State Senator Menjivar recently introduced a new bill that would add new requirements and limit security deposits for landlords renting to small businesses and non-profits. Effectively, this would impose a rent control policy for commercial real estate.
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Guest Author Are you ready to future-proof your property and stay ahead of the curve in 2025 and beyond? Join us for “Future-Proofing Your Property: Budgeting for PropTech Advancements in 2025 and Beyond,” an essential seminar for commercial real estate professionals. Whether you’re a property manager, owner, or service provider, this event is tailored to…
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Guest Author California’s new law against workplace violence goes into effect July 1st, 2024.   Senate Bill 553, now incorporated into the California Labor Code, requires that all employers in California create a Workplace Violence Prevention Plan (WVPP). What You Need to Know Key Points: A WVPP can be its own program or part of another…
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Guest Author The California Supreme Court voted to remove the Taxpayer Protection and Government Accountability Act (TPA) from the November ballot.  TPA aimed to reinstate the two-thirds majority vote requirement for new taxes and grant voters the authority to approve or reject new and increased taxes.  Legal Updates This decision comes after a heated legal…
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Guest Author California’s frequent droughts have led to incentives from agencies like the Metropolitan Water District (MWD) and the LA Department of Water and Power (LADWP). What You Need to Know Get up to $3 per square foot to replace lawns with native California plants. You can also get discounts on water-efficient appliances, free…
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Guest Author The U.S. Department of Energy (DOE) has released a national definition for “zero emissions buildings” to guide the real estate industry in cutting carbon emissions. What You Need to Know Key points: Existing buildings must be in the top 25% for energy efficiency (ENERGY STAR score of 75+). New buildings must use at…
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The Operating Benchmark Report survey deadline is extended to June 21st.
This comprehensive survey covers various operating expenses, such as utilities, maintenance, insurance, and taxes.
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This week, the Long Beach City Council will be presented with revenue options to compensate for declining oil tax revenues. A transfer tax proposal modeled on Measure ULA is among the revenue options on the menu.
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Guest Author Starting July 1, 2024, the California Green Building Code (CALGreen) requires commercial buildings to have EV charging infrastructure installed when doing certain construction projects. At our July 11th Codes and Regulations meeting, we will be going in-depth on what you need to know about this code update. What You Need to Know If…
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Guest Author Los Angeles Mayor Karen Bass and the City Council recently approved a $12.8 billion budget for the 2024-2025 fiscal year. Budget cuts affecting staffing might lead to delays in permitting and inspections for commercial real estate projects, which could also affect security measures. What You Need to Know The budget is reducing 1,700…
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Opinions expressed in this article are those of the author and do not necessarily represent the positions of BOMA Greater Los Angeles. For media inquiries and questions about BOMA/GLA's policy positions, please email [email protected]. You can also find additional information about our policy positions on our website.