Posts Tagged ‘downtown’
Revitalizing Downtowns and the Impact on Commercial Real EstateÂ
The Revitalizing Downtowns and Main Streets Act (RDMA), introduced by Representatives Jimmy Gomez (CA-34) and Mike Carey (OH-15), aims to solve two problems: empty commercial spaces and the housing shortage.
Read More2024 Operating Benchmark Report is Now AvailableÂ
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.
Read MoreDowntown Election Update
Downtown Election Update Elections Downtown did not have a city council candidate on the ballot, but that does not mean it was a quiet election night for the region. From LA Mayor to Measure ULA, many consequential items were on the ballot for this area at the city’s heart. LA Citywide Candidate Races Karen Bass…
Read MoreNury Martinez Resigns from LA City Council
Nury Martinez resigned from the Los Angeles City Council this week after a recording of her making racist and offensive remarks became public.
Other individuals heard encouraging and making offensive remarks included City Councilmembers Gil Cedillo and Kevin de Leon and LA County Federation of Labor Federation President Ron Herrera.
And while Ron Herrera has also resigned, Kevin de Leon and Gil Cedillo have not. The two even arrived at City Hall on Tuesday as though it was going to be business as usual.Other individuals heard encouraging and making offensive remarks included City Councilmembers Gil Cedillo and Kevin de Leon and LA County Federation of Labor Federation President Ron Herrera.
BOMA/GLA Visits Sacramento
Last week, BOMA/GLA joined other commercial real estate groups to participate in CBPA’s California Commercial Real Estate Summit. It was a chance to speak to lawmakers in Sacramento about bills affecting our industry.
Read MorePublic Safety Concerns Drive Starbucks Closures
Public Safety Concerns Drive Starbucks Closures Community, Homelessness, Public Safety Starbucks announced it would close six stores in Los Angeles due to concerns about employee safety. Concerns such as drug use, crime, and a rising mental health crisis contributed to the closures. Unable to mitigate these issues alone, Starbucks will “open new locations with safer…
Read MoreAs Final Primary Ballots Are Tallied, Pro-CRE Candidates Finish Strong
This past Friday, the LA County Registrar finished counting ballots from last month’s primary elections. Here are some of the most important results impacting our industry.
Read MoreLos Angeles Invests in Preventing Homelessness and Public Safety in 2022-23 Budget
After the City Council approved Los Angeles’ budget for the 2021-2022 fiscal year, Mayor Eric Garcetti Wednesday officially signed the budget into law, setting the City on a course towards recovery after a period of fiscal …
Read MoreLos Angeles to Expand Citywide Electric Vehicle Infrastructure
After instructing the Department of Water and Power to create a strategy long-term citywide Electric Vehicle Master plan, the Los Angeles City Council unanimously voted to approve the Master Plan. This new strategy will address the emerging demand for electric vehicle (EV) charging stations by furthering the expansion and accessibility of charging stations …
Read MoreNew Split Roll Tax Initiative Fails to Make Ballot!
Late last year, a law firm representing SEIU-UHW submitted a proposal to California state officials seeking to place a split roll tax proposal on the November 2022 ballot. In application, this new proposal was dramatically different from Proposition 15, a tax initiative that was defeated last year. Preliminary titled as the “Housing Affordability and Tax Cut Act of 2022”, the proposal would tax …
Read More