Author: David Marino
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The Misapplication Of Comp Data In Commercial 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…
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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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The second quarter of 2014 saw an unprecedented drop in available space. In this last quarter, just over 1.8 Million square feet of office, lab, manufacturing and warehouse space came off the market in San Diego County. This level of absorption is greater than anything we’ve seen in the last eight years. For comparison, in the first year of the…
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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.
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One of the coolest things about working in the commercial real estate business is that there is always something new to discover. Just when you think “well, maybe now I’ve seen it all,” you’re reminded that the opportunity for innovation in office space is absolutely unlimited.
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The first quarter of 2014 continued to show the positive effects of the economic recovery and the jobs recovery on commercial real estate. The first quarter saw approximately 878,000 square feet of office, lab and industrial space come off the market on a net basis in San Diego county. This trend line shows a continued […]
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More than a year ago, we were approached by Deaf Community Services of San Diego to help locate a new corporate headquarters for their organization. DCS had outgrown their current Hillcrest space, and needed a facility that would better serve San Diego’s deaf and hard-of-hearing community.
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Further proof that San Diego has established itself as one of the top destinations in the world for biotech research, I recently had the privilege of touring the newly constructed J. Craig Venter Institute, which, I must say, is nothing short of spectacular. Located at 4120 Torrey Pines Road on the UCSD campus, the J. Craig Venter Institute was designed…
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Innovation and efficiency were major themes of an economic outlook hosted by San Diego State University’s Lavin Entrepreneurship Center and moderated by Stuart Sorenson of Duane Morris LLP. As the economy rebounds and challenges emerge, successful companies will learn to innovate and be more efficient with what they have. Businesses can also look to indicators of the market, like the…