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IN THIS ISSUE

CAA News
  • Trade Show pre-event registration ends Wednesday
  • CAA-supported judicial discretion ordinance introduced
  • Don't miss CAMME Awards' early bird entry deadline
  • Golf outing is fast approaching
  • Save the date — Business Exchange
  • Welcome new members!


  • Education In Focus
  • Energy Benchmarking Update & Networking Reception


  • Industry News
  • Congress's 'Great Awakening' benefits industry
  • Zumper: Chicago now has 7th highest rent prices in country
  • University of Chicago selling off more than 600 apartments
  • Chicago land sale would pave way for South Loop apartment tower
  • Millennials are renting in cities but buying country houses







  • Trade Show pre-event registration ends Wednesday
    CAA
    All management company employees: make sure to register by close of business Wednesday, April 8 to have your name badge pre-printed & available on-site for you and avoid registration lines!! After April 8 you will need to register on-site the day of the show.

    Don't forget to download our event app (Instructions available here) before the show to view/participate in our contest/prizes.

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    CAA-supported judicial discretion ordinance introduced
    CAA
    Here is a summary of the two new ordinances introduced at the March 18 City Council meeting. The first would allow for judicial discretion in cases involving security deposit violations, and the second amends the Keep Chicago Renting Ordinance, intended to provide protection for tenants in foreclosed properties. CAA's Legislative Committee will review these initiatives at its next meeting on April 9th.
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      FEATURED COMPANIES
    ComEd
    Commonwealth Edison Company (ComEd) provides electric service to approxiately 3.8 million customers across northern Illinois, or 70 percent of the state's population. Learn more about Smart Meters. MORE
    All Nation Renovation Inc
    All Nation Renovation provides a full spectrum of construction and renovation services, including major interior and exterior rehabs, customized paint projects and fire or water restorations. MORE


    Don't miss CAMME Awards' early bird entry deadline
    CAA
    The entry forms and categories for the 2015 CAMME Awards are available on the CAMME Web page. All entries submitted by the April 24 early bird deadline will be entered into a raffle to win a (7 available) $50 gift card for places like Nordstrom & Starbucks!

    Interested in judging? We need your participation (especially if you work for a management company)! Click here for a judging volunteer form.

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    Golf outing is fast approaching
    CAA
    Golfer registrations and sponsorships are on sale for our May 15th outing at Cog Hill. Click here to register for golf and here for sponsorship details.
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    Save the date — Business Exchange
    CAA
    The Business Exchange will be held on Sept. 9 at the Hyatt Regency Chicago (151 East Wacker Drive). Please mark it into your calendars! Additional registration information will be issued when it becomes available.
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    Welcome new members!

    Associate Members
    Blackstone ATM
    Koeckritz Rugs, Inc.
    Sir Grout
    TZ Inc.

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    Last Day to REGISTER! Energy Benchmarking Update & Networking Reception

    April 8, 2015
    Maggiano's Chicago
    516 North Clark Street | Chicago, IL 60606
    3 p.m.-5:30 p.m.
    Cost: Members: $39.00 | Non-Members $59.00 Last Day to Register

    Panelists
    Amy Jewel, Senior City Advisor, City Energy Project
    Brennan Booms, Manager of Energy Services, AMLI Residential
    Brett Kraus, Senior Counsel Utility Services, Director of Energy Efficiency, Conservice
    Barney Pullam, CPM, Vice President-Business Process, Waterton Residential

    Workplace Violence Seminar | For Residential Property Management Professionals

    Wednesday, May 20, 2015
    Appraisal Institute Chicago Chapter | 205 W. Wacker Ste. 202| Chicago, IL
    Cost: Members: $39 | Non-Members $59
    Time: 8:30 a.m.-11:30 a.m. (coffee & breakfast snacks will be provided)
    Register Today!

    Presenters: Pam Paziotopoulos, Senior Vice President| Attorney, Forest Advisor Group
    John Busch, Protective Security Advisor, Dept. of Homeland Security

    April 8, 2015
    Energy Benchmarking Update & Networking Reception
    Maggiano's | 516 North Clark Street | Chicago, IL
    Register Here

    April 9-10, 2015
    Leasing Agent Licensing
    National-Louis Univ | 122 S. Michigan | Chicago, IL
    Register Here

    April 22, 2015 — Class Full — Second date class: June 10 and 11, 2015
    Certified Pool/Spa Operator Certified Program (CPO)
    CAA | 557 W. Randolph 2nd FL. | Chicago, IL
    Class FULL | Register Here June Class

    May 7, 2015
    Fair Housing for Maintenance Professionals
    CAA | 557 W. Randolph 2nd FL. | Chicago, IL
    Register Here

    May 13, 2015
    Lead Renovator Refresher Training (RRP)
    CAA | 557 W. Randolph 2nd FL. | Chicago, IL
    Register Here

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    Congress's 'Great Awakening' benefits industry
    By Greg Brown
    Apartment Industry Colleagues,

    I know you are as shocked as I am at the behavior of our Congress before they left for their spring break recess. Just when you thought they could do nothing more to surprise us, to stop us in our tracks, to make us question all that we know and thought we understood about our legislative process, they do something crazy. They actually brought up, debated and voted on legislation! But wait, there’s more! The House actually passed a solution to one of the toughest issues they have avoided for years – the Medicare payment standard for doctors – and it appears the Senate will follow suit in just a few weeks.

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    Zumper: Chicago now has 7th highest rent prices in country
    Curbed Chicago
    Chicago's apartment boom is a real thing, and according to a new report from apartment search website Zumper, Chicago is quickly climbing the ranks of priciest cities to rent in. According to their latest National Rent Report, Zumper ranks Chicago as the seventh most expensive city for renters in the country.
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    University of Chicago selling off more than 600 apartments
    DNAinfo
    The University of Chicago announced it will sell off 19 of its buildings, putting 690 units on the Hyde Park real estate market at once. The university said in a statement that it was selling off the 19 buildings and two vacant lots to "reinvest resources to support its teaching and research activities." The sale will most dramatically affect graduate students.
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    Chicago land sale would pave way for South Loop apartment tower
    Crain's Chicago Business
    Chicago developer Keith Giles plans to build a 24-story apartment tower on South Loop land he would buy from the city for $4.4 million. Mayor Rahm Emanuel introduced the potential land sale at 1136-40 S. Wabash Ave. to the City Council, according to a statement released from his office. If the sale is approved, Giles would spend $64 million developing a 280-unit apartment building on the parking lot that now stands on the 19,000-square-foot site, the statement said.
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    Millennials are renting in cities but buying country houses
    Main Street
    Buying a vacation home is not just for soon-to-be-retirees. Younger buyers, too, are now looking to the second-home market as a real estate investment opportunity and in some cases buying a vacation home first before their primary residence. The National Association of Realtors finds that the average age of a vacation homebuyers dropped to 43, compared to 61 years from over a decade ago in 2003 when the organization first started collecting data for its annual Investment and Vacation Home Buyers Survey.
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    CAA In Focus
    Colby Horton, Vice President of Publishing, 469.420.2601
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    Esther Cho, Content Editor, 469.420.2671  
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