Blog/News

Dayton Apartment Market Remains Active

Results from our 2017 Apartment Market Survey illustrate that the Dayton apartment market remained hot throughout 2016. The overall vacancy rate for the apartment market was 4.66% for the Greater Dayton Area and 4.47% for the Dayton Region, which includes Upper Valley, Middletown, Franklin-Springboro, Springfield, and Xenia. The Dayton CBD market remains the area’s tightest market with a vacancy rate at 2.64%, followed by the Dayton North, East and West markets. The regional market was led by the Upper Valley market, which had a vacancy rate of 1.99%. Further, according to PwC’s 2017 Real Estate Survey for the 1st Quarter of 2017, investment criteria for the national apartment market this quarter sits in the contraction phase of the real estate cycle.  The outlook for average rent growth slipped a bit to 2.80%, while the average overall cap rate held at 5.26%. Over the next six months, half of investors foresee overall cap rates rising as much as 50 basis points while the balance foresees them holding steady. On a national level, apartment sales reached a record high in 2016. Download 2017 Apartment Market Report →

Groundbreaking Kicks Off Medical Facility Construction Project

Everywhere you look there are signs of spring—yellow daffodils popping up in flower beds, crabapple trees bursting with pink blossoms, and new construction projects getting underway. While everyone dreads the familiar orange cones that signal roadway projects, new building construction generates more excitement—especially when it involves a 28,000 square foot medical facility. Recently, Miller-Valentine Construction broke ground for a medical office building being built for Digestive Specialists. Multi-Location Construction Projects without the Heartburn In order to better serve patients in Kettering, Centerville, Bellbrook, Fairborn, Beavercreek and surrounding areas, the 17-physician practice will be moving from its current location on Brubaker Drive in Kettering to a new, state-of-the-art medical facility located just off I-675 on Clyo Road in Sugarcreek Township—just a stone’s throw from Miami Valley South Hospital.  A second Digestive Specialists’ medical office building will be built in Huber Heights to serve patients in Dayton and the vicinity. Half of the space in each building will be leased out to Nashville-based surgical specialty group, AMSURG. After learning of the project through Sharonville architecture firm MSP, the Miller-Valentine team presented a competitive plan to offer both the value and the construction timeline that Digestive Specialists was looking for. Project manager Dave Settles (more)

Construction Commences on New Industrial Building in the Lexington County Industrial Park

Miller-Valentine Group is pleased to announce the groundbreaking of a new industrial speculative building, Midway Logistics II, located in the Lexington County Industrial Park; current home to Home Depot, Husqvarna, and Republic National Distributing Company. The 200,000 SF multi-tenant building is designed to meet the needs of today’s Class “A” distribution tenants. The tilt-up, hard wall facility will provide a clear height of 30’, energy efficient LED lighting, an ESFR sprinkler system, and immediate access to I-77 and I-26. “Miller-Valentine identified Lexington County Industrial Park as one of the Midlands premier industrial parks,” said Kevin Werner, Partner with Miller-Valentine Group, “providing users with immediate access to the interstate system as well as an outstanding labor force”. Colliers International South Carolina has been selected to handle the leasing for this property.  Chuck Salley, SIOR, Dave Mathews, SIOR and Thomas Beard are the leading industrial brokerage team in central South Carolina, specializing in leasing, user sales and investment sales of industrial properties. Their multi-faceted platform gives them a unique insight into market conditions for all types of industrial properties. For more information about this project, contact Kevin Werner, Partner, Miller-Valentine Group, at 803.798.3800. For information about leasing opportunities within the Midway Logistics II (more)

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Adaptive Reuse Turns Vacant Landmark into Affordable Housing

