Author: David Marino
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The Looming Post-Covid Industrial Real Estate Correction
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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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SAN DIEGO—The economy is healthy, but momentum pushing the pendulum toward a landlord’s market has slowed significantly in the UTC and Sorrento submarkets of San Diego, Hughes Marino’s David Marino tells GlobeSt.com EXCLUSIVELY.
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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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David Marino and his firm, Hughes Marino (which represents commercial tenants in lease negotiations), donated $5,000 toward the event — further pledging $5,000 per year to fund the fireworks as long as he resides in La Jolla (something Marino has done quietly since 2008, when he first learned the event was threatened with cancellation due to a lack of funds).
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One of the most rewarding aspects about working with commercial real estate tenants lies in the lasting relationships we form with our clients. The grand opening of ecoATM’s new 53,000 square foot facility on Barnes Canyon Road perfectly exemplifies this rewarding experience.
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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.
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Last week I served as a panelist at the InterFace California Commercial Real Estate Trends Conference held in Downtown Los Angeles. The overall perspective of the panel was that the economic outlook for Los Angeles, Orange County and San Diego is favorable, although there are some unintended consequences of tax policy and recently passed regulations that could pose big problems…
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Recently I led a presentation alongside Jerry Engen, SVP of Development at Westfield Shopping Centers, discussing the future of San Diego’s University Towne Centre (UTC) neighborhood. Suffice to say, the developments already underway, and those poised to begin, are going to absolutely transform this already upscale submarket of San Diego.
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Last week I had the opportunity to attend the Leaders of Integrity leadership development breakfast program series presented by Ethical Edge in Costa Mesa. The theme for the week was “Building Trust Through Connection” via the principles addressed in Dr. Henry Cloud’s book, Integrity: The Courage To Meet The Demands of Reality.