Legislation
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.
Read MoreCommercial 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.
Read MoreWhat 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.
Read MorePasadena Continues Advancing Transit-Oriented Development Strategy
As cities across California implement state housing mandates, Pasadena continues positioning itself as a leader in transit-oriented development-creating new opportunities and long-term considerations for commercial real estate.
Read MoreLA 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.
Read MoreCulver City Invests in Business Attraction and Retention
Earlier this month, the Culver City City Council approved an agreement with the Culver City Chamber of Commerce to support business attraction, business retention, and economic development efforts throughout the city.
Read MoreSanta Monica Advances Economic Revitalization Strategy
The Santa Monica City Council recently approved a series of economic revitalization measures aimed at supporting local businesses, activating commercial corridors, and encouraging investment throughout the city.
Read MoreWhat’s Next for Measure ULA? Voters May Decide in November
The Los Angeles City Council committee reviewing potential Measure ULA reforms recently decided not to recommend changes to the tax for the November ballot. With the City’s review now complete, attention is turning to the November election and the proposed Taxpayer Protection Act. Throughout the process, BOMA/GLA members helped ensure commercial real estate perspectives were heard through surveys, town halls, and meetings with elected officials.
Read MoreSanta Monica Mayor Discusses Self-Certification and CRE Recovery
Santa Monica Mayor Discusses Self-Certification and CRE Recovery Local Legislation, Permitting Our members recently met with Santa Monica Mayor Caroline Torosis to discuss the city’s new self-certification program, economic recovery efforts, and priorities impacting the commercial real estate industry. The discussion provided an opportunity for members to hear directly from city leadership while sharing their…
Read MoreMember Voices Help Move Commercial Permitting Reform Forward
We’ve heard stories of tenant improvements waiting months for approvals, building upgrades getting delayed, and projects becoming more expensive because of unpredictable permitting timelines. Those member experiences help shape our advocacy priorities—and this past week, they helped drive an important win. AB 2418, a commercial permitting reform bill authored by Assemblymember Mark Gonzalez, recently passed the California State Assembly with unanimous support and now moves to the State Senate for consideration.
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