Posts Tagged ‘california’
One Tax Falls Short as Others Head to November Ballot
A proposed Long Beach parcel tax that could have placed a significant new cost on commercial and industrial properties will not appear on the November ballot. However, other parcel tax measures across the region are moving forward.
Read MoreBuilding Safety Starts With Strong Local Partnerships
Keeping a commercial property safe takes more than what happens inside the building. Strong relationships with Business Improvement Districts (BIDs), community organizations, and other local partners can give property teams additional resources when challenges arise.
Read MoreBOMA/GLA Lands in Sacramento to Advocate for CRE
This week, our members are stepping away from their buildings and businesses to bring the voice of Greater Los Angeles commercial real estate directly to state lawmakers. That matters because legislators need to hear more than statistics- they need to hear from the people who experience the impact of state policy every day.
Read MoreBOMA at the Bowl Supports Our Advocacy Year-Round
This week, BOMA/GLA members are heading to Sacramento with us to do something important: tell lawmakers directly what California’s policies mean for the people who own, manage, and operate commercial buildings.
Read MoreWhy Commercial Property Insurance Is Changing in California
Commercial property insurance is becoming one of the biggest challenges facing California building owners. Higher risks from wildfires and earthquakes, along with fewer insurance companies willing to write policies, are changing how buildings are insured across the state. As a result, owners and managers are facing higher costs, more questions during renewals, and greater pressure to reduce risk.
Read MoreCalifornia’s Film Industry Is Growing Again!
California’s expanded Film and Television Tax Credit Program is already making a major impact. State officials recently announced that the program’s first year is expected to generate a record-breaking $6.6 billion in economic activity and support nearly 35,000 jobs across California. For our members, this is more than entertainment news. It is a sign that one of Southern California’s most important industries is growing again and that growth could bring new opportunities for commercial real estate.
Read MoreThe Business Case for Earthquake Preparedness in Commercial Real Estate
For commercial real estate professionals, seismic preparedness is no longer just about meeting code requirements. It is becoming an important part of protecting assets, managing risk, and planning for the future.
Read MoreCalifornia Approves $351.7 Billion State Budget
California lawmakers have approved a new $351.7 billion state budget for Fiscal Year 2026-27, making it one of the largest budgets in state history. Governor Gavin Newsom has since signed the spending plan, which includes new investments in housing, homelessness programs, infrastructure, and climate initiatives while also increasing certain taxes and limiting some business tax benefits.
Read MoreWhat Proposition 43 Means for Commercial Real Estate and Measure ULA
A major statewide effort to reform local taxes has taken a turn, and it could have long-term impacts on commercial real estate in Los Angeles.
Read MoreTaxpayer Protection Measure Withdrawn From November Ballot
The statewide ballot measure that many in the commercial real estate industry viewed as an opportunity to reform California’s tax landscape has been withdrawn from the November 2026 ballot following a last-minute agreement between state leaders and the measure’s sponsors.
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