October 2015

Los Angeles City Council to Vote on Seismic Retrofit Mandates October 9, 2015

Los Angeles commercial real estate owners of non-ductile buildings may receive a notice in 2016 to comply with seismic retrofit mandates imposed by the Department of Building and Safety if the city council passes the ordinance on October 9, 2015. Non-ductile buildings are hard to determine according to Catherine Nuezca Gaba, a Building Civil Engineer at the city’s Department of Building and Safety.  According to the city ordinance to be voted on tomorrow a non-ductile building is a building constructed prior to 1976 building codes that has concrete floors and/or roofs supported by concrete walls with unreinforced masonry walls that perform poorly and collapse in the event of an earthquake. University California Students created a list of about 1,500 non-ductile buildings in the city of Los Angeles, Nuezca Gaba said.  However, the letter to comply to be sent to owners once the ordinance passes will have a checklist for them to complete.  How they answer the letter will determine if their building is non-ductile concrete. The ordinance requires the owner of a non-ductile concrete building to evaluate the required work within five years, and afterward complete all necessary retrofit work on the building within 25 years.

“I have relied solely on Lee Segal to handle the assets of two charitable trusts for the past 18 years. As a real estate broker with nearly three decades of experience, I can honestly say that Lee Segal is incredibly ethical and easy to work with, and has always done his best to represent me and my interests without interjecting his own opinions or doing anything for his own gain. His outstanding communication skills make everyone involved feel like they’ve won.” Kimberley Olson, Commercial Real Estate Asset Manager
Kimberley Olson, Commercial Real Estate Asset Manager