June 4, 2014
EAST LANSING, MICHIGAN – McKinley is pleased to announce it has been retained as Asset Manager for Chandler Crossings located in East Lansing, MI, serving the Michigan State University campus. The community consists of three separate properties: The Village with 336 units/1068 beds, The Landings with 306 units/936 beds, and The Club with 210 units/768 beds making it one of the largest student housing communities in the country at 852 units/2,772 beds.
Chandler Crossings has a vast array of amenities for its student residents. The community includes numerous swimming pools, fitness areas, indoor basketball courts, an ice hockey rink, volleyball courts, business/study centers, tanning beds and much more. The property has also been upgrading units and amenities. The extensive renovation project will continue under a jointly managed site alongside Westpac Campus Communities located in Santa Barbara, CA. The total value of the renovations is expected to be in excess of nine million dollars.
“McKinley has a proven track record of operating properties in college towns that serve student populations and our asset management platform includes a team dedicated specifically to the specialized area of purpose-built student housing. We are pleased to be working with Westpac Campus Communities to offer advisory services in the areas of social media marketing, property and casualty insurance and property tax appeals. We look forward to putting our expertise to work at Chandler Crossings. Westpac has an outstanding property management team in place and this partnership will drive results,” stated Royal Caswell, Managing Director, Asset Management.
Founded in 1968 and headquartered in Ann Arbor, McKinley is a leading owner and manager of multifamily and commercial real estate. Currently ranked #38 in the NMHC Top 50 list of national apartment management companies, McKinley owns and manages more than 34,000 units and 21 million square feet of commercial throughout 34 states. McKinley specializes in solving complex real estate problems for its own portfolio, as well as a select clientele of institutional investors, private equity clients and special servicers. McKinley is on the Board of Directors of the National Multi Housing Council (NMHC) and is recognized by the Institute of Real Estate Management (IREM) as an Accredited Management Organization (AMO).
June 3, 2014
McKinley is proud to be named to the 2014 Crain's PRIVATE 200: Largest privately held companies in Southeast Michigan. Read More on www.crainsdetroit.com
May 30, 2014
Acquisition financing for McKinley often comes through Fannie Mae and Freddie Mac. But sometimes the company taps the Federal Housing Administration (FHA) despite the program's stringent requirements. Read More on MultifamilyExecutive.com
May 29, 2014
Ann Arbor, MI – McKinley’s Chief Executive Officer, Albert M. Berriz, was featured during the Ann Arbor SPARK Annual Meeting held recently at the University of Michigan North Campus Research Complex. The Annual Event, the largest in SPARK’s history, hosted 275 guests from the area’s top businesses, universities, government and research organizations and included presentations by Berriz, Doug Rothwell, CEO of Business Leaders for Michigan, as well as Nigel Francis, Senior Automotive Advisor to the State of Michigan.
As Chair of the Private Sector Campaign, Mr. Berriz and the Campaign Fundraising Committee have embarked on an effort to raise $1.6MM annually to continue SPARK’s important work to ensure its mission to continue to advance the economy and create jobs in the region. Since 2006, SPARK has accelerated business growth in the Ann Arbor area resulting in $1.5 Billion in new investment and 13,024 jobs.
“I invite everyone in our community; including businesses both large and small to join this ‘must do” fundraising campaign in support of the important work of Ann Arbor SPARK,” shared Berriz. “We are grateful to all who have generously supported the Campaign to date, which includes McKinley’s lead gift of $500,000 over ten years, however, there is still much more work to be done.”
Please visit Ann Arbor SPARK at http://www.annarborusa.org to learn more about Ann Arbor SPARK, the Campaign and its current list of supporters. You may also contact Donna L. Doleman, Senior Vice President, Operations and Communications, Ann Arbor SPARK at 734.821.0070 for more information regarding the campaign.
May 21, 2014
Please enjoy this video by Ann Arbor SPARK featuring McKinley's CEO, Albert M. Berriz.
Ann Arbor SPARK works with innovative businesses that move our economy forward -- driving industries -- segments of the economy that touch every aspect of our overall economic success. When these companies, from startups to global powerhouses, succeed, they make investments, create jobs and economic prosperity for our region. Learn how you can support Ann Arbor SPARK at http://www.annarborusa.org/about-us/support-spark
May 7, 2014
Please enjoy this breaking news link containing the 2014 NMHC Top 50 Managers List on Multifamilyexecutive.com. McKinley is honored to be ranked #38! Read More
May 6, 2014
SCOTTSDALE, ARIZONIA – McKinley Institutional Commercial Real Estate (ICRE) is pleased to announce the successful workout of Scottsdale Shea East, a 116,956 square foot retail asset in Scottsdale, Arizona. Since takeover on May 1, 2012, McKinley was able to increase occupancy by 9% and complete build outs of four new restaurants and two retailers significantly enhancing the center.
“This was a terrific opportunity for my team to demonstrate our value creation expertise,” stated Matthew D. Mason, Managing Director, Institutional Commercial Real Estate. “We were thrilled to have the opportunity to work out this asset on behalf of our important client, and are very pleased to announce this successful disposition on their behalf,” shared Mason.
May 6, 2014
CHANTILLY, VIRGINIA – McKinley Institutional Commercial Real Estate (ICRE) is pleased to announce that the Circuit Court of Fairfax County has appointed McKinley as Receiver for Lakeside II located in Chantilly, Virginia. The addition of Lakeside II increases McKinley’s commercial portfolio in Virginia to 1,363,000 square feet.
“The Institutional Commercial Real Estate team is pleased to have the opportunity to work out this asset on behalf of the Court, as we have a significant presence in the market and can leverage our platform in the region for a successful result,” stated Matthew D. Mason, Managing Director, Institutional Commercial Real Estate.
May 6, 2014
LIVONIA, MI – McKinley Institutional Commercial Real Estate (ICRE) is pleased to announce the successful workout of Victor Park West in Livonia, MI on behalf of its valued client. McKinley ICRE began management of this 80,595 square foot office building in 2011 and during its tenure increased occupancy by 8% and executed over $700,000 in lease renewals.
“We are pleased to add this successful workout to our track record in Michigan along with continuing our effectiveness in the region on behalf of our clients,” shared Matthew D. Mason, Managing Director, Institutional Commercial Real Estate. “We truly enjoy lending our expertise in a state we have successfully owned and operated in for over four decades.” stated Mason.
May 1, 2014
Please enjoy this breaking news link from Mlive.com about McKinley Towne Centre's newest addition, Tomukun Noodle Bar. READ MORE