San Diego Office Submarkets Made Simple
By David Marino Companies looking to lease space, or buy their own building, often ask us which office submarkets are the best to locate to. Some companies will locate in submarkets most convenient to where the CEO or business owner lives. However, most of our clients really care about where the entire employee base is [...]
To Buy, Or Not To Buy?
Is it the right time to buy a building for your business? After representing companies in leasing space and buying buildings for the last 22 years, this is the question we asked ourselves with our lease expiring in January 2012. There are three considerations when looking to buy commercial real estate to house your business. [...]
REITs are the future of Real Estate Investment
REITs are the Future of Real Estate Investment By David Marino Back in 1989, when I moved to San Diego to get into the commercial real estate industry, local developers built and owned most of San Diego’s commercial real estate. Names like Oliver McMillin, The Hahn Company and The Koll Company dominated the landscape. Then, [...]
Hidden costs in lease operating expenses
By David Marino 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 “operating expenses” in every lease that are effectively additional rent to the tenant. These operating expenses are the taxes, damage and [...]
Tech companies calling UTC ‘home’
By David Marino San Diego has a highly diversified economy, a primary driver of which is the technology sector and its ongoing creation of new companies and jobs. Over the last 20 years, Sorrento Mesa has developed as the “center of gravity” for San Diego tech companies. With an abundance of cheap office space, free [...]
The evolution of tenant representation
By David Marino 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 [...]
Signs of a healing market
By David Marino Looking back, 2010 turned out to be the commercial real estate year that we forecasted it would be — it hit bottom hard and has stayed there. It remains a great time to be a tenant, and in the approximately 180 leases that Irving Hughes transacted for over the last three quarters, [...]
A new decade of changes in the workplace
By David Marino 2011 kicks off a new decade during which many companies will experience radical changes in the way they organize the workplace to conduct business. There are three major trends that will fully develop during this new decade of workplace innovation. There will be fewer private offices in the corporate culture. The baby [...]
Is a sublease right for your company?
By David Marino What is a Sublease? Subleases are suites in a building, or an entire building, that a company has leased and no longer needs. The company leasing the space might have been acquired and the business operations reduced, in which case the acquiring company is seeking to sublease some or all of the [...]
Do’s and dont’s for commercial tenants in this soft market
By David Marino Today’s commercial real estate market is softer than it’s been in 15 years, creating a fantastic opportunity for commercial real estate tenants looking to expand, relocate or renew leases. So how do executives from the smallest business owner to the largest head of corporate real estate take advantage of today’s market conditions? [...]
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