Author: John Jarvis
-
How Rents are Determined in Commercial Real Estate
on
A brief history of price setting and information warfare By John Jarvis We live in an age of data and AI is weaponizing that data. Depending on where you sit, all that data is either your best friend or your fiercest foe. Imagine you are shopping for a new car. You call up your local…
-
There is nothing better than being a part of a fantastic team, when everyone contributes, and the outcome is greater than the sum of the parts. And then there are those exceedingly rare moments, when the right people team up and the result is nothing short of alchemy—magically, metaphorically turning base metals into pure gold. In this case I am…
-
I have a theory. I actually have lots of theories. My friends find it mildly annoying and sometimes entertaining. This theory is about “The Great Resignation.” Some pundits are saying that the Great Resignation is reflecting a shift in the balance of power from employers to employees, and about getting employers to step up and pay a “fair” wage. And…
-
I have been talking a lot with our brokers here at Hughes Marino about getting out on wilderness adventures as a team. For my part, I typically have one or two trips on the calendar at any given time, either with the National Outdoor Leadership School (NOLS) or Cairn Leadership Strategies. The NOLS Alumni trips are a week long, but…
-
I am going to take a deep dive here down another rabbit hole and try to explain one of the more interesting and unusual aspects of commercial real estate. Let’s call it the “Free Rent Game.” I am going to assume that you understand cap rates; what they are, how they function and how they exponentially super-charge the rent that…
-
The year was 1965 when Art Gensler along with his wife and an associate founded the architectural firm in his name to specialize in corporate interiors. Gensler has since become a global powerhouse and a thought leader in the field of office design. Each year the firm comes out with an annual report, and with each annual report we seem…
-
Public speaking wasn’t my thing. I just didn’t see myself as a talking head, standing on stage, pontificating. So throughout last year and earlier this year I decided to try and improve my on-stage presentation skills with a talk I developed titled “The Role of Real Estate in Organizational Culture.” I have now given this talk to the Society of…
-
When I was an economics major at the University of California, Santa Barbara, I remember my first introduction to the concept of risk and return. A simple graph presented in Econ 101 represented the potential for increasing returns commensurate with increasing risk, up and to the right as far as your nerves can handle it. And down to the left,…
-
Thursday, April 16th began and ended with webinars. That may be true for a lot of folks in this work-from-home twilight zone episode we are all living through. But for me, the stark contrast between the projections and predictions of these two senior commercial real estate industry professionals was striking. In the morning I listened to David Marino, Executive Vice President…
-
Working from home in the midst of this crisis is hard. It is hard to focus. It is hard to stay motivated. It is hard not to worry about the spread of COVID-19 and how the world in which we live will have been forever changed when we finally emerge from this self-induced isolation. In dark and challenging times, leaders…
-
As the leading national advocate for commercial tenants, our team at Hughes Marino is working seven days a week right now to help our clients navigate these unprecedented times. Your company’s revenue forecast is suddenly suspect while your expenses are stubbornly fixed. And your real estate cost is one of the big numbers on that damn expense statement. Interestingly, one…