May 6, 2014
SCOTTSDALE, ARIZONIA – McKinley Institutional Commercial Real Estate (ICRE) is pleased to announce the successful workout of Scottsdale Shea East, a 116,956 square foot retail asset in Scottsdale, Arizona. Since takeover on May 1, 2012, McKinley was able to increase occupancy by 9% and complete build outs of four new restaurants and two retailers significantly enhancing the center.
“This was a terrific opportunity for my team to demonstrate our value creation expertise,” stated Matthew D. Mason, Managing Director, Institutional Commercial Real Estate. “We were thrilled to have the opportunity to work out this asset on behalf of our important client, and are very pleased to announce this successful disposition on their behalf,” shared Mason.
May 6, 2014
CHANTILLY, VIRGINIA – McKinley Institutional Commercial Real Estate (ICRE) is pleased to announce that the Circuit Court of Fairfax County has appointed McKinley as Receiver for Lakeside II located in Chantilly, Virginia. The addition of Lakeside II increases McKinley’s commercial portfolio in Virginia to 1,363,000 square feet.
“The Institutional Commercial Real Estate team is pleased to have the opportunity to work out this asset on behalf of the Court, as we have a significant presence in the market and can leverage our platform in the region for a successful result,” stated Matthew D. Mason, Managing Director, Institutional Commercial Real Estate.
May 6, 2014
LIVONIA, MI – McKinley Institutional Commercial Real Estate (ICRE) is pleased to announce the successful workout of Victor Park West in Livonia, MI on behalf of its valued client. McKinley ICRE began management of this 80,595 square foot office building in 2011 and during its tenure increased occupancy by 8% and executed over $700,000 in lease renewals.
“We are pleased to add this successful workout to our track record in Michigan along with continuing our effectiveness in the region on behalf of our clients,” shared Matthew D. Mason, Managing Director, Institutional Commercial Real Estate. “We truly enjoy lending our expertise in a state we have successfully owned and operated in for over four decades.” stated Mason.
May 1, 2014
Please enjoy this breaking news link from Mlive.com about McKinley Towne Centre's newest addition, Tomukun Noodle Bar. READ MORE
April 22, 2014
ATLANTA, GA – McKinley Institutional Residential Real Estate is pleased to announce the successful disposition of 93 East Apartments located in Atlanta, GA on behalf of its valued client. Since commencing the assignment in November 2011, McKinley successfully managed the 192 apartment community by implementing its value creation strategy and as a result the Net Rental Income of the property increased by 30% during this time frame.
“I am very proud of our team and all that we accomplished during the management and disposition of this asset on behalf of our client,” shared Garrett Hain, VP & Managing Director, Institutional Residential Real Estate.
April 17, 2014
Please enjoy this breaking news link from Mlive.com about McKinley submitting plans for a 78 apartment community on Ann Arbor's South State. READ MORE
April 3, 2014
WASHINGTON, D.C. - McKinley earned national recognition today by making the National Multi Housing Councils (NMHC) 2014 NMHC 50, the annual ranking of the nations largest apartment owners and managers. McKinley is the 38th largest apartment manager in the country, with 35,398 units in 34 states.
April 3, 2014
ANN ARBOR, MI. - In an effort to continue building its leadership pipeline to support growth in various areas, CEO Albert M. Berriz announced today the promotion of three key executives to its CEO direct report ranks. "Eric, David and Andrew are currently major contributors as well as a key part of our future. We expect these executives to take on greater leadership roles within McKinley over time, and I am personally thrilled to be working with them directly on various important initiatives. They are all passionate, smart, and hardworking and they embody everything we value in our key leaders and culture at McKinley," shared Berriz.
Eric Tuomey has been promoted to Director - Major Transactions Group. Tuomey, a graduate of the Taubman College at the University of Michigan with a Master of Urban Planning degree and a Graduate Certificate in Real Estate Development, leads McKinley's initiative to develop apartments throughout the Ann Arbor Region. Tuomey is currently leading the planning, permitting, design and development of seven new communities underway in Ann Arbor, Pittsfield Township, Fenton, Ypsilanti Township, Green Oak Township and Romulus, Michigan.
Andrew Berriz has been promoted to Director - Special Projects Group. Berriz, a BBA graduate with High Honors from the University of Michigan - Stephen M. Ross School of Business, leads McKinley's select group specializing in complex multifamily acquisitions, renovations and repositionings. Berriz is currently leading the renovation and repositioning of Nantucket Cove Apartments located in Champaign, Illinois, a severely distressed newly constructed purpose built student housing project that McKinley recently acquired and is repositioning as a conventional garden apartment, and Silver Lake Hills a recent McKinley acquisition located in Fenton, Michigan.
David Rohlfs has been promoted to Director - Midwest Region Institutional Residential Real Estate. Rohlfs, a BBA graduate from the University of Michigan - Stephen M. Ross School of Business, leads McKinley's Midwest Region - Institutional Residential Real Estate. Rohlfs currently manages a team of experts focused on receiverships, workouts, lease-ups, and long term management of multifamily assets throughout the Midwest for key McKinley institutional partners and select client relationships.
March 27, 2014
Please enjoy this breaking news link from MLive.com. featuring McKinley's CEO, Albert M. Berriz. READ ARTICLE
March 27, 2014
Ann Arbor, MI – McKinley CEO Albert M. Berriz and Kate Durak, Executive Director of JDRF’s Metro Detroit and Southeast Michigan Chapter to cure diabetes jointly announced today that McKinley will be the Presenting Sponsor for 2014 Ann Arbor JDRF Walk. In addition to the financial commitment, Berriz volunteered to be the 2014 Ann Arbor Walk Corporate Fundraising Chair. The announcement includes an additional commitment by Berriz that Meredith Mitchell, McKinley's Corporate Wellness Director, will lead walk teams at JDRF walk events in the various McKinley communities throughout its nationwide real estate platform.
"We have a long term relationship with JDRF and we are excited to expand our partnership with Kate and her marvelous team. At McKinley, we are committed to having a world without type 1 diabetes (T1D). Many of our McKinley family members and their loved ones battle T1D every day, and we are here to say that we are committed to be a part of the solution that is turning TYPE ONE INTO TYPE NONE," stated Berriz.
“JDRF is truly honored and grateful to have the amazing support of Albert M. Berriz and the entire McKinley family. This partnership will have a tremendous impact on our efforts to fund leading-edge research that will help millions of individuals living with daily burdens and life-threatening complications of T1D – until ultimately we find the cure,” said Durak. “In fact, we are extremely pleased to be funding significant research right here in Ann Arbor at the University of Michigan,” added Ms. Durak.
The Ann Arbor/Dexter Walk to Cure Diabetes is a 5k fun Walk that will take place along the beautiful trails of Hudson Mills Metro Park at 8:30 a.m. on September 28, 2014. In addition to corporate sponsorships, considerable funds are raised through individual and team walkers obtaining donations from family, friends and co-workers. In 2013, the Ann Arbor event welcomed over 2,500 people and raised over $700,000 to prevent, treat, and cure type 1 diabetes (T1D). This year’s fundraising goal has been set at $750,000. McKinley launched the 2014 Ann Arbor Walk effort with a $25,000 corporate gift and a commitment to organize a huge walk team. Please join McKinley to fund a cure and sign up for a corporate sponsorship or walk team in support of the JDRF Metro Detroit and Southeast Michigan Chapter today!