This message contains images. If you don't see images, click here to view.
Advertise in this news brief.




Text Version    RSS    Subscribe    Unsubscribe    Archive    Media Kit April 08, 2014

Home   Join CAA   Calendar   Education   Legislative   Resources   Publications   Contact Us      


 

IN THIS ISSUE

CAA News
  • 2014 Buyers Guide verifications — check your listings
  • Golfer registration and sponsorship open
  • Illinois House rejects electronic rent payment prohibition bill
  • Bill to curb fire marshal jurisdiction on sprinkler rules advances
  • Finish line possibly in sight for one top industry issue
  • Welcome new members!


  • Education In Focus
  • 'Pop Up' Legal Seminar
  • Know the Facts about Fair Housing — 2014 update
  • The Importance of Curb Appeal
  • National Apartment Leasing Professional


  • Industry News
  • Demand for downtown apartments growing fast
  • Fannie-Freddie elimination model seen with apartments: Mortgages
  • Planned Loop apartment conversion takes a step forward
  • Finance trends: Multifamily finance trends and HUD
  • Wicker Park Landmark District Project halted, for now
  • Andrews: How Fannie Mae found success in the multifamily business
  • Easier financing rejuvenates downtown apartment market
  • Dunne firm challenges call for changes to luxury New York apartment plan
  • 10 tips for buying apartments in new developments







  • 2014 Buyers Guide verifications — check your listings
    CAA
    Are you a CAA Associate member? Are you sure your company is listed in the appropriate categories in our Buyers Guide? The 2014 edition will be going to print at the end of April. Take the time now to review your company profile and update it. You are allowed to select up to three categories.
    Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
    READ MORE


    Golfer registration and sponsorship open
    CAA
    Registration now open for CAA Outing Golfers. Click on the Golf Outing page of the CAA website for golfer and sponsor information as well as links for online/forms for registration.
    Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
    READ MORE


    Illinois House rejects electronic rent payment prohibition bill
    CAA
    The Illinois House of Representatives rejected legislation recently that would have prohibited property owners from requiring that rent payments be made electronically. HB 4211, sponsored by Rep. Jack Franks, D-Mokena, was defeated 65-45-1. Aside from prohibiting owners from requiring electronic payments, the bill would have prohibited landlords from charging a reasonable fee for the administrative costs associated with processing rent payment received via check or other non-electronic means.

    CAA believes that government should not interfere with private commerce. The fast-changing technology associated with electronic commerce has revolutionized our economy.

    Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
    READ MORE


    Bill to curb fire marshal jurisdiction on sprinkler rules advances
    CAA
    HB 4609, a bill introduced by Rep. Sara Feigenholtz, D-Chicago, and supported by CAA, was approved by the House Committee on State Government Administration. The bill establishes a Task Force on Fire Prevention and Fire Safety with nominees appointed by the governor from a broad range of affected industries and citizens. The purpose of the Task Force is to research, analyze and consider the benefits and costs of fire sprinkler systems within high-rise buildings, as well as to provide public education pertaining to fire drills and other prevention measures. It will examine collaboration between local governmental bodies and state agencies. The Task Force is to report back to the Illinois General Assembly by July 15, 2015.
    Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
    READ MORE


    Finish line possibly in sight for one top industry issue
    Greg Brown
    March was a big month for two of the top federal legislative issues that could impact the apartment industry's future — housing finance reform and tax reform. In each case, a long-anticipated legislative proposal was released by a committee chairman. Neither one has universal support at the moment and both have their critics. The outlook for one is much, much brighter than the other but still faces significant hurdles. Regardless of the ultimate outcome for either one, they will both shape certain parts of the debate going forward this Congress or even into the next.
    Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
    READ MORE


    Welcome new members!

    Associate member Owner/management member
    Apartment List BMOC Inc.
    ComEd First Site, Ltd.
    Magnum Energy Solutions, LLC.
    MPM Contractors, Inc.
    Purchasing Platform

    Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article


      FEATURED COMPANIES
    Bed Bug Elimination Specialists

    Prep X provides real solutions.  We provide true integrated pest services offering skilled preparation, heat chambers and after a pest service we do put the bed back so your resident can use that evening!  Please click here for more information or email or call (312) 339-5032.


