News


July 21, 2009

Michigan CEOs believe states economy will worsen, survey shows


Michigan CEOs are pessimistic about Michigans economy in the coming months but believe the national economy will hit bottom and begin to improve, according to a survey released Wednesday by Detroit Renaissance Inc. and the Michigan Business Leadership Council.

The survey of 60 Michigan chief executives found approximately 90 percent forecasting the same or lower employment and Michigan capital investment over the next six months.

Sixty-eight percent said they expect the Michigan economy will worsen over the next six months, while 80 percent believe the U.S. economy will be the same or improve.

Looking ahead 18 months, 80 percent of those surveyed believe Michigans economy will stay the same or worsen, with 49 percent saying the economy will be the same and 31 percent expecting further decline.

However, 78 percent of CEOs believe the U.S. economy will be in recovery.

In a news release, Doug Rothwell, president of Detroit Renaissance and the leadership council, said the survey results should be informative to state policymakers.

The leadership council is a statewide group of corporate executives that meets throughout the year to discuss ways to improve the economy and make Michigan a more competitive place to do business,

The results show two things: First, Michigan cannot expect to grow out of its fiscal crisis anytime soon so it must make structural budget reforms, and second, major changes are needed to stimulate economic growth in this state, Rothwell said.

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July 20, 2009

July 20, 2009

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release

McKinley, Inc. has been appointed Receiver for Silver Lake Hills Apartments, a 306 unit apartment home community located in Fenton, Michigan. Silver Lake Hills Apartments offers a unique combination of luxury living apartments surrounded by natural beauty yet close to parks, beaches, and minutes from the Foley Town Square Shopping Plaza. The appointment for Silver Lake Hills Apartments was made in the Circuit Court for the County of Genesee.

We are pleased that we have been selected to assist with this community, states Garrett Hain, Vice President, Residential Client Services. I am confident that by applying our teams passion and expertise, we will be able to enrich the quality of life for the residents and create value for the stakeholders.

McKinley, founded in 1968, is a well respected national real estate investment firm that owns and operates $2.4 billion in assets in 139 properties for its own account and for select clientele. This includes 28,358 apartments and over 6.2 million square feet of commercial space located in 15 states. Headquartered in Ann Arbor Michigan, Albert M. Berriz serves as Chief Executive Officer with 1,050 full-time employees nationwide.

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July 19, 2009

July 20, 2009

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release

McKinley, Inc. is pleased to announce the successful workout of the Pike Plaza Shopping Center in Indianapolis, Indiana. McKinley has managed the operations of the shopping center since its initial appointment as the propertys Receiver in November 2006. Utilizing its established operational and workout platform, McKinley was able to position the shopping center for disposition and achieve a great result for the stakeholders.

McKinley, founded in 1968, is a well respected national real estate investment firm that owns and operates $2.4 billion in assets in 139 properties for its own account and for select clientele. This includes 28,358 apartments and over 6.2 million square feet of commercial space located in 15 states. Headquartered in Ann Arbor Michigan, Albert M. Berriz serves as Chief Executive Officer with 1,050 full-time employees nationwide.

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July 13, 2009

July 14, 2009

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release

McKinley, Inc. has been appointed Receiver for Fairview Apartments, a 104 unit apartment home community located in Pompano Beach, Florida. The property is located halfway between Interstate 95 and South Dixie Highway. The appointment for Fairview was made by the Circuit Court of the Seventeenth Judicial Circuit, Broward County, Florida.

"We are pleased that we have been selected to assist with this community," states Garrett Hain, Vice President, Residential Client Services. "I am confident that by applying our teams passion and expertise, we will be able to enrich the quality of life for the residents and create value for the stakeholders."

McKinley, founded in 1968, is a well respected national real estate investment firm that owns and operates $2.4 billion in assets in 139 properties for its own account and for select clientele. This includes 28,358 apartments and over 6.2 million square feet of commercial space located in 15 states. Headquartered in Ann Arbor Michigan, Albert M. Berriz serves as Chief Executive Officer with 1,050 full-time employees nationwide.

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July 13, 2009

July 13, 2009

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release

McKinley, Inc. has been appointed Receiver for a 15,280 square foot freestanding retail building located in Anniston, Alabama. This is McKinleys first commercial receivership appointment in Alabama, and this asset represents the third commercial workout for our fast-growing Atlanta region. The appointment for the building was made by the Circuit Court of Calhoun County, Alabama.

