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BOMA/GLA Members Take CRE Priorities to the State Capitol

The highlight of the Summit was the chance for BOMA/GLA members to share their lived experiences as industry professionals with their elected representatives. These perspectives help shape the policies that affect how we manage properties, support tenants, and strengthen California’s economy.

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LA City Council Approves $30 Minimum Wage for Tourism Workers — Ballot Battle Heats Up  

vacancy tax city hall

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.

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