Legislation
New Culver City Parcel Tax Measure Heads to November Ballot
The Culver City City Council has voted to place a new parcel tax measure to support public schools on the November ballot. If approved by voters, it could significantly increase costs for commercial property owners. The measure would apply a $0.48 per building square foot annual parcel tax on all real estate parcels, including commercial properties, for the next 10 years.
Read MorePasadena Fire Parcel Tax Proposal Raises New Concerns for CRE
The Pasadena City Council has voted to place a $22.1 million annual fire parcel tax measure on the November 3, 2026 ballot. If approved by voters, the measure would charge property owners 19 cents per square foot each year to fund fire services.
Read MoreCalifornia’s Film Industry Is Growing Again!
California’s expanded Film and Television Tax Credit Program is already making a major impact. State officials recently announced that the program’s first year is expected to generate a record-breaking $6.6 billion in economic activity and support nearly 35,000 jobs across California. For our members, this is more than entertainment news. It is a sign that one of Southern California’s most important industries is growing again and that growth could bring new opportunities for commercial real estate.
Read MoreCalifornia Approves $351.7 Billion State Budget
California lawmakers have approved a new $351.7 billion state budget for Fiscal Year 2026-27, making it one of the largest budgets in state history. Governor Gavin Newsom has since signed the spending plan, which includes new investments in housing, homelessness programs, infrastructure, and climate initiatives while also increasing certain taxes and limiting some business tax benefits.
Read MoreWhat Proposition 43 Means for Commercial Real Estate and Measure ULA
A major statewide effort to reform local taxes has taken a turn, and it could have long-term impacts on commercial real estate in Los Angeles.
Read MoreWhat Los Angeles’ ULA Decision Means
On July 1, the Los Angeles City Council voted unanimously to remove a proposed ballot measure that would have temporarily exempted newly constructed multifamily and mixed-use residential projects from Measure ULA during their first ten years. As a result, there will be no Measure ULA reform measure before voters this November.
Read MoreLong 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.
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