Below is a brief summary of the leading commercial real estate news articles for the Cincinnati region from December 16 – January 9, 2016. Sign up here to have these informative summaries sent directly to your inbox on a biweekly basis. December 16, 2016 Price dropped on former Longworth’s building in Mount Adams The price for the site is down 31 percent from its original asking price of $2.9M, making the current price $1,995,000. The current tenant in the 8,100-square-foot building is Charred Oak, a restaurant and bar. The owner stated that there are three groups interested in purchasing the property, including the current tenant, Charred Oak. December 20, 2016 Gerner & Kearns Co. L.P.A. purchased former Bank of Kentucky HQ The northern Kentucky law firm purchased the 25,200-square-foot office building for $1,350,000. The firm plans to spend nearly $900,000 on a full renovation of the site. December 23, 2016 Architects Plus gets incentives for move to Cincinnati’s urban core The Cincinnati City Council approved a job creation tax credit with Architects Plus to create at least 20 new jobs at 1100 Sycamore St. in Pendleton over the next three years. The city will give the company $7,350 in earnings tax credits (more)
Transforming a Condo Development into a Boutique Hotel With its candy-colored antebellum houses, award-winning restaurants, world-class golf courses and spectacular coastal views, the port city of Charleston, South Carolina frequently earns top billing for the best city to visit in America. So when Jeffrey R. Anderson Real Estate Inc. bought an unfinished condominium development, the organization knew it wanted to transform the property into a four-star hotel catering to visitors to one of Charleston’s prominent tourist districts. To aid in the transformation, the organization tapped Miller-Valentine Group. The result? The Restoration Hotel features three mixed-use buildings that house 54 beautifully furnished guest rooms, a library, rooftop restaurant and bar, coffee shop, spa, and retail shop. Four Things to Look for in a Construction Project Contractor The Restoration Hotel offers studio and signature style suites designed with a city-style living experience in mind complete with a full kitchenette. In addition, one bedroom, and two bedroom suites, ranging from 800 to 1,600 square feet, offer a condo-style living experience ideal for extended stays, providing a full kitchen, sitting area, and choice of a private balcony. A 2,500 square feet rooftop penthouse also features a condo-style living experience with a full kitchen, full (more)
Lincoln Park Manor, a Miller-Valentine Group Skilled Nursing and Rehabilitation Facility, has just been named as one of the best nursing homes in the nation by the U.S. News and World Report, a leading expert in the evaluation and rating of health care providers across the country. U.S. News awarded the “Best Nursing Home” designation to those facilities that earned an average rating of 4.5 stars or better during twelve months of federal reports from the Centers for Medicare & Medicaid Services; this is one of the top indicators of excellence in health inspections, clinical staffing, and quality of care. Brenda Wirrig, Executive Director of Lincoln Mark Manor, is proud of the designation and is honored with the overall 5-star rating. Wirrig states, “We are flattered to receive this level of recognition. We understand the importance of having an amazing, caring team of staff members who play a key role towards earning this designation.” Lincoln Park Manor has served residents and their families for over 27 years and has become a trusted neighbor within the city of Kettering and surrounding areas. To schedule a tour of Lincoln Park Manor, located at 694 Isaac Prugh Way in Kettering, OH, please contact (more)