    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




    'Pop Up' Legal Seminar
    CAA
    8:30-11:30 a.m. April 22
    $89
    JC Restoration 3200 Squibb Ave. Rolling Meadows

    Just like a "pop-up" retail store, we'll be open for the morning to offer you focused and concise information that you can take back to your apartment communities. Our morning workshop will be divided into 30-minute topic discussions with an attorney presenting on each topic: Eviction Process Essentials; What You Should Know About Lease; Service and Companion Animals; Dealing with Disruptive Tenants; Illinois Safe Homes Act. Presenters include: Law Offices of David K. Barhydt, David K. Barhydt, Drew E. Baker, Amy E. Olson, Chelsea N. Bossenbroek Loeffler, Thomas, Touzalin, LLP Todd H. Thomas. Join us for a lively morning! Register here.

    Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article


    Know the Facts about Fair Housing — 2014 update
    CAA
    8:30-11:30 a.m. April 24
    $69
    Appraisal Institute, 205 W. Wacker Ste 202, Chicago

    April is National Fair Housing Month! Plan to attend Know the Facts about Fair Housing session on April 24. Join us as we cover Advertising, Fair Housing Laws, Disability Issues, Penalties and Discussion Scenarios. The session instructor will be Marian Honel, manager, Fair Housing Division of the Illinois Department of Human Rights. Register here.

    Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article





    The Importance of Curb Appeal
    CAA
    8:30-10:30 a.m. April 29
    $19
    CAA Office, 557 W. Randolph, Ste 201, Chicago

    The rental market in Chicago is a fierce battle between numerous outstanding management firms. How do you attract the right people, how do you retain their business? It starts with curb appeal, branding and giving your property the superior presence that draws the potential resident in for more! Presentation by Landscape Concepts Management. Register here.

    Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article


    National Apartment Leasing Professional
    CAA
    8:30 a.m. - 4 p.m. May 14, 21 & 29
    CAA Office, 557 W. Randolph, Ste 201, Chicago

    The National Apartment Leasing Professional designation is the premier educational offering for leasing personnel and a great way to jump-start your career. At the end of the program, successful candidates are awarded a nationally recognized leasing certification. Register here.

    Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article


    UPCOMING COURSE SCHEDULE

    Date Event Location

    Complete Course Calendar
    April 16-17 Certified Pool-Spa Operator (CPO®) Course & Exam 8:30 a.m. - 4:30 p.m.
    CAA Office, 557 W. Randolph, Ste. 201, Chicago
    $325
    Register/more info
    April 22 "Pop Up" Legal Seminar [Suburban] 8:30–11:30 a.m.
    JC Restoration 3200 Squibb Ave. Rolling Meadows, Ill.
    $89
    Register/more info
    April 23 Cook County Property Taxes 8:30-10 a.m.
    CAA Office, 557 W. Randolph, Ste. 201, Chicago
    $19
    Register/more info
    April 24 Know the Facts about Fair Housing — 2014 Update 8:30-11:30 a.m.
    Appraisal Institute, 205 W. Wacker Ste 202, Chicago
    $69
    Register/more info
    April 29 The Importance of Curb Appeal 8:30-10:30 a.m.
    CAA Office, 557 W. Randolph, Ste 201, Chicago
    Sponsored by: Landscape Concepts Management
    $19
    Register/more info




    Demand for downtown apartments growing fast
    Crain's Chicago Business
    Chicago has the fastest-growing downtown in the United States. From 1990 to 2010, the population grew more than 114 percent to 142,000 people. As well, the downtown area added about 57,000 housing units in the last 16 years — an average of 3,560 units a year, according to HFF Chicago. The condo boom years of 2003 to 2007 have been replaced by rental apartment construction as the primary renters, millennials (those ages 20 to 34), prefer to rent than own.
    Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
    READ MORE
    Looking for similar articles? Search here, keyword DOWNTOWN.


