News


January 7, 2008

Source:Tom Gantert | The Ann Arbor News

Date Posted: January 08, 2008 07:34AM

Related coverage:
Will Bar Louie serve as the new Midtown's magnet?
Downtown Ann Arbor hotel plans revealed
McKinley plans Town Centre expansion

BY TOM GANTERT
The Ann Arbor News

With concerns about a downtown alley resolved, the Ann Arbor City Council cleared the way Monday for McKinley to continue its revitalization of the Liberty and Division streets corridor in the city's midtown area.

The council unanimously voted to approve a rezoning of a 1.15-acre site at 515 E. Liberty St. where McKinley wants to tear down a vacant one-story building that used to hold National City Bank and replace it with a two-story building. The council also approved the site plan and development agreement.

McKinley proposes to put retail all along Liberty Street from its McKinley Towne Centre eastward to the Michigan Theater. Some business owners on Monday said that was key to attracting customers to an area that has historically been a dead zone between the more popular State and Main streets.

The one holdup was the alley that goes from Washington Street to Liberty Street and runs along the west side of the Liberty Square. McKinley CEO Albert Berriz said it was co-owned by the city and McKinley. When the Planning Commission approved the project, McKinley had narrowed that alley way to 10-feet.

But Berriz told the council when he heard there was some community objection to it, he changed it back to its original 26 feet "in one minute."

"We are going to make a huge investment on this block," Berriz said. "We have been thoughtful. We have been very responsive."


Berriz said that he envisions having tables out there and people eating along the alley and the plan is to "make that space quiet usable."

Some residents spoke during the meeting of creating an alley like the Nickels Arcade, the popular glass-topped, atrium walkway between Maynard and State streets that is lined with businesses.

Council Member Chris Easthope, D-5th Ward, said that isn't in the plans for now, but the project was important.

"It is another huge step in revitalizing that area," said Easthope.

Mayor John Hieftje said he wanted that alley kept open.

"I think it (project) will be a very fine addition to our downtown," Hieftje said.

McKinley has aspirations to create a vital, thriving environment along Liberty Street, similar to Main Street. It bought the former TCF Bank building and transformed it into the McKinley Towne Centre, bringing in Google AdWords, the Bar Louie restaurant and other businesses.

Also in the vicinity of the Towne Centre is the planned Ann Arbor Hotel and 4 Eleven Lofts.

Tom Gantert can be reached at tgantert@annarbornews.com or 734-994-6701.

Note: This story has been adapted from material provided by Mlive.com from the Ann Arbor News.

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January 7, 2008

January 8, 2008

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release

McKinley is pleased to announce the appointment of Greg Signer, CPM as Senior Vice President, Operations, Residential Real Estate. Mr. Signer joins McKinley following more than fifteen years of experience in residential real estate most recently, as Vice President with The Morgan Group.

We are very excited about the addition of Greg to the McKinley team, states Kenneth P. Polsinelli, Executive Vice President and Managing Director, Residential Real Estate. In addition to his years of experience in the industry, Gregs strengths include a passion for quality operations and a focus on developing people. With our continued growth and expansion across our 10 state platform, Greg will provide the expertise and leverage needed to maintain our excellent performance.

During his career, Greg has been focused on training and development of his team as well as standardizing operations, implementing significant cost saving measures and improving quality throughout the organization. He has held numerous positions in regional property management and operations with several major residential real estate organizations including Archstone-Smith and Trammell Crow/Gables. He has a consistent track record of success at every assignment throughout his career.

Greg is a graduate of Florida State University in Tallahassee. He holds a Certified Property Manager designation and serves on the Board of the Florida State University Housing Program. He is also an active member with the Apartment Association of Greater Orlando. In his new role with McKinley, Mr. Signer will have oversight and responsibility for operations in the residential real estate portfolio with operations in 10 states.

McKinley, founded in 1968, is a well respected national real estate investment firm that owns and operates $1.8 billion in assets in 103 properties for its own account and for select clientele. This includes 17,248 apartments and more than 5 million square feet of commercial space located in 10 states. Headquartered in Ann Arbor, Michigan, Albert M. Berriz serves as Chief Executive Officer with 717 full-time employees nationwide.

