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Understanding the Threat of SB 789’s Vacancy Tax to Commercial Real Estate 

March 28, 2025
Posted in ,
state legislative priorities

SB 789 (Menjivar; D-Van Nuys) now includes a commercial property vacancy tax that could heavily impact property owners/managers, tenants, and the economy.

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Downtown LA CRE Leaders Convene for Regional Roundtable & Building Tour 

March 27, 2025
Posted in ,

The Downtown Los Angeles Regional Council recently gathered for an engaging roundtable discussion and tour of Manulife Plaza at 515 S Figueroa Street, a premier office tower in the heart of Downtown LA.

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Study Reveals Economic and CRE Impacts of the 2025 Wildfires 

March 25, 2025
Posted in , , ,

The 2025 Palisades and Eaton fires caused major damage to properties and the economy.

A new study conducted by the Los Angeles County Economic Development Corporation (LAEDC) reveals the wildfire’s extensive impact on property owners, businesses, and the economy.

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LA’s $1 Billion Budget Deficit and Its Impact on the CRE Industry 

March 24, 2025
Posted in , , , ,
Assessment Roll 2021 Assessor Prang

Los Angeles is facing a nearly $1 billion budget deficit for the new fiscal year.

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BOMA/GLA Engages with State Leaders at CBPA Board Meeting & Legislative Luncheon 

March 21, 2025
Posted in

Our BOMA/GLA Government Affairs Director attended the California Business Properties Association (CBPA) Board Meeting and All-Star Awards Legislative Luncheon in Sacramento this week, joining industry leaders and policymakers for discussions on commercial real estate legislation at the state level and locally.

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Los Angeles Mayor Karen Bass Considers Suspending Measure ULA 

March 18, 2025
Posted in ,

Mayor Karen Bass is considering a temporary pause on Measure ULA.

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DTLA Alliance Report Reveals Trends Shaping Downtown’s Comeback

March 17, 2025
Posted in , ,
industry trends

The DTLA Alliance has released its 2025 Outlook & Insights Report, highlighting Downtown LA’s current trends and outlook.

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2025 LA Marathon Road Closures 

March 14, 2025
Posted in , , ,

The 2025 LA Marathon is happening Sunday, March 16th. This will bring thousands of runners and spectators to LA’s streets. People should expect road closures that could impact building operations.

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Proposed Price Gouging Law: What It Could Mean for the CRE Industry 

March 11, 2025
Posted in
Newsom Eviction Moratorium

Assembly Bill 380 seeks to modify Penal Code Section 396 by imposing stricter limits on price increases after declared emergencies. This can include prices of essential goods and services. However, the bill also wants to place a limitation on rent increases for both residential and commercial properties after a declared emergency.

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Long Beach CRE Leaders Gather for Insightful Tour & Discussion with Long Beach City Council Member  

March 10, 2025
Posted in ,

The Long Beach/South Bay Regional Council led by Ana Wood and Justin Monteleone recently gathered for an informative tour and discussion alongside Long Beach City Councilmember Mary Zendejas (who represents the coastal district) and the Long Beach Chamber of Commerce.

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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.