October 24, 2012Ann Arbor, MI McKinley is pleased to announce that John Jachna has accepted the position of Director Asset Management, Residential Real Estate. Jachna is a seasoned real estate professional having spent the previous three years as an Asset Management Director working on high-risk loans with Freddie Mac, and before that, spending nine years as an Asset Manager with Waterton Associates. Jachna is a licensed Illinois real estate managing broker and also holds a Certified Property Manager (CPM) designation. Jachna will partner with Kristin Berg, VP & Managing Director Residential Real Estate at McKinley to expand McKinley's long term management and client services portfolio. "I am excited to have John Jachna join us at McKinley," said Kristin Berg. "His extensive background in asset management, coupled with his experience in dealing with distressed assets, makes him a perfect fit for the McKinley Residential Real Estate team. He makes a great addition and I look forward to working with him in the future." "John shares McKinley's focus on execution and operational excellence and will be a great asset as we expand our platform to continue to meet the needs of our clients and customers," concurred Albert M. Berriz, CEO of McKinley. "John is a highly respected and experienced real estate asset manager and with his addition to Kristin Berg's team, will allow McKinley to better serve our clients, as well as take our client service platform to a new level of excellence."
October 22, 2012
Ann Arbor, MI Alexandra Jackiw, managing director of McKinley's Residential Client Services, has been chosen to be one of four judges at the National Multi Housing Council's (NMHC) "Launch Pad" competition to be held during the upcoming Apartment Operations and Technology Conference & Exposition in Dallas. The competition, to be moderated by NMHC president Doug Bibby, will take place during the closing general session on November 14 at 1:30 pm. Based on the ABC Television's hit show "Shark Tank", the competition features four startup technology companies in the multifamily industry who will be judged by four apartment industry executives on their business plan, as well as overall viability in the marketplace.
Other judges include Terry Danner, President, Riverstone Residential Group; Bob DeWitt, Vice
Chairman, President & CEO, GID; and Julie Smith, President, Bozzuto Management
October 18, 2012
Ann Arbor, MI Albert M. Berriz, CEO of McKinley, will be speaking at Realshare Apartments 2012 on October 24 from 11:30 am - 12:30 pm at the Westin Bonaventure in Los Angeles, CA. The panel titled "Property Management in the Drivers Seat" will focus on business plan strategies for apartment owners and managers in 2013 as we come out of the downturn. Panelists will discuss upcoming budget plans, new technology implementation, increased resident services, property management performance benchmarks, as well as the current pipeline of new and inventory of existing apartment units.
Other speakers on the panel include moderator, Brad Cribbins, Chief Operating Officer at Alliance Residential; Rick Graf, President at the Pinnacle Family of Companies; Fritz Schindelbeck, Senior Vice President at Yardi; Christine Schoellhorn, Managing Director at Greystar; and Janine Steiner Jovanovic, President at Yieldstar.
October 17, 2012
ANN ARBOR, MI - McKinley is excited to announce the execution of a 5-year lease with theUniversityofMichigan (UM) for18,500 square feet at The Offices atLiberty Square in downtownAnn Arbor. The Institute for Human Adjustment,http://www.umiha.org/, is occupying the majority of the space for UM with a small amount of space being occupied by other UM departments. Previously, theUniversityofMichigans English Language Institute and then its IT Services group occupied the space. Other tenants inLiberty Squareinclude, Menlo Innovations,UniversityofMichigans Tech Arb, Grand Traverse Pie Company, Tomukun, Lab, FedEx Kinkos, NWP and Barre Bee Fit. Im excited to have UM join our marvelous client list. It is a great location in the heart of downtown and is convenient for students, clients, visitors and staff. stated Tom Gritter, Managing Director of Commercial Real Estate for McKinley.
"Tom has done a marvelous job with The Offices at Liberty Square and McKinley Towne Centre, stated Albert M. Berriz, CEO of McKinley. Our vision of making McKinley Towne Centre and now The Offices at Liberty Square the nexus of town and gown has come to life with Google, Ann Arbor SPARK, Menlo Innovations, Bodman, Tech-Arb, UM and the many others that have allowed us to bring Liberty, Washington and Division to life. We are very proud of what Tom has accomplished added Berriz".
October 16, 2012
Ann Arbor, MI McKinley is pleased to announce that it has been nominated as a finalist in the AnnArbor.com Business Review's 2012 Deals of the Year in the commercial real estate category. McKinley was nominated after leasing more than 55,000 square feet of office space at Ann Arbor's Northeast Corporate Center to Cole Taylor Mortgage. Under the leadership of mortgage banking industry veteran Willie Newman, Cole Taylor now has more than 200 full time employees, a move that has added upwards of 100 new jobs in Ann Arbor this past year.