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December 6, 2007

Source: metromode

Date:12/6/2007

 

 

 

 

Dense. Vibrant. Prosperous. Those are three words commonly used describing downtown Ann Arbor. They also play key parts in the latest proposal to expand the McKinley Towne Centre to include a high-rise hotel.

The city is reviewing developer McKinley Inc's plans to build a nine-story, 120 room hotel on the southwest corner of Washington and Division streets. The project is expected to create 20 to 40 jobs while it's estimated patrons of the hotel will spend about $3 million a year in downtown. The idea is making the city's downtown core more dense will make it more vibrant and prosperous by letting those three factors, and others, play off each other.

"That type of critical mass is critical," says Albert M Berriz, CEO of McKinley Inc. "The convergence of those businesses there is critical. This is the only place in downtown where these things are coming together."

The building will replace a surface parking across the street from the Ann Arbor News building. The hotel's design will compliment the surrounding architecture. Parking for the project will be handed by the Liberty Square parking garage behind the Michigan Theater.

First Hospitality Group will develop and the run the yet-to-be-determined brand of hotel. First Hospitality operates about 40 similar hotels across the Midwest, such as the Hampton Inn on Plymouth Road.

The proposed hotel is the latest expansion for the McKinley Towne Centre complex, one of the most impressive urban redevelopment projects in Metro Detroit. The complex, centered on the intersection of Liberty and Thompson streets, has experienced a rebirth thanks to McKinley's efforts to turn the drab, concrete-themed, fortress-like block into a colorful, vibrant area that is full of businesses and open and inviting to pedestrians.

Among the other expansions underway for the complex are the redevelopment of storefronts along Liberty between Thompson and the Michigan Theater and the construction of the 4 Eleven Lofts building. This is on top of McKinley's initial step of the development, transforming the formerly profoundly ugly TCF Bank regional headquarters into the new headquarters to Google's Adwords division.

The Ann Arbor City Council is currently reviewing the plans for the hotel, the second hotel planned for downtown. McKinley hopes to wrap up project approval by the end of January and start construction shortly thereafter. Work is expected to wrap up 13 months after ground is broken.

Source: Albert M Berriz, CEO of McKinley Inc.
Writer: Jon Zemke

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December 3, 2007

December 4, 2007

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release

McKinley Apartment Home Communities

Collect Toys for Tots

Annual Toys for Tots campaigns are conducted each year throughout the nation from October 1st through December 24th. Since its beginnings in 1947, Toys for Tots has distributed nearly half a billion toys to close to 250 million children.

McKinley is proud to partner with the U.S. Marine Corps Reserve Toys for Tots Program and Marine Toys for Tots Foundation.

To support this years Toys for Tots campaign, new, unopened, unwrapped toys will be accepted at the following McKinley apartment communities through Friday, December 21st between the hours of 9:00 am and 6:00 pm:

Aspen Chase 2960 International Drive, Ypsilanti

Evergreen Pointe 3089 Woodland Hills Drive, Ann Arbor

The Villas 2911 Bynan Drive, Ypsilanti

Golfside Lake 2345 Woodridge Way, Ypsilanti

Toys for Tots is the United States Marine Corps premier community action program, one of the nations flagship Christmas charitable causes. For general information please visit www.toysfortots.org.

McKinley, founded in 1968, is a well respected national real estate investment firm that owns and operates $1.8 billion in assets in 103 properties for its own account and for select clientele. This includes 17,248 apartments and more than 5 million square feet of commercial space located in 10 states. Headquartered in Ann Arbor, Michigan, Albert M. Berriz serves as Chief Executive Officer with 717 full-time employees nationwide.

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December 3, 2007

December 4, 2007

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release

McKinley Announces Successful Disposition of

River Oak

McKinley is pleased to announce the successful disposition on behalf of our valued client Capmark, Inc. of River Oak, a 268 unit residential apartment home community in Louisville, Kentucky.

