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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The commercial real estate market in San Diego County continued its strong recovery in Q2 2015. Coming on the heels of a flat first quarter, this past second quarter saw another 1,245,000 square feet of office, lab and industrial space come off the market throughout the region. To put that number in perspective, it amounts to 3.7% of all space…
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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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San Diego County commercial real estate numbers are spotty for the first quarter of 2015, as the consistent decline in supply over the last five years appears to have bottomed out. The total available supply of office, lab and industrial space for the county was 33.8 million square feet at the end of 2014, and actually increased slightly in the…
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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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2014 ended as the strongest commercial real estate market since 2006. In the San Diego County region, 5.7 million square feet of office, lab and industrial space came off the market on a net basis. Just to put that in perspective, that would be as if all the office space in UTC was vacant at the beginning of the year,…
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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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Third quarter 2014 ends with continued, dramatic improvement in the commercial real estate market across all product types. In this past quarter…
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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…