May 16, 2013
Ann Arbor, MI - McKinley is pleased to announce that Commercial Client Services has completed another successful disposition on behalf of our valued institutional client. The property, Whiting Town Center, is a 3,003 square foot retail out lot located in Manchester, New Jersey. McKinley was appointed as Receiver in June of 2011 and was later retained as Property Manager. During McKinleys tenure managing the property, a successful tax appeal was completed, operating costs were reduced and the appearance of the property improved which enabled an effective transaction.
I am once again proud of our team with the completion of this most recent disposition on behalf of our important client, stated Matthew D. Mason, Managing Director, Real Estate for McKinley. We appreciated the opportunity to reach a successful outcome for the stakeholders, shared Mason.
May 16, 2013Ann Arbor, MI - McKinley is pleased to announce that Commercial Long Term Management has completed a successful disposition on behalf of our client. The property is a 53,748 square foot building in Southfield, Michigan that is 100% occupied by Lear Corporation. The building comprised a portion of a seven property portfolio for which McKinley was retained in November 2012 as part of a retail bankruptcy.
We are pleased to have had the opportunity to facilitate this successful disposition, stated Matthew D. Mason, Managing Director, Real Estate for McKinley. We have significant expertise in the region which proved advantageous for all parties, shared Mason.
May 16, 2013
Ann Arbor, MI We are pleased to announce that the Superior Court in Forsyth County, North Carolina has appointed McKinley the Receiver for 4140 North Cherry Street, a 17,187 square foot light industrial/flex building in Winston-Salem, NC.The property is currently 100% leased to John S. Clark Company, a regional general contractor. This receivership represents the eighth Commercial property currently under management in the State of North Carolina for McKinley Commercial Client Services.
We are pleased to add this property to our efforts in North Carolina, commented Matthew D. Mason, Managing Director, Real Estate, McKinley. We appreciate the opportunity to once again utilize our expertise and track record in the market, shared Mason.
May 14, 2013The Ann Arbor YMCA is offering free swim and water safety classes at Washtenaw County apartment complexes this summer following last years successful program. Children from five Mckinley-owned properties including The Villas, Aspen Chase, Golfside Lake, Roundtree and Evergreen apartment complexes in Ypsilanti, Ypsilanti Township and Pittsfield Township can participate in the lessons. Read the whole article on annarbor.com.
May 1, 2013
ANN ARBOR, MI & IRVINE, CA McKinley-Avanath Co-CEO's Albert M. Berriz and Daryl J. Carter announced today that it has assumed management of two LIHTC communities, Renaissance Court located in Pontiac, MI and Village at Irving Park located in Battle Creek, MI, on behalf of an institutional client.
"This is another marvelous example of the superior execution capacity our McKinley-Avanath platform can provide our institutional clients in the LIHTC arena, stated Berriz and Carter.
McKinley-Avanath is a nationally respected owner-operator of LIHTC housing generating superior results for its own portfolio and for select institutional clients. "We are excited to apply our extensive local experience and resources to this most important Michigan opportunity, commented Ken Polsinelli Chief Real Estate Officer.
April 28, 2013
Check out the great article featured on annarbor.com about McKinley's idea to build affordable rental housing on a vacant 4.47-acre parcel on South State Street.
April 28, 2013
Check out the article featured on Annarbor.com about Ann Arbors first major planning study of the South State Street area in 22 years. The South State Street Corridor Plan is nearing completion and it will likely result in a new chapter added to the citys master plan.
April 22, 2013
HOLLAND, MI McKinley's Commercial Client Services is proud to announce the successful disposition of Lakeshore Medical, located in Holland, Michigan. Lakeshore Medical is a four-building medical office complex totaling 120,382 square feet. Since McKinleys takeover in March of 2012, life safety issues were addressed, roof replacements were completed and several leases were renewed with the anchor tenant, Holland Hospital.
I am very pleased with our teams results at Lakeshore Medical as well as the successful outcome on behalf of all stakeholders, stated Matthew D. Mason, SVP and Managing Director, Commercial Client Services.
April 18, 2013
ORLANDO, FLORIDA - McKinley announced today that Kenneth P. Polsinelli, its Chief Real Estate Officer, has been appointed Receiver for the Florida Empirian Portfolio. The portfolio consists of 21 assets and a total of 2,141 units located throughout Southern, Central and Northern Florida. "We are very excited to apply the resources of our Florida platform to this assignment," commented Polsinelli. "This is a complex assignment as the geography stretches from Southern Dade County up to the Panhandle. There are few organizations that can mobilize instantly to take over a distressed portfolio of this size with such a broad geography throughout the state of Florida," added Polsinelli.
Florida is McKinley's largest concentration of assets under management with over 12,000 multifamily units and a large retail and office portfolio located throughout the state. McKinley has been actively managing and investing in Florida since 1982, and it has over 500 marvelous team members on the ground throughout the state. "Ken has done an extraordinary job mobilizing quickly for this takeover with the support of Alex Jackiw and her Florida based leadership team," said Albert M. Berriz, CEO. "We will execute at a very high level for all of the stakeholders in this most complex real estate transaction and are committed to delivering superior results" added Berriz.
April 17, 2013ANN ARBOR, MI McKinley is pleased to announce the promotion of Julie Budge to Vice President, Residential Client Services. Since joining McKinley in 2011 as a Regional Director, Julie has been a driving force in the success of McKinleys expansion into Texas. Among other achievements, Ms. Budge has successfully built teams in new locations that reflect the companys core values. In her new role, Julie will report to Royal Caswell, Chief Operating Officer at McKinley.
Please join McKinley in congratulating Ms. Budge on this important and well deserved promotion.
I am both proud and pleased to announce this promotion, stated Mr. Caswell. Julies effectiveness has been tremendous and I look forward to working side by side with her as she undertakes this new role.