HM Blog
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Industrial Real Estate Begins to Tumble
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While industrial rents peaked between 2021 and 2023, industrial real estate now enters 2026 almost in free-fall. Industrial landlords and their brokers have been pulling the wool over commercial tenants’ eyes for too long, publishing asking rents that haven’t changed materially since 2023, or not posting rents at all with listing asking prices shown as
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The federal government has slipped in a new tax increase on businesses that is going to catch financial executives unprepared and in conflict with their auditors in how to account for it. As of this year, parking expenses for employees, including an amount allocated to parking if not broken out in rent/lease payments, are nondeductible for tax purposes. The applicable…
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Have you ever invested everything into a goal and then come up short? Coming just within reach of the thing you’ve been working towards for weeks, months or maybe even years, only to fall short by the narrowest of margins? For me, that margin was two one hundredths of a second, the equivalent of a fingernail length.
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Every year for the last four years I have taken a trip into wilderness with the National Outdoor Leadership School (NOLS). Each and every time it has been rich, relaxing and rewarding. And each time I try to capture some essence of the experience that I can share with my team and my family and friends back home in the…
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Something happened in July 2019 that warrants considerable attention. The U.S. economy pushed through 120 months to reach the nation’s longest ever economic expansion. This phenomenal economic story demonstrates the resilience of American businesses and the consumer. Along the way, equity markets as measured by the Dow Jones and S&P 500 have more than quadrupled, while commercial real estate values…
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I’d like to think I’m pretty “Zen.” I have done a pretty good job of quieting my inner critic, that voice in our head that can sometimes bark out like an angry drill sergeant. “Jarvis, what the hell? Are you kidding me? You are utterly incompetent, an embarrassment, you should be ashamed of yourself!” OK, maybe it is just me,…
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I feel so fortunate to work for this remarkable company, Hughes Marino, that encourages, dare I say requires us, to relentlessly pursue growth and learning. It is one of our Core Values after all. In a recent leadership training session with Hughes Marino teammate John Jarvis, we were drilling down into the essence of what we do as a company,…
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Company culture is a critical factor in the success of today’s businesses, and has the potential to have a monumental impact on team members and clients alike. At Hughes Marino, our culture is something we are all extremely proud of, and have been honored to receive national and local recognition for our efforts year after year. We have learned so…
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Athletics and business have many similarities. I would argue that individuals who excel in athletics possess key attributes that translate into successful business characteristics as well. As quoted by professional football player Jerry Rice: “Today I will do what others won’t, so tomorrow I can accomplish what others can’t.” This quote has a deeper meaning for me since I grew…
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I am incredibly grateful in my relatively young life for all the opportunities granted to me. I have worked hard to take advantage of those opportunities in order to provide for my wife and future family. By all outward appearances, I had it made. I worked for a global real estate firm, was newly married to the woman of my…
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Big Oil…Big Pharma…Big Banks…Big Commercial Real Estate (CRE)? The fact is that CRE, as with other industries, has its Goliaths. In the case of the property vertical, the titan entities include the names of: CBRE, Cushman & Wakefield, Jones Lang LaSalle, Colliers, Lee & Associates and Newmark Knight Frank.