November 25, 2013
ANN ARBOR, MI - In a major show of support for Ann Arbor SPARK,Ann Arbors engine for economic development, McKinley announced a major gift commitment of $500,000 over ten years to the organization. SPARK is an organization dedicated to the economic prosperity of the greater Ann Arbor region. Utilizing its skills and knowledge to attract, develop, strengthen, and invest in driving industries to help the Ann Arbor region thrive, SPARK plays a significant role in advancing the economy in the region. The 10 year gift has a value in excess of $500,000 and is one of the single largest gifts from a private corporation in the history of SPARK.
"We are excited to publicly announce a 10 year commitment to provide SPARK with a significant gift of support allowing them to operate in Class A office space right in the heart of Ann Arbor's technology and innovation corridor," stated Albert M. Berriz McKinley's CEO. "Ann Arbor is our home town, our kids grew up here, our business thrives here, and we are committed to growing GDP and jobs in the region. We believe there is no better way to do this than via SPARK. They are a world class organization, and a best in class economic driver for the region," added Berriz.
The Bank of Ann Arbor has been involved with SPARK since its formation as a founding contributor and annually since, said Tim Marshall, President, Bank of Ann Arbor, and board chair, Ann Arbor SPARK. It is a collaborative effort together with the private sector, local municipalities, and our major universities and community college all contributing time and resources to promote SPARKs many successes, and we are grateful to McKinley for their tremendous support, shared Marshall. The growth in jobs via startup support, attraction efforts, and assisting with expansion of existing companies would not have been possible without SPARK. The team is exceptional and we are fortunate to have such a strong and experienced group of professionals assisting our region in economic development, added Marshall.
"Ann Arbor SPARKs mission is to support growing businesses, and to attract companies and investment, said Paul Krutko, Ann Arbor SPARK president and CEO. A strong economy is ripe with jobs and investments, and Ann Arbor SPARK is committed to driving that economic growth here in our region. A public-private partnership is the backbone of Ann Arbor SPARKs work; McKinley's support of Ann Arbor SPARK recognizes the important role that the private sector, especially leading businesses, plays in growing our economy.
McKinley has been a major partner and investor with SPARK since its inception and this gift demonstrates McKinleys major commitment to the long term sustainability and viability of the organization.
November 21, 2013
Read about McKinley's proposed affordable housing apartment community on a vacant property on South State St. in Ann Arbor, MI featured on mlive.com.
November 14, 2013
Ann Arbor, MI The McKinley Family extends congratulations to its own Alexandra Jackiw, Managing Director, Institutional Real Estate on the National Apartment Associations creation of a scholarship in her honor which has been named The Alexandra Jackiw Leadership Scholarship.
The scholarship was created to honor Alex and her commitment to industry education and will be awarded annually to mid-levelmanagers to enable recipients the opportunity to learn additional skills to successfully become leaders in the industry. The scholarship program is open to minority apartment industry employees with the goal of increasing the number of minority industry leaders to reflect an increasingly diverse society.
Ms. Jackiws many years of dedication to both the National Apartment Association (NAA) and the National Apartment Association Education Institute (NAAEI) was a springboard for the creation of the scholarship. Jackiw served as 2013 Chairman of the Board of the NAA and was president of NAAEI from 2008-2009.
We are proud to have Alex as an important member of the McKinley family, stated Albert M. Berriz, McKinley Chief Executive Officer. We recognize and congratulate her on many years of service to both the industry and to education, which has culminated in the creation of this significant scholarship in her name, a well-deserved tribute to her efforts, added Berriz.
November 11, 2013
Ann Arbor, MI McKinley Chief Executive Officer, Albert M. Berriz was named by Real Estate Forum magazine to its top Midwest Real Estate ICONS list in the most recent edition. The Real Estate ICONS honorees were selected for their contributions in commercial real estate throughout Middle America and nationally. The impressive list of top Real Estate ICONS includes investors, developers and operators in commercial real estate.
I am honored to receive this recognition and to be included with this important group of honorees, states Mr. Berriz. We are proud of all that McKinley has accomplished during our 45 year track record, both in the Midwest and nationally, shared Berriz.
To review the full list of honorees please visit:
November 6, 2013Orlando, Florida McKinley acquires Bella Capri, a 248 unit garden apartment community formerly known as Mission Pointe Apartments located in Orlando, Florida. Bella Capri joins eleven garden apartment communities in the theme park sub-market including eight McKinley "Owned and Managed" communities, and three communities operated by our Institutional Residential Real Estate team for what is the single largest assembly of multifamily owned and managed real estate between Disney and Universal Studios in Southwest Orlando. McKinley has been actively investing in the Southwest Orlando market since 1982, and today is one of the single largest owner-operators of multifamily real estate in Central Florida.
McKinley continues to expand its dominant footprint along the Interstate-4 Corridor to Tampa and the Interstate-75 Corridor to Gainesville along transportation triangle between Orlando, Tampa and Gainesville. Central Florida now joins Metropolitan Ann Arbor as McKinleys largest multifamily concentration, and McKinley anticipates this expansion to continue in Central Florida and at some point exceed its market position in Ann Arbor, Michigan.
Bella Capri has one, two and three bedroom apartment homes located just two blocks from The Mall at Millenia, an ultra-luxury indoor mall which includes world class retailers such as Apple, Neiman Marcus, Chanel, Yves Saint Laurent, Macy's, lululemon athletica and Bloomingdales. A few blocks to the west of Bella Capri is Universal Studios Orlando which includes Universal Islands of Adventure and the Wizarding World of Harry Potter, plus the latest Transformers 3-D Experience.
We have invested in Orlando with conviction for the past 30 years and will continue to do so for the next 30 years and beyond, states Albert M. Berriz, Chief Executive Officer. Mr. Berriz went on to say, These are generational assets operated by an extraordinary and experienced management team that is executing at the highest level which further adds to our conviction.
Comerica Commercial Real Estate is providing the acquisition financing for this transaction and Berkadia Commercial Mortgage is providing HUD long-term financing. Comerica and Berkadia are terrific financial partners and they are key to our strategic acquisition efforts, added Berriz.