Despite concerns over economic impacts, the LA City Council voted to raise the minimum wage for airport and hotel workers to $30 an hour by 2028.
This change will directly affect hotels, airports, and related service providers — key tenants and partners for many in commercial real estate. Higher operating costs could impact leasing, service contracts, and tourism-driven property revenue, especially as the city prepares for major events like the Olympics.
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The City of Long Beach’s 2026 proposed budget of $3.7 billion targets key areas like public safety, housing, infrastructure, and economic growth—which could directly affect your properties and businesses.
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The Central City Association (CCA) recently shared a study showing that turning offices into housing would boost the economy, create jobs, and new housing.
These findings support flexible code implementation and incentives, offering our members additional options to consider.
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President Trump signed the One Big Beautiful Bill Act (OBBBA) into law, bringing a range of tax breaks and opportunities that can benefit the CRE industry.
Benefits include lowering the cost of making building improvements, freeing up cash for operations, and protecting key tax tools that support long-term investment.
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CRE industry experts warn that cutting or privatizing Energy Star’s Portfolio Manager tool could make it harder to meet energy rules and raise costs for building owners.
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The LA County Board of Supervisors just approved a plan to speed up film permits and grow the industry, which could mean more filming, tenants, and investment for local commercial properties.
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In a powerful show of engagement, nearly 20 BOMA/GLA members sat down with newly elected LA District Attorney Nathan Hochman to discuss Proposition 36.
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Los Angeles County District Attorney Nathan Hochman has made big changes—many of which matter to the CRE industry. His “return to normalcy” approach has reversed past policies, brought more consistent prosecutions, and focused on public safety instead of politics.
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The Los Angeles City Council’s Clean LA Buildings ordinance, effective in 2023, may soon be applied retroactively to require some buildings permitted before 2023 to meet all-electric standards.
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California has voted to keep film and TV production local by expanding its tax credit program to $750 million. For the CRE industry, that means a potential boost in demand for studio space, office rentals, and production-related services across Greater Los Angeles.
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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.