Montgomery Community Media

Promark Real Estate Services has just closed on a mixed-use building at 451 Hungerford Drive in downtown Rockville. The seven-story building is adjacent to Rockville Town Square and directly across the street from the second phase of the Rockville Town Center, where two new multifamily complexes are currently being built. With 400 feet of prominent […]

You and your friends might be talking about the new REI that’s opening this week at Pike & Rose. Or maybe you’re looking forward to the Gusto opening at Westfield Montgomery mall. Chances are the source of that news can trace back to StoreReporter.com, a blog that’s the brainchild of a Potomac woman with a […]

The future of the Kentlands Square shopping center was the topic of a town hall meeting hosted by the Kentlands Community Foundation on Tuesday night at the Kentlands Mansion. Dozens of Gaithersburg residents attended the meeting to hear from representatives of Saul Centers, the company that owns the shopping center that is anchored by a […]

Maine outdoor retailer L.L. Bean is planning to open a new store in the fall in Pike & Rose, the shopping, dining, entertainment, office and residential complex along Rockville Pike in North Bethesda. Customers will be able to buy apparel and footwear, as well as kayaking, hiking, fly-fishing and winter gear and camping equipment, according […]

Some members of Gaithersburg’s planning staff recently met with a prospective purchaser of Kentlands Market Square, according to a city official. Gaithersburg Planning and Code Administration Director John Schlichting said the prospective buyer signed a Letter of Intent with the current owner, Beatty Management Company, on March 16th, “which began a 30-day due diligence period.” […]

There is a new EYA community going up in Montgomery County and it’s described as transit friendly. It’s called Westside at Shady Grove Metro and it’s located at the intersection of Crabbs Branch Way and Shady Grove Road. The sales office opened at 16658 Crabbs Branch Way on May 2nd for pre-construction sales and the […]

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 […]

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 […]

Commercial real estate covers any property from which a business can operate.  Typically that includes office buildings, retail space (strip centers, neighborhood centers, power centers ( think Milestone in Germantown or Rio at Washingtonian in Gaithersburg), shopping malls, 1st floor space of office and apartment buildings, and the occasional kiosk in the middle of a […]