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.
Acquired as a 5-building portfolio back in 2018, the company completed significant renovations to the property over the past three years. Some of the upgrades included new outdoor common areas, landscaping, stucco exteriors, a new roof with solar panels, lobby and restroom renovations, and further tenant improvements throughout the building.
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.
In a recent post, we began our look into the impact that functional obsolescence and deferred maintenance can have on commercial properties. While the near term upside to deferring maintenance is higher cash flow, the downside risks are generally harmful to your property’s long term performance and resale value. Let’s take a look at some deferred maintenance items with an eye for measuring their impact on the performance of your real property asset.
This week, we brought back the Atrium blood drive for the first time in ten years!
