January 30, 2026

BOMA California Thanks Tracy Hernandez for 18 Years of Leadership and Partnership at the Los Angeles County Business Federation

BOMA California extends its sincere thanks to Tracy Hernandez as she concludes her service as Founding President and CEO of the Los Angeles County Business Federation (BizFed) after 18 years of impactful leadership.

From its founding, Tracy helped unite a diverse business community around a shared mission — strengthening the collective voice of employers and engaging earlier and more effectively in the public policy process.

Her commitment to collaboration and breaking down barriers across regions and industries helped position BizFed as a powerful advocate for California’s business community.

“Tracy’s leadership demonstrated the power of collective action,” said Matthew Hargrove, CEO of CBPA. “She has been a valued partner and a tireless advocate for policies that support economic growth, job creation, and responsible development. We thank Tracy and her team for their years of collaboration and look forward to continuing our strong partnership in the future.”

BOMA California is grateful for the strong partnership we have shared with Tracy and the BizFed team over the years and looks forward to continuing that collaboration as BizFed enters its next chapter.

You're Invited: California Commission on Disability Access Business Community Stakeholder Summit | Tuesday, February 24 10:00 AM - 11:30 AM via Zoom

CCDA, on which BOMA California's Sarahann Shapiro serves, invites members of the business community to participate in a Business Community Stakeholder Summit as part of our ongoing strategic planning process. CCDA is currently developing a five-year Strategic Plan that will be completed in 2026 and will guide the Commission’s work through 2030.

This summit is intentionally designed as a facilitated listening and discussion session to gather perspectives from business stakeholders that may help inform this process. The summit will provide an opportunity for business stakeholders to engage in dialogue with one another and share insights related to accessibility, compliance, and partnership with CCDA. Input shared during the discussion will be considered alongside other stakeholder feedback as CCDA continues to refine its strategic direction.

Click here to register for the Zoom Summit

Join CBPA and BOMA California for a Special Legislative All-Star Lunch

Join commercial real estate industry leaders as we celebrate some of Sacramento’s all-star lawmakers. You won't want to miss this opportunity to connect with peers and state representatives in a stunning 15th floor venue overlooking the Capitol!

Click here to learn more and register!

2026 Legislative All-Stars: Pictured left to right: Assemblymember Greg Wallis, Assemblymember Diane Dixon, Assemblymember Lori Wilson, Assemblymember Rebecca Bauer-Kahan, Assemblymember Cottie Petrie-Norris, Assemblymember Patrick Ahrens, Senator Laura Richardson

Key Bills in Motion

AB 1439 (R. Garcia) – Pension Investments and Labor Standards (Oppose)

AB 1439 restricts pension fund investments in development projects unless they meet specific labor standards, creating legal conflicts with existing agreements and reducing overall housing investment. The bill increases project costs and further strains statewide affordability.

STATUS: The bill passed the Assembly Floor on a 44-36 vote and will move to the Senate. 

Click here to read our opposition letter

SB 667 (Archuleta) – Rail Operations and Safety Restrictions - (Oppose)

SB 667 would impose new operational restrictions and liability exposure on freight rail operations, creating significant uncertainty for rail-dependent supply chains across California. By expanding regulatory requirements beyond existing federal rail safety standards, the bill risks disrupting goods movement, increasing costs for shippers and consumers, and undermining statewide economic and infrastructure reliability.

STATUS: The bill passed the Senate Floor on a 26-11 vote and will move to the Assembly.

Click here to read our opposition letter.

Mark Your Calendars - 2026 Signature Events

Fact Sheets On New Laws Impacting CRE Now Available

Follow BOMA California On LinkedIn!

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