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Allen Nobel

Allen Nobel has 2 articles published.

SB 6: California Legislative Initiatives Pave the Way for Residential Expansion in Commercial Zones 

in Public Policy/Real Estate/Volume VI
Corporate building facade in office windows made of glass and steel frame in Frankfurt am Main

By Allen Nobel  Introduction: In the ever-changing world of California’s commercial real estate, a notable trend is emerging: the repurposing of vacant office spaces into multifamily units, industrial facilities, and retail establishments. According to the Winter 2024 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey, about a quarter of property owners and operators across…

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Assessing Los Angeles’ Measure ULA: Objectives, Efficacy, Impact, and Legal Compliance

in Real Estate/Tax/Volume VI

By Allen Nobel Introduction Measure ULA, the “Mansion Tax” or the “Homelessness and Housing Solutions Tax,” voted on the November 2022 ballot, aimed to raise taxes on property sales exceeding $5 million within the City of Los Angeles. Measure ULA was approved by voters and became a legally binding ordinance on April 1, 2023.[1] Amidst widespread debate,…

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