Below is a brief summary of the leading commercial real estate news articles for the Dayton region from December 16 – January 1, 2017. Sign up here to have these informative summaries sent directly to your inbox on a biweekly basis. December 16, 2016 Hotel Developer purchased land in Huber Heights Laxmi Hospitality LLC bought the land at 8425 Brandt Pike for $265,000. The site sits just north of the I-70 and Route 201 interchange, near the $100 million Shoppes at The Heights retail and office project. December 21, 2016 New Hilton brand hotel planned for Huber Heights Image Hotel Management, an affiliate of Laxmi Hospitality LLC, is planning to develop a Tru by Hilton, a new mid-scale Hilton brand hotel, between Rose Music Center and Meijer. Construction for the four-story 98 room hotel is expected to begin around April or May. December 22, 2016 Dayton salon and gift shop to both expand Agnes & Orson and Goods, a gift shop near the University of Dayton, is relocating from Brown Street to The Cannery, making room for its upstairs neighbor, Square One Salon and Spa, to also expand. The salon will expand into the 1,200 square foot downstairs and potentially (more)
Miller-Valentine Group is proud to announce the development of their newest apartment home community, Jasper Lofts, located at 402 East 13th Street, at the site of the former JOFCO headquarters. Jasper Lofts is now accepting applications, and plans to open its doors in June 2017. This beautiful, brand new community of one, two, three and four bedroom apartment homes will serve families who desire high-quality, affordable rental housing. In this pet friendly community, future residents will enjoy spacious floor plans with amenities you would expect to find in an upscale home, at an affordable price: a fully-equipped gourmet kitchen with brand new energy-efficient appliances and a breakfast bar/island, exceptional closet space, central air conditioning, a laundry room which includes a full-size washer and dryer, and plenty of extra storage. Jasper Lofts will offer several other amenities which separate them from their local competition; a large first floor lounge area where community meetings and resident events will be held; an indoor playground; a business center, media room, and fitness center; as well as outdoor amenities including a picnic area and an additional playground where residents can enjoy the companionship of friends and family. Unlike other apartment communities, Jasper Lofts has a (more)
One Lincoln Park, Dayton’s Premier Retirement Community, is proud to announce that they have been selected as one of the 2017 Best of Senior Living Award Winners on SeniorAdvisor.com, the largest ratings and reviews site for senior care and services in North America. SeniorAdvisor.com’s Best of 2017 Award winners represent the best of the best of in-home care, assisted living, and other senior living providers, based on the online reviews written by seniors and their families. This exclusive designation honors the top one percent of senior care providers across the country. The annual SeniorAdvisor.com Best of Awards tabulates over 130,000 family created reviews to find the best quality care providers for this honor. Of the nearly 200,000 communities currently listed on SeniorAdvisor.com, just over 1,400 were recognized with this prestigious award. To qualify for inclusion in the Best of 2017 Awards, providers must have maintained an average overall rating of at least 4.5 stars. One Lincoln Park is one of the only winners in Kettering, Ohio, and regularly receives highly positive reviews from their families like these: “We have had a great experience at One Lincoln Park, especially working with Kim. She has been a life saver and such a (more)
Miller-Valentine Group Associates once again stepped up to help make Christmas happy for children in Dayton and Cincinnati. Each office location held a toy drive with proceeds donated to the Cincinnati Children’s Hospital and the McKinney-Vento Homeless Education Program in Dayton. Over $1,000.00 in gift cards and cash donations were collected, as well as a variety of toys and electronics to put a smile on the faces of the youngest children to the oldest teenagers. Gift cards were collected for a number of retail stores including Amazon, Target, and Best Buy. Toy donations included Barbie Dolls, coloring books, Hot Wheels, stuffed animals, and craft items for the younger children, as well as MP3 players, perfume/cologne, hair dryers and board games for the older children. The donations were turned over to representatives of Cincinnati Children’s Hospital and Dayton Public Schools for distribution during holiday parties throughout the week. This annual toy drive was held by the Helping Hands committee, a group established to provide opportunities for Miller-Valentine Associates to engage in community service.
