Author: David Marino
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The Looming Post-Covid Industrial Real Estate Correction
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While you can hardly open a business periodical without reading about the meltdown of office space in the United States, until recently, few are talking about the slide of industrial real estate.
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Hughes Marino was recently selected by The Enthusiast Network (TEN) to locate, negotiate, and completely renovate a new office space and tech center that would reflect the core values and vision of the company. Our brokerage and construction management teams were stoked to take on the assignment, and we found the perfect 61,000 square foot space to house TEN, located…
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Commercial Real Estate Developer Cruzan – known for thinking outside of the box when it comes to rethinking the environments in which people work – has made a bold statement in Carlsbad with its MAKE redevelopment project. The project’s stated vision was to develop “an office campus for ambitious and innovative companies that demand a work environment which sets them…
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For over a century, commercial real estate brokers have had their familiar “For Lease” signs on buildings, marketing vacant space for building owners. Even deeper in their service offering to landlords, these firms manage the buildings, help with financing, co-invest in the real estate (and often own the real estate themselves) and advise property owners in the purchasing and selling…
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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 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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Earlier this month I hosted a presentation with representatives from Gensler, the global design and architecture firm, focusing on workplace trends and the ways corporate interiors are being used to drive productivity and culture. Joining me on the panel were Kevin Heinly, Managing Director of Gensler’s San Diego Office, and Claudia Salazer, Workplace Design Director for Gensler.
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Over the last four years of the commercial real estate recession, most tenantsÔÇÖ leases in San Diego County have expired. When faced with that event, there has been a tremendous migration of tenants in all office submarkets moving from Class B buildings to Class A buildings. Tenants that signed leases for Class B space in 2003-2006, signed as the market…
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When a tenant signs a lease, the business owner often adds up the rent payments under the lease and thinks that is the total extent of the obligation. However, there are ÔÇ£Operating ExpensesÔÇØ in every lease that are effectively additional rent to the tenant. These Operating Expenses are the taxes, damage and destruction insurance and common area maintenance expenses that…
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ThereÔÇÖs new zip and energy at the reconstituted downtown commercial brokerage firm Hughes Marino. With founding partner Craig Irving gone to form his own company, Jason Hughes and David Marino stayed on with their 15 employees to plan for growth to match a market on the comeback. They hope to add two more employees in coming weeks, bringing their staff…