April 28, 2013
Check out the great article featured on annarbor.com about McKinley's idea to build affordable rental housing on a vacant 4.47-acre parcel on South State Street.
April 28, 2013
Check out the article featured on Annarbor.com about Ann Arbors first major planning study of the South State Street area in 22 years. The South State Street Corridor Plan is nearing completion and it will likely result in a new chapter added to the citys master plan.
April 22, 2013
HOLLAND, MI McKinley's Commercial Client Services is proud to announce the successful disposition of Lakeshore Medical, located in Holland, Michigan. Lakeshore Medical is a four-building medical office complex totaling 120,382 square feet. Since McKinleys takeover in March of 2012, life safety issues were addressed, roof replacements were completed and several leases were renewed with the anchor tenant, Holland Hospital.
I am very pleased with our teams results at Lakeshore Medical as well as the successful outcome on behalf of all stakeholders, stated Matthew D. Mason, SVP and Managing Director, Commercial Client Services.
April 18, 2013
ORLANDO, FLORIDA - McKinley announced today that Kenneth P. Polsinelli, its Chief Real Estate Officer, has been appointed Receiver for the Florida Empirian Portfolio. The portfolio consists of 21 assets and a total of 2,141 units located throughout Southern, Central and Northern Florida. "We are very excited to apply the resources of our Florida platform to this assignment," commented Polsinelli. "This is a complex assignment as the geography stretches from Southern Dade County up to the Panhandle. There are few organizations that can mobilize instantly to take over a distressed portfolio of this size with such a broad geography throughout the state of Florida," added Polsinelli.
Florida is McKinley's largest concentration of assets under management with over 12,000 multifamily units and a large retail and office portfolio located throughout the state. McKinley has been actively managing and investing in Florida since 1982, and it has over 500 marvelous team members on the ground throughout the state. "Ken has done an extraordinary job mobilizing quickly for this takeover with the support of Alex Jackiw and her Florida based leadership team," said Albert M. Berriz, CEO. "We will execute at a very high level for all of the stakeholders in this most complex real estate transaction and are committed to delivering superior results" added Berriz.
April 17, 2013ANN ARBOR, MI McKinley is pleased to announce the promotion of Julie Budge to Vice President, Residential Client Services. Since joining McKinley in 2011 as a Regional Director, Julie has been a driving force in the success of McKinleys expansion into Texas. Among other achievements, Ms. Budge has successfully built teams in new locations that reflect the companys core values. In her new role, Julie will report to Royal Caswell, Chief Operating Officer at McKinley.
Please join McKinley in congratulating Ms. Budge on this important and well deserved promotion.
I am both proud and pleased to announce this promotion, stated Mr. Caswell. Julies effectiveness has been tremendous and I look forward to working side by side with her as she undertakes this new role.
April 10, 2013
WASHINGTON, D.C. McKinley earned national recognition today by making the National Multi Housing Councils (NMHC) 2013 NMHC 50, the annual ranking of the nations largest apartment owners and managers. McKinley is the 38th largest apartment manager in the country, with 34,177 units in 25 states.
We are honored to be named once again to NMHCs Top 50 list of apartment owners and managers. We value the work of NMHC in our industry and are proud of our affiliation with the organization, shared Albert M. Berriz, Chief Executive Officer of McKinley.
March 31, 2013
Ann Arbor, MI McKinley announced today it has been appointed receiver for the Pennsylvania Empirian Portfolio, which includes the three apartment home communities of Northrup Court in Coraopolis, Valleyfield in Bridgeville and Sherbrook in Wexford. These three properties are comprised of a total of 261 units.
Northrup Court Apartments offers studio, one and two bedroom apartments. The community is located within minutes of the airport and the Beaver Valley expressway, as well as Robert Morris University. Valleyfield is a neighborhood apartment community offering one and two bedroom apartments located within 14 different buildings. Sherbrook Apartments in Wexford include single-story garden style apartments conveniently located in the North Hills of Pittsburgh.
Our Midwest team mobilized immediately to meet the needs of the residents said Kenneth P. Polsinelli, Chief Real Estate Officer. We have a great track record of performance, and we are excited to be more involved in the Pittsburgh community.
We look forward to continuing our success in Pennsylvania for all of the stakeholders in this transaction while at the same time delivering superior results, shared Albert M. Berriz, McKinley Chief Executive Officer.
March 25, 2013
Check out the great article featured on MLive.com about McKinley buying Fenton apartment complex.
March 14, 2013ANN ARBOR, MI McKinley is pleased to announce the promotion of David Rohlfs to Director, Commercial Real Estate. David joined McKinley two years ago and has achieved many successes during his tenure, managing Commercial properties in both Michigan and Indiana including McKinley Towne Center, McKinley Corporate Center and Huron Village Shopping Center which includes a Whole Foods, Panera and Barnes and Noble. In addition to his property management duties, David has excelled in assisting McKinleys financing team, leading to successful refinancings at multiple Commercial properties during his tenure. In his new role, David will report to Thomas Gritter, Vice President and Managing Director, Commercial Real Estate.
David is a graduate of the University of Michigan Ross School of Business, played four years on the University of Michigan Wolverines Hockey Team, as well as four years of professional hockey following his graduation. Please join McKinley in congratulating Mr. Rohlfs on this significant and well-deserved promotion.
March 10, 2013
Ann Arbor, MI McKinley announced today that it has been appointed as the property manager for Algonquin Commons in Algonquin, Illinois. The 565,000 square foot lifestyle center is one of the largest outdoor shopping centers in the state and is located approximately one hour northwest of Chicago. The property is comprised of a tenant mix of both national and regional brands including Dicks Sporting Goods, Old Navy, Gordmans and Trader Joes and is one of the largest lifestyle centers in the state.
"We are excited to once again lend our expertise to another project in the greater Chicagoland area, which will benefit the surrounding community," said Albert M. Berriz, Chief Executive Officer at McKinley. We previously had the opportunity to successfully reposition Charlestowne Mall, and we look forward to a similar result with Algonquin Commons, shared Berriz.
McKinleys Commercial Client Services was recently engaged to work out Green Oak Village Place, a similarly designed open air retail asset in Brighton, Michigan, and currently manages over 20 million square feet of commercial space.