Legislation
After LA County Ends its Commercial Eviction Moratorium, LA City Moves in the Opposite Direction
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 …
Read MoreCalifornia’s New Annual Budget Shows Promise for CRE
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 …
Read MoreICYMI: Amid Another Statewide Order, LA County Requires Workers to Wear Medical Grade Masks
Following a notable surge in COVID-19 cases and the spread of the highly infectious Omicron variant, LA County moved to require a stricter mask mandate for all county employees. This is in tandem with California’s decision to extend its own statewide mask mandate for indoor …
Read More3 Grocery Stores to Shut Down after City Council approves Hazard Pay Ordinance
After the City voted to approve a mandatory $5 hazard pay ordinance for grocery and retail businesses on March 3rd, 3 major LA grocery stores announced that they will be forced to shut down. Councilmember John Lee, who voted to reject the …
Read MoreBOMA/GLA Opposes Proposition 15, California’s Split Roll Initiative
The best way to describe what is going on with Split Roll was given by previous California Governor Jerry Brown: “Messing with Prop 13 is a big, fat loser.” Despite this, Prop 13 protections for commercial property owners will be challenged this November. Officially known as Prop 15, Split Roll is …
Read MoreLA City Rejects Vacancy Tax for Now, But Will Consider it for 2022
Fortunately, during Wednesday’s Special Meeting, the Los Angeles City Council moved to stall consideration of their vacancy tax. Originally, the motion called for placing the vacancy tax on the November 2020 ballot. However, Councilmember Mike Bonin, the main advocate behind the tax, admitted that there …
Read MoreSB 939 Defeated!
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 …
Read MoreVacancy Taxes are Ineffective and Harmful
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.
Read MoreWho Must Provide Lactation Accommodations?
Controversial yet widely supported by legislators, new laws regarding lactation accommodations in California have been brought to the State Legislature over the past few years.
Read MoreProp 15. Must Not Pass During COVID-19 Pandemic
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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