In a powerful show of engagement, nearly 20 BOMA/GLA members sat down with newly elected LA District Attorney Nathan Hochman to discuss Proposition 36.
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Los Angeles County District Attorney Nathan Hochman has made big changes—many of which matter to the CRE industry. His “return to normalcy” approach has reversed past policies, brought more consistent prosecutions, and focused on public safety instead of politics.
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The Los Angeles City Council’s Clean LA Buildings ordinance, effective in 2023, may soon be applied retroactively to require some buildings permitted before 2023 to meet all-electric standards.
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California has voted to keep film and TV production local by expanding its tax credit program to $750 million. For the CRE industry, that means a potential boost in demand for studio space, office rentals, and production-related services across Greater Los Angeles.
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President Trump has shaken up trade talks by sending sudden tariff letters to countries and posting new terms on social media without warning. For commercial real estate professionals, the growing trade instability could raise costs and disrupt tenants, especially those with global supply chains.
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Federal funding cuts are starting to affect important city programs in Long Beach, like public safety, housing, and infrastructure. For commercial real estate professionals, this could mean changes in services and impact the neighborhoods around your properties.
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Artificial intelligence is changing how commercial buildings are valued, leased, insured, and upgraded. For property managers and service providers, it means quicker decisions, smoother operations, and better ways to prepare for the future. Check out BOMA/GLA’s upcoming policy briefing discussing AI.
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Los Angeles County has a new leader for its Department of Homeless Services and Housing. For the CRE industry, this could lead to clearer processes, better coordination, and more chances to work with the county on homelessness issues near properties.
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Measure ULA (LA transfer tax) ended up slowing property sales, driving away investment, and raising less money than expected. AB 698 would help prevent this in other cities by requiring a public report before any new transfer tax is proposed, making sure decisions are based on facts and real impacts.
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The City of Los Angeles’ new Adaptive Reuse Ordinance is taking effect this year, bringing major changes for commercial real estate. Our BOMA/GLA advocacy team has been engaging directly with Mayor Karen Bass’s staff and advocating for our members on multiple issues.
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Opinions expressed in this article are those of the author and do not necessarily represent the positions of BOMA Greater Los Angeles. For media inquiries and questions about BOMA/GLA's policy positions, please email [email protected]. You can also find additional information about our policy positions on our website.