Author: Scot Ginsburg
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Spaces We Love: Vistage’s Bright & Contemporary Headquarters
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One of the keys to a thriving business is having a high-performing team with top-notch leaders. These leaders possess the vision to set the company’s course, operate with sound purpose and foundational principles, and provide clarity and inspiration for staff members. Another important aspect that promotes happiness among staff members: office space! Scott has been…
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Finding the best deal when leasing commercial real estate demands strategy. You might be a poker player who knows how to hold your cards close to your vest. Or, you may be something of a chess master, always thinking three steps ahead. Those strategies are key—but neither is more important than knowing how to read “leasing microclimates.”
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Are you suffering from growing pains? That seems to be the ongoing buzz these days. Companies are raising money, increasing revenues, and hiring additional people. This presents the million-dollar question: How much space should a growing company lease?
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Commercial real estate has rebounded in most parts of San Diego County. So much so that it has been on a tear in the Class A office space arena during the last 18 months, with rents spiking between 25-40%.
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A real estate lease is often one of the largest recurring, fixed expenses for any business. Adding insult to injury, most leases provide for the rent to increase every year so that, even if the starting rent was reasonable, it often ends up being above market by the end of the lease term.
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While rents for office, industrial and retail properties are improving in some San Diego submarkets, they have a long way to go before returning to 2007 levels. Scot Ginsburg, a Hughes Marino senior vice president, said he has seen Class A office rental rates climb by nearly 30 percent in Del Mar Heights during the past 18 months, and nearly…
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Hughes Marino Senior Vice President Scot Ginsburg was nominated as one of the San Diego Daily Transcript’s 2013 Top Influentials this week. The Top Influentials nomination honors individuals who have made a difference in the region’s economy, business community or specific industry. Scot Ginsburg has been solely focused on exclusively representing tenants and occupiers of commercial space throughout his career.…
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The San Diego County office market vacancy rate dropped to 13.1 percent in the third quarter as leasing doubled to 837,273 square feet from the second quarter, CoStar Group reports. The second quarter rate was 13.6 percent on 352,979 square feet of new leased space after three quarters stuck at 13.9 percent. But the apparent improvement was uneven across the…
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San Diego-based real estate services firm Hughes Marino, which represents commercial tenants in leasing and purchase transactions, has named Scot Ginsburg as senior vice president. Ginsburg is leaving his post as managing director in the San Diego office of brokerage firm Jones Lange LaSalle, according to a Hughes Marino statement. Ginsburg also served previously as a local principal with The…
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How many products or hours of service does your company sell to retain $1.00 in net income? Instead of selling more products or hours of service, think about ways to reduce occupancy costs. Major expenses that companies incur are payroll, research and development, insurance, marketing, and real estate. Payroll, insurance, and research and development are difficult to justify cutting. What…
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A lease expiration is one of those down-the-road events that just seem to creep up on you faster than anticipated. All too often, the lease negotiation process does not obtain enough attention until close to the end of the current lease term.