Search results for: downtown
DTLA Alliance Report Shows Fresh Progress in Downtown
DTLA has faced numerous challenges since COVID-19. However, the latest Q2 2024 report from the DTLA Alliance reveals ongoing positive developments in Downtown Los Angeles.
Read MoreRevitalizing Downtowns and the Impact on Commercial Real Estate
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 MoreCulver City Votes to Add Second Car Lane to Downtown Corridor
The Culver City City Council voted to add a second car lane to the area’s downtown corridor by combining bus and bike lanes into one.
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 MoreCRE Alert: Fate of the BOMA Cal Top 8
We wanted to provide you with an update on the fate of BOMA California’s Top 8 priority bills.
Read MoreTwo Adaptive Reuse Bills Pass the California Legislature
Assembly Bill 2910 and Assembly Bill 3068 have both passed the California Legislature and head to Governor Newsom’s Desk for a final decision.
Read MoreAdvocacy in Action: BOMA/GLA Visits Sacramento
Last week, BOMA/GLA joined forces with other commercial real estate groups at the California Commercial Real Estate Summit (CCRES) in Sacramento.
We took the opportunity to speak directly with lawmakers about critical bills impacting our industry.
Benchmark Report Survey Deadline Extended!
The Operating Benchmark Report survey deadline is extended to June 21st.
This comprehensive survey covers various operating expenses, such as utilities, maintenance, insurance, and taxes.
Read MoreLA Budget Impacts on CRE
Los Angeles Mayor Karen Bass and the City Council recently approved a $12.8 billion budget for the 2024-2025 fiscal year. Budget cuts affecting staffing might lead to delays in permitting and inspections for commercial real estate projects, which could also affect security measures.
Read MoreLA Metro Responds to Rise in Crime
A pilot program in North Hollywood is testing new ideas for LA Metro to invest in, while the Metro Board votes to boost security on their transit lines. The system will begin testing a “Tap to Exit” program requiring riders to verify their paid fare as they leave the system. A recent report showed that most incidents on Metro are caused by those who do not have a valid fare. More will need to be done, but the status quo is unacceptable.
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