London Computer Systems (LCS), developer of Rent Manager® property management software and other business-critical technologies, recently moved into their new office building, located within WaterStone Business Park in Deerfield Township. LCS, which has more than tripled in size since 2008, now occupies a three-story, 78,000-square-foot building, situated on a wooded, 15-acre site overlooking I-71. The new headquarters brings together the fast-growing LCS team under one roof again—in a high-tech office environment that reflects the company’s product in a building equipped with energy-efficient features designed specifically for the demands of this space. The Class A office building is a striking architectural design featuring exterior balconies, stonework, large overhangs, glass elevations and high ceilings that will bring in natural light. Inside, the large, open office floor plan incorporates upscale lighting features, paneled ceilings, interior glass and polished concrete floors. When designing the building, LCS set out to create a modern atmosphere that makes an impression as soon as you step through the front door. To help accomplish this, details were incorporated including a nine-monitor, high-definition video display in the lobby that welcomes guests to the facility and shares current company news and updates. Numerous other features—including the three-story open atrium, dedicated Huddle and (more)
Miller-Valentine Group, St. Mary Development Corporation and METEC are excited to offer a look into their newest apartment community, Morton Estates, which was built exclusively for adults 55 and over. The Open House will be held on Wednesday, December 14, 2016 from 9:00am – 2:00pm at Morton Estates located at 935 East Jefferson Street, Morton, Illinois 61550. Guests will have the opportunity to tour the former “Restmor Nursing Home” which has been transformed into 61 one and two bedroom apartment homes designed to serve adults 55 and over who desire high-quality affordable rental housing. This pet-friendly maintenance-free community features amenities you would expect to find in a luxury community at an affordable price: a fully-equipped gourmet kitchen, brand new energy-efficient appliances, exceptional closet space, oversized bathroom, central air conditioning, and a laundry room which includes a full-size washer and dryer. Morton Estates features several other amenities which separate them from their local competition; a fitness center, media room, business center, and a large multi-purpose community room with a kitchen and dining area allowing residents to enjoy the companionship of family and friends. Guests will be able to take advantage of our current move-in special; receive 2 months RENT-FREE when you sign (more)
Below is a brief summary of the leading commercial real estate news articles for the Cincinnati region from October 7 – 17, 2016. Sign up here to have these informative summaries sent directly to your inbox on a biweekly basis. November 16, 2016 Group of investors purchased Rookwood Tower in Norwood for $29.3M The class A office building is located at 3805 Edwards Road. The seven-story tower is currently 98 percent occupied with tenants including Health Carousel, Northwestern Mutual, Fidelity and Interact for Health. Dixie Apartments in Florence sells for $2.45M The 72-unit apartment complex, located at 7832 Riehl Drive, includes one and two-bedroom units. The buyer’s future plans for the property include improving and updating the site. November 17, 2016 Zablong Peculiar Pizza coming to downtown Cincinnati The new fast-casual pizza restaurant, Zablong Peculiar Pizza, signed a long-term lease for 2,800 square feet of space at Fountain Square. Zablong will carry its signature pizzas, salads, and a selection of beer. The Cincinnati location plans to hire between 20 and 30 part and full-time employees. November 18, 2016 Ackermann Group purchased two Florence apartment communities Ackermann Group purchased Windridge Townhomes for about $13.1M and Vineyard Apartments for $15.6M. Vineyard Apartments, (more)
In its Emerging Trends in Real Estate report for 2017, the Urban Land Institute points to a “de-emphasis on ownership reflected in a soaring demand for rental units,” with the Millennial and Boomer/Empty Nester cohorts leading the way. According to the study, “more than half of the 12.5 million net new households created in the next decade will rent, including those who have never owned and those making the switch from owning to renting as they age.” What is driving the Millennials and Boomer/Empty Nesters into the high-end luxury apartment rental market? With roughly 10,000 exiting the workforce each day between now and the end of the next decade, Baby Boomers are retiring at the highest rate in history. They are shedding their homes and renting by choice—“Altering the American Dream,” says the Chicago Tribune, explaining, “(Boomers) are aspiring to live like urban Millennials—in rental buildings full of amenities and free of lawn mowing, shoveling, mortgages and property taxes.” Newer to the housing market are Millennials, the 18- to 34-year-olds who have surpassed Baby Boomers as the nation’s largest living generation. While, in the 1980s and 90s, this segment considered rental a short-term option before purchasing a house, today’s Millennials (more)
