November 26, 2012
Read allabout McKinley's newest acquisition on Annarbor.com.
November 25, 2012
Ann Arbor, MIMcKinleyannounced today that they haveacquiredTraver Knoll Apartments, a 216 unit garden apartment community on the north side of Ann Arbor.With this acquisition,McKinley now owns more than 5,300 units in theregion, a dominant footprint in this vibrant market.
"Ann Arbor is the economic engine of theMidwest. It's a college, medical and research powerhouse that is fundamentally recession proof because of the 'jobs creator' thatthe University of Michigan has becomefor the region,"said Albert M. Berriz, CEO of McKinley. Berriz added..."We areextremelycommitted to Ann Arbor, the region is enjoying an influx ofGen Y graduates and new economy workforce workersseeking to live here based upon thearea'soverall economic health, entrepreneurial activity, access togreatarts and leisureas well asa quality of life that is second to none.As a matter of fact, the north side communities of Ann Arbor are the best performing communities in our entire Midwest US portfolioandthis acquisition willhelpfurther solidify our position in the marketplace."
McKinley continues to make strategic acquisitions throughout its 25 state platform for its own account and for its institutional clients and partners. In addition to Ann Arbor, the major focus of growth has been along the I-85 Corridor from Maryland to Georgia, the I-4 corridor from Tampa to Orlando, Texas and Nevada.
November 25, 2012
ANN ARBOR, MI McKinleys Commercial Client Services division has successfully disposed of another asset on behalf of our client. McKinley wasappointedmanager of West Acres, a95,089 squarefoot VG'sgroceryanchored retail center in Flint Township, Michigan on January 10, 2012. The Commercial Client Services team reduced expenses and increased NOI whilesimultaneously stabilizing the rent roll,enabling another successful disposition.
"We are very pleased to add another successful chapter to the McKinley Commercial Client Services track record, and are also pleased with the result on behalf of our important client." commented Matt Mason, Senior Vice President and Managing Director of Real Estate at McKinley.
November 13, 2012"I am proud of Alex and her accomplished history in the industry, states Berriz. With her many years of experience, energetic leadership style and tireless dedication, I know much will be accomplished during her tenure as Chair of the Board of the National Apartment Association."
Alex joined McKinley in May of this year, following a dozen years as President of Buckingham Realty in Indianapolis. She has a 35 plus year history in multi-family housing, and is known for her hard work, dedication and quick wit.
"Alex has an extraordinary ability to connect with people, states Albert M. Berriz. Secondly, she is an excellent mentor and educator, both in the classroom and in the office. Alex is also a risk taker, which creates opportunity. "Alex has already made some bold moves, Berriz says, "I appreciate her bold approach."
Jackiw, who earned her Masters of Education from Ohio University, was the 2008-2009 NAA Education Institute (NAAEI) President, chaired the 2011 NAA Education Conference Committee, and served as a member of NAAs Legislative, Strategic Compliance and Budget and Finance Committees. She has also served as a member of Indiana Apartment Association (IAA)s Executive Committee and Board of Directors.
"We congratulate Alex on her newest appointment with the National Apartment Association and wish her every success in her role as Chair of the Board," states Berriz.
October 24, 2012Ann Arbor, MI McKinley is pleased to announce that John Jachna has accepted the position of Director Asset Management, Residential Real Estate. Jachna is a seasoned real estate professional having spent the previous three years as an Asset Management Director working on high-risk loans with Freddie Mac, and before that, spending nine years as an Asset Manager with Waterton Associates. Jachna is a licensed Illinois real estate managing broker and also holds a Certified Property Manager (CPM) designation. Jachna will partner with Kristin Berg, VP & Managing Director Residential Real Estate at McKinley to expand McKinley's long term management and client services portfolio. "I am excited to have John Jachna join us at McKinley," said Kristin Berg. "His extensive background in asset management, coupled with his experience in dealing with distressed assets, makes him a perfect fit for the McKinley Residential Real Estate team. He makes a great addition and I look forward to working with him in the future." "John shares McKinley's focus on execution and operational excellence and will be a great asset as we expand our platform to continue to meet the needs of our clients and customers," concurred Albert M. Berriz, CEO of McKinley. "John is a highly respected and experienced real estate asset manager and with his addition to Kristin Berg's team, will allow McKinley to better serve our clients, as well as take our client service platform to a new level of excellence."
