Miller-Valentine Group announces it has reached an important safety milestone: more than 731,000 work hours without incident (as of 2/28/15). In honor of this significant achievement, company officials hosted a special recognition event, providing its commercial construction field Associates with new safety boots. “This achievement is a reflection of the hard work and level of commitment of our Associates who have driven our success for over fifty years,” noted Bill Krul, Chief Executive Officer. “At Miller-Valentine we cultivate a culture of safety throughout the organization; we make it a priority on every project.” Bill Burke, Safety Director, leads the safety program for Miller-Valentine Group. Burke, a 21-year industry veteran, and certified OSHA outreach instructor, is frequently invited by industry leaders to speak about safety topics at educational events. “It all starts with management commitment,” said Burke. “Management has to challenge all Associates to apply, train, inspect and monitor safety practices in order to ensure safety on construction job sites.” Miller-Valentine has been an Ohio Valley Associated Builders and Contractors (ABC) member since the inception of the chapter in 1974. “Miller-Valentine has participated in ABC’s Nationally Recognized STEP program for over 10 years receiving highest recognition, the Diamond Level since 2012 and Platinum (more)
Miller-Valentine Group is proud to announce that their newest community, Oak Ridge Apartments, is now open! Stop by to take a closer look at this beautiful community during the Open House Event on Friday, May 15th from 3:00 pm – 6:00 pm and Saturday, May 16th from 2:30 pm – 5:00 pm at Oak Ridge Apartments located at 339 10th Street, Nolanville, Texas 76559. During the open house, Miller-Valentine Group will showcase their latest community, Oak Ridge Apartments. Guests will have the opportunity to tour the pet-friendly community consisting of 48 one, two and three bedroom apartment homes which were designed to serve families who desire high-quality affordable rental housing. The brand-new apartment homes feature amenities you would expect to find in a luxury community at an affordable price: fully-equipped gourmet kitchens, energy-efficient appliances, full-size washer/dryer connections, exceptional closet space, private patio or balcony, and central air conditioning. Oak Ridge Apartments features several other amenities which separate them from their local competition; a fitness center, clothes care center, media/gaming room, business center, and a large multi-purpose community room with a kitchen and dining area. The community grounds will include a swimming pool, playground and outdoor picnic area allowing residents to (more)
In 2015, there are several emerging hotspots and trends identified in the Dayton Region that are expected to draw attention in the coming year and beyond. Hot property types in commercial real estate include industrial, healthcare, retail, multifamily and mixed-use developments which are all expected to be the big players in 2015. Conversely, the office market will continue to recover during 2015 at a moderate pace as owners aggressively lease vacant spaces and properties are re-positioned. Some hot locations in the region include the North Market (along I-70 and I-75), which is expected to see expanding growth due to the specialized manufacturing and logistics markets. In South and Southeast Dayton, areas along I-75 and I-675 are expected to continue to prosper especially near the Wilmington Pike interchange, with Oberer’s “Cornerstone” Development and at Austin Boulevard with RG Properties “Austin Landing” development. Medical campuses like Miami Valley South Hospital along Wilmington Pike and the Good Samaritan campuses in the north and northwest markets are also expected to see growth as these campuses continued planned expansions. Finally, the urban area near downtown including the Water Street, Webster Street Station and Oregon Districts, as well as the new development around UD and UD’s Innovation (more)
In today’s economic climate the old adage of a penny saved is a penny earned, takes on even more significance. Real estate taxes can be one of the largest operating expenses when owning and operating commercial real estate. This expense could also have a significant impact on the value of your property. The county auditor is responsible for assigning a market value for all of the individual properties in the county. Every six years the county auditor appraises all of the properties to determine their market value. Every three years, the county auditor does an update known as the Triennial update. The 88 Ohio counties have sent out notices of assessments which could result in changes to your or your clients’ tax bills for the next few years. Review your assessment carefully to see if your taxes are consistent with market valuations. The county mass appraisal process often uses comparable sales of properties that occurred up to 3 years prior to the effective date of value. This means that they may be using historical sales to value your property, which may or may not be relevant. If you think your assessment is above the fair market value of your property, (more)
Miller-Valentine Group Realty Services has been awarded the marketing contract for the sale and leasing of the existing office and industrial space at the Mound Business Park (www.mound.com) in the City of Miamisburg. This assignment also includes the marketing of nearly 200 acres of shovel-ready sites available for new development within the park. The Mound Business Park is a 300-acre park, with 16 buildings on the site. Available space includes 218,000 SF of industrial and lab space and 104,000 SF of office space. A notable deal already completed this year by the Miller-Valentine Realty Services team includes the lease of 12,000 sqft. of office space to Barge, Waggoner, Sumner & Cannon Inc. The MVG Realty Services team of Gerry Smith and Aaron Savino, are in the final negotiations to sell one of the buildings and have offers out on a second building for sale. Available space includes a tool and die facility, a 10,000 SF lab , 121, 000 SF underground research facility with multiple bomb blast resistant entrance doors and an 84,000 SF office building. For more information, please contact Gerry Smith at [email protected], or by phone at 937-297-9368.
