October 15, 2013
Brown Deer, WI McKinleys Institutional Commercial Real Estate has completed another successful workout of a distressed office building. The property, Brown Deer Office Building, is a 55,551 square foot office building in Brown Deer, Wisconsin. McKinley was appointed as Receiver for the property in July 2012 and remained in place as Receiver until the asset was sold to a private investor at a Sheriffs Sale.
"We are very pleased to add another successful chapter to the McKinley Institutional Commercial Real Estate track record," commented Matthew Mason, Senior Vice President and Managing Director of Real Estate at McKinley.
October 15, 2013
South Lyon, MI - McKinley Institutional Commercial Real Estate has been appointed Manager of Huntington Square on behalf of our valued client. This 60,597 square foot retail asset is located in South Lyon, Michigan. The property is positioned on Pontiac Trail, a major Oakland County thoroughfare, just North of 10 Mile Road. South Lyon is located in the southwestern corner of Oakland County and is minutes from I-96 and US-23. Conveniently located near major employers, shopping and international airports, South Lyon offers small town charm with big city amenities. With this management assignment, the McKinley Institutional Commercial Real Estate groups total number of managed commercial assets in Michigan climbs to 27.
We are pleased to add this property to our numerous efforts in Michigan, commented Matthew D. Mason, Senior Vice President and Managing Director of Real Estate at McKinley. We appreciate the opportunity to once again utilize our expertise and track record in this market, one that we know well and in which we have extensive experience, shared Mason.
September 22, 2013
McKinleys CEO, Albert M. Berriz joins 27 other business leaders in support of Detroits $250 billion bright futureREAD MORE.
August 12, 2013
CHAMPAIGN, ILLINOIS McKinley has been appointed Receiver for University Village by the Circuit Court of the Sixth Judicial Circuit, Champaign County, IL and will immediately begin managing this purpose-built student housing community located in Champaign, IL, just north of the University of Illinois main campus. The property consists of 240 units and 792 beds and offers a mix of two bedroom/two bath, three bedroom/three bath and four bedroom/four bath floor plans. A full array of amenities is provided for residents including: swimming pool, tanning beds, indoor basketball court, dog park, game room, computer study lounge, fitness center, car care facility, and grilling areas. University Village is a gated community and provides a complimentary shuttle service to and from the University of Illinois campus. In addition to serving students who attend the University of Illinois, the property also caters to students attending Parkland College in Champaign.
McKinley has a long history of operating properties in college towns that serve student populations and our management platform includes a team dedicated specifically to the specialized area of purpose-built student housing. We are pleased to be able to offer management and advisory services to our clients with student housing assets and look forward to putting our expertise to work at University Village, stated Alexandra S. Jackiw, Managing Director, Institutional Residential Real Estate.
August 5, 2013
COLUMBUS, OH McKinleys Institutional Residential Real Estate group is pleased to announce its newest multi-family portfolio appointment on behalf of our valued client. McKinley has been engaged to provide Real Estate Advisory services, Property Management Services and Asset Management Services for three apartment communities in greater Columbus, OH. The communities include College Park, Gateway Lakes and Worthington Meadows, and consist of 1,030 apartment homes.
College Park is ideally located near The Village of Bexley and Capital University, Gateway Lakes is conveniently located near shopping and dining in Grove City, and Worthington Meadows Townhomes are located in the beautiful community of Worthington. These three communities include one and two bedroom apartment homes and are located with quick access to downtown Columbus and to major highways and interstates.
McKinley currently owns and manages 12,372 apartment homes in the Midwest and is continuing to expand in the region. Our team has done an extraordinary job mobilizing quickly for this assignment," said Albert M. Berriz, McKinleys Chief Executive Officer. "We are pleased to undertake this most recent endeavor on behalf of all stakeholders and are committed to delivering superior results," added Berriz.
August 1, 2013
LAKE MARY, FL McKinley is pleased to announce that its Institutional Commercial Real Estate Group has completed another successful workout. The Property, Lake Emma Corporate Park, is a 245,000 square foot, two building office complex located in Lake Mary, Florida. McKinley was appointed as Receiver on August 8, 2011 and was subsequently retained as Property Manager. During McKinleys time managing the property, a successful tax appeal was negotiated, an extensive HVAC replacement project was completed, operating costs were reduced, occupancy was increased and the overall property appearance was enhanced. These improvements allowed for the successful disposition of the asset.
We are pleased to have the opportunity to successfully reposition this asset for sale, shared Matthew D. Mason, Managing Director, Real Estate, McKinley. Our expertise and track record is longstanding in Florida, as we have successfully owned and operated real estate in the state since 1982, shared Mason.
July 28, 2013
Ann Arbor, MI McKinley is pleased to announce that James Stanfill has joined the company as Managing Director, West Coast Operations to lead the McKinley Residential expansion into California. Jim is a California native, and an accomplished real estate executive having graduated from UCLA with a BA in Economics in 1990. Jim spent the past 23 years as an office and retail property specialist, earning the CCIM designation while focusing his efforts primarily on Southern California. During his tenure, Jim leased or sold assets with a total value of over a half billion dollars. Jim was a top producer at Coldwell Banker Commercial WESTMAC, representing numerous local and national firms, and achieved the Circle of Distinction for every year Coldwell Banker Commercial has given the award. Jim began his Commercial Real Estate career in the research department of Cushman & Wakefield.
We are thrilled to welcome Jim into the McKinley family, states Albert M. Berriz, McKinley's Chief Executive Officer. This appointment is part of our overall strategy to position McKinley to thrive as we continue to grow and expand. Jim complements our strong existing capabilities and he is a great fit with our culture which will positively impact our customers and the services we provide to our stakeholders, shared Berriz.
Mr. Stanfill's experience, expertise and market knowledge will be instrumental to McKinley's growth throughout California and the West Coast. Jim and his wife Cindy have two daughters, and reside in Southern California.
July 18, 2013
Read this great article about Detroit's bankruptcy on annarbor.com featuring McKinley's CEO Albert M. Berriz.
July 18, 2013
Check out this great article featuring McKinley's CEO, Albert M. Berriz, on Bizjournals.com.
July 2, 2013
Check out this great article on Rejournal.com featuring McKinley's $20 million upgrade for its owned portfolio.