Legislation
Northeast CRE Leaders Gather for Networking and Local Development Updates
Last night, over 25 of our members came together for a lively happy hour at Media Studios in Burbank. Where they were able to enjoy drinks, laughs, and valuable updates from the Economic Development Department of Burbank and the Community Development Department of Glendale.
Read MoreLA City Council Approves $30 Minimum Wage for Tourism Workers — Ballot Battle Heats Up Â
Despite concerns over economic impacts, the LA City Council voted to raise the minimum wage for airport and hotel workers to $30 an hour by 2028.
This change will directly affect hotels, airports, and related service providers — key tenants and partners for many in commercial real estate. Higher operating costs could impact leasing, service contracts, and tourism-driven property revenue, especially as the city prepares for major events like the Olympics.
Read MoreLong Beach’s $3.7 Billion Budget: Key Takeaways for Commercial Real EstateÂ
The City of Long Beach’s 2026 proposed budget of $3.7 billion targets key areas like public safety, housing, infrastructure, and economic growth—which could directly affect your properties and businesses.
Read MoreWhat the CRE Industry Should Know About the One Big Beautiful Bill ActÂ
President Trump signed the One Big Beautiful Bill Act (OBBBA) into law, bringing a range of tax breaks and opportunities that can benefit the CRE industry.
Benefits include lowering the cost of making building improvements, freeing up cash for operations, and protecting key tax tools that support long-term investment.
Read MoreHow Cutting Energy Star’s Portfolio Manager Could Risk CRE Compliance and Increase CostsÂ
CRE industry experts warn that cutting or privatizing Energy Star’s Portfolio Manager tool could make it harder to meet energy rules and raise costs for building owners.
Read MoreLA County Moves to Streamline Film Permits, Opening Doors for CRE GrowthÂ
The LA County Board of Supervisors just approved a plan to speed up film permits and grow the industry, which could mean more filming, tenants, and investment for local commercial properties.
Read MoreBOMA/GLA Members Meet with DA Hochman on Prop 36’s ImpactÂ
In a powerful show of engagement, nearly 20 BOMA/GLA members sat down with newly elected LA District Attorney Nathan Hochman to discuss Proposition 36.
Read MoreClean LA Buildings Ordinance: What Commercial Property Managers Need to Know About Proposed New Retroactive RulesÂ
The Los Angeles City Council’s Clean LA Buildings ordinance, effective in 2023, may soon be applied retroactively to require some buildings permitted before 2023 to meet all-electric standards.
Read MoreHow California’s $750M Film Tax Credit Boost Can Benefit the CRE IndustryÂ
California has voted to keep film and TV production local by expanding its tax credit program to $750 million. For the CRE industry, that means a potential boost in demand for studio space, office rentals, and production-related services across Greater Los Angeles.
Read MoreHow Sudden Trade Tariffs Could Disrupt the CRE Industry
President Trump has shaken up trade talks by sending sudden tariff letters to countries and posting new terms on social media without warning. For commercial real estate professionals, the growing trade instability could raise costs and disrupt tenants, especially those with global supply chains.
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