McKinley was appointed Receiver by the Jefferson Circuit Court in the Commonwealth of Kentucky and began management of the community in August 2007 improving operations and cash flow. A successful disposition was achieved this month.

This disposition is a recent example of how McKinley aggressively solves real estate challenges for our clients. From takeover to disposition, the McKinley team enjoys exceeding expectations for our partners and clients.

McKinley, founded in 1968, is a well respected national real estate investment firm that owns and operates $1.8 billion in assets in 103 properties for its own account and for select clientele. This includes 17,248 apartments and 5.0 million square feet of commercial space located in 9 states. Headquartered in Ann Arbor, Michigan, Albert M. Berriz serves as Chief Executive Officer with 717 full-time employees nationwide.

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November 11, 2007

Real-Time Business News

by ANN ARBOR BUSINESS REVIEW
Saturday November 10, 2007, 12:27 PM


Robert Ramey / Ann Arbor Business ReviewAlbert Berriz, left, and David Canter.

David Canter is the Ann Arbor region's Executive of the Year, accepting the honor at the "2007 Deals of the Year" awards gala presented Friday night by Ann Arbor Business Review.

Canter's honor was the final award of the event, a black-tie gala that culminated in the unveiling of top honors in 11 categories, all of which are key drivers of the local economy.

Canter, senior vice president for Pfizer and site director of its Michigan laboratories, was chosen for his exemplary leadership after the drug giant announced in January that it would close its Ann Arbor campus in 2008.

Because of Canter, the community remained calm and focused after the announcement. Business leaders stepped up to strategize on how to fill the void, and Canter has been a key part of the transition - while never wavering in his advocacy for Ann Arbor.

Canter received his award from Albert Berriz, CEO of McKinley and the 2006 Executive of the Year.

Robert Ramey / Ann Arbor Business ReviewNSF President Kevan Lawlor, right, and Michael Finney.
Also stepping to the stage in the grand ballroom of the Eastern Michigan University Student Center was NSF International, winner of the "Company of the Year" honor.

NSF was born decades ago at the University of Michigan, growing today into a $100 million global operation with headquarters in Ann Arbor Township.

The not-for-profit scientific research center is dedicated to public health concerns, such as water testing, food safety, regulatory issues and standards certification.

In the past year, NSF invested $23 million in a new 82,000-square-foot lab that doubled its capacity and will create 100 jobs over three years. It also continues to open offices across the globe, including through acquisition of international firms.

NSF President Kevan Lawlor accepted the award from Michael Finney of Ann Arbor SPARK.

Nine other winners earned honors from among 27 nominees. They were:

Finance: University of Michigan Tech Transfer office
The university signed a deal to give up future royalties for the nasal-spray vaccine FluMist in exchange for payments that could eventually total $35 million.

Commercial real estate: Domino's Farms
The landmark office building - the region's biggest - signed several key tenants in a down market, including Aastrom Biosciences, which took over space formerly used by Pfizer, and Abu Dhabi National Energy Co., which opened an office.

Construction: O'Neal Construcion for First Martin Corp.'s 201 Depot St.
The Ann Arbor company finished the "Coal Car Building," a 25,500-square-foot speculative office structure with distinctive architecture.

Development: Plymouth Green Crossings
The suburban mixed-use project on the high-profile northeast Ann Arbor corner of Plymouth and Green roads started construction as it landed several key retail tenants.

Health Care: University of Michigan Cardiovascular Center
The university opened the $215 million, five-story, 350,000-square-foot facility at the former site of U-M's Old Main hospital.

Manufacturing: Aernnova
The Spanish aerospace firm announced plans to open a $10 million engineering operation in Pittsfield Township that could eventually employ up to 600 people and give the region a boost in attraction more advanced manufacturing-related firms.

Nonprofit: HelpSource
The social services organization placed more than 90 percent of its 932 clients, as well as most of its services, in alternative agencies when it ceased operations this summer. The leadership behind the smooth transition ensured that the agency's social services would continue.

