News and Events

COVID-19 GUIDELINES

Via CBRE We wanted to reach out to you directly to inform you on how COVID-19 is effecting multifamily and provide some tips and guidelines to help you. The COVID-19 virus has presented extraordinary challenges that were hard to imagine a few months ago. We know that you might be struggling with the same issues of your multifamily units. We stand ready to provide tips and guidelines through this unprecedented time and have established a real-time resource center at www.cbre.com/covid-19 for the most up-to-date information and insights. Please see below for some tips and guidelines:

• Property Management/ Repairs & Maintenance considered essential business services.
• It is important to keep up on all building maintenance and management issues.
• Apartments can be shown and leased during quarantine.
• Please exercise social distancing by keeping 6 feet apart when doing all management business.
• Existing leases are still in full effect.
• Current and Existing evictions can still be processed.
• Rent is due on April 1st.

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Although the Assessor is not the Tax Collector, this notice is a courtesy on behalf of the Tax Collector

Statement from Keith Knox, Treasurer and Tax Collector on COVID-19 and April 10 Property Tax Deadline Si desea obtener información adicional sobre este aviso o si necesita la información traducida en español, por favor llame al 1(213) 974-2111 entre las 8:00 a.m. y 5:00 p.m. Tiempo Pacífico, de lunes a viernes, excluyendo los días festivos del Condado de Los Ángeles. "I understand that this is a very stressful time, especially for those suffering direct effects from this public health crisis, and my office is committed to helping in any way we can.  Los Angeles County property owners affected by the COVID-19 virus may have late penalties cancelled if they are unable to pay their property taxes by the April 10 deadline. We have no authority to extend the April 10 deadline, as outlined by State Law.  However, beginning on April 11, the day after property taxes are due, people unable to pay on time for reasons related to COVID-19 may submit a request for penalty cancellation online. The department has set up a special team to process these requests for those who demonstrate they were affected by the outbreak. We encourage all property owners who can pay their taxes on time to do so. This revenue helps keep the government running and providing vital services that the public relies on, especially in times like these. Since County buildings are currently closed to the public during this emergency, there will be no in-person payments. Instead, taxpayers can pay online, via telephone or by mail. There is no cost for e-Check payments online.  For online credit/debit card transactions, our card payment processor charges a 2.25 percent service fee. We have developed responses to our most Frequently Asked Questions (FAQs). Please click here for our FAQs Taxpayers can also visit https://ttc.lacounty.gov/, to review payment methods and several other online self-service options.  Taxpayers may also call (213) 974-2111 for additional information"

 

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Governor Newsom Issues Executive Order to Protect Renters and Homeowners During COVID-19 Pandemic

via OFFICE OF GOVERNOR GAVIN NEWSOM

The Executive Order authorizes local governments to halt evictions, slows foreclosures, and protects against utility shut offs

SACRAMENTO – Governor Gavin Newsom today issued an executive order that authorizes local governments to halt evictions for renters and homeowners, slows foreclosures, and protects against utility shutoffs for Californians affected by COVID-19. The Executive Order comes as Californians are experiencing substantial loss of hours or wages, or layoffs related to COVID-19, affecting their ability to keep up with their rents, mortgages, and utility bills... Read More

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Covid-19 Eviction Moratoriums by City

Via Apartment Owner's Association   Cities across the state have announced moratoriums on residential evictions due to those impacted financially by coronavirus.  This information is fluid and will likely be updated several times as more information comes in. Los Angeles – Sunday, March 15, Los Angeles Mayor Eric Garcetti tonight issued a moratorium on evictions and wide bans on dine-in restaurants and entertainment facilities in the city. The order came just minutes after L.A. County officials announced they were shutting down all offices starting [Monday, March 16th]…”L.A will also roll out a loan program later this week to assist the city’s 400 hardest-hit small businesses,” Garcetti said. San Francisco – Friday, March 13, Mayor London N. Breed announced a moratorium on residential evictions related to financial impacts caused by COVID-19. The moratorium will prevent any resident from being evicted due to a loss of income related to a business closure, loss of hours or wages, layoffs, or out-of-pocket medical costs caused by the COVID-19 pandemic. The Mayor issued this moratorium under the powers of the Local Emergency she declared on February 25th. Santa Monica – Monday, March 16, effective at noon, City of Santa Monica issued a supplement to the local emergency proclamation that requires two week closure of [non-essential businesses]. Read More

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Will The AI Revolution Kill The Back Office?

