Local Legislation
What 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 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 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 MoreThis Culver City Decision Could Reshape Local CRE Development
Culver City just approved changes that allow more density and mixed-use development near transit, including updates to the Hayden Tract Specific Plan. While this is being driven by housing policy, it matters to our members because it will change how commercial space is developed, leased, and operated moving forward.
Read MoreCity Council Approves Measures to Simplify Film Permitting in L.A.
Los Angeles leaders are taking new steps to make it easier to film in the city, aiming to address a sharp decline in local production and the economic ripple effects it has across the region. For commercial real estate professionals, these efforts matter because film and television production directly drives demand for office space, staging areas, support services, and activity in surrounding business districts.
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