Posts Tagged ‘CRE’
New Culver City Parcel Tax Measure Heads to November Ballot
The Culver City City Council has voted to place a new parcel tax measure to support public schools on the November ballot. If approved by voters, it could significantly increase costs for commercial property owners. The measure would apply a $0.48 per building square foot annual parcel tax on all real estate parcels, including commercial properties, for the next 10 years.
Read MoreWorking With BIDs to Improve Building Safety
Keeping your building safe takes more than security cameras and on-site staff. Strong partnerships with local Business Improvement Districts (BIDs) and community organizations can help property teams respond more effectively to day-to-day challenges.
Read MorePasadena Fire Parcel Tax Proposal Raises New Concerns for CRE
The Pasadena City Council has voted to place a $22.1 million annual fire parcel tax measure on the November 3, 2026 ballot. If approved by voters, the measure would charge property owners 19 cents per square foot each year to fund fire services.
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 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 More