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CAA EVP Judy Roettig's Retirement Reception
The CAA Board of Directors invites you to join us for CAA EVP Judy Roettig's Retirement Reception from 4-7 p.m Nov. 19 at New Line Tavern, 211 N. Clinton St., Chicago. Appetizers and soda will be provided, the bar is cash. Please RSVP to Jessica at Jessica@caapts.org.
Maintenance Mania — don't miss it!
Join CAA and HD Supply on Nov. 14 at JC Restoration in Rolling Meadows as more than 80 maintenance professionals from the Chicagoland area compete in skills based challenges. Registration is still open and sponsorship opportunities are available, but selling quickly!
Come cheer on your maintenance team; spectators encouraged and attend for free! For additional information, click here.
Lapsed CAM designate? Here's your chance to earn your certification!
In conjunction with the National Apartment Association Education Institute, the Chicagoland Apartment Association is giving people who started but did not a complete the Certified Apartment Manager program a second chance to earn their CAM designation by taking advantage of the new CAMnesty program. Click here to learn more.
In a healthy apartment market, pockets of worry
The New York Times
Over the last year, the apartment developer Arnie Gregory has opened 236 units in two early 1900s warehouses in the trendy downtown Minneapolis North Loop neighborhood. All are full and fetching higher-than-expected rents by about 25 cents a square foot. But a 171-unit development opening later this year in the urban Lyn-Lake neighborhood south of downtown may be his last for a while, amid growing unease that apartment construction may outpace demand.
MBA chairman testifies on multifamily housing finance reform
E.J. Burke, chairman-elect of the Mortgage Bankers Association, testified recently before the U.S. Senate Committee on Banking, Housing and Urban Affairs at a hearing titled "Housing Finance Reform: Essential Elements of the Multifamily Housing Finance System."
Here is a copy of Burke's oral testimony, as prepared for delivery.
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Apartment business centers: All work and play
Not long ago, apartment business centers were best described as all business. Today, new workspace amenities blur the line between business and leisure.
Mobile technology has prompted a rethinking of traditional business centers. They used to be isolated, windowless rooms dedicated to high-speed Internet connections, and printing and faxing documents.
5 reasons every employer should have job descriptions
By D. Albert Brannen
No state or federal law requires job descriptions. However, job descriptions can be helpful tools for employers for both practical and legal reasons. If you do not have accurate and up-to-date job descriptions in place for all of your employees, you should get them as soon as practical. This article will outline five of the many ways in which job descriptions can benefit employers.
Americans flock to multifamily properties
Multifamily construction remained stronger than single-family construction across the majority of districts in the Federal Reserve's latest Beige Book, an anecdotal report from the Federal Reserve District and Banks. Overall in single-family housing, things slowed considerably since June, when all districts reported housing strength.
Rental study shows young adults leaving nests
Attention, parents of boomerang children: Those young adult children of yours who returned home to the family roost — sometimes to the discomfort of all — appear to be starting to build their own nests.
These 20-somethings (or even older adult children) may be one of the enduring images of the recession: Educated but unemployed or underemployed, legions of them were reported to have given up on being able to afford their own apartments and moved back into their old bedrooms, down the hall from mom and dad.
Gen Y struggles in expensive housing, rental market
Some of Generation Y is rebelling against an uphill battle of purchasing affordable homes or securing reasonable rentals by moving into nontraditional alternatives like cars, boats and collective houses. Steep prices and precarious employment can make it difficult for millenials to find suitable rentals or buy property.
"The housing market did not even feel like an option for me — not even remotely," says Danica Brown, a 26-year-old professional who makes $36,000 annually and has no student loans. She lives on a boat she went into debt to purchase and hopes to pay it off in five years, resell it and use the funds as a down payment on a house.
Missed last week's issue? See which articles your colleagues read most.
CAA In Focus
Colby Horton, Vice President of Publishing, 469.420.2601
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