Retail: McKinley Towne Centre
McKinley repositioned the Towne Centre as a multi-tenant building with street-level retail, creating a new "midtown" hub of activity between downtown and campus. New tenants include Bar Louie, Salsaritas and AT&T.

Technology: Accuri Cytometers
The life sciences firm secured $5 million in financing as it prepares for the commercial introduction of its Accuri C6 Flow Cytometer System. This product launch could alter the entire industry by bringing the cell testing devices to market with smaller and less expensive equipment.

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November 7, 2007

November 8, 2007

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release

The Neutral Zone Ann Arbors Teen Center

Honors Albert M. Berriz for Leadership Efforts

A recent evening devoted to honoring teens and Albert M. Berriz entitled Hitch Your Wagon to the Stars raised over $100,000 for the Neutral Zone through numerous generous individual and corporate donations.

The Neutral Zone selected Albert M. Berriz as honoree for their annual signature event because of his success in raising funds during a recent capital campaign to acquire a new and improved teen center building. The youth in our community now have a permanent place for young people to feel secure, learn, grow and explore their creative interests.

The Neutral Zone, located at 310 W. Washington Street in downtown Ann Arbor is a diverse, youth-driven teen center dedicated to promoting personal growth through artistic expression, community leadership and the exchange of ideas.

McKinley, founded in 1968, is a well respected national real estate investment firm that owns and operates $1.5 billion in assets in 103 properties for its own account and for select clientele. This includes 16,447 apartments and 5 million square feet of commercial space located in 9 states. Headquartered in Ann Arbor Michigan, Albert M. Berriz serves as Chief Executive Officer with 715 full-time employees nationwide.

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November 7, 2007

November 5, 2007

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release

McKinley Partners with Dawn Farm to Deliver Needed Services to the Community

Karen F. Andrews, Chief Administrative Officer is pleased to announce McKinley received unanimous approval from the Board of Directors of Dawn Farm at a recent board meeting to create a public-private partnership which will deliver 34 new transitional housing units in our community with funding support from the Washtenaw Community Health Organization (WCHO) and the J.F. Ervin Foundation.

The housing units are designated as supported treatment beds/homes for clients receiving care from the case management staff at Dawn Farm. McKinley will deliver the 34 units via 12 apartment homes beginning in October, 2007. This partnership provides a unique opportunity for McKinley to offer an entire building of contiguous units for Dawn Farm's transitional housing program.

"McKinley has had a long-standing relationship with Dawn Farm, and we are truly grateful for their mission and the important services they provide in our community. We are thrilled that the implementation of this program will reduce, by half, the waiting list for Dawn Farm clients for transitional housing. This partnership program truly embodies the mission of Dawn Farm as well as the Core Purpose of McKinley to enhance the quality of life in our community," shared Andrews, who also serves as a Dawn Farm Trustee.

The program provides a "community of recovery" for clients of Dawn Farm, an addiction rehabilitation treatment provider (www.dawnfarm.org). The McKinley units, brings Dawn Farm's transitional housing units total to 110. Dawn Farm programs have been extraordinarily successful and their clients are consistently known as model residents.

McKinley is committed to supporting the communities in which we operate with a core purpose to enrich the quality of life in our communities every day. It is in the spirit of this philosophy that we provide philanthropic support and encourage participation by our employees in numerous worthy non-profit throughout the community.

McKinley, founded in 1968, is a well respected national real estate investment firm that owns and operates $1.7 billion in assets in 103 properties for its own account and for select clientele. This includes 17,223 apartments and 5 million square feet of commercial space located in 9 states. Headquartered in Ann Arbor, Michigan, Albert M. Berriz serves as Chief Executive Officer with 717 full-time employees nationwide.

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October 8, 2007

Source: The Ann Arbor News

Date: September 19, 2007

McKinley maps growth

\New construction would link downtown properties

BY STEFANIE MURRAY

News Business Reporter

The McKinley Towne Centre will expand its downtown footprint from Division Street to the Michigan Theater building, under plans unveiled Tuesday night by the Ann Arbor-based real estate company McKinley Inc.