  It started in the 1960s. Difficulties in securing new building permits, concerns about the environment and a burgeoning preservation movement led to growing interest in reimagining historic buildings for entirely new purposes. And so, adaptive reuse in the United States began. Considered the first successful adaptive reuse project, the former Ghirardelli chocolate factory in San Francisco was converted into a now-famous specialty retail and dining complex in 1964. Of course, not all adaptive reuse endeavors garner as much attention or fame of Ghirardelli Square, but breathing new life into a historic building can have a powerful impact on local communities. That’s just what’s happening with the Residences at Eagles Point in the City of Eaton, Ohio. Turning a Local Landmark into Affordable Housing In 2014 the H.I.T. Foundation saw an opportunity to convert the former Eaton High School into the “safe, affordable housing” that stands at the heart of the Eaton-based nonprofit’s mission. The 1920s-era school building had been largely vacant following the 2012-2013 school year when students transitioned to a new high school. The school district was still using a building on the property for the Superintendent’s office. In addition, the school still housed two tenants, the school (more)

Announcing Centerville Senior Lofts in Centerville, Iowa

Miller-Valentine Group is proud to announce the development of Centerville Senior Lofts; an apartment home community designed exclusively for adults 55 and over, located at 421 North Main Street in Centerville, Iowa. Centerville Senior Lofts is now accepting applications and plans to open its doors in September 2017.  This beautiful, brand new community of one and two bedroom apartment homes will serve adults 55 and over 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 a full-size washer and dryer. Centerville Senior Lofts will offer several other amenities which separate them from their local competition. When entering the first floor of the building, you will find a business center, media room, fitness center, and a large multi-purpose community room with a kitchen and dining area which will allow residents to enjoy the companionship of friends and family.  The community is also smoke-free & environmentally friendly. Unlike other apartment communities, Centerville Senior Lofts has a personal attention, exceptional (more)

What’s Driving Climate Controlled Self-Storage Construction?

While it might not sound like the most glamorous investment opportunity, an article in the latest issue of REIT magazine is bullish on self-storage. In the past 20 years, demand for self-storage has climbed steadily—and has been one of the fastest-growing sectors of the United States commercial real estate industry.  According to the Self-Storage Association, the official trade organization of the industry, there were 2.5 billion square feet of self-storage space in the U.S. at 90 percent occupancy rate as of 2015. Joe Margolis, CEO of Extra Space Storage, tells REIT that “… the sector has turned into a hotbed for new investment.”  One type of facility in particular — multi-story climate controlled self-storage—is increasingly popular for several reasons. 4 Benefits of Climate Controlled Self-Storage  REIT magazine notes that demand for these “… ‘third-generation’ facilities that look like apartments or offices and include climate control” is growing.  That’s precisely what Miller-Valentine Group discovered in Goose Creek, South Carolina, where they recently commenced construction on a climate controlled self-storage facility. Two other CCSS projects are also in the pipeline—a second location in Goose Creek and another in the nearby city of North Charleston. Steve Koewler, President of Commercial Southeast Construction and (more)

Keokuk Senior Lofts Now Accepting Applications

Miller-Valentine Group is proud to announce the development of Keokuk Senior Lofts; an apartment home community designed exclusively for adults 55 and over, located at 925 Main Street in Keokuk, Iowa. Keokuk Senior Lofts is now accepting applications and plans to open its doors in September 2017.  This beautiful, brand new community of one and two bedroom apartment homes will serve adults 55 and over 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 a full-size washer and dryer. Keokuk Senior Lofts will offer several other amenities which separate them from their local competition. When entering the first floor of the building, you will find a business center, media room, fitness center, and a large multi-purpose community room with a kitchen and dining area which will allow residents to enjoy the companionship of friends and family.  The community is also smoke-free & environmentally friendly. Unlike other apartment communities, Keokuk Senior Lofts has a personal attention, exceptional move-in, (more)

Congratulations United Rehabilitation Services on Your Building Addition!

