Management Services
Fire 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 …
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 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 …
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