This election is a nail-biter, and with many ballots still being counted, many of the close races, including Proposition 15, are still up in the air. However, some local races are likely to be called, including Nithya Raman and Mark-Ridley Thomas, who both have substantial leads in their races.
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While commercial building owners routinely create detailed emergency preparedness plans for natural disasters, additional procedures are needed to protect buildings from damages related to civil unrest – especially with such a heated election cycle. With much tension and unrest on the rise, we urge Los Angeles property owners to take extra precautions this week.
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In the conversation regarding Proposition 15, most people pay attention to how a Split Roll tax regime would raise property taxes and hurt businesses in California. While the economic impacts of Prop. 15 are important to note, more attention needs to be placed on how Split Roll will affect families and important government services. Namely, Proposition 15 will increase basic costs while reducing available revenue for government programs.
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Since the start of the COVID pandemic, record numbers of people have begun working from home. About one-third of Americans now report to work from a home office. This could be in their kitchen, their bedroom, or even a garage …
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On October 28th, the Planning and Land Use Committee will consider a motion by Councilmember Ryu to stop all construction, including current projects being built, until November 30, 2020. In response to wildfire outbreaks this past year, the motion would halt all further construction …
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Metro, as part of its Vision Zero plan, is in the process of creating new bus-only lanes in major Los Angeles thoroughfares. Due to severe declines in ridership, these bus lanes seek to attract back those leaving the transit system. Even low-income populations, who have historically depended upon public …
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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 …
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Remote work was on the rise long before the age of COVID. But what was an upward trend has suddenly become the standard, forcing companies to make the transition whether they are ready or not. In today’s world, the ability to maximize efficiency while working virtually is a key component of success …
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This past Wednesday, the Los Angeles City Council moved to adopt a motion that will reform police responses to certain 911 calls. Specifically, the proposal would form an unarmed crisis response team for non-violent …
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There is little doubt that the global spread of an unknown virus unleashed unprecedented problems for American business, and the impact on commercial real estate is both wide and deep. But beyond the problems that every developer, landlord or tenant must face, there are also opportunities that can be identified …
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