Marino has been involved in the development, finance, investment and management of property mostly in the Bay Area for more than 14 years. He was a member of the Board of Directors, President and Chief Executive Officer at Pacific Gateway Properties from 1996 to 2000. He also held the positions of Chief Financial Officer and Chief Operating officer of Pacific Gateway from 1992 through 1995. He spent the first four years of his career with Coopers & Lybrand in San Francisco.

Carl E. Berg will remain CEO and chairman. Berg tells GlobeSt.com Marino will handle the day-to-day operations of the company, allowing him to spend more time on investor relations and land development.

"We have goals for the company and that includes developing and completing projects on time and under budget" says Berg. "Adding Ray as COO gives us a chance to do that and still get the 15% return we traditionally get on our development projects."