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After LA County Ends its Commercial Eviction Moratorium, LA City Moves in the Opposite Direction

businesses rent relief

Following two years of orders, the Los Angeles County Board of Supervisors moved to end the eviction moratorium on commercial tenants. This was a huge victory for commercial landlords and businesses that have endured economic hardships amid these moratorium orders. After commercial landlords originally struggled through the commercial eviction moratorium with no end in sight, the commercial eviction moratorium officially expired on …

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California’s New Annual Budget Shows Promise for CRE

governor budget

After almost two years of economic shutdowns, California State Budget is healthy and generating historic surpluses. Governor Newsom released his proposed budget for 2022-2023 on Monday and the Department of Finance followed up with a summary on everything included. California now has …

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SB 939 Defeated!

SB 939 leases

The California State Senate Judiciary Committee is considering SB 939 (Wiener) this Friday. In short, this bill allows commercial tenants to walk away from current leases. In addition, the bill also provides 12 months to repay the unpaid rent that accrued during the statewide shelter-in-place order. Certainly, this clearly abrogates …

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Vacancy Taxes are Ineffective and Harmful

vacancy tax

The Los Angeles City Council has studied the feasibility of vacancy taxes to reduce empty properties. In effect, this tax would create punishments and taxes despite many owners who are genuinely attempting to sell their space. Though, as seen in other cities, a fee with the intent to punish property owners will have a host of other effects that will undermine the ability for property owners to do business.

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Prop 15. Must Not Pass During COVID-19 Pandemic

split roll prop. 15

Split Roll is a cataclysmic issue for property owners throughout California. Unfortunately, the emergence of Covid-19 will only magnify the catastrophic impacts created by Split Roll. That is to say, the pandemic alone has already created disaster-level scenarios. With this in mind, it is obvious that passing Split Roll will massively exacerbate these issues.

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