Author: David Marino
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Five Mistakes Business Owners, Executive Teams And Corporate Real Estate Executives Make In Commercial Leases
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By David Marino Commercial real estate is a “learning by doing” business. It is one of the only industries where there is no single class to take, no rule book and essentially no regulation that prepares a commercial real estate professional for lease transactions. Having been in commercial real estate for 35 years, representing tenants…
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While you can hardly open a business periodical without reading about the meltdown of office space in the United States, until recently, few are talking about the slide of industrial real estate.
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In many real estate transactions, buyers and sellers assess the market value of a property using market comparables, or “comps,” of similar recently sold properties. Within residential real estate, comps are powerful indicators of market value since sales can be accurately compared (“comped”) with similar properties based on square footage, condition, age and other features like the number of bedrooms,…
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In 1954, Darrell Huff’s How to Lie with Statistics quickly became a standard textbook for any introductory statistics class, addressing thorny concepts such as random sampling, correlation versus causation and visual misrepresentation through scale manipulation or truncation. The book makes the case that we are all susceptible to being misled if we are not careful about the way we interpret…
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By David Marino Four years post-Covid, most employers and employees are now living the new normal—they are remote, hybrid or distributed, working where they thrive and often coming into the office three or four days a week. Right now, many companies have no formal policy as to days in the office, and most companies are […]
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Three and a half years post-COVID, and it’s universally understood that office commercial real estate is in crisis. Office vacancy rates have gone up 50% nationally due to companies downsizing as their leases expire and they implement remote working and hybrid work models. Yet national average asking rents for office space have not gone down… not by a single percentage…
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When the business community begins to open back up this year, many business owners and executive teams are going to look around at all of their excess space remaining from reductions in force and team members working from home post-Covid and wonder what to do about it. With the business community considering how to rebuild their organizations, there will be anemic demand…
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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 […]
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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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The federal government has slipped in a new tax increase on businesses that is going to catch financial executives unprepared and in conflict with their auditors in how to account for it. As of this year, parking expenses for employees, including an amount allocated to parking if not broken out in rent/lease payments, are nondeductible for tax purposes. The applicable…
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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…