Management Services
What You Need Before You Can Roll Out a Smart Building
Not that long ago, smart buildings were seen as the wave of the future of commercial real estate. But the future is here now, and it’s not just new developments that are being built smart. Existing buildings are being refitted as smart buildings …
Read MoreBREAKING: Governor Newsom Extends Executive Order Allowing Cities to Enact Commercial Eviction Moratoriums
After months of mandated business shutdowns, Governor Newsom has signed an Executive Order allowing local jurisdictions to implement their own commercial eviction moratoriums until March 31st, 2021. Effective immediately, the Executive Order will allow any …
Read MoreProperty Tax Relief Available for Civil Unrest Damages
According to the Los Angeles County Tax Assessor, you may be eligible for Misfortune or Calamity Property Tax relief if your property has been damaged by a natural disaster or other unforeseeable, sudden, and unusual occurrences. Filing a claim will temporarily reduce the assessed value of your property – and your property taxes. Granted, these values will remain in effect until …
Read MoreNew Updates to LA County Eviction Moratorium Orders – Know Your Rights!
The City and County of Los Angeles as well as other cities within Greater Los Angeles have enacted ordinances prohibiting evictions of commercial tenants who can demonstrate that their inability to pay rent is caused by the COVID-19 pandemic. While these orders all tend to be similar in their intent …
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 …
Read MoreIdaho Court Case May Worsen the Homelessness Crisis
Homelessness in Los Angeles has become a humanitarian crisis – over 60,000 Angelenos don’t have secure housing. Such a situation demands swift action by our public officials. However, despite impressive action by the Los Angeles City Council, a recent Supreme Court decision can prove detrimental in our efforts to promote wellness and public safety. Martin v. City of Boise …
Read MoreWeWork’s Slump Spells Trouble for Property Owners
Recently valued at over $47 billion, WeWork made it their mission to be a major asset to the commercial real estate industry. Boasting over 45 million square feet of office space, WeWork set out to create access to diverse workspaces for many small businesses itching to save operating costs. However, the company is facing serious monetary concerns …
Read MoreCan Tenants Avoid Lease Payments?
Under the current local and state emergency orders, building owners are working closely with tenants to maintain the status quo of a clean and habitable space and continuation of lease payments. However, some tenants may claim “force majeure”, “frustration of purpose”, or “impossibility”, causing them to seek rent deferral or abatement.
Read MoreA Freeze on Rent Increases During COVID-19?
There is no shortage of hardship during the current pandemic crisis. In order to address the economic slowdown and shelter in place orders, some Los Angeles City Councilmembers are trying to push for an overall freeze in rent increases throughout the emergency period.
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