Taxes
What Proposition 43 Means for Commercial Real Estate and Measure ULA
A major statewide effort to reform local taxes has taken a turn, and it could have long-term impacts on commercial real estate in Los Angeles.
Read MoreWhat Los Angeles’ ULA Decision Means
On July 1, the Los Angeles City Council voted unanimously to remove a proposed ballot measure that would have temporarily exempted newly constructed multifamily and mixed-use residential projects from Measure ULA during their first ten years. As a result, there will be no Measure ULA reform measure before voters this November.
Read MoreTaxpayer Protection Measure Withdrawn From November Ballot
The statewide ballot measure that many in the commercial real estate industry viewed as an opportunity to reform California’s tax landscape has been withdrawn from the November 2026 ballot following a last-minute agreement between state leaders and the measure’s sponsors.
Read MoreLA Voters Decide Key Tax Measures
Los Angeles voters made several important decisions this month on tax measures that will shape the region’s fiscal landscape and reinforce why BOMA/GLA continues to monitor tax policy at every level of government.
Read MoreWhat’s Next for Measure ULA? Voters May Decide in November
The Los Angeles City Council committee reviewing potential Measure ULA reforms recently decided not to recommend changes to the tax for the November ballot. With the City’s review now complete, attention is turning to the November election and the proposed Taxpayer Protection Act. Throughout the process, BOMA/GLA members helped ensure commercial real estate perspectives were heard through surveys, town halls, and meetings with elected officials.
Read MoreNovember Ballot Initiative Could Reshape Measure ULA
A new statewide ballot measure that could significantly limit local real estate transfer taxes, including Los Angeles’ Measure ULA, has officially qualified for the November 2026 ballot. This matters for our members because it could reshape the future of ULA, influence transaction activity, and create opportunity in how deals are structured across the region.
Read MoreRegister for Our Upcoming Measure ULA Member Town Hall
Measure ULA is being actively reviewed, and key decisions are being shaped now by the City’s ULA Ad Hoc Committee. With recommendations expected to go before the Los Angeles City Council by June 1, there is a narrow window for commercial real estate to weigh in.
Read MoreHelp Shape Measure ULA Reform — We Need Your Input
Los Angeles City leaders are actively discussing potential reforms to Measure ULA—and the outcome will directly impact commercial real estate across our region. We have a real opportunity to influence these conversations, but we need your input now.
Read MoreMayoral Race Highlights Divide on Measure ULA
Los Angeles’ first mayoral debate offered an early look at where candidates stand on key issues shaping the city’s future—including the ongoing debate over Measure ULA and its impact on development. For our members, this matters because decisions around transfer taxes, housing policy, and development incentives will directly influence investment, leasing activity, and the overall health of the commercial real estate market.
Read MoreCampaign Seeks New Parcel Tax on Long Beach Ballot
A group of labor unions and housing advocates is trying to put a new parcel tax on the November ballot in Long Beach. If voters approve it, the tax would mostly fall on commercial and industrial properties—meaning it could directly increase costs for building owners and managers.
Read More