Author: Hughes Marino
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Hughes Marino Advises on the Transformation of a Former Downtown Gym into Sanctuary, a First-of-Its-Kind Luxury Wellness and Longevity Club
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As the traditional big-box gym gets squeezed, premium wellness and longevity concepts are moving into the real estate it leaves behind. A former 24-Hour Fitness in Seattle’s Denny Triangle will reopen April 1, 2027, as a 45,000-square-foot, state-of-the-art destination for performance, recovery and longevity. Hughes Marino Executive Managing Director Owen Rice, who has advised founder…
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At Hughes Marino our eighth core value is to “give generously to others.” Some of the most meaningful expressions of that value take shape outside the office, in the causes that our team members devote themselves to on their own time. Vice President Mack Bonebrake is one such example. Mack volunteers at a high level helping raise awareness about Alport…
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A commercial lease agreement is not a standard form; it’s a negotiated contract, and every clause in it was written by someone with an incentive. In most cases, that someone was the landlord’s attorney. The result is a document that, in its default form, systematically transfers risk from the landlord to the tenant: cost exposure, operational restrictions, exit barriers and…
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Signing your first commercial office lease is one of the most significant financial commitments your business will make. Most first-time tenants approach this transaction the way they approach renting an apartment: focused on the monthly rent number, moving quickly to get the space they want, and trusting that the paperwork is more or less standard. It is not. Commercial leases…
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If you’ve ever approached a landlord or a listing agent directly about commercial space, there’s a good chance you’ve heard some version of this: “You don’t really need your own broker. I can help you find what you need.” Sometimes it comes with a sweetener: “We can pass along the commission savings to you on the rent.” It sounds reasonable.…
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Our advisors have sat alongside thousands of leadership teams working through a commitment most companies face only once every five or 10 years, and one of the largest they will ever sign. After enough of those negotiations, patterns emerge. The industries may change, the buildings certainly change and the market cycles turn, but the counsel we give tends to circle…
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Key Takeaways By now, you as a business owner or operating executive in metro Denver can likely sense that industrial real estate here is softer than it’s been in years. But how soft is it really for building owners? Ten years of data on Denver’s industrial availability (including space under construction not yet vacant and sublease space) and asking rents…
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The commercial real estate market is the softest it has been in decades. For companies that occupy office, industrial or lab space, these conditions only cycle in about once a decade, so it’s the right time to be proactive about your lease even if you have a year or more left. Across nearly every market in the country, there is…
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Ask most business leaders what drives growth and you’ll hear about market timing, strategy and execution. At Hughes Marino, the answer has always been simpler, yet much harder to replicate: people and culture. From day one with our first office to fifteen years later and the expansion across 15+ cities nationwide, that belief has never wavered. Build the right team,…
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How Tenants Can Right-Size, Redesign & Renegotiate for 2026 Most tenants signed their current lease before hybrid work became more common. Now, companies across industries are sitting in offices designed for five days a week, paying for space that often sits partially empty. This guide covers how to assess what you actually need, design for the way people work today…
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Expanding your office in 2026 requires more than just extra square footage. It calls for data-driven decisions, flexible negotiations and strategic foresight. Market conditions are shifting, hybrid work is evolving and build-out costs remain volatile. This checklist distills industry best practices, negotiation strategies and key financial insights to help commercial tenants execute expansion plans with confidence. Whether you’re adding adjacent…