September 30, 2012
Ann Arbor, MI McKinley is pleased to announce that The Shoppes at Akron Center, a retail center located in downtown Akron, was recently awarded the 2012 Beautification Watch Award by the Beautification Bureau of Keep Akron Beautiful. The award was established in 1983 to recognize people, organizations and businesses that consistently work to keep their Akron property clean and beautiful. The award is based on businesses that exemplify a litter-free property with well-maintained flowers, shrubs and/or trees, free of weeds and that stands out from its neighbors.
I am extremely pleased to have won this award, said Denise Armstrong, assistant vice president and regional property manager for McKinley. I am so proud of the Akron team for taking such good care of the building and the landscaping. They do such a great job and I am so honored to work with them - thanks again to the entire team!"
"I am very proud of our Akron Team" said Albert M. Berriz, CEO. "We have the very best office management team in the marketplace and the best office environment anywhere in Downtown Akron."
September 24, 2012
Ann Arbor, MI Albert M. Berriz, CEO of McKinley, will be speaking October 3 at 2 pm EST on a webinar jointly sponsored by Multi-Housing News and Commercial Property Executive. The webinar, "Secondary and Tertiary Markets: Identifying, Finding and Investing in Commercial Real Estate Opportunities", will examine alternative commercial and multifamily property markets that are still ahead in the business cycle, as well as outline local market fundamentals and investment opportunities including off-market, submarket, distressed and REO assets. The panel will also supply expert tips on working with the brokerage community, underwriting properties, obtaining financing, and negotiating deals that can provide a great start to identifying, finding and investing in these commonly overlooked markets.
Other participants on the webinar include Ernie Katai, senior vice president at Berkadia: Gary Ralston, managing partner Coldwell Banker Commercial, Saunders Ralston Dantzler Realty; and John Sebree, vice president, national director, National Housing Group, Marcus & Millichap Real Estate Investment Services.
September 19, 2012
Ann Arbor, MI Albert M. Berriz, CEO of McKinley, will be speaking at the Multifamily Executive Conference on October 9 at Aria Hotel and Casino in Las Vegas from 10:45 am 11:45 am. The panelists will discuss acquisition-rehab deals that were all the rage at the height of the last boom period and the fact that many of them never lived up to their underwriting promises. But as rent growth resumes, developers are finding more opportunities to turn around troubled properties. This panel will deliver tips on finding the best rehab deals and identifying which upgrades provide the most value to an apartment community.
Other speakers on the panel include moderator, Steve Heimler, President, Cirrus Asset Management; Paul Zakhary, Manager, The Bascom Group; and James Maclin, SVP/Director of Corporate Services, MAA.
September 18, 2012
Ann Arbor, MI Alexandra Jackiw, Managing Director of McKinley's Residential Client Services will be speaking on September 19 at the Citrus Club in Orlando at the Commercial Real Estate Women (CREW) luncheon program from 11:30 am to 1 pm. This panel will explore and highlight several key areas relating to the rapid and strong recovery of the multifamily market.
Other speakers on the panel also include Kyle Riva, President of Epoch Properties; Martha Anderson Hartley, Attorney/Shareholder at Baker, Donelson, Bearman, Caldwell & Berkowitz, PC; and the moderator of the panel, Sarah Kelly Vice President of Business Development for Wayne Automatic Fire Sprinklers.
September 6, 2012
ANN ARBOR, MIMcKinley is pleased to announce that it has been appointed receiver by the Iowa District Court for Black Hawk County for a 67,250 square foot office building in Cedar Falls, Iowa. The building, which was constructed in 2002, was well occupied until recently when a large tenant vacated the building.
We appreciate the opportunity to manage the Cedar Falls office building," commented Matt Mason, Senior Vice President and Managing Director of Real Estate at McKinley. "McKinley has already started initiating a long term work out plan for the building and we have already brought on several members of our Midwest team to provide property management services. This appointment is also significant as it is McKinley's first real estate assignment in the state of Iowa and represents the continued expansion of our commercial client services platform."
