Guest Author The next major earthquake in California is not a matter of if, it is a matter of when. For commercial real estate professionals, that means now is the time to ask important questions: Is your building prepared? Do you understand current seismic requirements? How could earthquake risks affect your insurance and future building…
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A major statewide effort to reform local taxes has taken a turn, and it could have long-term impacts on commercial real estate in Los Angeles.
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On July 1, the Los Angeles City Council voted unanimously to remove a proposed ballot measure that would have temporarily exempted newly constructed multifamily and mixed-use residential projects from Measure ULA during their first ten years. As a result, there will be no Measure ULA reform measure before voters this November.
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A recent construction incident in New York City is serving as an important reminder for commercial real estate owners and managers everywhere.
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As seismic regulations continue to evolve, property teams face growing responsibilities when it comes to building safety, compliance, and long-term planning. At the same time, insurance companies are paying closer attention to earthquake risk, which could affect building upgrades, coverage, and future investment decisions. To help members prepare, BOMA/GLA is hosting an educational event on Tuesday, August 4, in El Segundo.
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Long Beach and the South Bay continue to be important centers for commercial real estate, investment, and business growth. Recent local government actions focused on housing, parking, economic development, transportation, and long-term planning efforts could affect property owners, tenants, and future investment.
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The statewide ballot measure that many in the commercial real estate industry viewed as an opportunity to reform California’s tax landscape has been withdrawn from the November 2026 ballot following a last-minute agreement between state leaders and the measure’s sponsors.
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BOMA/GLA Director of Government and Public Affairs Christopher Bowen testified before the Senate Judiciary Committee in support of AB 2418, our co-sponsored legislation to help streamline permitting for commercial tenant improvement projects. The bill once again received unanimous support, marking another major milestone in the legislative process.
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Don’t miss our upcoming educational event designed to help commercial real estate professionals understand current seismic requirements, navigate the retrofit process, and work more effectively with the Los Angeles Department of Building and Safety (LADBS).
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Commercial real estate professionals are navigating a rapidly changing operating environment. From evolving safety requirements and permitting challenges to shifting vacancy trends across the industrial market, staying informed is essential to making sound business decisions.
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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.