Miller-Valentine Group, the Southwest Ohio commercial real estate development, and construction firm, is gearing up for several years of growth. To handle an expected increase in the development business, the firm added Brian Copfer as senior vice president. Copfer will focus on one of the firm’s focus areas, build-to-suit properties which are owned by Miller-Valentine and its investors and leased to tenants. Copfer spent 12 years with Miller-Valentine before joining Core Resources Inc. in 2012 as director of development, where he managed the developer’s Family Dollar account. Copfer said he reluctantly left Miller-Valentine because there just wasn’t as much development activity at that time. In October, Miller-Valentine also added Ian DeGalen, an attorney with experience in economic incentives, as a commercial real estate developer. Between the two, the company has the skills to increase its development work. “We’re in a sweet spot right now for growing our business,” said Bill Krul, CEO and senior partner of Miller-Valentine. Build-to-suit-for-lease allows tenants to get the building they want without having to own it. Office, industrial, retail and medical tenants can focus on their business and not worry about owning and operating a building. Jack Goodwin, partner with Miller-Valentine, said the market for build-to-suit-for-lease (more)
The Dayton office market continued to show signs of recovery in 2014, based on results from Miller-Valentine Group Realty Services’ 4th Quarter Office survey. The vacancy rate for the overall Dayton office market remained stable at 26.03%, with notable positive absorption trends in both the East Dayton and North markets. After several years of struggle from the shake out of defense cuts and consolidations in the defense industry, the East Dayton market showed the greatest activity with over 150,000 sqft. absorbed in 2014. The most notable deal in the East market during 2014, was the Berry Company relocating to the Miami Valley Research Park from its former Moraine headquarters. The North market, recently the weakest suburban market, now represents the area’s strongest office market, with a current vacancy rate of 20.99%, a nearly 10% decrease from 2010. The CBD market remains the area’s softest market, with a 32.74% vacancy rate, which was relatively unchanged from the previous year. Notable office deals for the Miller-Valentine Group Realty Services office team of Steve Ireland and Aaron Savino include: North Market • Infotel, 10,000 sqft. Lease • Access Independent Living, 9,000 sqft. Lease • LFL Insurance, 3,000 sqft. Lease South Market • Volunteers (more)
Miller-Valentine Construction recently completed the design/build construction project on Blackstone Shooting Sports, a new 27,090 SF facility located on Wilkinson Blvd. just outside of Uptown Charlotte, NC. The new building features a spacious 28-lane indoor shooting range suitable for pistols, rifles, and shotguns, a 6,000 SF retail shop, multiple classrooms for training and meetings, and a luxurious members’ lounge and event space that will be available to rent for private events. The facility will also house Blackstone’s corporate offices in a second-floor mezzanine space. For more details of this premier facility, go to www.blackstoneshooting.com. “Miller-Valentine proved to be an excellent partner on this project. Their experience and knowledge is key in the delivery of a top-notch building”, said Taylor Hayden, owner of Blackstone.
Miller-Valentine Construction recently completed renovations to the Consultants in Gastroenterology medical building located in West Columbia. Included in the renovation was the expansion of the clinical and procedural waiting areas featuring large store front windows to showcase the updated patient areas. Renovations also included a new covered front entrance and patient drop-off area. “It was a great experience working with Miller-Valentine Construction. They were thorough, responsive, and helped minimalize the disruptions to our business throughout the project,” says Doreen Edmondson, Administrator for Consultants in Gastroenterology.
MV Commercial Construction has been recognized as a Diamond Award recipient for the third year in a row by the Associated Builders and Contractors (ABC) as part of its Safety Training Evaluation Process (STEP). Diamond recognition is the highest possible level awarded by the ABC for its members. Qualifying STEP participants must demonstrate stringent guidelines for safety by proving an advanced company-wide safety program and less than the industry average on leading indicators. “MV Commercial Construction is to be commended for running a world-class safety program that addresses the unique risks inherent in the construction industry, “ said Doug Carlson, President of ABC of the Carolinas. “Receiving this award at the Diamond level for three consecutive years emphasizes that high standards of safety and employee training are core values in their organization.”