"Im confident that by applying our experience and expertise, we will be able to create value for the stakeholders," states Matt Mason, Senior Vice President, Commercial Client Services.

McKinley, founded in 1968, is a well respected national real estate investment firm that owns and operates $2.4 billion in assets in 139 properties for its own account and for select clientele. This includes 28,358 apartments and over 6.2 million square feet of commercial space located in 15 states. Headquartered in Ann Arbor Michigan, Albert M. Berriz serves as Chief Executive Officer with 1,050 full-time employees nationwide.

For more information on McKinleys Commercial Client Services and Property Management, please contact Matthew D. Mason at 734-769-8520 x267.

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June 29, 2009

June 30, 2009

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release

McKinley, Inc. has been appointed Receiver for Washington Place Shopping Center, a 103,000 square foot building located in Indianapolis. The shopping center, located adjacent to the Washington Square Mall, includes tenants such as Office Depot, AT&T Wireless and Supercuts. The appointment for Washington Place was made by Marion Superior Court in the County of Marion, Indiana.

I am confident that by applying our experience and expertise, our team will be able to create value for the stakeholders, states Matt Mason, Senior Vice President, Commercial Client Services.

McKinley, founded in 1968, is a well respected national real estate investment firm that owns and operates $2.4 billion in assets in 139 properties for its own account and for select clientele. This includes 28,358 apartments and over 6.2 million square feet of commercial space located in 15 states. Headquartered in Ann Arbor Michigan, Albert M. Berriz serves as Chief Executive Officer with 1,050 full-time employees nationwide.

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June 29, 2009

June 29, 2009

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release

Ann Arbor, MI - Matthew D. Mason has been promoted to Senior Vice President, Commercial Client Services. Mr. Mason leads McKinleys Commercial Client Services division. Mr. Mason has significant expertise in assisting institutional clients in the workout of distressed shopping centers, office buildings and industrial buildings throughout the United States. Mr. Mason has been appointed as a court-appointed Receiver for distressed assets in multiple states. Mr. Mason leads a team of eight commercial portfolio and asset managers who as a team employ a disciplined, value added business model to ensure successful results for our clients. Including the management of his team, Matts duties includerelationship management, commercial portfolio management and redevelopment, lease negotiation, and acquisition and disposition of new assets. Matt is a member of McKinleys Executive Committee. Heis a graduate of the University of MichiganDearborn where he studied Political Science and History (96, B.A.). After graduation from U-M, Mr. Mason attended the Thomas M. Cooley Law School in Lansing, Michigan (98, J.D.). He is a member of the Michigan State Bar and a Certified Commercial Investment Member (CCIM).

McKinley, founded in 1968, is a well respected national real estate investment firm that owns and operates $2.4 billion in assets in 139 properties for its own account and for select clientele. This includes 28,358 apartments and over 6.2 million square feet of commercial space located in 15 states. Headquartered in Ann Arbor Michigan, Albert M. Berriz serves as Chief Executive Officer with 1,050 full-time employees nationwide.

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June 29, 2009

June 19, 2009

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release

McKinley, Inc. is proud to announce our lead sponsorship of the 7th Annual St. Pete Pride 2009 event taking place during the month of June. Event festivities will be held in St. Petersburg, Florida and the St. Pete Pride Parade will take place on Saturday, June 27th. To learn more please visit http://www.stpetepride.com/sponsor.

The St. Pete Pride event is one of the largest in the Southeast, second only to Atlanta. It has been a great experience for the entire McKinley team. We promote diversity, and we are really living this core value at McKinley! states Cecelia Ford, Senior Regional Property Manager, Southern Region. We have made wonderful contacts within the LGBT community and I believe that our participation will greatly benefit both the event and our organization.

McKinley, founded in 1968, is a well respected national real estate investment firm that owns and operates $2.4 billion in assets in 139 properties for its own account and for select clientele. This includes 28,358 apartments and over 6.2 million square feet of commercial space located in 15 states. Headquartered in Ann Arbor Michigan, Albert M. Berriz serves as Chief Executive Officer with 1,050 full-time employees nationwide.

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June 11, 2009

The rise of social media think Facebook, Twitter, LinkedIn and YouTube has caught the attention of the business community, which increasingly is using the outlets as online recruiting tools.

Instead of tedious hourly updates about the grindingly dull minutiae of mundane lives, metro Detroit companies and job seekers have discovered that social media allows a focused, cost-effective way of bolstering, and in some cases supplanting, traditional print, broadcast and online recruiting.

