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ALERT – SPLIT ROLL PROPERTY TAX INITIATIVES FILED
On November 6th, two initiatives were filed to change Proposition 13 and end tax protections for commercial real estate by enacting a Split Roll Property Tax. Multiple sources indicate that the California Teachers Association (CTA) is the sponsor of these measures.
These two initiatives join one other measure introduced last month, and come after successfully defending Proposition 13 in several different venues this past year, including legislative measures, in the state budget, and at the Tax Commission.
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NEW INAUGURAL BOMA/GLA INDUSTRY EVENT:
REAL ASSETS PERSPECTIVES & TRENDS 2010
BOMA Greater Los Angeles is pleased to announce our inaugural commercial real estate industry event,Real Assets* Perspectives and Trends 2010. With an expected attendance of more than 400 commercial real estate professionals, the program will be held on Thursday January 7, 2010 at the Millennium Biltmore Hotel in downtown Los Angeles. Real Assets will offer industry professionals a fresh and new perspectine on the economic markets and industry trends, on both the national and local level. RealAssets will provide participants with valuable information they can add to their arsenal as we arm ourselves to conquer what continues to be a challenging economy.
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BOMA Beat:THE NEW BOMA/GLA QUARTERLY PUBLICATION
BOMA Beat, a cutting-edge quarterly newsletter, offers a portable way to gain important industry information and communicate with your BOMA/GLA colleagues and clients.
BOMA Beat - Fall edition provides members with a brief update on the association's activities in the areas of advocacy, education and networking. BOMA Beat - Fall 2009
LADWP ANNOUNCES PROPOSAL TO RAISE ELECTRIC RATES
The LA Department of Water and Power (LADWP) asked recently for an increase of 2 cents per Kilowatt Hour in current commercial and residential electricity rates in order to maintain support for the Department’s double A Bond rating. The increase would be capped at 10% in any one year.
With rising energy costs, partly due to the City’s commitment to increased use of renewable energy sources such as solar and wind, the LADWP believes additional funds will be needed to maintain cash for debt service and keep debt below 60%, an important threshold in financial markets.
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ADVOCACY
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EDUCATION
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NETWORKING
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We are dedicated to creating and maintaining a healthy business environment for building owners and managers and the tenants we serve.
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We provide our members with the latest tools and techniques of effective real estate management to meet the demands of a rapidly changing legal and professional environment.
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We bring our members together through a variety of activities to build their professional network. The strength of our community is through the relationships we build.
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