Miller-Valentine Group team members recently volunteered to assist Vital Connections of the Midlands by making site improvements to their Arthurtown facility through the United Way Day of Action program. The mission of Vital Connections is to provide quality early care and education for homeless and needy children and their families in the Columbia area. Miller-Valentine associates volunteered with the group and were tasked with power washing the exterior, cleaning the awnings, weeding and planting the gardens, mulching, and trimming the bushes. As part of their volunteer efforts, Miller-Valentine Group also organized the donation of top soil, pine bark, and winter vegetables from local suppliers. “Miller-Valentine volunteers provided over $1,200 dollars’ worth of materials, supplies, and services to us,” said Robin McCants, Executive Director of Vital Connections of the Midlands, Arthurtown Early Head Start. “We are so thankful for businesses and people like these. They make a huge difference for us.” Miller-Valentine has been an active supporter of the United Way and has participated in their fundraising and community service efforts for over twenty years.
Miller-Valentine Construction successfully managed the delivery of the 1,000,000 SF building addition to the existing distribution facility located in Dillon, SC. The expansion brought the new distribution center to approximately 2,000,000 SF and allows Harbor Freight Tools to increase their productivity to serve their growing retail network. The “state of the art” facility includes 140 dock doors, 38 ft. in clear height, and an additional 700 trailer parking stalls. Miller-Valentine Construction provided construction management services for the Pre-Construction and Construction stages of the project and was responsible for the coordination of the project’s schedule, design, and ultimately the construction administration for the successful delivery. “We were pleased to work together with the Harbor Freight Tools management team and assist them with a significant expansion to their operation in Dillon County. As owners and contractors of millions of square feet of similar product, Miller-Valentine Construction was a natural fit to oversee the delivery of this mission-critical project,” said Kevin Werner, Partner with Miller-Valentine Construction. “We look forward to working with Harbor Freight Tools on future projects as they continue to grow throughout the country.”
Miller-Valentine Group announced today that it has earned the 2015 Military Friendly® Employer and Military Spouse Friendly Employer® designation by Victory Media, publisher of G.I. Jobs® and Military Spouse. This is the 2nd year that Miller-Valentine has earned this designation; with 7% of its workforce either on Active Duty or Veteran status. Companies competed for the elite Military Friendly® Employer title by completing a data-driven survey, with data independently tested by Ernst & Young LLP based upon the weightings and methodology established by Victory Media and its Advisory Board. Criteria for the survey included a benchmark score across key programs and policies, such as the strength of company military recruiting efforts, the percentage of new hires with prior military service, retention programs for veterans, and company policies on National Guard and Reserve service. 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 goals and the value of teamwork. This skill set fits perfectly with our corporate culture.” Krul continues, “It is our privilege to work with those who have made service to our country a (more)
Miller-Valentine Group continues to grow its portfolio by acquiring two Class A luxury apartment buildings in southern Michigan and northwest Ohio. Combined, these properties total 498 units. “These acquisitions are part of our overall strategy to grow our multifamily portfolio and plan to strategically acquire more properties throughout our 14 state footprint,” noted Michael Riechman, Managing Director, Miller-Valentine Group Multifamily Investment Management. In another element of this growth strategy, Miller-Valentine recently announced the appointment of Charles Rulick as vice president, Conventional Multifamily Development. Rulick is a veteran of the real estate industry with over 11 years of experience. Rulick will be responsible for sourcing and managing class A multifamily development projects throughout the Southeast and Midwest. Miller-Valentine has been developing, building and managing quality multifamily housing for more than 30 years, from urban neighborhood revitalization to luxury living, and currently manages over 13,000 units.
