By Jerry Trout
If common area costs don’t make your list of
top rental property concerns, you’re not alone. Many landlords and management
companies don’t see the need to keep these costs in check. They also don’t look
past the capital cost burden of common area improvements. Here’s a few reasons
why this thinking can lead to trouble – especially for those looking to get the
most out of their properties.
While some management companies may not
particularly care about common area costs, there is a large group that most
definitely does – the tenants. No one wants to occupy an ill-maintained
property. If quality isn’t maintained, tenants will become resentful,
especially if they’re paying for it.
It takes seconds now for a tenant to pull up
all the rental properties available in its general area. If the tenant feels
like your property upkeep is subpar, that may be the straw that breaks … Read More »
By Gilbert Trout
When it comes to retail, most investors rely on a classic and relatively simple matrix to determine if an asset is a sound investment. You plug in the sales figures, measure business stability, look at the lease rate and lease term, see who’s guaranteeing the lease, add a couple of other variables and you basically come out with a pretty good idea of whether or not you have a sound investment. But the rules of the game have changed.
Now, those matrixes are completely outdated. A retailer like Toys R Us looked fine according to matrixes 5 years ago. Now, they’re out of business. They may come back as Tru Kids, but will it work? Now, take your rent roll, and assume that at least half your retailers are the next Toys R Us five years from now…
Think of … Read More »
By Rene Daniel
New mixed-use developments are thriving throughout the
country. The reason is simple: people want convenience close to home. But this
new trend is not just advantageous to the lifestyle of everyday Americans. It’s
a huge opportunity for the savvy retailer.
There’s no arguing numbers for retailers are down almost
everywhere, from patrons to profit and payroll. Adding residences to retail parcels
or parking lots is the latest key to reversing this trend. By using existing,
unused space, you can meld traditional retail and residential to build
exciting, viable new downtowns.
Take the former parking lot at Hunt Valley Towne Centre. Now
known as Avalon Hunt Valley, the once
sprawling lot has new apartments that are open and leased. Or, in the case of
Owings Mills Mall, the addition of Costco, Lowes and the soon to open Giant
super market as well as other lifestyle retail brands are revamping the area to
complement … Read More »
PIKESVILLE, MD – OCTOBER 26, 2018 – Commercial real estate professionals, Steven Cornblatt and Gary Olschansky of Trout Daniel & Associates represented Blue Ocean Realty in its acquisition of the 171-room DoubleTree by Hilton Hotel and Conference Center in Pikesville, MD.
In addition to the hotel, the 10-acre site also includes the 50,000 square foot Baltimore Tennis & Fitness facility, as well as a 32,000 square feet retail and office plaza.
The sale price was not disclosed.
The Seller, Pikesville Hotel Limited Partnership a Mangione family entity, represented itself in this ‘off-market’ transaction that unfolded over approximately 2 years.
Moving forward, TD&A’s Rene Daniel and Seth Danels, along with Cornblatt, will be providing leasing and advisory services to Blue Ocean.
The property is located at 1726 Reisterstown Road and is one of the most recognized locations in the Baltimore Metro … Read More »
Trout Daniel & Associates, announce, after a long vacancy and an abundance of available local space, the execution of a seven-year Lease for a fully furnished office suite at 954 Ridgebrook Road; a 9,311 square-foot condominium property located in Sparks, Maryland. Situated conveniently on the southwest corner of Ridgebrook Road and York Road. 954 Ridgebrook Road is prominently located at the entrance to the Highlands Corporate Center and offers Tenants a contemporary Class “A” office environment in close proximity to the residential and business communities of Hunt Valley.
Jared Engel, Associate, and Stacey Berman, Associate Broker, along with Steven Cornblatt, of Trout Daniel & Associates represented the Landlord in the transaction. For more information on Engel’s and Berman’s current listings please visit here or contact them directly at 443.921.9342 (Engel) and 443.921.9359 (Berman).
