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New Culver City Parcel Tax Measure Heads to November Ballot

Culver City

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.

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What Los Angeles’ ULA Decision Means

Split Roll tax

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.

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Long 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.

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What 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.

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LA 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.

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