The California State Senate Judiciary Committee is considering SB 939 (Wiener) this Friday. In short, this bill allows commercial tenants to walk away from current leases. In addition, the bill also provides 12 months to repay the unpaid rent that accrued during the statewide shelter-in-place order. Certainly, this clearly abrogates …Continue Reading
The Los Angeles City Council has studied the feasibility of vacancy taxes to reduce empty properties. In effect, this tax would create punishments and taxes despite many owners who are genuinely attempting to sell their space. Though, as seen in other cities, a fee with the intent to punish property owners will have a host of other effects that will undermine the ability for property owners to do business.Continue Reading
Homelessness in Los Angeles has become a humanitarian crisis – over 60,000 Angelenos don’t have secure housing. Such a situation demands swift action by our public officials. However, despite impressive action by the Los Angeles City Council, a recent Supreme Court decision can prove detrimental in our efforts to promote wellness and public safety. Martin v. City of Boise …Continue Reading
It seems as if California won’t vote any direction other than Democratic. It has even been dubbed the most reliably blue state in the Electoral College.
This is important to commercial real estate because the party in power determines the Legislature’s agenda. The current Legislature is considering bills jeopardizing dual-agency, tackling homelessness, reforming CEQA, and…
In a last minute effort, the Los Angeles County Fire Department (LACFD) added a parcel tax to the Board of Supervisors that was voted on after only a few months of life. With minimal public input, the ballot measure failed.
Along with other parcel taxes, this would have cost building owners thousands a year.
While commercial building owners routinely create detailed emergency preparedness plans for natural disasters, additional procedures are needed to protect buildings damages and safety concerns as a result of civil unrest. These plans should be tailored to reflect …Continue Reading
Ensure safe building operations, better protect workers, visitors, and customers by completing needed repairs to your parking lots. You have a unique opportunity to perform essential work and repairs while your parking lots are still mostly vacant.Continue Reading
There is no denying traffic congestion is one of LA’s major evils. How we can fix this problem is widely debated, yet a new solution has come into the conversation: congestion pricing.Continue Reading
For building management, recycling can be a double-edged sword. We all want to participate in helping the planet, but with constant new regulations, it can seem like recycling programs are more about avoiding fines. Here’s how to stay ahead of the curve and keep it green.Continue Reading
In 2020, voters in Los Angeles County’s 2nd district are headed to the polls to vote for a new Supervisor to represent them on the Board. The current Supervisor, Mark Ridley-Thomas, is termed-out, having served on the Board since 2008. Ridley-Thomas has filed to run to take LA City Council President Herb Wesson’s seat …Continue Reading