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LA Budget Impacts on CRE

Los Angeles Mayor Karen Bass and the City Council recently approved a $12.8 billion budget for the 2024-2025 fiscal year. Budget cuts affecting staffing might lead to delays in permitting and inspections for commercial real estate projects, which could also affect security measures.

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Measure HLA Poised to Pass

homelessness

Measure HLA is poised to pass after achieving a margin that is unlikely to change with the remaining ballots. 

It requires the city complete planned improvements from its Mobility Plan 2035 each time it makes other street upgrades. 

A late opposition campaign from the firefighters union was not enough to prevent this measure’s passage.

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Interim Police Chief Selected for LAPD

The city has selected an interim chief after the announcement last month of Chief Michael Moore stepping down as Chief of LAPD.
The Board of Police Commissioners selected Assistant Chief Dominic H. Choi. Chief Choi is a 28-year veteran of the department and the first Asian-American to serve as the city’s top cop.

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