July | 2025

BOMA/GLA is committed to keeping our members informed, engaged, and empowered to influence the policies affecting commercial real estate. 

Codes and Regulations Committee Chair Andy Hobbs and James McIntyre of DivcoWest spoke with Councilmember Nazarian’s office about the current state of commercial real estate and the challenges property managers are facing across Los Angeles.  

They emphasized the importance of streamlining permitting, ensuring public safety, and fostering job growth through responsible economic development. Both shared how the Councilmember’s roles on key committees could help shape policies that directly impact the commercial real estate sector. 

Legislative Victory

✊ Supporting SB 630 and AB 1138 - These bills expand California’s film tax credit to attract and retain production in the state, helping keep jobs and economic activity local. This supports demand for studio, office, and industrial space - benefiting commercial property owners in entertainment-driven areas.

Governor Newsom has signed the 2025–26 budget, which includes $750 million annually for the Film and Television Tax Credit Program - more than doubling the previous funding.

✊Defeating SB 789 - Thanks to strong coalition advocacy, this harmful vacancy reporting bill was stopped. It would have burdened commercial property owners with reporting mandates and opened the door to costly vacancy taxes. 

Our Government Affairs Committee also has their sights on:

Opposing AB 380 - If passed, this bill would impose rent caps and penalties on commercial leases during declared emergencies. It threatens the flexibility property owners need to negotiate leases and recover financially after disasters or market disruptions.

Status: It passed the Assembly and cleared the Senate Public Safety Committee, and now moves to the Senate Appropriations Committee.

Supporting AB 698 - mandates that cities publicly post a detailed economic analysis before adopting new real estate transfer taxes like Measure ULA. This would help improve transparency and allow commercial real estate professionals to assess how these taxes may affect transactions and asset values.

Status: It has passed the Assembly and moves over to the Senate! 

Our six active Regional Councils continue to drive grassroots advocacy, facilitate peer collaboration, and serve as platforms for members to raise local issues. 

Northeast Happy Hour

Please register for our upcoming Northeast happy hour on August 14 featuring speakers from Glendale and Burbank’s community development departments as well as a representative from Los Angeles Council District 2 (Councilmember Adrin Nazarian from the Toluca Lake & North Hollywood area).  

San Fernando Valley Regions Building Tour

We are happy to have a building tour of NBC Universal on August 18 to showcase a revitalized focus on California’s entertainment industry.

Our Sustainability Committee heard from Leading Edge Consulting Services on practical steps we can take together to implement and accomplish effective ESG (Environmental, Social, and Governance) reporting in our industry.

Codes and Regulations Committee showcased the Northeast LA region with updates from multiple city officials on permitting trends, timelines, and services to help our members.

At our Property Technology Committee, members explored how AI tools can streamline operations, cut costs, and enhance tenant satisfaction. These innovations offer practical ways to create amenity-rich environments that increase property value and market competitiveness.

Our Security and Emergency Preparedness Committee learned from LAPD on how to prepare for protests, acts of terror, and bomb threats at their properties. As well as what the new LA City public safety budget means for the commercial real estate industry.

Register here for the committee’s Active Shooter Awareness Training. 

The Government Affairs Committee (GAC) is actively tracking legislation and mobilizing member engagement around key policy areas impacting CRE:

• concerns over commercial rent control proposals 
• backing research on property transfer taxes  
• efforts to streamline the building plan approval process 
• vacancy tax initiatives

California Business Properties Association shared the negative impacts AB 380’s commercial rent control can have on the industry with our members. 

BOMA/GLA advocacy staff also met with the key LA offices. Including office of Council President Marqueece Harris-Dawson, and office of Councilmembers Eunisses Hernandez, Monica Rodriguez, Hugo Soto-Martinez, Heather Hutt and the Mayor’s office to discuss a self-cert motion, public safety, and broader concerns across the city. 

Experience an unforgettable summer night with BOMA/GLA at the Hollywood Bowl. Enjoy dinner, networking, a live performance by legendary band Chicago, and a fireworks finale - all while supporting our advocacy efforts through this vital PAC fundraiser! 

BOMA/GLA is advancing policies that strengthen the industry and support our members. Here's how we’re translating our advocacy priorities into meaningful action:

Addressing Homelessness  

We supported expanding California’s film and television tax credit to keep production - and jobs—local. Governor Newsom included this expansion in the state budget, doubling funding to $750 million annually. A stronger entertainment sector boosts demand for commercial space and supports economic growth—creating more resources to address homelessness through housing and services. 

READ: Hollywood/Wilshire Regional Council Showcases Entertainment Industry’s Role in Local CRE 

BOMA/GLA’s advocacy remains strong and focused on delivering real solutions for commercial property owners and managers.

Stay informed and engaged by following BOMA on the Frontline and participating in upcoming policy briefings, regional roundtables, power hours, and other advocacy events.

Stay informed about the latest advocacy developments and opportunities to take action. 

ANNUAL PARTNERS