Posts Tagged ‘CRE’
California 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 Our Codes Committee Is Working on Next
What Our Codes Committee Is Working on Next Codes, Education, Emergency Preparedness The next major earthquake in California is not a matter of if, it is a matter of when. For commercial real estate professionals, that means now is the time to ask important questions: Is your building prepared? Do you understand current seismic requirements?…
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 MoreWhat Los Angeles’ ULA Decision Means
On July 1, the Los Angeles City Council voted unanimously to remove a proposed ballot measure that would have temporarily exempted newly constructed multifamily and mixed-use residential projects from Measure ULA during their first ten years. As a result, there will be no Measure ULA reform measure before voters this November.
Read MoreLessons for CRE From New York’s Biggest Conversion Project
A recent construction incident in New York City is serving as an important reminder for commercial real estate owners and managers everywhere.
Read MoreIs Your Building Ready for the Next Big Earthquake?
As seismic regulations continue to evolve, property teams face growing responsibilities when it comes to building safety, compliance, and long-term planning. At the same time, insurance companies are paying closer attention to earthquake risk, which could affect building upgrades, coverage, and future investment decisions. To help members prepare, BOMA/GLA is hosting an educational event on Tuesday, August 4, in El Segundo.
Read MoreLong Beach & South Bay CRE News Roundup
Long Beach and the South Bay continue to be important centers for commercial real estate, investment, and business growth. Recent local government actions focused on housing, parking, economic development, transportation, and long-term planning efforts could affect property owners, tenants, and future investment.
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.
Read MoreCommercial Permitting Reform Bill Advances in State Senate
BOMA/GLA Director of Government and Public Affairs Christopher Bowen testified before the Senate Judiciary Committee in support of AB 2418, our co-sponsored legislation to help streamline permitting for commercial tenant improvement projects. The bill once again received unanimous support, marking another major milestone in the legislative process.
Read MoreNavigate LADBS Approvals with Confidence
Don’t miss our upcoming educational event designed to help commercial real estate professionals understand current seismic requirements, navigate the retrofit process, and work more effectively with the Los Angeles Department of Building and Safety (LADBS).
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