Miller-Valentine Group Associates celebrated Cinco de Mayo while enjoying a taco bar luncheon. The festive event served a dual purpose, allowing everyone an opportunity to make their own tacos with their favorite toppings while bringing Associates together for a relaxing meal. A perfect way to spend a rainy afternoon!
Millennials looking for their first home and Baby Boomers/Empty Nesters looking to downsize have more in common on their checklist than you might think. Builder Online reports, “As cultural, economic, and geographic factors push entry-level buyers and Empty Nesters to seek out similar homes and neighborhoods, they’re often competing for the same properties. Younger (and younger-at-heart) Baby Boomers don’t want to live in age-restricted communities—or anything with ‘age,’ ‘adult,’ ‘retirement,’ or ‘mature’ in the name. They want to live side by side with their kids, the Millennials, in physically and socially active neighborhoods.” In its State of the Nation’s Housing 2016 report, Harvard University’s Joint Center for Housing Studies found that more than a third, about 36 percent, of U.S. households lived in rentals last year. And, of those, there is a “sizable and growing number of high-income households (choosing) to rent for the flexibility and convenience it provides.” According to the report, top-income households—those who could afford to buy, but choose to rent—have been the fastest-growing segment over the past three years, and that reality has created a growing demand for luxury apartments. With these facts in mind, the challenge to developers is to design luxury rental communities attractive (more)
Congratulations to Denise Blake on your recent promotion to Project Management Director. Denise joined Miller-Valentine Group in 1997, working in as an Administrative Associate in commercial construction. In 2000, Denise became a member of the affordable housing team and has served in a number of roles within multifamily development. Her can-do attitude and willingness to learn were recognized by all those who worked with her, and in 2003 she was promoted to the position of Developer with the Affordable Housing team. In her 11 years as a developer, she originated and was involved in the financing of approximately 20 housing communities, many in Ohio, as well communities in first-time states of Michigan, and Pennsylvania, including: Community Location Units Allegheny Pointe Allegheny Township, Westmoreland County, PA 52 Daystar Estates Detroit, MI 50 Delaware Place Delaware, OH 54 Jefferson Homes Jefferson Township, Montgomery County, OH 40 Pine Ridge Apartments Logan, OH 72 Residences at Eagles Point Eaton, OH 40 Twin Towers II Dayton, OH 90 Walkers Ridge Hempfield Township, Westmoreland County, PA 84 Walnut Ridge Cortland, OH 78 Most recently, Denise has been part of a team (more)
Over the last 50+ years, Miller-Valentine Group has expanded its boundaries with projects in 27 states. Miller-Valentine Group is the 3rd largest developer of affordable housing in the country according to Affordable Housing Finance magazine and has developed/constructed over 15,000 housing units with a presence in 16 states. Read More: Arcade developer adds work across U.S. As reported By Thomas Gnau – Staff Writer Dayton Daily News
The Colerain Chamber of Commerce honored Bill Rumpke Sr. with the 2017 Hometown Hero Award at a dinner gala on April 27, 2017. Bill Rumpke Sr. is a Cincinnati business icon, Colerain Township native, and longstanding community partner. He grew up in his family’s waste collection business, working for the company as a laborer, mechanic, heavy equipment operator and driver. Bill and his cousin purchased Rumpke from their fathers in 1978 and became the co-presidents and CEOs at Rumpke, Inc. Together they expanded the company, growing revenues and extending into multiple states. By 2014 Rumpke’s fleet contained about 1,500 vehicles and had grown to include 11 landfills and 10 recycling centers, with employment reaching approximately 2,700 people. Miller-Valentine is proud to have been a Platinum Sponsor for the gala honoring Bill and his many business and civic contributions throughout the years. In addition, Miller-Valentine Construction is pleased to partner with McGill Smith Punshon in the construction of a new headquarters facility for Rumpke, scheduled to break ground in summer 2017. Congratulations to Bill Rumpke Sr. and the Rumpke Corporation!
Every year on April 28, the United States Department of Labor observes Workers’ Memorial Day. The day honors workers who have died on the job and recognizes the suffering of those who are grieving as a result. At Miller-Valentine, we also use the occasion to emphasize the importance of safety and to recommit to safe workplaces. With more than 1,100,000 hours accident-free, it’s clear that safety is woven into Miller-Valentine’s culture. It takes a company-wide commitment to safety to achieve a record like that. From ongoing training to constant hazard analysis, we strive to keep safety at the forefront of everything we do. Steering Clear of the Fatal Four In his 23 years in the construction industry, Safety Director Bill Burke has seen an increased focus on worker protection and safe working environments. “The technology and tools available now compared to 10-15 years ago is of a much higher quality,” Burke says. “Manufacturers of safety and protective equipment have done a very good job of providing just about everything we need to protect people. Training has also improved over the years, and construction associations provide great resources to promote safety.” Yet, fatal injuries on construction sites were up in 2015 (more)
Miller-Valentine Group and TRI-CAP are excited to offer a look into their newest apartment community, The Lofts at St. Joseph’s, which was built exclusively for adults 55 and over. The Open House will be held on Thursday, April 27, 2017 from 10:00am – 2:00pm at The Lofts at St. Joseph’s located at 1900 Medical Arts Boulevard, Huntingburg, Indiana, 47542. During the open house, Miller-Valentine Group will showcase their latest community, The Lofts at St. Joseph’s. Guests will have the opportunity to tour the former “St. Joseph’s Hospital” building which has been transformed into 45 one and two bedroom apartment homes designed to serve adults 55 and over who desire high-quality affordable rental housing. This pet friendly community features amenities you would expect to find in a luxury community at an affordable price: elevator access, a fully-equipped gourmet kitchen with brand new energy-efficient appliances, pantry, and breakfast bar/island; oversized bathrooms, central air conditioning, exceptional closet space, and a laundry room which includes full-size washer/dryer connections, and plenty of extra storage. The Lofts at St. Joseph’s 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 (more)
Miller-Valentine Group is proud to announce the development of their newest townhome community, Edison Hill Commons, located at 800 Lily Lane, Parkersburg, West Virginia. Edison Hill Commons is now accepting applications and plans to open its doors in August 2017. This beautiful, brand new community of 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 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. Edison Hill Commons will offer several other amenities which separate them from their local competition; a community clubhouse that boasts a business center, media room, and fitness center; as well as a large multipurpose room with a kitchen/dining area where residents can enjoy the companionship of friends and family. Unlike other apartment communities, Edison Hill Commons 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 Edison (more)
Wheelhouse Lofts is the adaptive reuse of the historic Weustoff and Getz building, once used as a machine shop, tool room and assembly room for automobiles. The four-story building is being converted into 40 loft-style apartments with restaurant and retail space on the first floor. Troll Pub Under the Bridge, a 6,500 square foot bar and restaurant with a courtyard will be among the tenants. Aaron Savino with Miller-Valentine Group Realty Services is the retail leasing agent for the project. “There has been a lot of interest in this location. I expect a good tenant mix that will complement current retailers in the Oregon Arts District,” says Savino. Miller-Valentine Construction is managing the project for Louisville-based developer City Properties Group. Construction will be wrapping up early this summer.
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 →
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)
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)
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)
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)
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)
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)
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)
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)
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
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
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)
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)
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