Author: David Marino
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The Top 7 Most Valuable Commercial Real Estate Terms For Business Leaders
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By David Marino Commercial real estate leases are packed with terms and concepts that can catch even the savviest executives off guard. From hidden costs buried in rent structures to overlooked clauses that create real financial risk, understanding the language of leasing is essential. This can serve as a guide, breaking down key terms every…
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To understand how Proposition 15 would affect property taxes for commercial real estate, one must first understand how property taxes are assessed today. California commercial and residential property taxes are limited by Proposition 13, whereby property tax is fixed at 1% of the original purchase price, with annual increases thereafter capped at a maximum of 2% per year. Prior to…
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By David Marino As we emerge from the shelter in place order, many companies will find themselves with excess space or facilities that they no longer need. Certainly, a good portion of the millions of layoffs over the last few months were office and manufacturing workers whereby many companies simply will not need the amount of space that they contracted…
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The story of the “canary in the coal mine” is an advanced warning of danger. The metaphor originates from when miners used to carry caged canaries while at work; if the air in the mine became toxic, the canary would die before levels of gas became hazardous to humans. Many of our clients consider Hughes Marino the canary—an alert system…
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Office space can play a huge role in the energy and productivity of a team, and AbacusNext definitely had this in mind when designing their innovative space. Their firm is a technology solutions provider for legal and accounting professionals used by clients worldwide, and their office serves to inspire and invigorate. Surroundings can significantly increase productivity and employee culture throughout…
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SAN DIEGO—Despite a large number of layoffs and some space returning to the San Diego market from Qualcomm, the office sector is robust and looks to be strong at least through 2016, Hughes Marino’s EVP David Marino tells GlobeSt.com. The corporate user vacated 254,000 square feet in its most recent cutbacks, but Marino says all of this space has been…
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The life science industry in San Diego is smoking hot, to the point that we are now seeing a near-shortage of available lab space in the region. Huge injections of capital from private investors, along with a wide-open window for life science IPOs, have left biotech, medical device and diagnostics companies flush with cash. These companies are snapping up wet…
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Hughes Marino was recently selected by The Enthusiast Network (TEN) to locate, negotiate, and completely renovate a new office space and tech center that would reflect the core values and vision of the company. Our brokerage and construction management teams were stoked to take on the assignment, and we found the perfect 61,000 square foot space to house TEN, located…
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Commercial Real Estate Developer Cruzan – known for thinking outside of the box when it comes to rethinking the environments in which people work – has made a bold statement in Carlsbad with its MAKE redevelopment project. The project’s stated vision was to develop “an office campus for ambitious and innovative companies that demand a work environment which sets them…
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For over a century, commercial real estate brokers have had their familiar “For Lease” signs on buildings, marketing vacant space for building owners. Even deeper in their service offering to landlords, these firms manage the buildings, help with financing, co-invest in the real estate (and often own the real estate themselves) and advise property owners in the purchasing and selling…
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When Kim Salzer, CEO of Gifts.com tasked Hughes Marino with helping her find new space for her LA-based team, she came to us with a very specific vision. “We wanted a space hip enough to fit the sensibilities of our company, and inspiring enough to keep our incredible team happy and comfortable at work,” Kim said.
