Legislation
AB 380 Advances: State Assembly Passes Commercial Rent Control Bill
The state legislature is now advancing Assembly Bill 380—a measure that threatens to undermine the very recovery efforts we’ve worked so hard to achieve. Unfortunately, the bill passed the Assembly this week. If it becomes law, it would effectively legalize commercial rent control during any declared state of emergency.
Read MoreNewsom’s Budget Snub of Prop 36 Raises Concerns Over Retail Crime and Property Management
Prop 36, which voters strongly supported last year, boosts penalties for repeat retail theft and fentanyl dealers and requires drug treatment for some nonviolent drug offenders. Even though law enforcement and the state’s attorney general want funding for Prop 36, Newsom’s budget doesn’t include any.
Read MoreSB 789 Vacancy Reporting Mandate Defeated
SB 789 has been defeated in the Senate Appropriations Committee.
Read MoreFilm-Friendly LA: What Mayor Bass’s Executive Order Means for CRE Professionals
Los Angeles Mayor Karen Bass has signed an executive order to make it easier and cheaper to film in the city. The goal is to keep entertainment jobs in LA and support the local film and TV industry.
Read MoreWhat LA’s Revised Budget Means for Public Safety and City Services Near Your PropertiesÂ
The Los Angeles City Council approved a revised $13.95 billion budget that avoids the deepest job cuts but still reduces funding for key city services, especially public safety.
Read MoreLA City Council Advances $30 Minimum Wage for Tourism WorkersÂ
Despite concerns over economic impacts, the LA City Council voted last year to begin drafting an ordinance to raise the minimum wage for airport and hotel workers to $30 by 2028. This week, the council advanced the proposal in a 12–3 vote, with a final vote expected next week.
Read MoreBack in Action: Lithium-Ion Battery Safety Bill Gains Momentum in Congress
The Setting Consumer Standards for Lithium-Ion Batteries Act (H.R. 973) is back for another legislative session. It recently passed the U.S. House with a bipartisan majority vote.
Read MoreHollywood/Wilshire Regional Council Showcases Entertainment Industry’s Role in Local CREÂ
The Hollywood/Wilshire Regional Council hosted a panel discussion on the importance of the entertainment industry for commercial real estate in the greater Hollywood area.
Read MoreWestside CRE Watch: From Santa Monica Self-Certification to SB 789
Over a dozen Westside Regional BOMA/GLA members gathered at Tishman Spyer’s Zo Lounge (special thanks to our friends Amal Higier and Frank Gaugler for the space) in beautiful Beverly Hills for a Happy Hour and information sharing session update on the state of commercial real estate on the westside.
Read MoreUnderstanding Measure G’s Implementation in Los Angeles CountyÂ
Approved by voters in November 2024, Measure G brings major changes aimed at improving representation, transparency, and accountability in LA County government.
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