Management Services
BOMA International Releases Guide to COVID-19 Tenant Relief Programs
BOMA International Releases Guide to COVID-19 Tenant Relief Programs Covid-19, Legal With federal officials creating trillions in aid to support businesses recovering from COVID-19, BOMA International has developed an important guide for commercial real estate owners that outlines the loan and grant programs available to tenant businesses. While many tenants in office buildings have continued…
Read MoreLA County Extends Eviction Moratorium, Will Consider Debt Relief for Small Businesses
On Tuesday, the Los Angeles County Board of Supervisors unanimously agreed to extend the Countywide moratorium on both residential and commercial evictions …
Read MoreVICTORY: State Bill That Would Have Jeopardized Leases and Rent Payments Defeated
As of Wednesday of last week, the California State Assembly officially voted to table a bill that would have made it more difficult for commercial property owners and landlords to collect unpaid rent accrued during the COVID-19 pandemic. This is a huge victory for the commercial …
Read MoreCourt Orders Pause On Proposition 65 Lawsuits Related to Acrylamide
After a wave of lawsuits on restaurants struggling during COVID-19, a new California district court order has ordered a pause on all Proposition 65 lawsuits related to acrylamide. With legal efforts being led by the California …
Read MoreFire Inspection Management System Now Include Permits and More
Last December, the LAFD Fire Development Services rolled out a new customer development portal in the Fire Inspection Management System (FIMS), which includes a number of services for fire, life, and safety systems. These features will streamline …
Read MoreBOMA International Scores Big Wins on Federal Tax Provisions
In April of 2020, following extensive lobbying by BOMA International and its CRE partners, the CARES Act restored the 15-year depreciation schedule for qualified leasehold improvements or Qualified Improvement Property (QIP). Due to drafting error, the Tax Cuts and Jobs Act of …
Read MoreState Lawmakers Pass SB-91, Extends Eviction Ban and Creates Rent Relief Package
On January 28th, state lawmakers voted to extend its statewide moratorium on eviction bans through June 30th, 2021. Originally, the eviction moratorium was set to expire on January 31st. The extension of the eviction moratorium is part of Senate Bill (SB) 91, a statewide initiative to alleviate the rent burden on residential tenants. In addition to the eviction ban, SB-91 includes a $1.5 billion dollar rent relief …
Read MoreSmall Commercial Landlord Challenges LA County Commercial Eviction Moratorium
On January 19th, the Pacific Legal Foundation issued the first legal challenge on LA County’s commercial eviction moratorium on behalf of a small Lawndale commercial landlord. The court case, titled Iten v. County of Los Angeles, seeks to overturn the Countywide commercial eviction moratorium. Although it was set to expire in May of last year, it has been continuously extended. It will likely be extended by the County within the coming …
Read MoreWhat 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 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 …
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