October 22, 2012
Ann Arbor, MI Alexandra Jackiw, managing director of McKinley's Residential Client Services, has been chosen to be one of four judges at the National Multi Housing Council's (NMHC) "Launch Pad" competition to be held during the upcoming Apartment Operations and Technology Conference & Exposition in Dallas. The competition, to be moderated by NMHC president Doug Bibby, will take place during the closing general session on November 14 at 1:30 pm. Based on the ABC Television's hit show "Shark Tank", the competition features four startup technology companies in the multifamily industry who will be judged by four apartment industry executives on their business plan, as well as overall viability in the marketplace.
Other judges include Terry Danner, President, Riverstone Residential Group; Bob DeWitt, Vice
Chairman, President & CEO, GID; and Julie Smith, President, Bozzuto Management
October 18, 2012
Ann Arbor, MI Albert M. Berriz, CEO of McKinley, will be speaking at Realshare Apartments 2012 on October 24 from 11:30 am - 12:30 pm at the Westin Bonaventure in Los Angeles, CA. The panel titled "Property Management in the Drivers Seat" will focus on business plan strategies for apartment owners and managers in 2013 as we come out of the downturn. Panelists will discuss upcoming budget plans, new technology implementation, increased resident services, property management performance benchmarks, as well as the current pipeline of new and inventory of existing apartment units.
Other speakers on the panel include moderator, Brad Cribbins, Chief Operating Officer at Alliance Residential; Rick Graf, President at the Pinnacle Family of Companies; Fritz Schindelbeck, Senior Vice President at Yardi; Christine Schoellhorn, Managing Director at Greystar; and Janine Steiner Jovanovic, President at Yieldstar.
October 17, 2012
ANN ARBOR, MI - McKinley is excited to announce the execution of a 5-year lease with theUniversityofMichigan (UM) for18,500 square feet at The Offices atLiberty Square in downtownAnn Arbor. The Institute for Human Adjustment,http://www.umiha.org/, is occupying the majority of the space for UM with a small amount of space being occupied by other UM departments. Previously, theUniversityofMichigans English Language Institute and then its IT Services group occupied the space. Other tenants inLiberty Squareinclude, Menlo Innovations,UniversityofMichigans Tech Arb, Grand Traverse Pie Company, Tomukun, Lab, FedEx Kinkos, NWP and Barre Bee Fit. Im excited to have UM join our marvelous client list. It is a great location in the heart of downtown and is convenient for students, clients, visitors and staff. stated Tom Gritter, Managing Director of Commercial Real Estate for McKinley.
"Tom has done a marvelous job with The Offices at Liberty Square and McKinley Towne Centre, stated Albert M. Berriz, CEO of McKinley. Our vision of making McKinley Towne Centre and now The Offices at Liberty Square the nexus of town and gown has come to life with Google, Ann Arbor SPARK, Menlo Innovations, Bodman, Tech-Arb, UM and the many others that have allowed us to bring Liberty, Washington and Division to life. We are very proud of what Tom has accomplished added Berriz".
October 16, 2012
Ann Arbor, MI McKinley is pleased to announce that it has been nominated as a finalist in the AnnArbor.com Business Review's 2012 Deals of the Year in the commercial real estate category. McKinley was nominated after leasing more than 55,000 square feet of office space at Ann Arbor's Northeast Corporate Center to Cole Taylor Mortgage. Under the leadership of mortgage banking industry veteran Willie Newman, Cole Taylor now has more than 200 full time employees, a move that has added upwards of 100 new jobs in Ann Arbor this past year.
It's a great honor for McKinley to be nominated for this award," said Albert M. Berriz, CEO of McKinley. "We also can't be more thrilled with the tremendous growth of Cole Taylor Mortgage. Willie Newman is a proven and experienced entrepreneur in the mortgage banking space, and I would expect nothing less from him and his company. I would also like to thank and acknowledge Lauren Dritz, Director, Commercial Portfolio Management at McKinley and her entire team for making this deal happen."
October 8, 2012
ANN ARBOR, MIMcKinley is pleased to announce it has been appointed by the Circuit Court for Wayne County, Michigan as the Receiver for LA Plaza, a 35,000 square foot retail center in Livonia, Michigan. LA Plaza is conveniently located on the south east corner of Plymouth Road and Levan across from the Ford Livonia Transmission plant. The unanchored neighborhood shopping center is approximately 60% occupied with tenants such as The Jewelry Factory, Quiznos Subs and Kitchen Design Center.
We appreciate the opportunity and look forward to being involved in the repositioning of LA Plaza," said Matt Mason, Senior Vice President and Managing Director of Real Estate at McKinley. "With the addition of LA Plaza, I am pleased to say that McKinley's Commercial Client Services now manages more than 3.5 million square feet of commercial space in the state of Michigan."