News
February 8, 2012
COLUMBUS, OHIO McKinley is pleased to announce that it has commenced management at The Falls Apartments in Columbus, Ohio. The Falls Apartments consists of 133 units and is part of a larger institutional relationship for which McKinley has responsibility for property and asset management.
We are thrilled to expand our relationship with this assignment, and are eager to duplicate our success at 93east Apartments in Atlanta at this beautiful community as well. McKinleys successful track record of adding value for owners through increased occupancy, collections and rental rates along with exceptional property andasset management makes us ideally suited for this opportunity, and we look forward to enriching the quality of life for the residents living at The Falls, states Kenneth P. Polsinelli, Chief Real Estate Officer.
McKinley has a major presence in Columbus and throughout Ohio with both residential and commercial assets. "We have been in Ohio since 1989," said Polsinelli "and Ohio is a major component of our Midwestern platform. We can execute quickly and effectively throughout the entire state creating value for ourselves and select clientele." In addition to numerous residential and commercial client assets throughout Ohio, McKinley owns and operates Akron Centre Plaza and First Energy Plaza, twin office towers in Downtown Akron with 600,000 SF of leasable space.
February 6, 2012
Read this great article featuring McKinley's philosophy on condo conversion.
http://mydigimag.rrd.com/publication/?i=97696&pjs=1&&pn=&ver=swf&p=31
February 1, 2012
Read this great article about McKinley Executivesbeing elected to the NMHC Board of Directors!
February 1, 2012
ORLANDO, FLORIDA McKinleys Residential Client Services is pleased to announce the successful disposition of Oak Cluster in Orlando, FL. McKinley began managing this 44 unit multi-family complex in April of 2011. During their time at the property, the McKinley team successfully improved the quality of life for their residents while increasing occupancy by 27%.
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.
For more information on McKinley, please contact Kenneth P. Polsinelli at 734-769-8520 x 230 or kpolsinelli@mckinley.com.
January 30, 2012
ANN ARBOR, MICHIGAN - What started as a quite successful new venture with over 115 new jobs moving to the Ann Arbor area, has already grown to over 130 staff members and 30 open positions in a very short span of time.
As announced in November, Cole Taylor Bank's mortgage division led by Willie Newman, successful local entrepreneur, opened its operation in 28,000 square feet of space in the Northeast Corporate Center at 2350 Green Road in Ann Arbor. A recent announcement (attached) from Taylor Capital and Cole Taylor Mortgage indicates their mortgage banking revenue grew 42.9% during 2011.
"We are thrilled and excited with our progress in Ann Arbor and the jobs we are creating locally," said Willie Newman in a meeting between Newman and McKinley's CEO Albert M. Berriz.
Berriz commented, "Willie is a proven player and a close friend, and it was very important to him that the jobs he would be creating would benefit his home town. It's amazing to see what Willie has done in such a short period of time."
Cole Taylor is actively seeking 30 new team members at its Ann Arbor headquarters at this time. Please visit www.coletaylormortgage.com/about, and then click on the link under Join Our Team.
For more information regarding Cole Taylor Mortgage please contact Willie Newman at (734) 926-2400. For more information about McKinley please contact Albert M. Berriz at (734) 769-8520 ext.265.
January 30, 2012
Read a great article about the path back to rentals in a condo conversion.
January 29, 2012
Click on the link below to read a great article about the NMHC Panel!
January 26, 2012
NOVI, MICHIGAN Matthew D. Mason, ESQ., Senior VP & Managing Director of McKinley, will be speaking Thursday, February 9, 2012 at the ICSC 2012 Michigan Continuing Education Program for Real Estate professionals held at the Suburban Collection Showplace in Novi, MI. This session will explore ways to design a program to market and even reposition properties. It will also discuss the legal and administrative pitfalls to be aware of before designing the program, such as use restrictions, exclusives, site plan amendment, rezoning and a tenants contingent liability.
Speakers on the panel also include moderator Robert A. Labelle, ESQ, Thomas W. Litzler and Jim Meinershagen. The panel will take place from 1:15 pm until 2:05pm.
January 26, 2012
LAS VEGAS, NEVADAMcKinley continues its expansion into the Las Vegas market with the management takeover ofLas Palmas Apartment Homes in Las Vegas, Nevada. This 391 unit community isconvenientlylocated just one block off the Las Vegas Strip."We like the distressed deal flow opportunities we are seeing in the Las Vegas market, and we are actively exploring several additional deals at this time" said Kenneth P. Polsinelli, Chief Real Estate Officer. "We like the long term characteristics of this market, and now begins a solid entry point in our opinion".
McKinley has established a major leadership hub in Houston out of which they are managing their western portfolio including commercial and residential assets located in Houston, Dallas, Phoenix and Las Vegas. McKinley's main leadership hubs are located in Orlando, Houston and Ann Arbor out of which they run their 25 state platform.
We appreciatethe opportunity to be involved in the repositioning of this asset on behalf of our valued stakeholders and we look forward to our continued expansion in the Las Vegas market" states Albert M. Berriz,Chief Executive Officer of McKinley.
January 24, 2012
ANN ARBOR, MI McKinley is pleased to welcome its newest team member, Clay Thomas, as Director of Commercial Portfolio Management with Commercial Client Services. As Director of Commercial Portfolio Management, Clay will oversee the workouts and management of third-party real estate assets, which include distressed assets in multiple jurisdictions throughout the country. Clays duties include relationship management, commercial portfolio management and redevelopment, lease negotiation, and acquisition and disposition. Prior to joining McKinley, Clay practiced real estate and construction law for two of Southeast Michigans leading law firms. He is a graduate of the University of Michigan where he studied Classical Studies ('97, B.A.) and Law (00, J.D.). He is a member of the State Bar of Michigan and on the council of the Real Property Law Section of the State Bar of Michigan.
Clays responsibilities will include the workout of challenging client assignments and complementing Lauren Dritz in the leadership of the team.Clays arrival at McKinley will position Commercial Client Services for continued growth in both geography and portfolio size.
Im excited about joining a successful Commercial Client Services Team and look forward to helping it continue to grow and succeed, stated Clay Thomas, Director of Commercial Portfolio Management.