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BOMA California Outlines State Legislative Priorities for CRE

state legislative priorities

Though businesses are well into a full post-COVID economy, commercial, industrial, and retail real estate organizations are all still facing a number of state legislative challenges this season. From development to other increased costs of operation, a number of policies can make a significant impact …

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AB 1001 – A Step Backward on CEQA Reform and Housing Development

CEQA housing

The California legislature is pursuing a bill that would further endanger the state’s housing availability during a time when development is strongly needed. AB 1001 (Garcia, Cristina; D-Los Angeles) would create new highly subjective, non-quantifiable, and litigation-bait standards in CEQA that will threaten California’s economic recovery and ability to construct much-needed housing …

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The 2022 Ballot Initiatives You Need to Know About

ballot initiative

In gearing up for the November 2022 General Election cycle, advocates are beginning their process to gather signatures for 38 ballot initiatives that could significantly change state laws. From taxes to housing, and economic development, these ballot initiatives could prove consequential for years to come.

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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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