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The Future of Shared Workspaces: Unventured, But Promising Investments

August 31, 2020
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Shared Workspace Future

Over the past two years, the future of shared workspaces seemed dark and at a dead end. With demand for coworking space at an all-time low and with COVID-19 creating a transition to remote working, it felt like major companies like WeWork were quickly losing relevance. However, recent events prove that the shared workspace industry is still alive, and has so much potential for innovation and growth.

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City of LA and Metro Open New Bus and Bike Lanes on Major DTLA Streets

August 26, 2020
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Bus Lanes

Since the start of the COVID-19 pandemic, city officials have been looking at ways to re-think their approach to public transportation platforms. Now, dedicated bus lanes and bike lanes have officially opened in Downtown Los Angeles. To be sure, these lanes seek to prioritize the public right of way over private transportation.

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Policymaker Spotlight: Stacy Mungo

August 24, 2020
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Stacy Mungo

For the Spotlight Series, BOMA/GLA would like to highlight the incredible work done by Long Beach Councilwoman Stacy Mungo. Currently serving the 5th District, Councilwoman Mungo has pursued many unprecedented initiatives to advance the prospects of her district.

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Tell Your Tenants: Proposition 15 will Raise their Rent

August 21, 2020
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Proposition 15 Hurts Small Businesses

Amid an unprecedented economic crisis, special interests are pushing Proposition 15 on the November 2020 statewide ballot that will undo Proposition 13’s property tax protections. In short, this will be the largest property tax increase in California history. However, most relevant to the commercial real estate industry is Prop. 15’s impact on commercial tenants throughout California …

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L.A. Expands Online Permitting For Building Development Projects, May Open Public Counter Operations

August 14, 2020
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E-Plan LA

During the COVID-19 pandemic, the LA Department of Building and Safety has made sure to adapt to critical health guidelines whilst offering necessary city programs. Notably, the Department has expanded its online and telephone services to include …

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Garcetti to Lead the Climate Mayors Initiative, Bold Sustainability Changes Coming to CRE

August 12, 2020
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Climate Mayors sustainability

Boasting over 450 signatures, Climate Mayors (LINK) is a bold network of U.S. mayors with the goal of mitigating climate change. Through close contact, this collaborative group seeks to create innovative sustainability initiatives across many U.S. urban cities. In fact …

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Garcetti Creates New LAPD Community Safety Bureau, Will Reimagine Policing

August 10, 2020
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CSP community police

Due to public pressure regarding police practices, Mayor Eric Garcetti recently announced the establishment of a new Community Safety Partnership (CSP) Bureau within the Los Angeles Police Department. Uniquely, the CSP program seeks to reimagine the role of law enforcement in the community. Specifically, CSP places specially-trained officers in …

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Due to COVID-19, L.A. Commercial Tenants Are Entering a ‘New Normal’

August 7, 2020
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COVID-19 property

Last April, we surveyed managers about their response to mandatory cleaning protocols and social distancing requirements due to the coronavirus pandemic. Now in the heart of summer, we inquired about a different set of concerns: changes in tenants’ habits, rental income and …

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Governor Newsom Declines to Suspend Minimum Wage Increases

August 3, 2020
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minimum wage increases

Governor Gavin Newsom has declined to suspend the January 2021 increase for minimum wage. Consequently, the minimum wage is set to increase to $13/hr for companies with 25 or fewer employees and $14/hr for companies with 25 or more employees. While Governor Newsom’s actions certainly have good intentions, minimum wage increases will only add additional burdens …

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County and City Sustainability Plans Means Big Changes for CRE

July 31, 2020
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sustainability ourcounty

In the past two years, Los Angeles has become a leading example in regard to sustainability programs. In particular, the Los Angeles Board Supervisors passed the OurCounty Sustainability Plan last year, which includes significant initiatives that affect many industries. In the same fashion, Mayor Eric Garcetti and Los Angeles City …

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