Posts by growthzone
LAPD Deal Set to Avoid Massive Layoff of Officers
Last week, the Los Angeles Police Protective League agreed on a deal that could stop the layoffs of over 355 sworn police officers. At the end of 2020, the Los Angeles City Council approved a motion that would cut hundreds of active police officers. Expecting a budget deficit …
Read MoreBOMA International Scores Big Wins on Federal Tax Provisions
In April of 2020, following extensive lobbying by BOMA International and its CRE partners, the CARES Act restored the 15-year depreciation schedule for qualified leasehold improvements or Qualified Improvement Property (QIP). Due to drafting error, the Tax Cuts and Jobs Act of …
Read MoreNational Study Assesses Impact of COVID-19 on Office Space, Finds that Businesses Still Significantly Value On-Site Operations
BOMA International, BOMA/GLA’s larger international sister organization, released a groundbreaking nationwide COVID-19 Commercial Real Estate Impact Study, which assessed important developments regarding commercial office space as it relates to …
Read MoreLA County Hears Options on How to Legally Remove Sheriff Villanueva
After requesting more details last November on options to remove County Sheriff Alex Villanueva, the LA County Board of Supervisors recently received a report back from legal counsel this past Tuesday. As explained in the November motion …
Read MoreState Lawmakers Pass SB-91, Extends Eviction Ban and Creates Rent Relief Package
On January 28th, state lawmakers voted to extend its statewide moratorium on eviction bans through June 30th, 2021. Originally, the eviction moratorium was set to expire on January 31st. The extension of the eviction moratorium is part of Senate Bill (SB) 91, a statewide initiative to alleviate the rent burden on residential tenants. In addition to the eviction ban, SB-91 includes a $1.5 billion dollar rent relief …
Read MoreWorking From Home? Six Steps to Achieve Work-Life Balance During a Pandemic
Since the start of the COVID pandemic, record numbers of people have begun working from home. About one-third of Americans now report to work from a home office. This could be in their kitchen, their bedroom, or even a garage …
Read MoreSmall Commercial Landlord Challenges LA County Commercial Eviction Moratorium
On January 19th, the Pacific Legal Foundation issued the first legal challenge on LA County’s commercial eviction moratorium on behalf of a small Lawndale commercial landlord. The court case, titled Iten v. County of Los Angeles, seeks to overturn the Countywide commercial eviction moratorium. Although it was set to expire in May of last year, it has been continuously extended. It will likely be extended by the County within the coming …
Read MoreLAPD Budget Cuts Will Significantly Impact Public Safety, Closing Stations and Critical Units
This past December, the Los Angeles City Council approved a recommendation to cut over 1,000 Los Angeles Police Department officers and over 700 civilian law enforcement staff. Additionally, this comes on top of a $150 budget cut …
Read MoreBOMA/GLA’s Aaron Taxy officially elected as Vice Chair of the BizFed Political Action Committee
Aaron Taxy, BOMA/GLA’s Director of Government and Public Affairs, was officially elected as Vice Chair to the BizFed Political Action Committee. In effect, this new position makes Aaron the Chair-designate for 2023 through 2024. The BizFed Political Action Committee (PAC) is the well-resourced, highly effective sister PAC of the …
Read MoreWhat You Need Before You Can Roll Out a Smart Building
Not that long ago, smart buildings were seen as the wave of the future of commercial real estate. But the future is here now, and it’s not just new developments that are being built smart. Existing buildings are being refitted as smart buildings …
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