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 Commercial property managment
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.
As we prepare for the reopening of our properties, the phased return of our tenants, and a workplace functioning in a different format, we understand how imperative it is to implement an effective protocol to best preserve the safety of all building occupants, staff, service providers and visitors. We recognize that we do not yet have a confirmed date for the reopening and return to work, Kelemen Property Management team will continue to comply with the directives of the State Government and County officials, while concurrently incorporating recommended protocols from the CDC and local health authorities into our redeveloped operational standards, as we transition through this reentry process.
Managing the rent roll is a high priority for all office building owners. There are several variables which the astute investor pays close attention to when it comes to NOI performance. One of those variables that perhaps doesn’t get as much attention as vacancy, time-on-market, operating expenses or rent growth, is sublease space. This week, we dive into the impact that sublease space can have on your commercial property.
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.
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.
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.
Few would argue the underlying value of getting more by using less. It runs along the same line as the old saying; waste not, want not. But, is it really something for you as an owner to definitive action on? We think the answer is yes. In this post, we focus on the environmental (planet) and economic (profits) aspects of sustainability as they relate to your ownership of commercial office property.
In the past two months, the US Federal Reserve Bank lowered its benchmark Fed Funds Rate in an attempt to reinvigorate the US economy, which has been feeling the impact of sluggish global GDP growth. Major economies around the world have slowed, including China, India and the entire European Union. But how does this affect commercial property owners?
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.
Providing a quality workspace experience for your tenants is a key component of maximizing the return on your office building investment. Given the strong demand for space and the limited amount of new construction confined to expensive Class A space, most small business owners are looking for real value when searching for a new location.
The economic dust-up is primarily focused on intangible versus tangible assets. Trades in commodities futures, stocks and bonds happen at the speed of light with a tap of the enter key on a computer these days, and the vast majority of trades in these markets are executed by computer algorithms designed by super-smart “quants” employed by institutional investors.
For over 40 years all California property owners have enjoyed the protection of Proposition 13, the landmark law that limits annual property tax increases. However, state and local government officials, along with advocacy groups promoting more government programs, have not shared that fondness for the law. In fact, there have been numerous attempts to repeal or modify Proposition 13 over the years, and the most significant of those efforts will be on the general election ballot in November of 2020.
When you reduce your operating expenses, you increase your cash flow and ultimately the value of your property. With Orange County commercial properties, there are many steps you can take to reduce your operating cost.
Workspace design may seem like a simple task- arrange cubicles in a large room and voila the office is complete. However, before jumping the gun and hiring an interior designer to beautify your office space, it is important to understand the factors that come into play when designing an ideal workspace for your business. There is a vast difference between an aesthetically pleasing setting and an effective workplace.
Property Management can help or hurt the value and performance of your property depending on which company you choose when deciding who will manage your property. That’s why we are looking out for you by giving you insight on the benefits of choosing the RIGHT property management firm. Read more.
Increasing rent and maximizing value should be in the back on every property owner's’ mind. Here are 8 tips from industry experts that can help you make the most of your property.
THe Kelemen Company makes 2018’s CRE Headline!
