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CAA advocating on your behalf — Illinois General Assembly update
The Illinois General Assembly is back this week from a brief hiatus prior to the Illinois primary election. Although legislators have introduced more than 3000 bills since the start of the session in January, they have not seen many of those bills advance out of the Rules Committee or other substantive committees to be considered on the floor of the Illinois House or Senate. In general, the pace of the legislative process has been slow, with many cancelled committees and session days — not untypical for the second year of the biennial General Assembly session.
We do, however, continue to work on a few issues of concern to members of the CAA.
Golfer registration available
Registration now open for CAA Outing Golfers. Click on the Golf Outing page of the CAA website for golfer information and online/forms for registration. Sponsorship information coming soon.
Welcome new members!
CAA membership renewal grace period ends April 1
If you have not yet renewed your membership for 2014, please know that payment must be received by April 1 in order to avoid a lapse in your benefits. If you have questions or to make a payment, contact Andrea Brady at email@example.com or 312-207-1890 x5.
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April is National Fair Housing Month! Plan to attend Know the Facts about Fair Housing Session on April 24
As The Recognized Leader for Advocacy and Resources to the Multifamily Industry in Chicago and Illinois, we recognize that being fair is the law, and clients depend on us to help reduce the risk associated with fair housing issues through awareness and education.
Join us April 24 as we cover Advertising, Fair Housing Laws, Disability Issues, Penalties and Discussion Scenarios at the Chicago Chapter Appraisal Institute at 8:30 a.m.
Session instructor: Marian Honel, Manager, Fair Housing Division of the Illinois Department of Human Rights.
Registration is now open!
2014 survey open for participation
The 2014 NAA Survey of Income & Expenses in Rental Apartment Communities is open for participation. This year marks the 26th anniversary of the survey. No other single source of apartment industry specific economic analysis can provide as valuable, accurate financial and benchmarking information. You can use this data to not only compare your performance against your peers regionally and nationally, but utilize this information for various strategic budgeting or planning initiatives.
||Complete Course Calendar
||Certified Pool-Spa Operator (CPO®) Course & Exam
||8:30 a.m. - 4:30 p.m.
CAA Office, 557 W. Randolph, Ste. 201, Chicago
||"Pop Up" Legal Seminar [Suburban]
||8:30–11:30 a.m. |
JC Restoration 3200 Squibb Ave. Rolling Meadows, Ill.
||Cook County Property Taxes
||8:30-10 a.m. |
CAA Office, 557 W. Randolph, Ste. 201, Chicago
||Know the Facts about Fair Housing — 2014 Update
||8:30-11:30 a.m. |
Appraisal Institute, 205 W. Wacker Ste 202, Chicago
||The Importance of Curb Appeal
||8:30-10:30 a.m. |
CAA Office, 557 W. Randolph, Ste 201, Chicago
Sponsored by: Landscape Concepts Management
South Loop to land big new apartment building
Crain's Chicago Business
As he wraps up apartment projects in Old Town and Wrigleyville, developer Jim Letchinger is preparing to launch an even bigger one in the South Loop.
Mr. Letchinger said he plans a 469-unit tower at 1000 S. Clark St., just north of the Target store on Roosevelt Road. He is "very, very close" to securing a construction loan for the development, which he would build in a joint venture with lender iStar Financial Inc. iStar which took the property back from its prior owner in 2011.
What $1,000 will get you in a new apartment
What can $1,000 bring you in an apartment rental?
It's a question more Americans ask every day. According to the National Association of Realtors, there are 40 million renters in the U.S. today, but that number should rise by another 6 million over the next 10 years as homeownership grows too expensive for many Americans.
Public housing high-rises to become part of the past in St. Louis
St. Louis Post-Dispatch
Inside the brown brick high-rise, the notices have been delivered.
Soon, the building just north of Grand Center is coming down. Residents such as Davonda McElroy are being relocated to other locations run by the St. Louis Housing Authority.
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Market snapshot: New jobs and rental stock do little to shake up stabilizing California apartment market
Multi-Housing News Online
As we embark on 2014, it seems that the "status quo" of Los Angeles' apartment market that we've seen over the past couple of years will continue. With jobs set to pop up around L.A. County in all major sectors, and construction providing a steady influx of new units for the city's apartment stock, the city will continue its streak of stabilization that began in 2012.
Missed last week's issue? See which articles your colleagues read most.
4 proven tricks to get Facebook likes on your business posts
By Emma Fitzpatrick
Getting likes on your business's Facebook posts may seem like throwing spaghetti against the wall. You know some sticks and performs really well, while others just flop. As far as the why, it's a mystery. Thanks to a recent study, part of the mystery has been cracked. Trust us, using these scientifically supported tips and tricks will help you get more bang for the same amount of time spent. Learn the top four data-proven tricks to help your posts on your business's Facebook page get more likes, comments and impressions below.
Charlotte apartment construction surges to all-time high
The Charlotte Observer
New numbers from a research company are confirming what anyone can see in a drive around Charlotte: Apartment construction in the city is at an all-time high.
Some in the real estate community say Charlotte might be on the verge of an apartment market bubble. But apartment complex builders say strong job growth and a rising population will keep the market thriving.
Flurry of apartment development leaves NoMa with high vacancy rate
The Washington Post
NoMa, a moniker for the D.C. neighborhood north of Massachusetts Avenue and east of Union Station, has come a long way since the 2004 opening of the New York Avenue Metro station.
Once the Metro station (now called NoMa-Gallaudet University station) opened, crumbling old industrial buildings and parking lots were soon replaced by new buildings containing a mix of office, apartment and retail space concentrated around the station.
Mindfulness in managing risk
By Dr. David Hillson
Mindfulness has its roots in Eastern religion. It is also used therapeutically to treat a variety of psychological conditions, as well as in coaching to encourage excellence in healthy people. Used properly, mindfulness can also make our risk management more effective. Being mindful means bringing your complete attention to your current experience on a moment-to-moment basis, being aware of everything in your surroundings, acknowledging what is there and accepting it as valid. So how can this help us to manage risk better?
CAA In Focus
Colby Horton, Vice President of Publishing, 469.420.2601
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