Posts Tagged ‘california’
How California’s $750M Film Tax Credit Boost Can Benefit the CRE IndustryÂ
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.
Read MoreBoost Efficiency and Value with AI in Commercial Real Estate
Artificial intelligence is changing how commercial buildings are valued, leased, insured, and upgraded. For property managers and service providers, it means quicker decisions, smoother operations, and better ways to prepare for the future. Check out BOMA/GLA’s upcoming policy briefing discussing AI.
Read MoreAB 698: A Safeguard Against Measure ULA-Style Damage in Other CitiesÂ
Measure ULA (LA transfer tax) ended up slowing property sales, driving away investment, and raising less money than expected. AB 698 would help prevent this in other cities by requiring a public report before any new transfer tax is proposed, making sure decisions are based on facts and real impacts.
Read MoreGovernor Newsom Signs Budget: What It Could Mean for the CRE IndustryÂ
Governor Gavin Newsom has signed the state budget that promises to invest in housing, education, health care, and public safety.
This budget includes key changes that could impact how the CRE industry plans, operates, and invests.
How AB 649 Could Make ADA Compliance Harder for the CRE IndustryÂ
AB 649 aims to update California’s disability access laws and the Small Business Right to Cure Program. While intended to support compliance, recent changes could backfire—creating more legal risk, more paperwork, and fewer protections.
Read MoreStay Ahead of Risks: BOMA/GLA’s Upcoming Security and Emergency Preparedness EventsÂ
The ongoing ICE activity, protests, curfews, and street closures across the region highlight just how important it is to be ready for future emergencies.
Read MoreGuidance for Property Managers on Law Enforcement InteractionsÂ
Immigration enforcement actions are happening in several major U.S. cities. To support property professionals in responding effectively, BOMA International collaborated with legal experts to develop guidance on engaging federal enforcement personnel while stressing the importance of legal counsel.
Read MoreAB 380 Advances: State Assembly Passes Commercial Rent Control Bill
The state legislature is now advancing Assembly Bill 380—a measure that threatens to undermine the very recovery efforts we’ve worked so hard to achieve. Unfortunately, the bill passed the Assembly this week. If it becomes law, it would effectively legalize commercial rent control during any declared state of emergency.
Read MoreNewsom’s Budget Snub of Prop 36 Raises Concerns Over Retail Crime and Property Management
Prop 36, which voters strongly supported last year, boosts penalties for repeat retail theft and fentanyl dealers and requires drug treatment for some nonviolent drug offenders. Even though law enforcement and the state’s attorney general want funding for Prop 36, Newsom’s budget doesn’t include any.
Read MoreSB 789 Vacancy Reporting Mandate Defeated
SB 789 has been defeated in the Senate Appropriations Committee.
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