A ribbon cutting was held recently to celebrate the 21,647 SF addition of a new Children’s Wing, Nursing Clinic, Classrooms, Offices, a Laundry Facility and Gymnasium to the current United Rehabilitation Services (URS) facility located on Old Troy Pike in Dayton.  URS is a local nonprofit, serving nearly 3,000 children and adults annually with a variety of disabilities or special needs.  The expansion increases the capacity of the agency’s Early Childhood Education Program, tripling the number of infants and doubling the number of toddlers, preschoolers, and school-age children.  The expansion also increases services for adults and seniors with disabilities by almost 100 individuals. Miller-Valentine Group has worked with URS over the years, first renovating and expanding their facility in 1998, and again providing construction services which included a daycare and reception area renovation, as well as a courtyard renovation a few years later.  “We were very pleased to be called on once again to fulfill URS’s need for additional space and to work with an organization so dedicated to serving the needs of our community”, said Denny Whitehead, Sr. Vice President, Dayton Market.  “Anytime we are able to work closely with a client on multiple projects, we become a close knit (more)

Benefits of Hiring Former Military Personnel

For more than a decade, Victory Media has published Military Friendly® digital and print media to help service members find career opportunities after they leave the military. The publisher also confers a Military Friendly Employer designation on companies—an honor which Miller-Valentine Group has earned in each of the last five years. In fact, 69 of our current Associates are former military service members or military spouses. Not surprising, perhaps, given our proximity to Wright-Patterson Air Force Base in Ohio, Joint Base Charleston in South Carolina and other military installations—but location isn’t the only reason. As any company earning Military Friendly Employer status can attest, hiring military veterans and spouses brings additional benefits—whether in construction, information technology or another industry. Why Veterans & Military Spouses Make Good Employees Former military personnel and their spouses bring unique strengths with them when they enter the civilian job market. If you are in the market for new hires, here are five reasons you should consider veterans. Flexible Attitude—From working in a wide variety of environments to making moves as required by changing deployments, former military personnel, and their spouses know how to adapt to new situations. This flexible attitude translates to an innate ability (more)

Safety First!

As of 2/28/2017, the current hours worked by Miller-Valentine Construction without a lost time accident is One Million One Hundred Eighty-Seven Thousand Nine Hundred Fourteen!!!! (1,187,914). With construction projects throughout Ohio, Kentucky, Texas, South Carolina, Pennsylvania, West Virginia, Indiana, Georgia, and Iowa, keeping our job sites safe takes more than the luck of the Irish. Click Here for Construction Safety Tips

Dayton Area Commercial Real Estate Firms

As reported by Jane Applegate, Research Director Dayton Business Journal March 12, 2017 The annual Commercial Real Estate Firms list was published this week in the Dayton Business Journal.  Miller-Valentine Group Realty Services ranks first among 26 companies with 19 commercial realtors. See Full List    

Dayton Region Investor Bootcamp

The Accelerant Venture Capital Fund, an Initiative of the Dayton Development Coalition, is collaborating with Queen City Angels to provide an investor training “boot camp” for Dayton-area investors.  The event will be held March 22 at the Montgomery County Business Solutions Center, located at 1435 Cincinnati Street, Dayton.  The event will involve formalized angel investment training, but will also provide a great networking environment for local entrepreneurs and investors alike. The day commences with networking opportunities at 7:45, followed by the Opening Keynote Speaker – Scott McGohan of McGohan Brabender.  Training will be delivered by Tony Shipley (Founder/Chair of the Queen City Angels, National ACA  Board Member), along with a host of other experienced investors.  A moderated panel session with local entrepreneurs will also be held involving four successful founders (including Joe D’Silva, founder of Washington Township’s P&C Pharma)  discussing their challenges, successes, along with lessons learned. At the lunch hour, Dave Dickerson, Partner/President, Miller-Valentine Group Realty Services, will present an overview of the Downtown Dayton Expansion Initiatives. Additional information can be found at http://daytonregion.com/news/accelerantqueen-city-angels-investor-boot-camp-agenda/   About the Dayton Development Coalition The Dayton Development Coalition is focused solely on growing the 14-county Dayton region—one of the most livable regions in (more)