By Jarred Schenke via Bisnow "All it could take to empty out millions of square feet of back-office space in the next 10 years is a few powerful computers.Thirty-six million jobs, or 25% of all jobs in the U.S., are under heavy threat of being replaced by artificial intelligence, according to a 2019 report from the Brookings Institute. Another 52 million, more than a third of all U.S. employment, are considered at medium risk of being taken over by AI…" READ MORE

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Los Angeles City Council to Consider Requiring Owners to Obtain Permits Prior to Issuing Renter Notices to Vacate for Substantial Remodel Under AB 1482

By Stacy Jo via AAGLA "On Wednesday, February 19th, the Los Angeles City Council unanimously approved a motion directing the City Attorney to draft an ordinance that would require owners to obtain permits and provide a description of the work to be done, prior to issuing a notice to vacate due to substantial renovations. The proposed ordinance is to be retroactive to January 1, 2020 and would apply only to those renters who have received notices to vacate but are still in possession of their unit. As further background, the motion also references a similar proposal which was recently adopted by the Long Beach City Council. READ MORE

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Can’t You Read the Sign?

By Craig Mordoh, General Counsel “...Under Federal, State and some local laws, landlords are required to display certain types of signage…In West Hollywood, landlords that are subject to the West Hollywood rent stabilization ordinance must, at the beginning of each tenancy, provide information to each tenant by giving them a copy of a notice with the following information: (i) that the property is subject to the provisions of the Rent Stabilization Ordinance of the City of West Hollywood; (ii) that a copy of the ordinance and information about the…” READ MORE

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How To Avoid Security Deposit Disputes

By Patti Widget "Security deposit disputes are second to only late rent disputes when it comes to owner / renter problems and I think most of the problem lies in the fact that each party has their own idea of how a security deposit should be handled. I am certain you can imagine how polar opposites these two ideas are, but believe it or not, there are very standardized guidelines in the industry that if followed, will help you to avoid security deposit disputes from becoming inevitable…” READ MORE

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27th Annual SoCal Market Trends & Forecast – February 26, 2020

Join us Wednesday, February 26th for the 27th Annual SoCal Market Trends & Forecast event. AIR CRE has curated a panel of experts from different sectors of the CRE community who will share their insights into key trends and influences that are shaping the CRE landscape in Southern CA.

This marquee event is an annual favorite for both Members and non-Members, providing informative perspectives from CRE leaders and networking with industry power players and emerging talent.

KEY TOPICS

• Can industrial continue to grow at the same pace?
• What’s next for co-working?
• National and regional economic influences and SoCal market highlights How our insatiable appetite to have everything
• How our insatiable appetite to have everything delivered is impacting industrial space design
• New developments at LAX impacting transportation throughout the region
• Place making in Los Angeles – the Hollywood Park story

Register today to reserve your space!

5:00 pm: Registration Opens 5:00 pm – 6:15 pm: Networking & Cocktails 6:30 pm – 8:00 pm: Panel Discussion

JW Marriott Los Angeles L.A. LIVE 900 West Olympic Boulevard Los Angeles, CA 90015

PRICING:
Members: $179 Non Members: $219 Pricing includes: 2 Drink Tickets, Hors d’oeuvres, Program and Discounted Parking

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Southern California Idea Exchange – January 30, 2020

Long Beach Convention Center
Long Beach, CA United States

New Decade, New Retail. What Does the Future Look Like for Retail in 2020 and Beyond?

Southern California Idea Exchange provides the ideal platform for networking and deal making. Gain insights from colleagues regarding new opportunities and emerging trends in the industry.

Download the new ICSC mobile app here to explore our upcoming event offerings where you can connect, learn and road test ideas with other professionals.

Follow us on Facebook (@MyICSC), Twitter (@ICSC) and Instagram (@ICSC) for the latest event news and updates.
About this event series
Idea Exchanges provide education, networking, and deal making on a smaller scale than Regional Deal Making events. Gain information about the most current, local industry issues, and meet with local colleagues in the area.

Details
Questions?

If you have questions regarding this event, please contact the Event Contact listed below, or call +65 6532 3722. Event Contact

Julia Tiberio
jtiberio@icsc.com

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