Governor Newsom signed several new bills affecting multifamily housing into law, many of which will go into effect in 2024. See below for a summary of new laws taking effect. AB-1418: Effective January 1st, 2024, tenants will no longer be able to be evicted based on calls to law enforcement, suspected criminal activity or other alleged nuisance activity. SB-712: Effective January 1st, 2024, Tenants will be allowed to charge electric scooters and electric bikes in their apartments as long as the battery meets certain safety standards. SB-4: Effective January 1st, 2024, restrictions on churches, religious organizations and, non-profit colleges will be removed allowing them to build affordable housing on their land. AB-12: Effective July 1st, 2024, tenants will no longer have to pay several month’s rent as a security deposit. This bill caps the amount a landlord can charge to one month’s rent.
The Main Street restaurant and nightclub will close at the end of the month. The city has approved plans for a private members club to take over....
The Bloc, a massive mixed-use complex in the heart of downtown Los Angeles, is on the block for sale as the commercial property market shows signs it is bottoming out with buildings changing hands at big discounts. ...
A pet project of architect Frank Gehry, a smaller concert hall to complement his legendary Walt Disney Concert Hall, is taking shape in downtown Los Angeles for an opening next September. ...
