Author: John Jarvis
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Horses, Wolves, Scouts and Seals
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It is my pleasure to serve on the Board of Advisors for YMCA Overnight Camps, where we oversee three great year-round resident camps: Camp Surf, Camp Marston and Raintree Ranch. It was in a conversation about Raintree Ranch, a camp where kids learn to ride and care for horses, where I learned something interesting. A…
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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…
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This prolonged work-from-home, physical distancing experience has been hard. I think we all need to acknowledge that. Undoubtedly there is a spectrum, from hard to harder to hardest, and I believe we all fall somewhere on that continuum. And now that case counts are declining and vaccinations are increasing there is growing dialogue about when we will return to work,…
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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…
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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…
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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,…
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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…
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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…
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We are adrift in uncharted waters. The pathogen currently wreaking havoc around the world is novel, and so is the current collapse. I have personally witnessed three prior economic declines, but never before has the global engine of industry been turned off intentionally, by governments, overnight. And now we all have to figure out the rules of this new game.…
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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…
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As the nation’s leading advocate for corporate tenants in real estate lease negotiations, Hughes Marino is playing an important role right now. Our phones are abuzz, and what’s most alarming is the leading question that we are being asked. Should I pay April rent? And the tricky, brutal and honest answer is, it depends.