How the Dayton Chamber Can Help Your Business

The Dayton Area Chamber of Commerce (DACC) celebrated a milestone recently: its 110th anniversary. Today, the Chamber supports 2,400 businesses across nine counties—Butler, Clark, Darke, Greene, Miami, Montgomery, Preble, Shelby, and Warren.  In addition to serving businesses, the Chamber fosters innovation and partners with business and community leaders to promote economic development in the region. It’s not surprising, given DACC’s famed founder, John Henry Patterson, who “… attracted and built a culture supportive of social entrepreneurs who refined his ideas and added their own—people like Charles F. Kettering, Edward Deeds, Thomas Watson, James Cox, and Arthur Morgan.” How does DACC—and chambers all over the U.S.—lend their support to local businesses and spur economic development? How Do Local Businesses Benefit from a Strong Chamber? The Dayton Area Chamber of Commerce has earned five-star accreditation from the United States Chamber of Commerce. DACC demonstrates how it earns a distinction that less than 1 percent of all chambers in America can claim through a variety of programs for local businesses. Partnerships Help Businesses Save Money—DACC members benefit from the Chamber’s partnerships with prominent businesses to offer discounts on office supplies, shipping costs, electricity, healthcare and more—adding up to an average of $6 million (more)

The North Carolina town inspiring plans for Dayton Arcade

As reported by Tristan Navera, Senior Reporter at the Dayton Business Journal. As planners look to move ahead to revive one of the largest vacant buildings in downtown Dayton, they’re turning to a North Carolina town for inspiration. Dave Dickerson and his development team have been taking “field trips” to another city with a similar plight, which found an unusual solution. Read the full story  

Grand Opening of New Luxury Apartment Community

Miller-Valentine Group is pleased to announce the grand opening of WaterStone at Hamburg, its new luxury apartment home community in Lexington. The event will begin at 1 p.m. on Friday, March 10, at 2785 Polo Club Boulevard. Cocktails and hors d’oeuvres will be served at a reception following the ribbon cutting. Birthed from a legendary heritage, WaterStone at Hamburg is inspired by champions. Out of the rich earth where thoroughbreds once trained emerges brilliant living. This is a new address for extraordinary residences with stylish interiors, community privileges and an innovative life. Waterstone at Hamburg consists of two four-story, elevator serviced buildings with attached tuck-in garages. The community is adjacent to Hamburg Place, the largest shopping and dining area in central Kentucky, and is convenient to Interstate 75 and major local employers. Each apartment home features upgraded wood-plank flooring, private balconies or patios, and laundry rooms. The gourmet-style kitchens include under mount sinks, dark wood cabinets, stainless steel appliances, quartz countertops and large, freestanding islands. The property is also enriched with exclusive privileges such as 24-hour fitness with a yoga room; heated saltwater pool with colonnade and sundeck; an entertainment area including a bar, TV, grills and fire pit; and (more)

Luxury Apartment Development Under Construction

As reported by Tom Demeropolis, Senior Staff Reporter at the Cincinnati Business Courier. Echelon is a 187-unit apartment development at Glen Este-Withamsville Road and Larma Lane in Union Township. Read Full Story  

International Warehouse Logistics Association – Leadership That Inspires

The International Warehouse Logistics Association (IWLA) is the unified voice of the warehousing and logistics industry, representing third-party logistics and warehousing service providers. The core mission of the association is to provide ideas and information to warehouse logistics providers’ to help members run high-quality, profitable businesses. The upcoming IWLA Convention & Expo event (#IWLA1891) will attract warehousing professionals from around the globe as members of the International Federation of Warehousing and Logistics Associations (IFWLA) will join IWLA members for a dual meeting.  “Leadership That Inspires” is the convention theme and sessions and events focus on giving attendees new ideas to motivate employees for continued growth. Below are just a few of the informative sessions to be conducted during the convention: Trade Policies in the Age of Trump – President Donald Trump is leading the most consequential shift in U.S. trade policy in decades. What specific issues can impact your warehouse logistics business? Learn more: bit.ly/2kP7KGM There is strength in numbers – One 2017 IWLA Convention breakout session focuses on how IWLA works with other associations, coalitions and, its own members to influence regulatory policy in Washington, D.C. Plus: Where do we stand with the overtime rule? How about the persuader rule? What do you (more)

