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.
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This is one of the most common questions tenants have in the beginning stages of their office search, and can often be one of the most challenging to answer. With so many different submarkets, rental rates, amenities, and parking ratios to take into account, it can be a lot for someone outside of the commercial real estate world to take in.
The Covid-19 virus scare has had the whole world back on its heels in recent months. Health officials in over 100 countries are taking drastic action to get the upper hand on the rapidly spreading virus. This exogenous shock to the world’s economy will definitely set global GDP back for the short term, as various business sectors throttle back activity.
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.
It has never been easier, or more dangerous, to invest than it is today. Information and analytical tools are ubiquitous and available to all, but, the most successful investors are careful to strike a balance between drive for yield and tolerance for risk no matter what asset type they are investing in. Real estate is no exception.
On November 6th, we go to the polls to decide on some very big issues at both the federal and state levels. The main act is, of course, deciding who will be sworn in as President on January 20th of 2021. Will we stick with the status quo or do we take a chance on a candidate who wants to take the country in another direction?
As an office building owner in Orange County, you’ve probably had to grapple with the problem of leasing up difficult spaces. It’s quite common for any building, regardless of location and quality, to have a suite or two that seems to take longer to lease than others. Let's take a look at potential solutions to tackle problem areas in all stages of the leasing.
We look into another solution that has gained a lot of traction in the past few years: the spec suite. The concept is pretty simple: build out your empty space before you find tenants as a means of securing them sooner. Landlords throughout the ownership spectrum have turned to the concept of the spec suite to improve leasing performance, especially with their smaller vacancies. Let’s assess the benefits and risks.
Armed with a smartphone, laptop, and an internet connection, many office-based workers have left the building…literally. This new remote-driven culture has allowed businesses to occupy less space, spend less on interior improvements and focus more of their resources on innovation, growth and making sure that valuable employees remain happy enough to stick around. Let’s take a closer look.
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.
The Orange County office market is still in expansion mode, but key market metrics are showing signs of fatigue as we enter the final quarter of 2019. Results have been mixed throughout the year and a decrease in transaction volume, higher vacancy rate, and sporadic net absorption has fueled more speculation that a long-awaited correction may be coming soon.
The term Retail Apocalypse is quite a workout in the media these days. It refers to the fallout from recent changes in the buying behavior of retail consumers. But, apocalypse might not be a fair way to describe current retail trends. In this post, we take a closer look at what’s going on in the retail sector and what it could mean to consumer behavior here in Orange County.
Top line revenue growth is important, but the bottom line is the truest measure of success whether you are a manufacturer or the owner of an office building. The most successful business and property owners are constantly looking for ways to leverage all the resources at their disposal to send as many pennies from each dollar of revenue to that coveted bottom line.
While numerous attempts have been made through the years to repeal or amend the landmark constitutional amendment championed by Howard Jarvis, this is the first attempt to modify the underpinnings of Proposition 13 via a statewide vote. While the proposal for additional funding to school districts, community colleges and local governments is still scheduled for that vote, it has recently come under intense scrutiny throughout the state and recent polls have indicated that passage could prove difficult.