    Fannie-Freddie elimination model seen with apartments: Mortgages
    Bloomberg Businessweek
    The apartment-lending units of Fannie Mae and Freddie Mac were among their few money makers after the U.S. housing collapse. Now they should help transform the U.S. mortgage industry. Lawmakers seeking to eliminate the two government lenders, which were seized by regulators during the 2008 credit crisis, see an antidote to the reckless lending that blew up the U.S. housing market in the structure of the firms' multifamily operations, which share risks with lenders.
    Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
    READ MORE


    Planned Loop apartment conversion takes a step forward
    Crain's Chicago Business
    After buying the Oriental Theatre office building last month, developer John T. Murphy is in talks with lenders to finance his planned conversion of the Loop tower into 230 apartments. Murphy said he aims to start the project at 32 W. Randolph St. this summer and complete it in early 2016. He leads a group of investors that acquired the 22-story vintage building on March 28.
    Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
    READ MORE


    Finance trends: Multifamily finance trends and HUD
    Multi-Housing News Online
    The multifamily sector has experienced substantial growth over the past few years, outperforming its sister commercial sectors — office, industrial and retail. With multiple factors at play, the general consensus regarding the strength of the apartment market includes the lack of (or challenges to finding) financing for home purchases, lackluster employment growth, and the economic downturn in general, which has made demand for rental housing more significant.
    Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
    READ MORE


    Wicker Park Landmark District Project halted, for now
    DNAinfo Chicago
    A proposed development in a landmark district of Wicker Park won't be moving forward — for now — after some members of Chicago's landmarks commission heard arguments for and passionate pleas against the plan in City Hall recently. The question is whether an empty lot — or a side yard, depending on who you ask — next to a 1890s-era greystone in the 2100 block of West LeMoyne Street is available for home development or deserves protection as an open green space.
    Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
    READ MORE


    Andrews: How Fannie Mae found success in the multifamily business
    Greater Baton Rouge Business Report
    In recent columns we've looked at the proposed legislation aimed at restructuring Fannie Mae and Freddie Mac, the two government-sponsored enterprises currently under the control of the Federal Housing Finance Agency. You probably know Fannie and Freddie in the context of their single-family business, whereby they buy single-family mortgages from banks and residential mortgage companies to return liquidity to the market. What you might not know is that Fannie and Freddie are also active in the commercial segment, providing liquidity for multifamily properties in much the same way.
    Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
    READ MORE


    Easier financing rejuvenates downtown apartment market
    Crain's Detroit Business
    Seven years have passed since The Roxbury Group first proposed an 80-unit condominium development downtown. But with an easier road to financing for Detroit apartments than condos — because of lender acknowledgment on the increased demand for central business district rental units — the Detroit-based developer now has its eyes set on The Griswold becoming a $22 million apartment development instead.
    Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
    READ MORE


    Dunne firm challenges call for changes to luxury New York apartment plan
    RTE
    The company, TJD21, in which John Dunne is a controlling shareholder, is currently applying for planning permission for a development in the Cast Iron Historic District in Soho. Developer Sean Dunne, who is involved in bankruptcy proceedings in the U.S., has previously admitted an involvement in the project while his wife Gayle also has an ownership interest. The company wants to develop a six-story building comprising retailers in the basement and ground floor and four luxury apartment units on the remaining five floors.
    Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
    READ MORE


    10 tips for buying apartments in new developments
    DNAinfo New York
    It takes a certain kind of buyer: someone willing to make big decisions after viewing just a floor plan — sometimes more than a year before the apartment is ready. "They have to trust us and trust the developers," Orrigo said, "and with that comes doing your research." Here are some tips from brokers on buying in a new development.
    Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
    READ MORE


    TRENDING ARTICLES
    Missed last week's issue? See which articles your colleagues read most.

        What $1,000 will get you in a new apartment (The Street)
    South Loop to land big new apartment building (Crain's Chicago Business)
    Only 2 weeks left to the Trade Show (CAA)
    CAA advocating on your behalf — Illinois General Assembly update (CAA)

    Don't be left behind. Click here to see what else you missed.
     

    CAA In Focus
    Colby Horton, Vice President of Publishing, 469.420.2601
    Download media kit

    Ashley Whipple, Senior Content Editor, 469.420.2642  
    Contribute news

    Chicagoland Apartment Association
    557 W. Randolph St. #201 Chicago, 60661
    Phone: 312-207-1890/Fax: 312-207-1890

    Be sure to add us to your address book or safe sender list so our emails get to your inbox. Learn how.

    This edition of the CAA In Focus was sent to ##Email##. To unsubscribe, click here. Did someone forward this edition to you? Subscribe here — it's free!
    Recent issues
    March 25, 2014
    March 11, 2014
    Feb. 25, 2014
    Feb. 11, 2014



    7701 Las Colinas Ridge, Ste. 800, Irving, TX 75063