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2014 Chicagoland Apartment Association Board of Directors notice to members
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.
Register to attend NYKO and for limited sponsorship opportunities
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.
Welcome new members!
Chicago Real Estate Resources Inc.
SportsArt America Inc.
Weltman, Weinberg & Reis
Hoarding Fundamentals for Today's Residential Property Professional
9–11 a.m. Dec. 10
CAA, 557 W. Randolph, Ste 201, Chicago
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!
Buyers and renters find opportunities in tight market
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.
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.
Housing study workshops wrap up in Tri-Cities
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.
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.
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.
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.
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.
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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Ashley Whipple, Senior Content Editor, 469.420.2642
Chicagoland Apartment Association
557 W. Randolph St. #201 Chicago, 60661
Phone: 312-207-1890/Fax: 312-207-1890
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