Posts Tagged ‘downtown’
DTLA 2040 Community Plan: A Vision for Downtown Los AngelesÂ
Los Angeles City Council has officially approved the DTLA 2040 Community Plan, marking a transformative step forward for Downtown Los Angeles. This visionary plan, a decade in the making, aims to address critical challenges like housing affordability, adaptive reuse, and urban vibrancy.
Read MoreDowntown LA Metro Service Halted for Weekend UpgradesÂ
Metro subway service through downtown Los Angeles will be temporarily suspended November 15th through November 18th to allow for electrical upgrades as part of a larger Metro improvement project.
Read MoreRevitalizing 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 …
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