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Today is the last chance to sign up for the second annual event. Budget time is around the corner — don't miss out on this last opportunity to meet with decision makers. Register here.
Save the date — Preview 2014, an apartment industry forecast breakfast
Oct. 11 at the Union League Club Chicago
For more than 15 years the Chicagoland Apartment Association has annually hosted our Preview Breakfast, a forecast of the apartment industry, to provide owners and managers with valuable information on market trends for the upcoming year. While many have copied our format none have duplicated it.
Our owner's panel is Metro Chicago rental market representative, including city and suburban owners as well as the independent and affordable rental housing owner perspective.
Nationally recognized economist James Glassman, JP Morgan Chase, will make economic market trends understandable to the rental housing market attendees.
Our good friends from Appraisal Research, Ron DeVries and Gail Lissner, will share the most up-to-date analysis of transactions, planned developments and rent trends in both the city and suburbs.
CAA President, Greg Lozinak will give a brief update on legislative trends and CAA actions on behalf of the industry to protect private property rights and minimize the economic impact on our industry.
CAA is the Recognized Leader for Advocacy and Resources to the multifamily industry.
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Bed Bug Essentials
Understand your options: Understand a bed bug's weakness against heat and chemical treatments. See first hand how specially trained canines can detect bed bugs hiding from you. Register today!
Apartment All Stars is back! Save the date; sign up today!
For the first time in several years, this unique blend of national speakers returns to Chicago for an innovative and motivating leasing seminar to help you get ahead of leasing trends to compete in today's rental market. Join us Sept. 25 at U.S. Cellular Field Conference Center (free parking) and stay in the game!
3rd annual Maintenance Mania Competition & Education Conference: Save the date; sign up today!
On Nov. 14, more than 100 multifamily maintenance technicians will come together at JC Restoration in Rolling Meadows to share best practices and compete in skill-based table games (in addition to a pinewood derby). Registration is now open and sponsorships are available and selling fast. Don't miss the opportunity to support and cheer on some of our industry's most valuable players!
Crowning touch for Chicago high-rise apartment project
The 42-story luxury high-rise apartment community 73 East Lake, under construction in Chicago's Loop, has been topped off. The announcement was made by the developer, Chicago-based M&R Development."The luxury rental market is especially strong right now in nearly every major market, including Chicago," Anthony Rossi Sr., president of M&R Development and RMK Management Corp., tells MHN. "The city has emerged as a business leader globally and continues to see positive job growth."
Let's get ready to condo
Crain's Chicago Business
Developers are starting to think the unthinkable.
With downtown condominium sales up 50 percent this year and the supply of unsold units finally dwindling, developers are looking toward the first big condo project since the housing crash. Their hopes are fueled by a broader rebound in the local housing market, where new-home sales are on pace to reach their highest level since 2008. Gradual job growth is perking up sales, while record apartment rents make it cheaper to buy despite rising mortgage rates.
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Roommates app aimed at match-making takes on Chicago stereotypes by neighborhood
The Huffington Post
Not every Chicago roommate situation works out as well as "Perfect Strangers," but a newly launched app could help roommmate seekers avoid their own personal "Single White Female."
Recently, rental search engine startup ApartmentList.com launched their Roommates app for Chicago (and also Los Angeles, Boston and New York City) as a social media powered means of reducing what Apartment List CEO John Kobs calls the "pain" of finding someone with whom to share your digs.
Will micro-housing catch on in DC?
The Washington Post
Graduating college is a rite of passage for many, a stepping stone for some, but for most it means no longer living in a tiny, box-like dorm room. Now, some developers are looking to challenge that concept.
They hope to attract recent graduates who are looking to branch out after spending four years sharing space with a roommate. Over the past 40 years, the number of households made up of one person has increased by almost 60 percent, according to the census. Single-person households now top out at 27 percent of all households nationwide.
DoNotRent.com: A Yelp for apartment hunters
Ever rent an apartment and wish you had known what to expect before you signed a lease? Wouldn't it be great if you could read reviews ala Amazaon or Yelp from former tenants? Maybe a handy rating system? What about a handy phone app? Unfortunately renting an apartment is one of those things that is still a little behind the technology curve. Generally speaking most renters either stay put because they like their landlord and/or apartment and moving is a hassle, or they move on because of other life events like relocation or buying a home of their own. But what about avoiding those difficult landlords?
Do rising rents mean it's time to buy?
Crain's Chicago Business
Deciding whether to rent or buy involves a complex mix of variables, but soaring rents and recovering home prices have made ownership more compelling to many Chicago-area residents. While local home prices are edging up again relative to rents, the homeownership rate is still near its lowest level since the crash. In one River North tower, the cost of owning a condominium is about $300 less than the cost of renting a similar one.
Urban development in Pittsburgh surges for 1st time since 1960s
Sota Construction Service finished the Locomotive Lofts in Lawrenceville recently. Renters have snapped up close to half of the 34 apartment units available, a sign that demand remains strong amid what developers say is a historic boom in apartment construction. "There's been a good influx of people wanting to move to city dwelling," said Phil Ford, vice president of business development at the Ross-based firm. Sota just started another apartment project, converting the abandoned Prospect Middle School in Mt. Washington into 67 loft apartments.
Is Facebook advertising right for your business?
By Liz Murphy
After Facebook's flat IPO performance and concerns surrounding the social network giant's ability to profit from their expansive mobile user base, the company's recent second-quarter earnings report was a welcome surprise to investors and stakeholders. But many business owners still have questions about whether to try their hand at Facebook advertising, in spite of the positive turn. Facebook offers a variety of ways to advertise, as well as customization options to control how much you spend and who sees your message. If you're thinking of advertising your brand on Facebook, here are four tips to help you get started.
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