Transfer Taxes
November 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 MoreWhat Measure ULA’s $1B Milestone Means for Property Owners and Managers
Measure ULA has officially passed $1 billion in revenue. This milestone renews concerns about reduced deal activity, higher transaction costs, and slowed reinvestment. As debate over exemptions, legal challenges, and a possible 2026 ballot measure continues, the impacts of ULA remain highly relevant to our members.
Read MoreHollywood 4WRD to Host Panel on Measure ULA’s ImpactÂ
The nonprofit Hollywood 4WRD is hosting a discussion on Measure ULA and its effect on Los Angeles housing and development. Given ongoing concerns about how this tax discourages investment, delays transactions, and hinders development across Los Angeles, this discussion is especially relevant for our members.
Read MoreBOMA/GLA Advocates for Industrywide Solutions to Measure ULAÂ
In the final week of the session, Sacramento lawmakers floated a deal on SB 423 that would have eased Measure ULA taxes for some apartments but left commercial properties with no relief. The bill ultimately did not move forward, but the effort signals what may return next year.
Read MoreAB 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 MoreThe Unintended Consequences of Measure ULA for the CRE IndustryÂ
A new report from UCLA highlights how Measure ULA is affecting Los Angeles’s real estate market.
Read MoreLos Angeles Mayor Karen Bass Considers Suspending Measure ULAÂ
Mayor Karen Bass is considering a temporary pause on Measure ULA.
Read More