Santa Monica voters should expect a Real Estate Transfer Tax initiative on their ballots this fall. If passed, it would raise the transfer tax rate from 0.6% to 5.6% for properties transferred at $8 million or more.
This tax will significantly impact both commercial and residential properties and their tenants.
This past Friday, the LA County Registrar finished counting ballots from last month’s primary elections. Here are some of the most important results impacting our industry.
Continue Reading
The City of Los Angeles is considering the placement of a Parcel Tax Measure for the November 2022 ballot. The tax’s purpose is to provide funding for parks and recreation infrastructure.
The proposed tax rate is not available yet. However, any new tax proposal in the current economic climate is concerning.
On June 13th, the Culver City City Council decided against adding a parcel tax to the November ballot. However, they will proceed with a Business License Tax ballot measure.
Continue Reading
Public safety is always a top concern for our members at Regional Roundtables. However, recent headlines about shooting tragedies have added a new safety sub-topic for discussion: active shooter preparedness.
Continue Reading
On June 1, LA City Council voted to prohibit individuals from obstructing public rights of way without the necessary permits, in compliance with the Americans with Disabilities Act (ADA).Â
Continue Reading
In a victory for property owners, West Hollywood will not be placing a vacancy tax measure on the November 2022 ballot. Instead, in a 3-2 vote on June 6th, the West Hollywood City Council decided to move the discussion of the ballot measure to March 2023.
Continue Reading
After the City Council approved Los Angeles’ budget for the 2021-2022 fiscal year, Mayor Eric Garcetti Wednesday officially signed the budget into law, setting the City on a course towards recovery after a period of fiscal …
Continue Reading
First, when working from home, employees may have enjoyed better wireless coverage than what exists in the office – across all areas. That means faster connections and data speeds, clearer voice and video calls, and the like.
Continue Reading
After instructing the Department of Water and Power to create a strategy long-term citywide Electric Vehicle Master plan, the Los Angeles City Council unanimously voted to approve the Master Plan. This new strategy will address the emerging demand for electric vehicle (EV) charging stations by furthering the expansion and accessibility of charging stations …
Continue Reading
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.