As part of the plan, McKinley says it has an option to buy the building that houses Orchid Lane and Encore Recordings at 417-419 E. Liberty St. in 2008, although current owner Ruth Fitzgerald declined to confirm any impending sale.

McKinley plans to demolish that building, as well as the empty bank building it owns that is connected to the city-owned Liberty Square parking structure.

In its place, McKinley wants to build two new, two-story facilities with matching brick facades that will cross the alley and visually connect the building that now houses AT&T and Salsarita's Fresh Cantina with the Michigan Theater building. The buildings will house office space and a mix of a half-dozen soft-goods retailers and restaurant tenants.

"This is going to tremendously revitalize the area,'' said McKinley's chief executive officer, Albert Berriz.

Berriz and McKinley's Frances Todoro-Hargreaves presented the plan to the Ann Arbor Planning Commission on Tuesday evening as part of a request to rezone the bank building at 505 E. Liberty St. and its sister Liberty Square property at 500 E. Washington St. as a planned unit development district, and approve its site plan for the new building where the bank was. McKinley owns both buildings.

The commission tabled its decision on the rezoning and site plan, due to a legal question relating to the parking structure and aesthetic issues. The request will be rescheduled for action again, likely in two weeks.

Todoro-Hargreaves said the company will begin demolition of the bank building and construction of a new, 25,500-square-foot retail and office building in its place immediately, if final approvals are received. That building will be built with a "super structure'' base, Berriz said, that will allow floors to be added on top of the building in the future.

Peter Dale, who owns Encore Recordings, said he has not heard anything from his landlord about plans to sell the building. But if a sale happens, Dale hopes McKinley will buy him out of his lease and help pay moving expenses. His space has been home to a record store since the 1960s.

"I don't have any plans to move now. I have a lease and as far as I'm concerned, I'm here for another four years,'' Dale said. "It would be very difficult to find another place to rent that I could afford with the right amount of floor space.''

The Towne Centre concept was born two years ago when McKinley bought the building at 401 E. Liberty St., the former home of TCF Bank's Michigan headquarters. The bank moved its offices to Livonia last year.

McKinley has since renovated the structure and its facade, added an entrance off South Division Street and built the building that now houses Salsarita's, which used to be a parking lot.

"This was a huge chunk of space that no one wanted to walk by,'' said Berriz.

Google Inc., the Bodman law firm and Ann Arbor Spark are located in the Towne Centre today, along with a TCF Bank branch, Bar Louie, Salsarita's and AT&T. Berriz estimates McKinley's total investment in the Towne Centre at more than $100 million.

Also in the vicinity of the Towne Centre is the planned Ann Arbor Hotel and 4 Eleven Lofts. The hotel, on the southwest corner of Division and Washington streets, was previously the site for Metro 202, which McKinley planned to develop as apartments. The hotel is going through the site plan approval process with the city.

The 4 Eleven Lofts development is a Joseph Freed and Associates apartment project that was previously know as Citi Centre Lofts and Washington Terrace.

Contact Stefanie Murray at smurray@annarbornews.com or 734-994-6932.

Note: This story has been adapted from material provided by The Ann Arbor News.

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September 25, 2007

September 24, 2007

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release

McKinley, a real estate investment firm headquartered in Ann Arbor, Michigan, is pleased to announce the successful disposition on behalf of our client Capmark, Inc. of Piqua Plaza a 138,742 shopping center in Piqua, Ohio.

McKinley took over management of Piqua Plaza in May of 2006 and provided property management expertise including property upkeep, lease renewals and collection of delinquent rent on behalf of our long standing client.

This disposition is a recent example of how McKinley aggressively solves real estate problems for our clients. From takeover to disposition, we enjoy exceeding expectations on a regular basis.

McKinley, founded in 1968, is a well respected national real estate investment firm that owns and operates $1.7 billion in assets in 103 properties for its own account and for select clientele. This includes 17,223 apartments and 5 million square feet of commercial space located in 9 states. Albert M. Berriz serves as Chief Executive Officer for McKinley, headquartered in Ann Arbor, Michigan. McKinley employs 717 full-time employees nationwide.

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