September 6, 2012
ANN ARBOR, MIMcKinley Commercial Client Services is pleased to announce the successful workout and disposition of Kelly Road Self-Storage, a 499 unit storage facility in Ft. Myers, FL. McKinley was appointed receiver of the property on June 10, 2010 and later assumed property management after the foreclosure of the asset. The value of the asset increased significantly due to the repositioning strategy employed by McKinley.
"We are very pleased to add another successful chapter to the McKinley Commercial Client Services track record," commented Matt Mason, Senior Vice President and Managing Director of Real Estate at McKinley. "The McKinley team was able to double occupancy and revenue while enhancing the appearance of the asset through extensive landscaping, painting and asphalt work, as well as work with local agencies in order to satisfy long standing fire, elevator, and landscaping compliance issues."
September 5, 2012
ANN ARBOR, MIMcKinley is pleased to announce that it has been appointed receiver by the Court of Common Pleas for Richland County, South Carolina for Pinnacle Point, a 55,000 square foot office building in Columbia, South Carolina. The building is currently 87% occupied with current tenants including the University of Phoenix and the Climatic Corporation.
We appreciate the opportunity to manage Pinnacle Point," commented Matt Mason, Senior Vice President and Managing Director of Real Estate at McKinley. "McKinley has already started initiating a long term work out plan for the building and we have already brought on several members of our Southeast team to provide property management services. This appointment is also significant as it is McKinley's first commercial assignment in the state of South Carolina and represents the continued expansion of our commercial client services platform."
August 27, 2012
Ann Arbor, MI McKinley is pleased to announce that Jill Burke, Pam Nesbitt-Reau and Robin Roark have all achieved the Tax Credit Specialist designation awarded by the National Center for Housing Management (NCHM). Jill is a Regional Director, Property Operations, Pam is the Senior Regional Property Manager, Midwest and Robin is takeover specialist also assigned to the Midwest.
"It's great that Jill, Pam and Robin took this course to gain a better understanding and knowledge of the special requirements needed for managing tax credit properties," said Alexandra Jackiw, managing director of McKinley's Residential Client Services division. "McKinley applauds their decisions and congratulates all of them for passing the exam. We are thrilled that all of them have been awarded this designation. They are all to be congratulated on their success."
August 20, 2012
ANN ARBOR, MIMcKinley is pleased to announce it has been retained as the property and asset manager for 1111 Imeson Park Boulevard, a 248,160 square foot office and industrial development in Jacksonville, Florida.
We appreciate the opportunity and we look forward to being involved in the repositioning of 1111 Imeson Park Boulevard, " commented Matt Mason, Senior Vice President and Managing Director of Real Estate at McKinley. 1111 Imeson Park Boulevard represents McKinley's second assignment in Jacksonville and increases its managed Florida commercial portfolio to more than 1 million square feet."
August 19, 2012
Norfolk, VA Diane O'Brien, the driving force behind McKinley's J.A.N.A.F. Shopping Yard in Norfolk, VA recently announced her upcoming retirement after a total of 26 years working at the retail center, the last 23 years of them with McKinley.
"Approximately 23 years ago we acquired J.A.N.A.F. Shopping Yard and the best was yet to come -- Diane O'Brien was leading the show when we bought the property. Now, a brief 23 years later, after many "ups" and many "downs", J.A.N.A.F is the most important retail center of its kind in all of the state of Virginia with more than 1 million square feet and currently sitting at 99% occupancy," exclaimed Albert M. Berriz, CEO of McKinley. "Many things have come and gone at J.A.N.A.F. during these 23 years, but one constant has remained and that's Diane! She is a rock, yet modest, a giant amongst giants in my book. She is family, and she is forever J.A.N.A.F. We wish her continued success on this new phase of her life but she knows the door is wide open should she ever get too bored."
"It seems like just yesterday that I first met Albert M. Berriz and the McKinley team after their acquisition of J.A.N.A.F Shopping Yard," mentioned Diane O'Brien. "It's been quite a ride these past 23 years and I am extremely happy to have been an integral part of J.A.N.A.F. Shopping Yard and the McKinley team. I appreciate all the opportunities that have been presented to me during my career at McKinley and I wish the entire team continued success."