January 28, 2013
See what Albert M. Berriz, CEO, McKinley had to say about secondary and tertiary markets at the webinar for Commercial Property Executive.
January 24, 2013
BRIGHTON, MI McKinley Commercial Client Services is pleased to announce that the United States District Court, Eastern District of Michigan has appointed McKinley the Receiver for Green Oak Village Place, a 315,000 square foot retail and dining development in Brighton, Michigan. The centers tenants include Old Navy, Dicks Sporting Goods and Johnny Carinos Italian Restaurant. The addition of Green Oak Village Place brings McKinleys active commercial workout portfolio in Michigan to 3,700,000 square feet.
"We are excited about the opportunity to lend our expertise to this project, which is very important to the surrounding community," said Matthew Mason, Senior Vice President and Managing Director of Real Estate at McKinley.
We appreciate the opportunity to be involved in the repositioning of this asset on behalf of all of the stakeholders, stated Albert M. Berriz, Chief Executive Officer of McKinley.
January 23, 2013
ANN ARBOR, MI - McKinley has been appointed Receiver for the FX4 Babcock and Brown Portfolio consisting of 4,958 units in 20 properties located in Texas, Georgia and South Carolina. McKinley has a long and successful track record of resolving large complex portfolios similar to FX4.
"We are looking forward to serving the various constituencies in this most important transaction. We are uniquely qualified given our exceptional track record for resolving complex and large portfolios like FX4," said Albert M. Berriz, McKinley's CEO. "Given our recent experience with the 3,709 unit FX3 portfolio, we are confident we can make an immediate and significant impact," added Berriz.
The Receivership effort will be lead by Kenneth Polsinelli, Chief Real Estate Officer, and Royal Caswell, Chief Operating Officer. McKinley has extensive experience resolving assets in all of the FX4 markets, and has significant capacity to carry out the needed Receivership duties in this most complex transaction.
January 22, 2013
Check out the article on studenthousingbusiness.com about McKinley being selected to manage Varsity Place, a 484-unit rental community near the campus of the University of Texas - Tyler.
January 22, 2013
CEO Podcasts feature Ann Arbor SPARK's president and CEO, Paul Krutko, discussing business trends and the economy with private sector CEOs, elected and appointed public sector leaders and the executive leadership of key non-profit and academic institutions. Check out his great conversation with Albert M. Berriz the president, CEO, board member and co-owner of McKinley Inc. CLICK HERE
January 16, 2013
DALLAS, TEXAS - McKinley is pleased to announce that it has been engaged to manage Varsity Place, a 675 bed/484 unit rental community located near the campus of the University of Texas - Tyler on behalf of an institutional client. Varsity Place features a variety of amenities and is ideally located for UT students, medical center employees and the numerous surrounding employers.
"We are pleased to be able to apply our team's creative talents to this assignment and to generate value for all stakeholders" said Albert M. Berriz, McKinley's CEO. "Our Dallas-based team is excited for this opportunity and we continue to expand our efforts throughout Texas."
McKinley's Texas efforts lead by Trey Caswell, Chief Operating Officer, have been enormously successful. Caswell, a Texas native, and his Texas based team have created significant value for McKinley's institutional clients. "We are our proud of our value creation track record in the state of Texas" added Caswell. "We can move very quickly and add significant value for our clients from our leadership hubs in Houston and Dallas."
January 10, 2013
Ann Arbor, MI - McKinley is pleased to announce the successful disposition of Waters Edge Apartments in Jacksonville, Florida on behalf of our valued client.
Since the January 2011 takeover of this 404 unit apartment home community, McKinley's Residential Client Services team worked consistently to make significant improvements to the propertywhileincreasing occupancy and revenues. In addition, a major underground storm water project was completed.
We appreciated the opportunity to be involved in the repositioning of this asset on behalf of our valued stakeholders, states Albert M. Berriz, Chief Executive Officer of McKinley.
January 7, 2013
Check out the article on Bizjournal.com about McKinley being retained as the property and asset manager of 39 retail centers in 13 states.
January 6, 2013
ANN ARBOR, MI McKinley Commercial Client Services is pleased to announce that it has been retained as the property manager and asset manager for a portfolio of 39 retail centers in 13 states. The 4.25 million square foot portfolio consists primarily of suburban, grocery-anchored shopping centers in sizes ranging from 52,000 to 245,000 square feet while containing more than 430 tenants including several national grocery stores, Staples, The Home Depot, Dollar Tree, Lowes and Ross Stores. With this assignment, McKinley's Commercial Client Services division has grown by more than 10.5 million square feet in 2012 and now has a total commercial portfolio exceeding 21 million square feet.
"We are thrilled to be chosen to manage this portfolio," said Matthew Mason, Senior Vice President and Managing Director of Real Estate at McKinley. "The McKinley Commercial Client Services team was immediately on site to begin the process of enhancing and maximizing the value of these assets as we focus on overall operation and execution. We are very pleased to have this opportunity."
"Matt and his team have done another fantastic job in securing this assignment," commented Albert M. Berriz, CEO of McKinley. "Our Commercial Client Services team is truly the best in the business."
January 6, 2013
Check out the article about the 120-unit apartment complex in Michigan posted on Rejournals.com.