Paul Krekorian Elected as New City Council President
The Los Angeles City Council has unanimously voted to elect Councilmember Paul Krekorian as the new City Council President.
Krekorian is replacing Nury Martinez, who resigned following leaked audio where she was caught saying racist remarks.Read More
LA City Council Votes to End Eviction Moratorium
On October 4th, the Los Angeles City Council voted 12-0 to end the eviction moratorium that helped renters during the pandemic.Read More
Glendale Considers Building Electrification Code
Glendale is developing new building electrification, and electric vehicle (EV) reach codes. The new regulations would impact new building construction effective January 1st, 2023.
The city staff is soliciting feedback on the proposed codes now. City council action is anticipated later this fall.
Business Community Shares Concerns over California’s Climate Policy
Through aggressive action, the state is trying to combat the already damning effects climate change has caused.Read More
BOMA/GLA Visits Sacramento
Last week, BOMA/GLA joined other commercial real estate groups to participate in CBPA’s California Commercial Real Estate Summit. It was a chance to speak to lawmakers in Sacramento about bills affecting our industry.Read More
Pasadena Adopts Electrification Ordinance
The Pasadena City Council voted to adopt its building electrification ordinance this month. The new code matches the policy outline approved by the council this past June.
Therefore, with some exceptions, new construction will not have natural gas hookups. As a result, new buildings in the city will only use electric appliances and devices.
Victory Alert: AB 2840, A Job Killer for the Warehouse Industry, Shelved for 2022
A bill that would target warehouse and logistic centers has passed the California State Assembly and will soon be considered by the State Senate. In short, this bill (Assembly Bill 2840) would ban many new warehouse/logistics facilities in Southern California…Read More
New Santa Monica Real Estate Tax Initiative
Santa Monica voters should expect a Real Estate Transfer Tax initiative on their ballots this fall. If passed, it would raise the transfer tax rate from 0.6% to 5.6% for properties transferred at $8 million or more.
This tax will significantly impact both commercial and residential properties and their tenants.
New Tax Measure Coming to Culver City
On June 13th, the Culver City City Council decided against adding a parcel tax to the November ballot. However, they will proceed with a Business License Tax ballot measure.Read More
No New West Hollywood Vacancy Tax for Now
In a victory for property owners, West Hollywood will not be placing a vacancy tax measure on the November 2022 ballot. Instead, in a 3-2 vote on June 6th, the West Hollywood City Council decided to move the discussion of the ballot measure to March 2023.Read More