News


February 14, 2013

Ann Arbor, MI McKinley Commercial Client Services is pleased to announce the successful workout and disposition of a large office building in Ann Arbor. The Property, 100 Phoenix Drive, is a 330,000 square foot office building formerly used by the Borders Group as its World Headquarters.

McKinley was appointed property manager in December 2011. During McKinleys tenure as property manager extensive repairs and maintenance throughout the building were performed, operating expenses were reduced, and the Client Services team greatly improved the appearance and safety of the property.

We are very pleased to add another successful repositioning and disposition assignment to the McKinley Commercial Client Services track record, commented Matthew Mason, Senior Vice President and Managing Director of Real Estate at McKinley. The McKinley team created significant value for our client by greatly improving the appearance and safety of the property, as well as completing a successful tax appeal.

Read More


February 11, 2013

Check out this article from annarbor.com about McKinley being awarded a contract to manage Green Oak Village Place.

Read More


February 11, 2013

Check out this latest news from Ann Arbor SPARK regarding the Ann Arbor region

Read More


February 10, 2013

ORLANDO, FLORIDA - McKinley announced the closing of a $14,160,000 Bridge Loan with the Bank of America for RIVA Apartments, a 278 unit community located in Southwest Orlando. The property enjoys a superb location just a few blocks from Universal Studios Orlando and The Mall at Millenia. McKinley recently completed a major renovation of this communitythat itoriginally acquired as a fractured condominium and it has now fully stabilized the asset as a rental apartment community.


"We truly value our relationship with Bank of America. said Albert M. Berriz, CEO of McKinley. They have been a tremendous partner for us in our acquisition and bridge financing efforts." McKinley is in the process of securing long term HUD financing through Berkadia Commercial Mortgage and that financing is expected to close later this year.

McKinley is actively involved in managing rental communities and condominiums throughout the State of Florida on its own behalf and for select clients. Florida is McKinley's largest concentration of multifamily management with over 10,000 units under management throughout the state. McKinley has been actively involved in the investment and management of multifamily and commercial assets in Florida since 1982.

Read More


February 7, 2013

Melbourne, Florida McKinley is pleased to announce it has been appointed as the property manager and asset manager of Caribbean Isle Apartments, a 376 unit resort style apartment community, which includes one and two bedroom garden homes and lofts and is surrounded by lakes and the Mallard Landing Golf Course in beautiful Melbourne, Florida.

We appreciate the opportunity to manage Caribbean Isle on behalf of our valued client, states Albert M. Berriz, Chief Executive Officer of McKinley. We have actively owned and managed assets throughout Florida for more than three decades. We will apply our expertise in managing this asset and are excited to continue our extensive track record of success creating value for all stakeholders, shared Berriz.

McKinley is actively involved in managing rental communities and condominiums throughout the State of Florida on its own behalf and for select clients. Florida is McKinley's largest concentration of multifamily management with over 10,000 units under management throughout the state. McKinley has been actively involved in the investment and management of multifamily and commercial assets in Florida since 1982.

Read More


February 4, 2013

TAMPA, FLORIDA - McKinley is pleased to announce that it has been engaged to manage Madison Oaks in Palm Harbor, FL. Madison Oaks is a spectacular 250 unit condominium community conveniently located in the heart of the desirable Palm Harbor community. McKinley is managing 205 rental homes on behalf of an institutional client as well as the Association on behalf of the condominium owners.

"We are excited about this wonderful opportunity, and our team is looking forward to enriching the quality of life for the residents and owners of Madison Oaks." said Albert M. Berriz, McKinley's CEO. "We know Pinellas County very well, and our management resources on the ground in the Tampa Bay area are second to none" added Berriz.

McKinley is actively involved in managing rental communities and condominiums throughout the State of Florida on its own behalf and for select clients. Florida is McKinley's largest concentration of multifamily management with over 10,000 units under management throughout the state. McKinley has been actively involved in the investment and management of multifamily and commercial assets in Florida since 1982.

Read More


January 28, 2013

See what Albert M. Berriz, CEO, McKinley had to say about secondary and tertiary markets at the webinar for Commercial Property Executive.

Read More


January 24, 2013

BRIGHTON, MI McKinley Commercial Client Services is pleased to announce that the United States District Court, Eastern District of Michigan has appointed McKinley the Receiver for Green Oak Village Place, a 315,000 square foot retail and dining development in Brighton, Michigan. The centers tenants include Old Navy, Dicks Sporting Goods and Johnny Carinos Italian Restaurant. The addition of Green Oak Village Place brings McKinleys active commercial workout portfolio in Michigan to 3,700,000 square feet.

"We are excited about the opportunity to lend our expertise to this project, which is very important to the surrounding community," said Matthew Mason, Senior Vice President and Managing Director of Real Estate at McKinley.

We appreciate the opportunity to be involved in the repositioning of this asset on behalf of all of the stakeholders, stated Albert M. Berriz, Chief Executive Officer of McKinley.

Read More


January 23, 2013

ANN ARBOR, MI - McKinley has been appointed Receiver for the FX4 Babcock and Brown Portfolio consisting of 4,958 units in 20 properties located in Texas, Georgia and South Carolina. McKinley has a long and successful track record of resolving large complex portfolios similar to FX4.

"We are looking forward to serving the various constituencies in this most important transaction. We are uniquely qualified given our exceptional track record for resolving complex and large portfolios like FX4," said Albert M. Berriz, McKinley's CEO. "Given our recent experience with the 3,709 unit FX3 portfolio, we are confident we can make an immediate and significant impact," added Berriz.

The Receivership effort will be lead by Kenneth Polsinelli, Chief Real Estate Officer, and Royal Caswell, Chief Operating Officer. McKinley has extensive experience resolving assets in all of the FX4 markets, and has significant capacity to carry out the needed Receivership duties in this most complex transaction.

Read More


January 22, 2013

Check out the article on studenthousingbusiness.com about McKinley being selected to manage Varsity Place, a 484-unit rental community near the campus of the University of Texas - Tyler.

Read More


Tagged

Archives