Posts by Advocacy Staff
Aligning LA Commercial Properties with the New Zero Emissions Benchmark
The U.S. Department of Energy (DOE) has released a national definition for “zero emissions buildings” to guide the real estate industry in cutting carbon emissions.
Read MoreBenchmark 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 MoreNew CALGreen Requirements for EV Charging Infrastructure in Commercial Buildings
Starting July 1, 2024, the California Green Building Code (CALGreen) requires commercial buildings to have EV charging infrastructure installed when doing certain construction projects.
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 MoreBOMA International Fights for Federal Support of CRE Friendly Policies
BOMA International fights for laws and policies that help the U.S. commercial real estate industry at the federal level.
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.
Read MoreNavigating California’s Revised Budget: Implications for CRE
The Governor’s revised budget proposal aims to close the $27.6 billion budget shortfall for the current fiscal year and the projected $28.4 billion deficit for the next year.
Read MoreCity Aims to Use Performance Standards to Decarb Existing Buildings
The City of Los Angeles is developing a new program focused on decarbonizing existing 20,000 Sq. Ft. residential and commercial buildings. This program will be developed by LA’s Department of Building & Safety in alignment with the city’s Green New Deal and stems from an existing building decarbonization ordinance previously passed.
Read More