Legislation
LA County Lifts Indoor Mask Mandate for Vaccinated Individuals
After COVID-19 and omicron cases have plummeted, Los Angeles County announced last week on Friday that it would officially lift its indoor mask mandate for vaccinated individuals. This comes after nearly two years of mask mandates …
Read MoreBOMA Advances Key Policy Priorities on Capitol Hill
At this year’s National Issues Conference, BOMA advocates from across the country met with dozens of members of congress to discuss issues impacting the commercial real estate industry. The 2022 policy priorities advanced on Capitol Hill were BOMA International’s …
Read MoreNew Real Estate Transfer Tax is Another Misguided Response to the Homelessness Crisis
Among one of the most high-profile election cycles in recent memory, voters could also take up a controversial tax hike, which could cost property owners upwards of $8 billion. The tax would add another real estate transfer tax …
Read MoreAfter LA County Ends its Commercial Eviction Moratorium, LA City Moves in the Opposite Direction
Following two years of orders, the Los Angeles County Board of Supervisors moved to end the eviction moratorium on commercial tenants. This was a huge victory for commercial landlords and businesses that have endured economic hardships amid these moratorium orders. After commercial landlords originally struggled through the commercial eviction moratorium with no end in sight, the commercial eviction moratorium officially expired on …
Read MoreCalifornia’s New Annual Budget Shows Promise for CRE
After almost two years of economic shutdowns, California State Budget is healthy and generating historic surpluses. Governor Newsom released his proposed budget for 2022-2023 on Monday and the Department of Finance followed up with a summary on everything included. California now has …
Read MoreICYMI: Amid Another Statewide Order, LA County Requires Workers to Wear Medical Grade Masks
Following a notable surge in COVID-19 cases and the spread of the highly infectious Omicron variant, LA County moved to require a stricter mask mandate for all county employees. This is in tandem with California’s decision to extend its own statewide mask mandate for indoor …
Read More3 Grocery Stores to Shut Down after City Council approves Hazard Pay Ordinance
After the City voted to approve a mandatory $5 hazard pay ordinance for grocery and retail businesses on March 3rd, 3 major LA grocery stores announced that they will be forced to shut down. Councilmember John Lee, who voted to reject the …
Read MoreBOMA/GLA Opposes Proposition 15, California’s Split Roll Initiative
The best way to describe what is going on with Split Roll was given by previous California Governor Jerry Brown: “Messing with Prop 13 is a big, fat loser.” Despite this, Prop 13 protections for commercial property owners will be challenged this November. Officially known as Prop 15, Split Roll is …
Read MoreLA City Rejects Vacancy Tax for Now, But Will Consider it for 2022
Fortunately, during Wednesday’s Special Meeting, the Los Angeles City Council moved to stall consideration of their vacancy tax. Originally, the motion called for placing the vacancy tax on the November 2020 ballot. However, Councilmember Mike Bonin, the main advocate behind the tax, admitted that there …
Read MoreSB 939 Defeated!
The California State Senate Judiciary Committee is considering SB 939 (Wiener) this Friday. In short, this bill allows commercial tenants to walk away from current leases. In addition, the bill also provides 12 months to repay the unpaid rent that accrued during the statewide shelter-in-place order. Certainly, this clearly abrogates …
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