State Legislation
AB 698: A Safeguard Against Measure ULA-Style Damage in Other CitiesÂ
Measure ULA (LA transfer tax) ended up slowing property sales, driving away investment, and raising less money than expected. AB 698 would help prevent this in other cities by requiring a public report before any new transfer tax is proposed, making sure decisions are based on facts and real impacts.
Read MoreGovernor Newsom Signs Budget: What It Could Mean for the CRE IndustryÂ
Governor Gavin Newsom has signed the state budget that promises to invest in housing, education, health care, and public safety.
This budget includes key changes that could impact how the CRE industry plans, operates, and invests.
How AB 649 Could Make ADA Compliance Harder for the CRE IndustryÂ
AB 649 aims to update California’s disability access laws and the Small Business Right to Cure Program. While intended to support compliance, recent changes could backfire—creating more legal risk, more paperwork, and fewer protections.
Read MoreAB 380 Advances: State Assembly Passes Commercial Rent Control Bill
The state legislature is now advancing Assembly Bill 380—a measure that threatens to undermine the very recovery efforts we’ve worked so hard to achieve. Unfortunately, the bill passed the Assembly this week. If it becomes law, it would effectively legalize commercial rent control during any declared state of emergency.
Read MoreNewsom’s Budget Snub of Prop 36 Raises Concerns Over Retail Crime and Property Management
Prop 36, which voters strongly supported last year, boosts penalties for repeat retail theft and fentanyl dealers and requires drug treatment for some nonviolent drug offenders. Even though law enforcement and the state’s attorney general want funding for Prop 36, Newsom’s budget doesn’t include any.
Read MoreSB 789 Vacancy Reporting Mandate Defeated
SB 789 has been defeated in the Senate Appropriations Committee.
Read MoreHollywood/Wilshire Regional Council Showcases Entertainment Industry’s Role in Local CREÂ
The Hollywood/Wilshire Regional Council hosted a panel discussion on the importance of the entertainment industry for commercial real estate in the greater Hollywood area.
Read MoreBOMA/GLA Engages with State Leaders at CBPA Board Meeting & Legislative LuncheonÂ
Our BOMA/GLA Government Affairs Director attended the California Business Properties Association (CBPA) Board Meeting and All-Star Awards Legislative Luncheon in Sacramento this week, joining industry leaders and policymakers for discussions on commercial real estate legislation at the state level and locally.
Read MoreGovernor Newsom Orders State Employees Back to the OfficeÂ
Governor Newsom ordered state agencies to require at least four in-office days per week starting July 1, 2025.
Read MoreGovernor Newsom Signs $2.5 Billion Wildfire Recovery Package for Los Angeles CountyÂ
Governor Gavin Newsom has approved a $2.5 billion plan to help Los Angeles County recover from two major wildfires that heavily damaged Altadena and Pacific Palisades.
Read More