About Trout Daniel & Associates:
Trout Daniel & Associates … Read More »
BALTIMORE – Trout Daniel & Associates, a full-service commercial real estate firm, announces the sale of Ranson Shoppes, a retail center located in Ranson, West Virginia. Gilbert R. Trout, Director of Investment Real Estate, represented the seller and procured the buyer.
Positioned in the center of Ranson’s retail corridor, WV Route 9, Ranson Shoppes is a 16,300 square foot, 100% leased retail property. Notable national and local tenants include Mattress Warehouse, Five Guys, and Little Caesars. Ranson is one mile from Hollywood Casino at Charles Town Races, and a short drive from Frederick, Maryland and Martinsburg and Harpers Ferry, West Virgnia.
“This property was under contract within thirty days of our marketing deployment. This asset generated strong interest from regional and national buyers, indicative of the strength of its service-oriented tenant mix and the area’s demographics.” stated Gilbert. “Prior to this … Read More »
Trout Daniel & Associates Retained as Agent for The Sale Of the Alley Shops Portfolio in Pikesville, MD
Trout Daniel & Associates, a full-service commercial real estate firm based in Timonium, has been retained as agent to sell Pikesville’s Alley Shops Portfolio, comprising 26,421 Square Feet of retail & office, located at 1326-1330 and 1420-1426 Reisterstown Road. Gilbert R. Trout, director of investment real estate at TD&A, is representing the seller.
The Alley Shops Portfolio, consisting of 5 buildings, is 95% occupied, and has enjoyed a consistently high average occupancy and low roll-over for years. Additionally, many of the 23 tenants have been at the Alley Shops for decades. Located in a Commercial Revitalization District, Baltimore County offers an investor many incentives, such as tax credits, grant, interest-free loans and free architectural services.
States Gilbert, “With its blend of charm, central location … Read More »
BALTIMORE – Trout Daniel & Associates, a full-service commercial real estate firm, announces the sale of North Point Mall, located on North Point Blvd in Baltimore County.
Situated near Dundalk and sandwiched between Interstates 95 and 695, this 120,000 SF shopping center is anchored by Kmart and a strip of retail stores.
The property was sold to America’s Realty for $3.35 million. Trout Daniel & Associates’ Steven L. Cornblatt, Principal, and Gilbert R. Trout, Director of Investment Real Estate, represented the seller and procured the buyer in the transaction.
Cornblatt states, “the sale of this property is representative of the increasing investment value of the east side of Baltimore County. There are still opportunities in this area, but we feel this community is on the radar of many savvy investors and developers. The desirability of this area reflects the strength of redevelopment projects … Read More »
BALTIMORE- Henry started in the commercial real estate industry in 1986. His focus is on Industrial/Office leasing and sales. Through Henry’s real estate tenure, he has also provided development and property management expertise to a variety of clients. Henry joined Trout Daniel and Associates, LLC in January of 2016.
Henry has a varied client list a sample of which includes companies and buildings served: ABC Box Company, Allied Coffee Distributors, Geddes School Supplies, Global Trading and Production Company, Maryland Chemical, Paca Pratt (management), Saint Paul Plaza (management/leasing), Solomon and Nislow CPA.
Current volunteer boards include:
• Baltimore Jazz Alliance
• Capital Camps (Property Management Division)
Past boards and volunteer activities:
• Greater Baltimore Board of Realtors Commercial Division, Chair
• Citizens Planning and Housing Association
• Jewish Big Brother/Big Sister League
• Ner Tamid Synagogue Board
• Prince George’s Philharmonic
Henry is currently a candidate for a CCIM (Certified Commercial Investment … Read More »
On Tuesday, August 25th, Jerome B. Trout III, Rene Daniel and Art Putzel of Trout Daniel Associates were interviewed by Allan Hirsh on AHA Business Radio 1300 WJZ-AM. Listen to their conversation below: