Californians will face 10 statewide propositions on the November 2024 ballot. The propositions cover topics from education and climate change to criminal justice reform and rent control. Other proposed ballot measures either did not secure enough signatures or were removed through negotiation or court order. What remains will still have an impact on our industry and beyond.
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The Los Angeles County Board of Supervisors has approved creating an ordinance, that if approved by voters it would increase the number of supervisors from five to nine. Each supervisor currently represents about 2 million people. The expansion would reduce this to about 1 million per district.
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The Los Angeles County Board of Supervisors has unanimously passed a motion to analyze commercial rents in the county.
Its motion would also explore new regulations for those who lease to small businesses and non-profits.
This motion is a first step toward more interference in commercial leasing. And it will further burden an industry that is still trying to recover.
Governor Gavin Newsom has just signed Assembly Bill 2288 and Senate Bill 92. This reform to the Private Attorneys General Act (PAGA) affects how California labor code violations are addressed.
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State Senator Menjivar recently introduced a new bill that would add new requirements and limit security deposits for landlords renting to small businesses and non-profits. Effectively, this would impose a rent control policy for commercial real estate.
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Are you ready to future-proof your property and stay ahead of the curve in 2025 and beyond? Join us for “Future-Proofing Your Property: Budgeting for PropTech Advancements in 2025 and Beyond,” an essential seminar for commercial real estate professionals. Whether you’re a property manager, owner, or service provider, this event is tailored to help you navigate the fast-paced world of property technology.
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California’s new law against workplace violence goes into effect July 1st, 2024. Senate Bill 553, now incorporated into the California Labor Code, requires that all employers in California create a Workplace Violence Prevention Plan (WVPP).
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The California Supreme Court voted to remove the Taxpayer Protection and Government Accountability Act (TPA) from the November ballot. TPA aimed to reinstate the two-thirds majority vote requirement for new taxes and grant voters the authority to approve or reject new and increased taxes.
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California’s frequent droughts have led to incentives from agencies like the Metropolitan Water District (MWD) and the LA Department of Water and Power (LADWP).
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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.
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Opinions expressed in this article are those of the author and do not necessarily represent the positions of BOMA Greater Los Angeles. For media inquiries and questions about BOMA/GLA's policy positions, please email [email protected]. You can also find additional information about our policy positions on our website.