Skip to content

2024 Operating Benchmark Report is Now Available 

2024 Operating Benchmark Report is Now Available  Budgeting, Building Services, Market Trends We’re excited to announce that the 2024 Operating Benchmark Report is now available!  For the second year in a row, taxes and insurance are the top building expenses.   What You Need to Know This comprehensive report covers a wide range of operating expenses,…

Read More

LA Budget Impacts on CRE

LA Budget Impacts on CRE Budgeting Los Angeles Mayor Karen Bass and the City Council recently approved a $12.8 billion budget for the 2024-2025 fiscal year.   Budget cuts affecting staffing might lead to delays in permitting and inspections for commercial real estate projects, which could also affect security measures.  What You Need to Know The…

Read More

City Aims to Use Performance Standards to Decarb Existing Buildings

Assessment Roll 2021 Assessor Prang

City Aims to Use Performance Standards to Decarb Existing Buildings Sustainability The City of Los Angeles is developing a new program focused on decarbonizing existing 20,000 Sq. Ft. residential and commercial buildings.   This program will be developed by LA’s Department of Building & Safety in alignment with the city’s Green New Deal and stems from…

Read More

Measure HLA Poised to Pass

homelessness

Measure HLA is poised to pass after achieving a margin that is unlikely to change with the remaining ballots. 

It requires the city complete planned improvements from its Mobility Plan 2035 each time it makes other street upgrades. 

A late opposition campaign from the firefighters union was not enough to prevent this measure’s passage.

Read More

Interim Police Chief Selected for LAPD

The city has selected an interim chief after the announcement last month of Chief Michael Moore stepping down as Chief of LAPD.
The Board of Police Commissioners selected Assistant Chief Dominic H. Choi. Chief Choi is a 28-year veteran of the department and the first Asian-American to serve as the city’s top cop.

Read More