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."