It's a great honor for McKinley to be nominated for this award," said Albert M. Berriz, CEO of McKinley. "We also can't be more thrilled with the tremendous growth of Cole Taylor Mortgage. Willie Newman is a proven and experienced entrepreneur in the mortgage banking space, and I would expect nothing less from him and his company. I would also like to thank and acknowledge Lauren Dritz, Director, Commercial Portfolio Management at McKinley and her entire team for making this deal happen."
October 8, 2012
ANN ARBOR, MIMcKinley is pleased to announce it has been appointed by the Circuit Court for Wayne County, Michigan as the Receiver for LA Plaza, a 35,000 square foot retail center in Livonia, Michigan. LA Plaza is conveniently located on the south east corner of Plymouth Road and Levan across from the Ford Livonia Transmission plant. The unanchored neighborhood shopping center is approximately 60% occupied with tenants such as The Jewelry Factory, Quiznos Subs and Kitchen Design Center.
We appreciate the opportunity and look forward to being involved in the repositioning of LA Plaza," said Matt Mason, Senior Vice President and Managing Director of Real Estate at McKinley. "With the addition of LA Plaza, I am pleased to say that McKinley's Commercial Client Services now manages more than 3.5 million square feet of commercial space in the state of Michigan."
October 3, 2012
ANN ARBOR, MIMcKinley Commercial Client Services is pleased to announce that it has been appointed to manage a portfolio of 45 single-tenant Albertsons grocery stores comprising 2.1 million square feet. This is the largest takeover in McKinley's Commercial Client Services history. The assets are located in 15 states throughout the western and southeastern United States and are concentrated primarily in the markets of California, Washington, Nebraska, Oregon, Florida and Alabama. The portfolio is currently 89% leased to Albertsons, Stater Bros., Bag N Save and Sweetbay Supermarket. The total portfolio is valued at more than $125 million.
"We are thrilled to be presented with this opportunity," said Lauren Dritz, director of commercial portfolio management for McKinley. "We have already started initiating a long term work out strategy and have brought on several members of the McKinley team, led by April Fitch, to provide property management services. McKinley has a unbelievably strong record regarding workout assignments and we look forward to being involved with this portfolio."
"Lauren and her folks have done another fantastic job," added Albert M. Berriz, CEO of McKinley. "We have the best team in the marketplace and with our focus on execution and operational excellence, we look forward to enhancing the value of these assets."
October 3, 2012
Read the article about McKinley's newest Board Chairman at REJounals.com.
October 3, 2012
ANN ARBOR, MIMcKinley is pleased to announce that it has been appointed receiver and managing agent by the Marion County Superior Court for Arbor Green, a 208 unit apartment community located in Indianapolis, IN. Arbor Green is a multi building apartment complex just minutes from shopping and dining and conveniently located near I-465 and I-69 and downtown Indianapolis. The community features natural settings including a sparkling lake and a wooded tree line.
We appreciate the opportunity to manage Arbor Green," said Alexandra Jackiw, managing director of McKinley's Residential Client Services. "McKinley has already started initiating a long term work out plan for the community including bringing on Jill Burke, regional director, property operations at McKinley to head up the management team. McKinley is committed to providing long term improvements to the community that will not only benefit our residents, but also enhance the value of this asset."
Albert M. Berriz, CEO of McKinley added, "This shows the significant leverage Alex Jackiw has added to our Midwest platform. Alex lives in Indianapolis and she is the absolute best management professional in the entire state. She and her team will create significant value for all of our stakeholders."
McKinley has been actively involved owning and operating multifamily and commercial real estate in Indianapolis since 1982. It currently owns a portfolio of assets in Carmel, Castleton and northwest Indianapolis, and also actively manages for institutional clients throughout the greater metropolitan Indianapolis market.
October 3, 2012
Ann Arbor, MI Matthew Mason, senior vice president and managing director of real estate at McKinley, will be speaking October 11 from 7:30 am - 9:30 am at The Townsend Hotel in Birmingham, MI at a breakfast roundtable hosted by the State Bar of Michigan. The roundtable, "Dealing with Distressed Properties, Part I -- Fight or Flight: The Lawyer's Guide to Analyzing Exit Strategies", will explore the various ways that lawyers can deal with distressed real estate. Panelists will be discussing the myriad issues that lawyers face when assisting both borrowers and lenders in determining whether, or how, to exit a struggling development. Roundtable participants will also be able to discuss with the panelists a wide range of relevant topics, from issues related to foreclosures, short sales, bankruptcy and receiverships, to loan workouts and note sales.