CAA In Focus
Apr. 23, 2013

CAA Golf Outing — Friday, May 17, 2013
CAA
Since it's a Friday event, this year's golf outing is filling up fast. Reserve your tee now right here.More

Thank you 2013 Trade Show participants
CAA
Thank you to everyone that made the 2013 Trade Show & Education Conference a resounding success! Click here for a list of exhibitors and their contact information.


Congratulations to Home Properties for winning the CAA-N Construction contest again this year. Thank you to everyone that participated in the contest as well as the food drive for the Northern Illinois Food Bank.
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Certificate for Apartment Maintenance Technicians training
CAA
Register for the Certificate for Apartment Maintenance Technicians program, the only apartment maintenance certificate that has ANSI accreditation. CAMT is offered as a blended learning program, a combination of classroom and online learning. This program is sponsored by the National Apartment Association Education Institute and the Chicagoland Apartment Association.More

Survey: American attitudes transformed by housing crisis, changes in lifestyle
MacArthur Foundation
After decades of equating home ownership with the "American Dream," post-housing crisis realism about the risks and rewards of owning a home have led to greater support for rental housing and a more balanced approach in national housing policy, according to a new survey of housing attitudes released.More

The 2013 NMHC National Apartment Survey of Compensation now underway
NMHC
The 2013 NMHC National Apartment Survey of Compensation, the premier source for market-level apartment industry compensation data, is now underway. Published in partnership with Towers Watson Data Services, a world leader in market data analysis, the NMHC Survey covers more than 80 on-site and corporate position titles.

Benchmarking data is key to designing a strategic and competitive compensation program. The NMHC survey provides you with salary data presented by the following geographic breakouts:

  • national,
  • state level,
  • regional and sub-regional level
  • metro and consolidated metro area level

    In addition to salary information, the survey provides data on short- and long-term incentives, cash bonuses, annual increases, turnover, perquisites, work/life policies and more.More

    Chicago housing has busiest March in 5 years
    Chicago Tribune
    Almost 1,900 existing single-family homes and condominiums were sold within the city of Chicago last month, the busiest March for the local housing market since 2008. Prices improved, too, as the median price of a home sold within the city in March rose 9 percent from its year-ago comparison, to $187,500, the Illinois Association of Realtors reported.More

    The continuing apartment-building boom
    MarketWatch
    As credit remained tight and demand rose, apartment construction led growth for housing starts in March, government data indicates. Construction starts on buildings with at least five units rose to a seasonally adjusted annual rate of 392,000 in March, up 27 percent from February. Meanwhile, starts for single-family homes fell almost 5 percent. "As families are formed, the reality of income employment and credit availability are among the factors pushing people into rental properties that have been under-built in the past 10 to 15 years," wrote Steve Blitz, chief economist at ITG Investment Research, in a research note.More

    A missionary's quest to remake Motor City
    The New York Times
    The best way to experience all that is strange and a little otherworldly about downtown Detroit is to walk the streets around 5 p.m. on a weekday. At that hour, you'll notice not just the peculiarity of what is around you — notably, the gorgeous, Art Deco skyscrapers alongside empty, decrepit buildings — but also what is missing. There is no traffic here. It is just one small sign of how far Detroit's fortunes have fallen: the birthplace of the mass-produced automobile, the city that gave us the infuriating, bumper-to-bumper commute, is now so sparsely populated that it doesn't have a rush hour. Dan Gilbert would like to change that.More

    Should you use rental properties to fund retirement?
    The Huffington Post
    You may have heard that rental properties can be a great way to generate passive income. Rental properties can provide monthly cash flow, protect against inflation, and usually appreciate over the long term. Some retirees swear by rental properties instead of the usual stock and bond portfolio because they don't have to stomach the volatile stock market swings. Owning rental properties can help fund your retirement, but being a landlord isn't for everyone. Here's how to tell if a retirement property is the right fit for you.More

    Low-income apartment project reopens in Chicago
    Chicago Tribune
    Chicago community leaders are celebrating the reopening of an 89-unit apartment complex on the city's Near West Side. Mayor Rahm Emanuel recently announced the reopening of Harvest Commons apartments. The project is part of a nearly $3 billion investment in housing and economic development programs around Chicago.More

    How the trailer park could save us all
    Pacific Standard
    Emily Greenfield, an assistant professor at the Rutgers School of Social Work, who researchers elder-care networks, says a change is occurring under our feet, whether we see it or not: "Baby boomers have critical mass — they're covertly revolutionizing society again" as they retire. One of the biggest questions facing the nation with regard to aging boomers is: Where are they going to live?More

    City sells lot for planned $111 million apartment tower
    National Real Estate Investor
    The City Council voted recently to sell a parking lot at the corner of Ninth and State streets, in order to allow the development of a $111 million planned apartment tower in the South Loop. The city sold the 39,000-square-foot lot for $6 million to Ninth St. Investors LLC. A partnership of Golub & Co. and Solomon Cordwell Buenz has been trying to get city approval for more than a year to build a 39-story multifamily building.More

    Apartment investor buys South Loop office building
    Crain's Chicago Business
    Apartment investor Marc Realty Residential LLC paid $4.7 million for a vacant seven-story office building in the South Loop, a property poised for conversion to housing. An affiliate of the Chicago-based company acquired the 146,088-square-foot loft building at 2036 S. Michigan Ave., once home to a Studebaker showroom.More