News


March 14, 2010

by Tony McReynolds

posted 6/2/2009

After twenty-three years on Huron Street next to City Hall, Tios Mexican Caf got the boot when the city bought the building last year. Owner Tim Seaver was scrambling to find a new space before his lease ends June 30, and he found one at the eleventh hourin a former Mexican restaurant, no less.

Seaver credits McKinley for making it possible. When the developers of McKinley Towne Centre heard he was looking for new digs, they asked if hed be interested in taking over the space recently vacated by Salsaritas Fresh Cantina on Liberty. We said, well, yeah, Seaver recalls, but we certainly cant pay what we think Salsaritas was probably paying. He says McKinley told him theyd been approached by several chain restaurants but didnt want another chain in there. They wanted a local place, and they made us an offer we couldnt refuse.

The new space is twice as big as the old one4,000 square feet compared to 2,000, which doubles the seating capacity from thirty-five to seventy. Its also twice as tallthe interior soars two stories to an exposed ceiling of beams and ductwork painted a sleek matte black. Tios will upgrade to match by providing table service in addition to take-out and delivery, as well as new menu items, including seafood dishes, steaks, and marinated chicken.

Seavers keeping some of Salsaritas touches, like the spectacular curved half ceiling suspended from the ductwork and painted to look like cloud-strewn blue desert sky. Hes also keeping the concrete bar because the citys already expedited a liquor license. If the state agrees and grants the license, Tios will stock a full bar. But Seaver stresses, Were going to be a restaurant with alcohol, not a bar with food.

Its a happy ending to what was threatening to turn into an ugly dispute between landlord and tenant. The city was delighted to find that we found a spot, because we were a thorn in their side, says Seaver, referring to his very public battle to get the city to help him relocate. City officials are anxious to put it all behind them. In addition to expediting the liquor license, they made a deal with Seaver to forgive his last two months rent if he was out by June 10.

For his part, Seaver admits the city didnt really have a free hand in helping him relocate. I understood that they did have some restrictions because they had to be careful what kinds of precedents they set, he says. But I still wanted to beat up on them.


Read More


March 1, 2010

March 2, 2010

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release

McKinleys Commercial Client Services group has successfully completed another work-out of a distressed asset. The property, Champaign Village Shopping Center, is a 143,120 square foot shopping center that McKinley took over as a court-appointed receiver in February of 2008. This was a successful resolution as McKinley improved the physical appearance of the property, renewed the leases of key tenants and successfully transitioned the asset to a purchaser of the property.

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 7.0 million square feet of commercial space located in 19 states. Headquartered in Ann Arbor, Michigan, Albert M. Berriz serves as Chief Executive Officer with 1,200 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.

-end-

Read More


February 23, 2010

February 23, 2010

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release



McKinley, Inc. has been appointed Receiver for a retail building located in Royal Oak, Michigan. The appointment was made by the Oakland County Circuit Court. 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 19 states. Headquartered in Ann Arbor, Michigan, Albert M. Berriz serves as Chief Executive Officer with 1,200 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.

-end-

Read More


February 22, 2010

February 23, 2010

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release


McKinley, Inc. has been appointed Receiver for a 25,474 square foot office and industrial building located in Madison Heights, Michigan. The appointment was made by the Oakland County Circuit Court. 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 19 states. Headquartered in Ann Arbor, Michigan, Albert M. Berriz serves as Chief Executive Officer with 1,200 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.

-end-

Read More


February 3, 2010

February 4, 2010

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release

McKinley, Inc. has been appointed Receiver for Lake Regency Estates, a 384 unit apartment home community located in College Park, Georgia. The appointment for Lake Regency Estates was made by the Superior Court of Cobb County in the State of Georgia.

We are excited to have the opportunity to apply our proven track record of success to assist with this asset. Im confident that by applying our teams passion and expertise, we will be able to enrich the quality of life and create value for all of the stakeholders, states Albert M. Berriz, Chief Executive Officer.

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 19 states. Headquartered in Ann Arbor Michigan, Albert M. Berriz serves as Chief Executive Officer with 1,200 full-time employees nationwide.

-end-

Read More


January 14, 2010

January 14, 2010

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release

McKinleys Chief Executive Officer, Albert M. Berriz, is pleased to announce the following additions to the Executive Committee effective immediately:

Leslie Moubray, Regional Property Manager, Midwest Region, joined McKinley in July of 1999.

Tom Gritter, Assistant Vice President, Commercial Client Services, joined McKinley in March of 2007.

April Davis, National Leasing Director, Commercial, joined McKinley in September of 2007.

Joanna Dettling, Asset Manager, Residential Client Services, joined McKinley in August of 2008.

Albert L. Berriz, Director of Marketing, Media, & Attraction, joined McKinley in December of 2008.

Ping Dai, Controller, Residential Real Estate, joined McKinley in February of 2009.

The Executive Team is responsible for ensuring McKinleys Core Values are followed by all team members with the Core Purpose to enrich the quality of life in our communities by solving complex real estate problems via a culture of high-touch service and sales.

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 19 states. Headquartered in Ann Arbor Michigan, Albert M. Berriz serves as Chief Executive Officer with 1,200 full-time employees nationwide.

-end-

Read More


January 3, 2010

December 23, 2009

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release

McKinley, Inc. has been appointed Receiver for the Applegate Square Shopping Center, a 55,000 square foot retail center in Southfield, Michigan. The appointment was made by the Oakland County Circuit Court. 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 19 states. Headquartered in Ann Arbor, Michigan, Albert M. Berriz serves as Chief Executive Officer with 1,200 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.

-end-

Read More


December 27, 2009

December 22, 2009

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release

McKinley, Inc. has been appointed Receiver for Metro Pointe Apartments located in Romulus, Michigan. Metro Pointe Apartments is a 96 unit apartment community with a mix of 1 and 2 bedroom apartments. The apartment community is near the Detroit Metropolitan Airport and local freeways. The appointment was made by the Wayne County Circuit Court.

We are excited to have the opportunity to apply our proven track record of success to assist with this asset. Im confident that by applying our teams passion and expertise, we will be able to enrich the quality of life and create value for all of the stakeholders, states Albert M. Berriz, Chief Executive Officer.

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 19 states. Headquartered in Ann Arbor Michigan, Albert M. Berriz serves as Chief Executive Officer with 1,200 full-time employees nationwide.

-end-

Read More


December 16, 2009

December 17, 2009

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release

McKinley, Inc. has been appointed Receiver for the Northeast Corporate Center, a three-building, 223,114 square foot office park in Ann Arbor, Michigan. The appointment was made by the United States District Court, Eastern District of Michigan. "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 19 states. Headquartered in Ann Arbor Michigan, Albert M. Berriz serves as Chief Executive Officer with 1,200 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.

-end-

Read More


December 15, 2009

December 15, 2009

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release

McKinley, Inc. has been appointed Receiver for Marcus Pointe Grande Apartments located in Pensacola, Florida. Marcus Pointe Grande is a beautiful 248 unit apartment community with a mix of 1, 2 and 3 bedroom homes. The community also offers 11 different floor plans offering potential residents a variety of opportunities to find a perfect fit in their new home. The appointment was made in the Circuit Court of the 1

"We are excited to have the opportunity to apply our proven track record of success to assist with this asset. Im confident that by applying our teams passion and expertise, we will be able to enrich the quality of life and create value for all of the stakeholders," states Albert M. Berriz, Chief Executive Officer.

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 19 states. Headquartered in Ann Arbor Michigan, Albert M. Berriz serves as Chief Executive Officer with 1,200 full-time employees nationwide.

-end-

Read More


Tagged

Archives