The Kelemen Company is a leading real estate investment and property management company based out of Southern California. Utilizing our extensive knowledge of Orange County commercial real estate and local market trends, we offer an approach that creates value and minimizes risk. Our goal is simple: optimize returns while maintaining the level of care each investment, property, and client deserves.
All tagged california real estate commercial
In today’s competitive employment environment, employers are struggling more than ever to attract and retain high-quality talent. Between a national labor shortage, the increased prevalence of work-from-home opportunities and a rising cost of living, today’s employees are looking for a lot more than free coffee in the breakroom.
As investors like you, we have grown concerned over the increasing likelihood that Proposition 15, the so-called Split-Roll Initiative, will pass on November 3rd. For several reasons, we believe this attempt to unravel the 42-year-old protections of Proposition 13 is ill-conceived and will hurt the entire California economy.
The Irvine Spectrum is not a baseball diamond carved out of a cornfield, but in many ways, it is just as aspirational and inspirational as that Iowa farm. Tibor Kelemen, CEO of the Kelemen Company, who is no stranger to Spectrum, having worked in the center of it since the 90s, shares his insight on the growth of spectrum, the office submarket, and the impact on neighboring submarkets.
Investors large and small have long seen industrial warehouse/distribution property as a safe and stable haven for their capital. It is now the preferred product type across the investor spectrum including large institutions, private equity funds, and publicly-traded REITs, as well as family offices, small private investors and space occupiers. Why are these concrete boxes getting so much attention these days?
Since the Kelemen Company acquired the Atrium back in August of 2018, its mission has been to set a new standard for quality for Class A office projects in the Greater Airport Area. A complete upgrade of the lobby, which is scheduled for completion in early June, represents the final phase of improvements designed to inject new energy into this iconic project.
A decreasing property value can also be converted to an opportunity, as those investors with the necessary skills, resources and capital are often able to acquire property at a discount and add value by addressing issues areas of obsolescence and deferred maintenance. But, before we get into that, let’s take a high altitude look at both conditions starting with the tougher of the two, functional obsolescence, to frame the topic.
Net Operating Income (NOI) is the Holy Grail of real estate metrics. It establishes value and determines borrowing power, among other things. Protecting and enhancing NOI is what the game of property ownership is all about. Depending on the type of lease and product category, property owners are able to pass along some or all of the cost for property taxes during a lease. This ability is going to become even more important if this proposition passes.
