January 6, 2013
Check out the article about the 120-unit apartment complex in Michigan posted on Rejournals.com.
January 2, 2013Check out this article about McKinley's recent 120-unit apartment community acquisition on multifamilybiz.com.
January 1, 2013
Check out this article about McKinley's recent apartment community acquisition and it's plans for a $1.2M renovation on annarbor.com.
December 30, 2012
Ann Arbor, MI McKinley announced today the acquisition of Westwood Apartments, a 120 unit garden apartment community located on the west side of Ann Arbor on West Liberty Street just several blocks east of Stadium Boulevard. With this acquisition, McKinley now owns more than 5,400 units in the region, and further consolidates its dominant footprint in this vibrant market.
"We obviously have enormous confidence in Ann Arbor and we are equally confident in the future of this community and the region. This becomes our fourth McKinley community in the old west side of Ann Arbor. Westwood will be re-named Manchester West" stated Albert M. Berriz, CEO of McKinley. The property will undergo significant interior and exterior renovations expected to commence in early 2013. Plans include major interior renovations, siding, painting and major wood repairs, landscaping, signage along with major improvements to the sales office and common areas. Manchester West will become a "smoke-free" community like its sister community Manchester Flats located at Stadium Boulevard and Pauline Boulevard. "This community is superbly located within walking distance to downtown, however it needs a major investment to make it competitive and consistent with what our customers expect in our communities" added Berriz.
McKinley continues to make strategic acquisitions throughout its 25 state platform for its own account and for its institutional clients and partners. In addition to Ann Arbor, the major focus of growth has been along the I-85 Corridor from Maryland to Georgia, the I-4 corridor from Tampa to Orlando, Texas and Nevada.
December 20, 2012
Check out the article about McKinley's two key promotions on REJournals.com.
December 19, 2012
ANN ARBOR, MI - McKinley is pleased to announce the promotion of Robert Jones to Assistant Director, Commercial Portfolio Management. Robert has achieved many successes during his tenure at McKinley that began in September 2010. Roberts notable accomplishments include managinga largeshopping center in Scottsdale, Arizona and achieving tremendous value creation at a large office building in Grand Rapids, Michigan. In his new role, Robert will report to the Senior Vice President and Managing Director, Real Estate.
Please join McKinley in congratulating Mr. Jones on this important and well-deserved promotion.
December 19, 2012
ANN ARBOR, MI - McKinley is pleased to announce the promotion of Chris Allen to Assistant Director, Commercial Portfolio Management. Since joining McKinley in August 2010 as a Senior Accountant, Chris later transitioned to the Commercial Client Services divisionas a Commercial Portfolio Manager. Among other achievements, Mr. Allen has successfully managed nearly 2.5 million square feet of commercial real estate assets. In his new role, Chris will report to the Senior Vice President and Managing Director, Real Estate.
Please join McKinley in congratulating Mr. Allen on this important and well deserved promotion.
December 12, 2012
ANN ARBOR, MI - McKinley is pleased to announce it has been appointed property manager by an institutional private equity investor of Jasmine at Holcomb Bridge, a 437 unit apartment home community in Alpharetta, Georgia. The community is located just minutes from GA-400 and North Point Mall, great shopping and dining, medical facilities and recreation.
We appreciate the opportunity to manage Jasmine at Holcomb Bridge on behalf of our important client, states Albert M. Berriz, Chief Executive Officer of McKinley. We have completed over 30 successful workouts in Greater Atlanta and we are excited to apply our extensive expertise in managing this asset.
McKinley has been actively involved owning and operating multifamily and commercial real estate in Georgia since 1988.
December 11, 2012
Ann Arbor, MI - McKinley's Commercial Client Services Group announces the successful workout of Fairway Center, a 78,447 square foot office and retail development in Akron, Ohio. McKinley was appointed receiver in 2006 and during the lengthy period as receiver and manager, the assets were positioned for sale by prevailing in an easement litigation matter, renewing the anchor tenant for a long-term lease, and executing several new leases.
"We are very pleased to add another successful chapter 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 successfully managed this asset through a complex and challenging easement issue which was ultimately decided by the Ohio Court of Appeals," stated Mason.
December 6, 2012
Read Albert M. Berriz's, McKinley CEO, letter to the editor at annabor.com.