HM Blog
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The Office Market Begins Searching for a Bottom
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After three years of spiking office space availability rates, 2024 was the first year where the U.S. office market began searching for a bottom. Most metro markets did not see office availability rates materially rise or fall over the last year, which is good news for owners, suggesting that the markets might be stabilizing. There…
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This past Friday Hughes Marino flew our entire ninety-person team for an all-hands gathering in our newest office overlooking Puget Sound in Seattle. That’s a lot of plane tickets. And a lot of lost productivity for this hard-charging and highly productive team. Or maybe it was actually the highest and best use of our time; coming together, in person to…
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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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It’s very likely that over the next few years the biggest economic development of office space in all of San Diego County will take place in Chula Vista…not in North County and not Downtown. Recent steps for earth-shaking commercial real estate development have been approved in the Otay Ranch Community. The rise of the South County is upon us.
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In 2005 I joined, what was then and is still today, the world’s largest commercial real estate brokerage company. For 12 years, I built my portfolio of clients providing them the best service I was capable of providing. During my tenure, I was consistently recognized as a top performer both within my former organization and industry-wide. In 2015, I was…
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Having represented commercial real estate tenants for 26 years, I have always known that the best way for a tenant to get value and low cost has been to find a good sublease. In fact, we have some clients that move from sublease to sublease, every other year finding the cheapest deal they can. This strategy is great for companies…
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We are honored to announce that Hughes Marino’s COO and Owner Shay Hughes was recently named a Women of Influence by L.A. Biz! Shay made the list along with 26 other inspirational women who have made a significant impact across Southern California. We are humbled to have Shay recognized among so many accomplished women. Each of the honorees were asked…
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To paraphrase Dr. Seuss, oh the games that landlords will play. Building measurement is one of those games. It is a complicated subject, to be sure. In this paper, I will hit the basics including BOMA, the changing BOMA Standard over time, a few key concepts and phrases and the latest strategies landlords are using to grow their buildings and…
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CBRE Group is the world’s largest “full service” commercial real estate services firm, with 70,000 employees in 400 offices and 2015 annual revenues of $10.9 Billion. Truly impressive. And problematic. You see, CBRE’s business model is to serve both property investors and the companies that occupy those investment properties. They want to represent the buyer and the seller, the landlord…
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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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As a commercial real estate broker, sometimes I feel like I am haggling over pennies. When rental rates are quoted on a monthly basis, we can be negotiating for days over $.05 per square foot! Are we crazy? Is this sheer lunacy? It sure doesn’t sound like a lot of money when it is put in these terms. But it…