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IN THIS ISSUE

CAA News
  • Time to Say Goodbye
  • 2014 Chicagoland Apartment Association Board of Directors notice to members
  • Register to attend NYKO and for limited sponsorship opportunities
  • Welcome new members!

  • Education In Focus
  • Hoarding Fundamentals for Today's Residential Property Professional

    Industry News
  • Buyers and renters find opportunities in tight market
  • Push is on for stricter fire safety penalties for landlords
  • Housing study workshops wrap up in Tri-Cities
  • Reinsdorf-backed developer plans 72 apartments in the West Loop
  • Why media tours still matter
  • Apartment sales slip as prices break records
  • What to make of those annual forecasts




  • Time to Say Goodbye
    Judy Roettig, EVP
    As you know by now, I'm retiring at the end of this year and while I'm not particularly good at goodbyes that time has come. One of my firm beliefs is that family and work are of equal importance. It was a difficult decision, but it's time for me to devote time to my family. I'm packing my bags to move cross country to my new home in South Yarmouth, Cape Cod. It's a quirky house with flexible space to accommodate sons, grandchildren, siblings or friends (not all at once). I'm excited about the change not to mention opportunities to grow professionally and personally. I still have a lot more to do and now I have the time to do it.
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    2014 Chicagoland Apartment Association Board of Directors notice to members
    CAA
    CAA is providing the required notice to members in good standing of the Executive Committee approved 2014 Board of Directors, in accordance with the CAA Bylaws. Please click here to read the announcement in full detail.
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    Register to attend NYKO and for limited sponsorship opportunities
    CAA
    Click here to register online or visit the NYKO event Web page for a faxable registration form. Sponsorships are limited and sold on a first-come, first-served basis. We look forward to seeing you there.
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    Welcome new members!
    CAA
    Associate members
    Bank Financial
    Chicago Real Estate Resources Inc.
    SportsArt America Inc.
    Weltman, Weinberg & Reis

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    Hoarding Fundamentals for Today's Residential Property Professional
    CAA
    9–11 a.m. Dec. 10
    CAA, 557 W. Randolph, Ste 201, Chicago
    Cost: $59
    Speaker: Dan Reynolds, president, Chicago Crime Scene Cleanup

    The knowledge and insight shared during this session can be extremely beneficial to those who interact with hoarders. Topics covered are hoarding defined, why people hoard, types of hoarders, psychology behind hoarding, triggers, dangers in hoarded homes, how to minimize anxiety, tools in dealing with hoarders, preparing for the cleanup, aftercare for the hoarder and a lot more. Be prepared and register today! Space is limited!

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    UPCOMING COURSE SCHEDULE

    Date Event Location

    Complete Course Calendar
    Dec. 4 & 5 Leasing Agent Licensing 8:30 a.m. - 5 p.m.
    801 Warrenville Road, Lisle, Ill.
    Type: Live session
    Dec. 4 The Reputation Management: Converting One's Negativity into your Opportunity Register/more info: Online only
    Type: Webinar
    Dec. 10 Hoarding Fundamentals for Today’s Residential Property Professional 9-11 a.m.
    CAA office 557 W. Randolph, Ste 201, Chicago
    Type: Live session
    Sponsorship opportunities
    Dec. 10 Interior & Exterior Maintenance Repair (CAMT) 9-11 a.m.
    Oakwood Shores, 3750 S. Cottage Grove, Chicago
    Type: Live class
    Dec. 10 Electrical Maintenance Repair (CAMT) 9-11 a.m.
    Oakwood Shores, 3750 S. Cottage Grove, Chicago
    Type: Live class




    Buyers and renters find opportunities in tight market
    Chicago Tribune
    Still sitting on the sidelines, waiting for the right time to buy or rent? Your patience might finally be rewarded. Despite the ups and downs in the Chicago real estate market, there are opportunities to find a home tailored for your needs and lifestyle. Just ask Dana and Jim Metz, who recently moved into a new house after looking for three years. They were motivated by low mortgage rates, finding the right property in their price range and discovering that they had to make a fast decision.
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    Push is on for stricter fire safety penalties for landlords
    The Patriot Ledger
    Norfolk County District Attorney Michael Morrissey and other prosecutors joined with state Rep. Bruce Ayers, D-Quincy, recently to urge state lawmakers to punish landlords renting dangerous illegal apartments with fines up to $15,000 and up to 2 1/2 years of jail time. A second offense would be punishable with a fine of up to $35,000 and up to five years in state prison.
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    Housing study workshops wrap up in Tri-Cities
    Chicago Tribune
    Public workshops to discuss future housing needs in the central Fox Valley wrapped up recently in St. Charles, where residents and staff expressed a need for more varied housing to accommodate current and future homeowners and renters of all ages. On Nov. 20, two aldermen and about 10 residents, all of whom were 45 and older, attended the St. Charles workshop — the final of three in the Tri-Cities region and part of the "Homes for a Changing Region" study, which looks at future housing trends and offers recommendations on how communities might meet them.
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    Reinsdorf-backed developer plans 72 apartments in the West Loop
    Crain's Chicago Business
    A Northbrook developer backed by Chicago Bulls owner Jerry Reinsdorf is forging ahead with another apartment project in the West Loop, teeing up two more buildings with 72 units in a neighborhood becoming increasingly competitive for apartment landlords. An affiliate of Michigan Avenue Real Estate Group plans to demolish a building at 1237-1245 W. Madison St., replacing it with a four-story, 42-unit apartment structure, city zoning documents show.
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    Why media tours still matter
    By Emma Fitzpatrick
    One of the most important tenets of media relations — and the one that gets talked about the least — is the media tour. Press conferences and media tours were hot stuff 20 years ago, but now technology and video chats have made in-person media tours less popular. But, when done right, media tours can wow the media, especially since they aren't as popular a tactic as they once were. There's a media tour made for every budget, so no matter how much money you have to spend, you can still invest in a media tour this year. Here are the different types of media tours that can work for your business.
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    Apartment sales slip as prices break records
    Crain's Chicago Business
    It's still a sellers' market for apartments, but fewer landlords are selling. Sales of Chicago-area apartments total $1.48 billion so far this year, down about 12 percent from all of 2012, according to Appraisal Research Counselors, a Chicago-based consulting firm. While suburban sales are up 26 percent, at $900.6 million — the highest level since 2007 — downtown sales have fallen nearly 40 percent, to $580.2 million.
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    What to make of those annual forecasts
    By Michael J. Berens
    With 2014 only a month away, last year's business plans are heading for the shredder. 'Tis the season once again for sharpening pencils, creating fresh spreadsheets and bringing the team together for a visioning and planning session. And just in time, here comes the annual parade of predictions, forecasts and trends for the coming year to give you a bit of help. Should you factor them into your plans or dismiss them as just so much seasonal industry buzz? Here are a few rules-of-thumb to help you get the most from this year's forthcoming crop.
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    TRENDING ARTICLES
    Missed last week's issue? See which articles your colleagues read most.

        Have high-rise apartment rents peaked? (Crain's Chicago Business)
    Associations seeking ways to accommodate renters (Chicago Tribune)
    Rental housing market boosts use of RealPage software (Investor's Business Daily)
    UnitedHealth invests $50 million in low-income rental housing (StarTribune)
    NYKO attendee and sponsorship registration available (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
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    Ashley Whipple, Senior Content Editor, 469.420.2642  
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