Mixed-Use Development in Silverton Moving Forward

      As reported by Tom Demeropolis, Senior Staff Reporter, Cincinnati Business Courier   The largest development in Silverton’s history continues to move forward. And now it has a name. The mixed-use project, which is being developed by a joint venture between Miller-Valentine Group and Jeffrey R. Anderson Real Estate Inc., is Ag 47. http://www.bizjournals.com/cincinnati/news/2017/02/16/meet-ag47-the-largest-development-in-silverton-s.html  

Morton Estates Open House to be held Tuesday, February 21

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 Tuesday, February 21 from 10:00 am – 3:00 pm at Morton Estates located at 935 East Jefferson Street, Morton, Illinois 61550. During the open house, Miller-Valentine Group will showcase their latest community, Morton Estates. 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 (more)

Associate Spotlight – Welcome Adrienne Ruebusch

Miller-Valentine Group welcomes Adrienne Ruebusch to the Cincinnati team as Vice President of Business Development.  In her new role, Adrienne will be responsible for producing and directing opportunities for the construction team as well as identifying and managing key relationships within the Cincinnati/Northern Kentucky Market.  Adrienne has over 15 years in the construction industry and has worked with major national clients, including The Kroger Company, LensCrafters, Sunglass Hut, and Walgreens.  She has a B.S in Civil Engineering from The University of Cincinnati. About Adrienne: Why did you choose Miller-Valentine Group? Simply put, to get back to my passion – construction. I’ve always known Miller-Valentine Group to have a great reputation and I had heard the culture was amazing, so when the opportunity presented itself for me to work in my hometown, for a great company like Miller-Valentine Group, I had to seize the opportunity. What do you like most about the construction industry? I love to see buildings come together.  There is something fascinating & fulfilling about seeing a well thought out design come to life in execution.  It’s also an industry that is constantly evolving.  Even after 15 years I still learn something new every day. Do you have (more)

Experience the Difference at Whitehouse Square Townhomes – Our Doors are Now Open

Miller-Valentine Group is proud to announce that Whitehouse Square Townhomes, their newest affordable townhome community, is now open. Located at 10405 Washington Street, near the intersection of Waterville Street & Whitehouse Square Blvd., Whitehouse Square Townhomes gives residents easy access to a variety of services; health care, shopping, restaurants, entertainment, and city parks. With a fun community and great location, Whitehouse Square Townhomes is filling up quickly. 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 Whitehouse Square Townhomes.” This pet friendly community of 55 two, three and four bedroom townhomes features contemporary floor plans with modern amenities at an affordable price: 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! Creating an active lifestyle for its residents, Whitehouse Square Townhomes also boasts a clubhouse which includes a business center, media (more)

Water Tower Park Senior Village – Open House

Miller-Valentine Group is excited to offer a look into their newest apartment community, Water Tower Park Senior Village, which was built exclusively for adults 55 and over.  The Open House will be held on Tuesday, February 14, 2017 from 10:00am – 3:00pm at Water Tower Park Senior Village located at 140 Senior Center Way, Gray, GA 31032. During the open house, Miller-Valentine Group will showcase their latest community, Water Tower Park Senior Village. Guests will have the opportunity to tour the pet-friendly community consisting of 72 one and two bedroom apartment homes designed to serve adults 55 and over who desire high-quality affordable rental housing. This maintenance-free community features amenities you would expect to find in a luxury community at an affordable price: a fully-equipped gourmet kitchen with 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. Water Tower Park Senior Village features several other amenities which separate them from their local competition; a fitness center, 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 (more)

New Apartment Home Community in Washington, PA

Miller-Valentine Group is proud to announce the development of their newest apartment home community, Burkett Place, located at 29 Burkett Lane in Washington, Pennsylvania. Burkett Place is now accepting applications, and plans to open its doors in July 2017.  This beautiful, brand new community of 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 they 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. Burkett Place will offer several other amenities which separate them from their local competition; a community clubhouse that boasts a business center, media room, clothes care center and fitness center; as well as outdoor amenities including a playground where residents can enjoy the companionship of friends and family. Unlike other apartment communities, Burkett Place 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 a few ways that (more)

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