Commercial Real Estate

There really is no telling what life in a post-COVID world looks like, especially at this juncture. Alas, it goes without saying that the major, foundational changes that have come as a result of this awful pandemic will continue to affect every element of our current way of life.

Proposition 15: Increases funding for public schools, community colleges and local government services by changing the tax assessment of commercial and industrial property.

MR1 Restricted Light Industrial Zones are lands set aside for industrial and manufacturing use in the city of Los Angeles. According to the Los Angeles Municipal Code, the purpose of MR1 zones is “to preserve industrial land for light industrial uses and to provide for non-retail businesses which enhance the City’s employment base.”