Author: Hughes Marino
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9 Proven Lease Expansion Strategies Every Commercial Tenant Needs
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Navigating commercial lease expansion requires more than just adding square footage. It demands strategic foresight, careful negotiation and tenant-focused advocacy. Whether you’re planning for headcount growth, new departments or operational changes, the right lease expansion strategies protect your business from costly relocations, unexpected rent spikes and limited flexibility. This guide outlines nine proven tactics that…
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This month is an important milestone as we hit the halfway mark into our year and our 2024 HM Mini Goal Program. We hope accomplishing these goals has brought some joy and fulfillment to the first half of your year, and we are eager to see what the rest of the year brings. Our goal was […]
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For Jason Hughes, chairman and CEO of Hughes Marino, great coaching is at the core of building a championship team or growing an organization, and it comes down to recognizing team members’ potential—even when they don’t see it—and helping them to develop the confidence and skills to achieve at the highest levels.
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A recent story in the Puget Sound Business Journal predicts that Seattle’s life science real estate market is in serious decline. The article points to the fact that there are a number of new buildings that are nearing completion with ample space still available for pre-leasing.
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As a commercial real estate company, we have insight into how shifting real estate trends and economic factors are impacting the surrounding communities where we work and live. And in seeing these issues—lack of resources, housing insecurity, environmental concerns—we are called to take action. Our core value #8 is “generously give to others” and we are proud to live out…
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Spring is in full force, and our 2024 HM Mini Goal Program keeps surprising us with more and more creative ways everyone is accomplishing our mini goals. In April, our goal was to have an outdoor adventure, and we loved seeing you enjoy the great outdoors all across the country! From watching the solar eclipse that took the U.S. by…
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In early February, the Puget Sound Business Journal ran a story about what it referred to as the “I-90 exit.” The story described the coming demise of the large office parks along the I-90 corridor, with companies like Microsoft and Boeing leaving substantial vacancies post-pandemic and where T-Mobile had seriously downsized. “Without the prospect of major tenants […]
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Seattle’s resurgence is underway, but it requires a dedicated collaborative push from numerous stakeholders to keep the momentum going. That was the takeaway message from panelists, including Owen Rice, Executive Vice President at Hughes Marino, at a symposium called “Solutions for Downtown’s Comeback” held at University of Washington’s Foster School of Business.
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One whole quarter of ‘doing what we said we would do’ for our 2024 HM Mini Goal Program is complete! Isn’t it fulfilling to have accomplished three fun goals this year? In March, our goal was to plant something, and we loved seeing your green thumbs in action! From planting trees in your backyards, to planting seedlings across our offices,…
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While this title seems like a bold assertion, everyone is waking up to the reality that the office markets around the United States are in freefall. Consider this graph that compares January 2023 availability rates of U.S. office space to today. Nearly every metro area has crested 20%… or is well on the way… with Denver and the Texas markets…
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Welcome to March of 2024, four years post-Covid. No longer are the ecommerce companies gobbling up hundreds of millions of square feet a year like they did in 2021 and 2022. No longer is the supply chain stuffed with raw materials and goods to satisfy a seemingly insatiable consumer demand. No longer are construction materials […]