Even the Central Intelligence Agency and National Security Agency are using Facebook to recruit.

U.S. Web-based recruiting has grown into a $522 million industry, and it's predicted to grow at a rate of 8 percent a year, based on 2008 Forrester Research data, reported Cobizmag.com, an online Colorado business magazine.

That includes traditional job Web sites, but it's harder to quantify the use of purely social networking sites, which typically are free.

Southfield-based automotive data analysts R.L. Polk & Co. has an interactive career portal (polk.standoutjobs.com) that links to more than 50 social networks.

We also use Twitter, Facebook and MySpace to broadcast our opportunities. I would say social networks are the main way we advertise and generate all of our candidates, said JayMarshall, Polk's manager of talent acquisition.

The company's use of social media for recruiting recently helped it become a winner in the biennial Arbor Awards for Excellence for innovative or best resources in human resources management, sponsored by Northville-based human resources consulting firm The Arbor Consulting Group and Eastern Michigan University.

About 25 percent of Farmington Hills-based design agency Eview 360's job interviewees come from social media contacts, CEO Melissa Centra said.

You can reach a great deal of people through social networking, and you can also gain a lot more referrals that way, she said. In addition, the word about the company hiring spreads rapidly, which generates unsolicited inquiries.Instead of incurring the cost of placing an ad, you can use your network to spread the word and help you identify top talent.

Unlike recruiting-specific online resources, such as Monster.com and CareerBuilder.com, most social networking sites are free. They can be set up in minutes and are relatively easy because they're designed for general use.

Ann Arbor-based McKinley Inc., a national real estate firm, has hired 150 people this year and expects to hire 150 more. Much of the recruiting will be done through the firm's various online tools, including Facebook.

McKinley began using social networking outlets to recruit in February and has discovered that the yield ratio of inquiries to actual interviews is extremely high, about 75 percent, said Karen Andrews, the firm's chief development officer.

The candidates we've seen come though (social media connections) are exactly what we're looking for, she said.

The company is adding short video interviews with current employees to McKinley's social media pages to show prospective candidates what it's like to work there.

We want it to be an authentic feel of what it's like to work with us, Andrews said. The spots are being made with a $200 Flip digital video camera.

The companies using social media to recruit are as varied as those who use it for play.

For example, Troy-based Diversified Industrial Staffing Inc. has been posting job openings on social media Web sites for the past month. The company is a head-hunter for clients seeking to fill skilled jobs, such as machinists and welders, in the construction, manufacturing and logistics industries.

Those looking for jobs are increasingly turning to their social networking in addition to traditional online recruiting sites.

With this job search, I didn't want at all to look on Monster and HotJobs and all the popular sites, said Brenda Meller, who was hired in December as marketing manager for Troy-based Walsh College, thanks to a connection on LinkedIn.com, a networking site that connects people professionally and academically

I didn't want to be lost in the millions of people looking out there.

She made a connection with someone at Walsh on LinkedIn, and hers was the first rsum for the job (of hundreds) that wasn't posted yet. She was able to build a rapport through social media with the recruiter and eventually landed the position.

Meller cautioned that being first and being savvy with social networking is helpful, but being qualified for the job is more important.

LinkedIn got me there, but it was a combination of factors that got me the job at Walsh, she said.

Others remain comfortable with traditional job-search methods.

Farmington resident and certified public accountant Dave Schneider is looking for a job as a staff or senior accountant, or being an assistant controller. He doesn't use social media.

I guess I am not familiar with how the social networking works, he said. I think accountingjobs are found using the traditional approach; however, I could be mistaken.

Bill Shea: (313) 446-1626, bshea@crain.com

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June 3, 2009

June 4, 2009

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release

McKinley, Inc. has been appointed Receiver for Greenwich Apartments, a 58 unit apartment home community located in North Toledo. The appointment for Greenwich was made by the Court of Common Pleas in Lucas County, Ohio.

We are pleased that we have been selected to assist with this community. states Garrett Hain, Vice President, Residential Client Services. I am confident that by applying our teams passion and expertise, we will be able to enrich the quality of life for the residents and create value for the stakeholders.

McKinley, founded in 1968, is a well respected national real estate investment firm that owns and operates $2.4 billion in assets in 139 properties for its own account and for select clientele. This includes 28,358 apartments and over 6.2 million square feet of commercial space located in 15 states. Headquartered in Ann Arbor Michigan, Albert M. Berriz serves as Chief Executive Officer with 1,050 full-time employees nationwide.

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