Search results for: downtown
LAPD Deal Set to Avoid Massive Layoff of Officers
Last week, the Los Angeles Police Protective League agreed on a deal that could stop the layoffs of over 355 sworn police officers. At the end of 2020, the Los Angeles City Council approved a motion that would cut hundreds of active police officers. Expecting a budget deficit …
Read MoreBOMA International Scores Big Wins on Federal Tax Provisions
In April of 2020, following extensive lobbying by BOMA International and its CRE partners, the CARES Act restored the 15-year depreciation schedule for qualified leasehold improvements or Qualified Improvement Property (QIP). Due to drafting error, the Tax Cuts and Jobs Act of …
Read MoreNational Study Assesses Impact of COVID-19 on Office Space, Finds that Businesses Still Significantly Value On-Site Operations
BOMA International, BOMA/GLA’s larger international sister organization, released a groundbreaking nationwide COVID-19 Commercial Real Estate Impact Study, which assessed important developments regarding commercial office space as it relates to …
Read MoreLA County Hears Options on How to Legally Remove Sheriff Villanueva
After requesting more details last November on options to remove County Sheriff Alex Villanueva, the LA County Board of Supervisors recently received a report back from legal counsel this past Tuesday. As explained in the November motion …
Read MoreState Lawmakers Pass SB-91, Extends Eviction Ban and Creates Rent Relief Package
On January 28th, state lawmakers voted to extend its statewide moratorium on eviction bans through June 30th, 2021. Originally, the eviction moratorium was set to expire on January 31st. The extension of the eviction moratorium is part of Senate Bill (SB) 91, a statewide initiative to alleviate the rent burden on residential tenants. In addition to the eviction ban, SB-91 includes a $1.5 billion dollar rent relief …
Read MoreMetro Bus Lanes – A Risky Approach To Declining Ridership
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 …
Read MoreTell Your Tenants: Proposition 15 will Raise their Rent
Amid an unprecedented economic crisis, special interests are pushing Proposition 15 on the November 2020 statewide ballot that will undo Proposition 13’s property tax protections. In short, this will be the largest property tax increase in California history. However, most relevant to the commercial real estate industry is Prop. 15’s impact on commercial tenants throughout California …
Read MoreGarcetti Creates New LAPD Community Safety Bureau, Will Reimagine Policing
Due to public pressure regarding police practices, Mayor Eric Garcetti recently announced the establishment of a new Community Safety Partnership (CSP) Bureau within the Los Angeles Police Department. Uniquely, the CSP program seeks to reimagine the role of law enforcement in the community. Specifically, CSP places specially-trained officers in …
Read MoreParcel Taxes Are Death by 1000 Papercuts
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.
Policymaker Spotlight: Miguel Santiago
BOMA Greater Los Angeles would like to introduce its members to a leading California State Assemblymember, Miguel Santiago. First elected in 2014 to the 53rd District, Santiago represents the key interests of neighborhoods like Boyle Heights, Downtown, Koreatown, and Pico Union on issues like eradicating homelessness, building affordable housing, prioritizing community college, and increasing care services.
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