According to our 2014 Industrial Market Survey, throughout this year, the Dayton industrial market has shown signs of moving from the recovery phase into the beginning stages of expansion in the real estate market cycle. The overall vacancy rate for the industrial market in the Dayton region dropped to 19.39%, which is down from the 2013 figure of 20.68%. Within the Dayton regional market, a positive absorption of 389,607 square feet of space occurred during the 2014 survey period. The Dayton Area market experienced a positive absorption of 90,829 square feet during the same period. The Dayton East Market remained the area’s most active with a vacancy rate of 7.10%, followed by the Upper Valley Market at 11.74%, and the Dayton North Market at 15.78%. The Dayton South Market remains the softest with a current vacancy rate of 27.26% for 2014. However, this market continues to show improvement as it recovers from the losses that occurred during the late 2000’s due to major employment departures. The Upper Valley region showed the highest level of market absorption in 2014 with 298,778 sq. ft. of space being leased over the past 12 months. Miller-Valentine Group Realty Services’ notable deals include: AFCO Cargo leased (more)
Frontier Community Services and Miller-Valentine Group are proud to announce that their newest apartment community, Fairway Breeze, is now open! Stop by to take a closer look at this beautiful community during the Open House Event on Friday, October 3, 2014, from 1:00 pm – 5:00 pm at Fairway Breeze Apartments, located at 600 South Country Club Road, El Reno, Oklahoma 73036. During the open house, Frontier Community Services and Miller-Valentine Group will showcase their latest community, Fairway Breeze. Guests will have the opportunity to tour the pet-friendly community consisting of 48 two- and three-bedroom apartment homes which were designed to serve families who desire high-quality affordable rental housing. The brand-new apartment homes feature amenities you would expect to find in a luxury community at an affordable price: spacious floor plans, fully-equipped gourmet kitchens, energy-efficient design, and appliances, full-size washer/dryer connections, exceptional closet space, private patio or balcony, and central air conditioning. Fairway Breeze features 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 outdoor picnic area allowing residents to enjoy the weather and companionship of friends and family. The professional on-site (more)
Spirit of Construction Foundation will honor Bill Krul, CEO of Miller-Valentine Group with a Lifetime Achievement Award at the Celebration of Construction gala on October 18, along with three other local leaders. The event celebrates the construction industry and recognizes individuals for their lifetime contributions to the industry and to the civic, aesthetic, and economic well-being of the Greater Cincinnati Region. The Spirit of Construction supports civic, educational, and training ventures for youth with proceeds from its annual Celebration of Construction gala. Last year it contributed more than $175,000 for college scholarships and to area nonprofits that sponsor construction education programs. For sponsorship and ticket information, contact: Tony Brunsman, coordinator, at [email protected] ### Contact: Tony Brunsman, gala coordinator Spirit of Construction Foundation PO Box 14239 Cincinnati Ohio 45250 513.382.4315 www.spiritofconstruction.org
Miller-Valentine Group employees across Ohio have been collecting food items for the last three weeks to support families in need. Over 4,000 items were collected, including pet food, and shipped to local food pantries to help fill shelves before the busy holiday season. Miller-Valentine Helping Hands is an internal initiative whose mission statement is “to provide opportunities to engage our diverse Associate population in community service”. This effort reflects the Corporate Belief of “Being a model corporate citizen in the communities we serve”. Miller-Valentine Group’s “Helping Hands” initiative supports area food banks and animal shelters.
Miller-Valentine Group is pleased to announce the renovation of One Lincoln Park, Dayton’s Premier Retirement Community, located at 590 Isaac Prugh Way. The renovation will include the expansion of the main lobby and transportation office. One Lincoln Park’s lobby will be redesigned to create a new receptionist area and add a “Living Room” – an elegant and cozy gathering area for our residents, family members, and guests. The new Living Room will have a fireplace, a big screen TV, and a player piano. “We are excited to be able to offer such a beautiful gathering space to our residents and their families”, said Ana Paner-Johnson, Executive Director. “This renovation will feature upscale, yet comfortable amenities that our residents will appreciate and enjoy. One Lincoln Park will continue to be a place that they are excited to call home.” The Transportation Office will be expanded to accommodate the increased demand for this valuable service to its residents. The Transportation Department is currently staffed with 13 chauffeurs who drive a fleet of 6 luxury cars and a 14 passenger bus, which takes residents to anywhere within a 15-mile radius 7 days a week from 8:00 a.m. to 5:00 p.m. Complimentary valet service (more)