We are pleased to announce the development of our newest apartment home community, Reserve at Engel Road, located in New Braunfels, Texas. Reserve at Engel Road is now accepting applications and plans to open its doors in April 2017. This new community of one, two and three bedroom apartment homes will serve families who desire high-quality, affordable rental housing. In this pet friendly community, future residents will enjoy spacious floor plans with amenities you would expect to find in an upscale home, at an affordable price: a fully-equipped gourmet kitchen with brand new energy-efficient appliances, exceptional closet space, central air conditioning, and a laundry room which includes full-size washer/dryer connections and extra storage. Reserve at Engel Road will offer several other amenities which separate them from their local competition; a community clubhouse which includes a business center, media room, and fitness center; as well as outdoor amenities including a swimming pool and playground where residents can enjoy the companionship of friends and family. Brian McGeady, Partner & President of Miller-Valentine Affordable Housing Development, said that the company is excited to help the economy and bring its dedicated expertise in high quality, affordable housing to the area. McGeady explained, “Reserve at Engel (more)
On November 10, Associates of Miller-Valentine Group donated their time to the Ronald McDonald House of Greater Cincinnati to serve families in need. Jennifer Colegate, Debbie Engle, Megan Hummer, Bill Langland, Fred Moriarty, Mike Napier, Thalia Rhodes, Darlene Smith and Milena Urc prepared and served grilled Reuben sandwiches and Nathan hotdogs to the children and families currently residing at the Cincinnati facility. Approximately 78 families and 30 staff and volunteers were served 100 hotdogs and 150 sandwiches prepared by Associates of the Commercial and Multifamily Construction Accounting Departments. In the words of a guest family: “As always, we loved the delicious, healthy dining! Each meal is made with the love and care of the volunteers and chefs. You are the best!” Ronald McDonald House Charities of Greater Cincinnati provides a “home away from home” for families and their children seeking medical treatment at Cincinnati Children’s Hospital Medical Center or other area hospitals. Click here to volunteer to serve a meal Click here for more information about Ronald McDonald House Charities of Greater Cincinnati
Miller-Valentine Group announced today that it has earned the 2017 Military Friendly® Employer designation by Victory Media, publisher of G.I. Jobs®, STEM Jobs SM, and Military Spouse. First published in 2003, Military Friendly® Employers is the most comprehensive, powerful resource for veterans today. Each year, the list of Military Friendly® Employers is provided to service members and their families, helping them discover the best post-military career opportunities available. Miller-Valentine Group has received this award every year since 2013, and currently employs 69 Associates who have served in the military, through direct service or as a military spouse. “Companies that have earned the 2017 Military Friendly® Employer designation have exceptionally strong hiring programs and meaningful jobs for transitioning service members, veterans, and spouses,” said Daniel Nichols, a Navy Reserve veteran and Chief Product Officer at Victory Media. “Our Military Friendly® Employers have moved beyond answering ‘why hire military?’ They are truly aligning their jobs and recruiting efforts with Military Friendly® Schools to translate military competencies into civilian careers.” Miller-Valentine Group is committed to hiring military talent, knowing first-hand that recruiting from the military community can lead to a strategic competitive advantage. According to Bill Krul, CEO, “Veterans are well versed in achieving (more)
Miller-Valentine Group is proud to announce that Water Tower Park Senior Village, a new apartment community exclusively for adults 55 and over, located in Gray, Georgia, is now open. Conveniently located at 140 Senior Center Way, near the Jones County Senior Center, Water Tower Park Senior Village gives residents easy access to a variety of services, health care, shopping, restaurants, entertainment, and city parks. Brian McGeady, Partner & President of Miller-Valentine Affordable Housing Development, says “after being in business for over 50 years, Miller-Valentine Group continues to be honored to bring high-quality affordable housing to those who need it most. It is our privilege to enhance the quality of living and give our residents peace of mind while living at Water Tower Park Senior Village.” This pet-friendly, maintenance-free community of 72 one and two bedroom apartment homes features modern amenities at an affordable price: a fully-equipped gourmet kitchen, brand new energy-efficient appliances, exceptional closet space, private patio, oversized bathroom, central air conditioning, and a laundry room which includes a full-size washer and dryer. Creating an active lifestyle for its residents, the community will include a large multipurpose room, fitness center, media lounge, and business center. The community grounds will include (more)
