Posts Tagged ‘city of los angeles’
Why Measure ULA Is Holding Back LA’s Real Estate Market
When Measure ULA was introduced, it was marketed as a way to tax luxury properties and fund affordable housing. Instead of delivering on that promise, the tax has contributed to a slowdown in property sales and raised concerns about the future of the real estate market in Los Angeles.
Read MoreUnderstanding the Impact of the Proposed Tourism Worker Wage Increase
A proposed minimum wage increase for tourism workers in the City of Los Angeles could have wide-reaching effects.
Read MoreImproving Bus Safety: LA’s Plan to Protect Drivers and Passengers Amid Rising Crime
The Los Angeles City Council Transportation Committee has approved a list of recommendations to improve safety for bus operators and passengers in response to rising crime rates on public transit.
Read MoreJim McDonnell Named LAPD’s New Police Chief
Mayor Karen Bass has selected Jim McDonnell as Los Angeles’ next police chief, concluding a months-long search.
This 28-year LAPD veteran and former LA County sheriff will have to lead the department through major upcoming challenges like the 2028 Olympics.
Governor’s Veto Delays LA’s Progress on Adaptive Reuse
Assembly Bill 2910 was vetoed by Governor Gavin Newsom this week.
Read MoreMayor Karen Bass Accepts the Olympic Flag
Mayor Karen Bass accepted the Olympic flag at the Paris closing ceremony. This “passing of the torch” signifies LA is ready to take on the Olympics and Mayor Bass explains how.
Read More2024 Operating Benchmark Report is Now Available
We’re excited to announce that the 2024 Operating Benchmark Report is now available! For the second year in a row, taxes and insurance are the top building expenses.
Read MoreLA Convention Center Expansion Aims to Transform City Ahead of Olympics
Los Angeles city officials have recommended fast-tracking the Los Angeles Convention Center expansion to be completed before the 2028 Summer Olympics.
Read MoreLA 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.
Read MoreCity Aims to Use Performance Standards to Decarb Existing Buildings
The City of Los Angeles is developing a new program focused on decarbonizing existing 20,000 Sq. Ft. residential and commercial buildings. This program will be developed by LA’s Department of Building & Safety in alignment with the city’s Green New Deal and stems from an existing building decarbonization ordinance previously passed.
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