Author: Jason Hughes
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How We Strive to Become a Category of One Company
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When we founded Hughes Marino 14 years ago, we had already spent 20+ years in the commercial real estate industry and recognized that there had to be a better way to help companies with their space. This realization led us to another question: If we could reimagine our own industry, what would it look like?…
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I got a call from a reporter asking about my individual position, as well as our company’s position, on a recent California draft Senate Bill (SB 939) that would provide potential rental relief for companies who suffered catastrophic loss of business due to the COVID-19 pandemic. The reporter assumed I would of course support it given my stance on only…
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What was once the unthinkable is now our reality. Outside of Bill Gates and maybe a handful of epidemiologists from around the world, I’m not sure anyone could have dreamt of a global social and economic lockdown to head off a global pandemic. So here we are, nearly three months of home quarantine, realizing that most of us can actually…
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High-volume portfolios of space held under lease have hundreds or thousands of individualized lease agreements spread over multiple locations nationally or worldwide. The type and quantity of lease data varies from site to site. This jigsaw puzzle, if you will, interests bright minds in commercial and corporate real estate, and can attract new talent to the field. Property portfolios of…
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Legislation introduced in California intended to prohibit CRE brokers from acting in a ‘dual agent’ capacity and represent both sides of the same commercial property transaction was turned back this week. California Assembly Bill 1059 was introduced last year by Assemblywoman Lorena Gonzalez Fletcher, D-San Diego. However, business and real estate groups opposed the bill as written and language banning dual…
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I’ve been fortunate to have many very special experiences, both personal and professional, with my family. But the morning of June 12, 2017, certainly ranks as one of the top professional experiences I can think of.
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Two brokers have left CBRE to open a Seattle office for San Diego-based Hughes Marino next week. Owen Rice, formerly senior vice president at CBRE, joins Hughes Marino as executive vice president. His colleague, Gavin Curtis, will serve as vice president.
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Industry opposition is likely to be huge, but Jason Hughes is pushing for California to go a step further when it comes to dealing with the practice of brokers representing both landlords and tenants in the same real estate deal — by banning it altogether.
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Landlords would prefer to keep you in the dark – which is why our team at Hughes Marino collectively spends tens of thousands of hours advocating for the rights of our tenants during lease negotiations. But what about after everything is said and done and the lease is signed – how can you be sure your landlord isn’t billing you…
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For far too long in the world of commercial real estate, the customer has not come first. Deep-pocketed industry manipulation allows brokerage companies to represent both landlords and tenants in negotiations—an obvious conflict of interest. State legislation was recently passed, and a tenants’ rights group is being formed to address the problem. For now, though, those are small steps in…
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Imagine a campaign manager working for two opposing candidates. Or a law firm attempting to defend both plaintiff and defendant. People and companies tend to steer clear of such arrangements and their inherent conflicts of interest, whether inspired by statute or common sense. But the business of real estate has for decades operated knee deep in dueling allegiances, to the…