Miller-Valentine Group is proud to announce the development of their newest apartment home community, Whitehouse Square Townhomes, located at 10405 Washington Street in Whitehouse, Ohio. Whitehouse Square Townhomes is now accepting applications and plans to open its doors in February 2017. This beautiful, brand new community of two, three and four bedroom townhomes will serve families who desire high-quality, affordable rental housing. In this pet friendly community, future residents will enjoy spacious floor plans with amenities you would expect to find in a luxury home, at affordable rental rates: an attached garage, a fully-equipped gourmet kitchen with brand new energy-efficient appliances, private patio, exceptional closet space, central air conditioning, and a laundry room that includes a full-size washer and dryer! Whitehouse Square Townhomes will offer several other amenities which separate them from their local competition; a clubhouse with a business center, media room, and fitness center; as well as a playground and dog park allowing residents to enjoy the weather and companionship of friends and family. Unlike other apartment communities, Whitehouse Square Townhomes has a personal attention, exceptional move-in, and maintenance response commitment that are made to every resident. The professional onsite management team and 24-hour emergency maintenance service are just (more)
According to McKinsey business consultants, 70 percent of buying experiences are based on how a client feels they are being treated. Valuing what your clients need from you is the number one driver to successfully building repeat business. Only factoring in the metrics of client loyalty from your company’s side of the equation is like taking a snapshot of what is directly in front of you. Instead, identifying “what does my client need” will provide a panoramic view that opens the door to ongoing win-win business relationships. Longtime clients return expecting the same positive experience with every project. They benefit from working with companies with proven track records—companies who know and understand them and can jump right in. There is peace of mind when using a repeat source for any product or service. Searching out, vetting, and checking recommendations for new sources takes time and money. And, even the most comprehensive research can yield an incompatible relationship when selecting a new provider. There is no price that can be associated with “repeat business”… often it’s a win-win for all involved. How do you deliver successful relationship-driven execution of clients’ facilities? ⇒ Listen—collaborate, don’t dictate: To design and deliver on target with (more)
Congratulations to Josh Yeary on his promotion to Senior Project Manager in Commercial Construction. Josh began his career with Miller-Valentine in April of 2004 as an Assistant Project Manager, after graduating from the University of Cincinnati. Josh worked on many projects, quickly gaining experience and our client’s trust and confidence. Some of his earlier projects include Heidelberg Toledo, Seligman Distributing, Ohio Valley Wine, PAC Worldwide, Woodford Equine Hospital and multiple projects for Tenneco. Josh was promoted to Project Manager in October of 2007. Over the years he’s expanded his experience and skills on a variety of projects that include Huhtamaki Renovation, Burlington Baptist Church Addition/Renovation, Indian Hill Church Addition/Renovation, and Fuyao (multiple additions/projects and construction management) including Clean Rooms. Currently, he is working on Clarity Pointe Memory Care Facility and tenant improvement for St. Elizabeth Physicians. Josh is the type of Associate who truly Makes a Different for Miller-Valentine Group and our Clients!
Below is a brief summary of the leading commercial real estate news articles for the Cincinnati region from October 7 – 17, 2016. Sign up here to have these informative summaries sent directly to your inbox on a biweekly basis. October 7, 2016 Out-of-town buyer to purchase Rookwood Commons and Rookwood Pavilion An affiliate of Hines Interest LP is under contract to purchase the properties for $190M. Rookwood Pavilion consists of more than 259,800 square feet and is currently 97.8 percent occupied. Rookwood Commons consists of more than 340,200 square feet of space and is currently 96.6 percent occupied. October 10, 2016 DCT Industrial buys Procter & Gamble Co.’s Imflux Inc. subsidiary DCT, an out-of-town real estate company, purchased the building at 3550 Symmes Road in the city of Hamilton for $109.8M. The 301,000-square-foot facility is 60 percent occupied. October 11, 2016 Developer at Liberty Center plans additional hotels and apartments The developer of Liberty Center in Butler County is actively planning to add one or two additional hotels and as many as 60 more apartments as well as more street-level retail space where it makes sense. Apartment leasing for the existing 240 apartments has been about 10 percent to (more)
Miller-Valentine Group and Jeffrey R. Anderson Real Estate have received approval from the Silverton Village Council to develop 10.6 acres of land along Montgomery Road and Stewart Road. This mixed-use development will be comprised of a combination of residential and commercial elements, to include: Luxury Residential Community: 202 units consisting of 1 four-story, elevator served building and 3-story townhomes with flats; amenities to include a 5,000 SF clubhouse with a cyber café, professionally designed community lounge with multiple big screen TV’s, and state-of-the-art fitness center A mix of studio, 1, 2, and 3 bedroom units Pool/patio courtyard to include a saltwater/mineral pool, fire pit lounge area, and outdoor kitchen/grill station Surface parking and a small portion of shared parking with the adjacent commercial use Commercial Complex: 60,000 SF 3-Story Commercial Space, comprised of: 20,000 SF Retail/Restaurants 40,000 SF Class A Office/Medical Use Upon completion, the area near the intersection of Montgomery Road and Stewart Road will be transformed into a vibrant mixed-use community that flows effortlessly together using the site’s natural topography and site features. The luxury apartment community situated on the southwest corner of the site will transition well into neighboring residential developments along Stroll Avenue and Stewart Road. (more)