Miller-Valentine Group is proud to be a contributor of and offer support towards local community goals within the Newton, Iowa area by announcing the development of Newton Place Apartments; an apartment home community designed exclusively for adults 62 and over, located at 222 North 4th Avenue West. Newton Place Apartments is now accepting applications! This beautiful, smoke-free community of two bedroom, one bath apartment homes will serve adults 62 and over who desire high-quality, affordable rental housing. In this pet friendly community, residents will enjoy contemporary floor plans and amenities you would expect to find in an upscale home, at an affordable price: gourmet kitchens with breakfast bar/island, brand new energy-efficient appliances, exceptional closet space, central air conditioning; a laundry room which includes a full-size washer and dryer, and plenty of extra storage! Newton Place will offer several other amenities which separate them from their local competition; a fitness center, media/gaming room, business center; and a large multi-purpose community room with a kitchen and dining area, where residents will be able to enjoy the companionship of friends and family. Unlike other apartment communities, Newton Place has a personal attention, exceptional move-in and maintenance response commitment that are made to every (more)
Ashley Grove Apartments will begin accepting applications in September of 2014 and plans to open its doors in winter 2015. This beautiful, brand new community of one and two bedroom apartment homes and two bedroom villas will serve adults 55 and over who desire high-quality affordable rental housing. In this pet-friendly community, residents will enjoy contemporary floor plans and amenities you would expect to find in an upscale home, at an affordable price: gourmet kitchens with breakfast bar/island, brand new energy-efficient appliances, full-size washer/dryer connections, exceptional closet space, and central air conditioning. The villa homes even include attached garages along with a private patio! When entering the first floor of the main building, you will find a fitness center; clothes care center; media room; business center; and community room with a kitchen/dining area which will allow residents to enjoy the companionship of friends and family. Unlike other apartment communities, Ashley Grove Apartments 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 Ashley Grove Associates take care of the hassles of apartment living. Brian McGeady, Partner & President of Miller-Valentine Affordable (more)
Renovation has begun on the former General Motors plant in Moraine, Ohio for Fuyao, an auto glass manufacturer. Tasks involved in the current phase of this multi-phased project include the filling of trench pits as well as installing conveyor system trenches for new equipment. The renovation of this facility will have a positive impact on the community, bringing up to 800 new jobs to Moraine.
Too busy to bother with ‘thank you’? Try telling Miller-Valentine CEO Spending an entire career with one company is becoming increasingly rare. But Bill Krul, CEO of Miller-Valentine Group, has done just that. For 44 years, starting out in the field, Krul has worked for one of Southwest Ohio’s most prolific developers. “The company has gone through a lot of changes,” Krul said during a sit-down interview at Miller-Valentine’s offices in Deerfield Township. Founded 50 years ago, the company started building highways and bridges in Dayton. Today, Miller-Valentine is an 800-employee company with offices in Dayton, Cincinnati, Columbia, S.C., and Charleston, S.C. The company ranks No. 1 on our commercial real estate developers list on Page 20. The company is involved in just about every aspect of real estate, from construction and development to property management and financing, for both commercial and residential markets. The company’s stat sheet is impressive: 80 million square feet of commercial space, 149 multifamily communities totaling more than 13,000 units and commercial projects in 22 states. It’s the company’s diversity of skills that have allowed Miller-Valentine to thrive during good times and survive during the bad times, Krul said. Even though Krul doesn’t call Cincinnati (more)
Miller-Valentine Group is proud to be a contributor of and offer support towards local community goals within the Fort Worth, Texas area by announcing the development of The Reserve at McAlister; an apartment home community designed exclusively for adults 55 and over, located North of McAlister Rd & East of Hemphill Road. In this pet-friendly community, residents will enjoy contemporary floor plans and amenities you would expect to find in an upscale home, at an affordable price: fully-equipped gourmet kitchens with breakfast bar/island; brand new energy-efficient appliances, exceptional closet space, oversized bathrooms, central air conditioning, and a laundry room with plenty of extra storage! The Reserve at McAlister will offer several other amenities which separate them from their local competition; a fitness center, clothes care center, media/gaming room, business center, and a large multi-purpose community room with a kitchen and dining area. The community grounds will include a swimming pool and outdoor picnic area allowing residents to enjoy the weather and companionship of friends and family. Unlike other apartment communities, The Reserve at McAlister 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 (more)
Miller-Valentine Group is proud to contribute and offer support towards local community goals within the Huntington, Indiana area by announcing the development of The Park Lofts at Huntington; an apartment home community designed exclusively for adults 55 and over, located at 41 East Park Drive. In this pet friendly community, residents will enjoy contemporary floor plans and amenities you would expect to find in an upscale home, at an affordable price: gourmet kitchens with pantry and breakfast bar/island; brand new energy-efficient appliances, exceptional closet space, oversized bathrooms, central air conditioning; a laundry room which includes a full-size washer and dryer, and plenty of extra storage! The Park Lofts at Huntington will offer several other amenities which separate them from their local competition; a fitness center; media/gaming room; business center; and a large multi-purpose community room with a kitchen and dining area, where residents will be able to enjoy the companionship of friends and family. Unlike other apartment communities, The Park Lofts at Huntington 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 The Park Lofts Associates take (more)