McKinney Capital & Advisory, founded by long-time Sage Executive Group member Damian McKinney, has been acquired by commercial real estate services firm Avison Young of Toronto.
The purchase represents Avison Young’s first acquisition in San Diego and expands the company’s full-service platform across Southern California.
Founded in 2010, McKinney Capital & Advisory is one of San Diego’s best-known real estate brokerage and property management firms. Since its inception, the company has represented a variety of local, national and international organizations, ranging from entrepreneurs to Fortune 500 firms.
McKinney Capital & Advisory, founded by long-time Sage Executive Group member Damian McKinney, has been acquired by commercial real estate services firm Avison Young of Toronto.
The company is rebranded as Avison Young, and McKinney becomes a Principal of Avison Young and Managing Director of the company’s San Diego office, according to an Oct. 7 news release from Avison Young .
“The opportunity to join a privately held, principal-led company that offers local decision-making autonomy – versus a publicly traded firm with many decision-making layers – was a key motivation in our decision to join Avison Young,” says McKinney. “Avison Young’s resources and international capabilities will allow us to grow our business and serve our clients more effectively and with a greater reach in the industry. Essentially, we keep the same collaborative family and servant-leadership culture and local independence, but have access to a plethora of resources spanning not just Southern California, but the rest of the U.S. and the globe.”
Mark E. Rose, Chair and CEO of Avison Young, said: “We’re thrilled that Damian and his highly regarded team have chosen to join the Avison Young family in our rapidly growing San Diego market. Damian is well-respected in the Southern California and national real estate communities, and this team brings to Avison Young and to our clients a robust and best-in-class platform. Our depth in the market has just significantly increased.”
Avison Young entered the San Diego market in 2013 through the opening of a newly formed office. The McKinney team members will relocate to Avison Young’s existing San Diego office at 4655 Executive Drive. Avison Young has six offices throughout Southern California.
Terms of the acquisition were not disclosed.