Below is a brief summary of the leading commercial real estate news articles for the Dayton region from September 28 – October 7, 2016. Sign up here to have these informative summaries sent directly to your inbox on a biweekly basis. September 28, 2016 Airport Deluxe Indoor RV Storage coming to Dayton area Airport Deluxe Indoor RV Storage, a new storage facility with units for large space users like boats, RVs, and camper trailers, will be opening near the Dayton International Airport. Plans for the project include four buildings which will be about 11,000 square feet with bays between 14 to 20 feet wide and 54 feet deep. The first phase of the project, which includes the construction of two out of the four buildings, will include 30 units in total. September 30, 2016 Access Ohio purchases downtown Dayton property Access Ohio, an Ohio-based mental health service, purchased three downtown Dayton properties. The mental health service bought 34-36 E. First St. near the corner of First and Jefferson for $336,000. In August, Access Ohio also bought two neighboring buildings at 40 E. First St. and 131 N. Jefferson St. October 3, 2016 UDF purchases property in Washington Township United Dairy (more)
Wanting to make a difference in the community for families with infants, Miller-Valentine Group Associates in both the Dayton and Cincinnati offices held a “Diaper Drive” during the end of September for the benefit of Gem City Gives, Corp. Gem City Gives was established in 2011 exclusively for charitable and educational purposes. The organization launched a diaper bank in 2014 to help fulfill a need in the community — keeping babies clean, dry and healthy. Their goal is to collect, store and distribute diapers to families with babies who are homeless, on public assistances, low income, or have emergency situations. Supporting the National Diaper Need Awareness Week, Miller-Valentine Group held a successful diaper campaign, with Associates donating 4,568 diaper wipes, 2,518 diapers, and $295 in cash contributions. This effort was coordinated by the Miller-Valentine Group Helping Hands committee, a team of Associates who identify and provide opportunities for Miller-Valentine Associates to engage in community service.
Nature-inspired luxe apartment community will exemplify the best in design and open space Construction of Waterford at Sugarcreek, a luxury apartment community located in Sugarcreek Township, Ohio, near the intersection of Feedwire Road and Little Sugarcreek Road is underway. Waterford at Sugarcreek will offer 231 one-, two- and three-bedroom upscale apartments, including personal garage spaces for more than half of the units. The first residences expected to be delivered by May 2017. Designed using the Big House design concept, giving each apartment the appearance of a typical single-family home, Waterford at Sugarcreek will provide direct-entry apartment homes and designer finishes. The 231 garden-style apartments will contain hard surface plank flooring, closet systems with ample storage space, patios, balconies, and washers and dryers. In the chef-inspired kitchens, residents will enjoy stainless steel appliances and quartz countertops. One or two car garages will be an additional feature in some of the one- and two-bedroom units. The pool courtyard includes an oversized resort-style saltwater pool with an expansive amenity deck and gathering areas, as well as a fire pit lounge area and outdoor grilling station. A 6,000-square-foot clubhouse features an internet café, professionally designed community lounge, game room, and state-of-the-art fitness center. The (more)
Below is a brief summary of the leading commercial real estate news articles for the Cincinnati region from September 21 – October 4, 2016. Sign up here to have these informative summaries sent directly to your inbox on a biweekly basis. September 21, 2016 Oakley business district gets mixed-use building A new $1.5M, 5,600-square-foot, mixed-use building is coming to 3094 Madison Road in the Oakley business district. The two-story building will have retail on the first floor and office on the second. September 22, 2016 Blue Ash Distribution Center purchased for $12.5M The seven-building industrial park is located between Reed Hartman Highway and Kenwood Road. The 770,000-square-foot center sits on 41 acres of land and is 100 percent occupied, with tenants including Commonwealth Inc. and Schlage Lock Co. $9M farm to become residential community The nearly 100-acre farm located at 6200 Bethany Road in Mason was sold to M/I Homes. The residential developer plans to build a $130 million community on the property. $55 million distribution development planned for Erlanger Negotiations are underway with National Amusements to acquire the former 135-acre Showcase Cinemas site on Meadow Lane. The plan includes three buildings measuring 612,000 square feet, 676,000 square feet and (more)