Posts Tagged ‘CRE’
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 MoreNew 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.
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