Montgomery County Council unanimously voted to approve a bill that will require landlords to add window guards to certain multifamily residential dwelling units. The legislation is designed to enhance housing safety for tenants and families by installing window guards to prevent the risk of children falling. “No parent should ever have to worry about a […]
Closings and Changes at Kentlands Square Shopping Center in Gaithersburg (PHOTOS)
Kmart and Payless Shoe stores are closing their doors at the Kentlands Square Shopping Center in Gaithersburg this summer. Sale signs are covering the doors and windows of both stores in the strip shopping center along Kentlands Boulevard. The stores are located in the same plaza as the Giant Food Store, several restaurants, service businesses […]
The Daley at Westside Shady Grove Opens This Weekend (VIDEO)
The Daley, a mixed use building, is opening its doors in the new Westside at Shady Grove Metro community this weekend. EYA Developer McLean Quinn said the building features 333 apartment homes and 17,000 square feet of new retail space along Gramercy Boulevard off of Crabbs Branch Way. “It’s a great new modern building,” said […]
Commercial Real Estate – Rent Formats
When looking to lease commercial real estate, you will be confronted with a variety of rent formats depending on the type of space you are trying to find. The options include full service, industrial gross, modified gross, net of utilities or some other expense and triple net, also shown as NNN for those that typically […]
Don’t Wait Until Your Lease Expiration is Staring You in the Face
Dealing with your expiring office, retail, warehouse or flex space lease can be a stressful and aggravating process, especially if you wait until the last 2 -3 months of the lease term to address the issue. Ideally, a tenant should begin to evaluate their situation about 12 months prior to the lease termination date; for […]
There Are Great CRE Deals, But No Free Lunches
As was discussed in the last edition of Edell’s Premises, the deals are great for office tenants looking to renew or relocate, but tenants need to make sure that your financial house is in order. Landlords have learned from previous experiences that attracting tenants with aggressive concession packages and affordable occupancy costs does not ensure […]
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