BOMA/GLA would like to highlight the incredible work done by Long Beach Councilwoman Stacy Mungo. Currently serving the 5th District, Councilwoman Mungo has pursued many unprecedented initiatives to advance the prospects of her district.Read More
Due to public pressure regarding police practices, Mayor Eric Garcetti recently announced the establishment of a new Community Safety Partnership (CSP) Bureau within the Los Angeles Police Department. Uniquely, the CSP program seeks to reimagine the role of law enforcement in the community. Specifically, CSP places specially-trained officers in …Read More
Last April, we surveyed managers about their response to mandatory cleaning protocols and social distancing requirements due to the coronavirus pandemic. Now in the heart of summer, we inquired about a different set of concerns: changes in tenants’ habits, rental income and …Read More
In conversations with 10 property managers throughout LA County, there is strong evidence that the commercial real estate industry is rapidly adapting to the Coronavirus epidemic. In this article, we’ll explore the accounts …Read More
The Los Angeles City Council has studied the feasibility of vacancy taxes to reduce empty properties. In effect, this tax would create punishments and taxes despite many owners who are genuinely attempting to sell their space. Though, as seen in other cities, a fee with the intent to punish property owners will have a host of other effects that will undermine the ability for property owners to do business.Read More