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2013 Trade Show & Education Conference
Feeling stuck? In his high-energy presentation 2013 Trade Show & Education Conference keynote speaker Eddie Slowikowski will share how to tap into the greatness that lies within all of us in "The Ultimate Winner: Creating Success in Under Four Minutes." To register for classes like this or to walk the show floor for free, click here to register online, or here for a faxable registration form. A full list of classes, descriptions and times is available here. Nonexhibiting vendor companies are not allowed.
CAA would like to welcome our newest staff member, Jessica Sivels
Jessica Sivels has taken on the role of Education & Member Services Coordinator and brings much experience and industry knowledge to the position. Jessica has more than 10 years of project, conference/meeting and special event management most recently with Association of Real Estate License Law Officials and also with the Chicago Association of REALTORS. Jessica will play a vital role in day-to-day operations, as well as supporting the strategic vision of membership growth and increasing participation in the professional development efforts of the CAA. We look forward to introducing you all to her, and we're glad she's here! You can reach Jessica at 312-207-1890, ext. 4, or at Jessica@caapts.org.
Certificate for Apartment Maintenance Technicians training
Register for the Certificate for Apartment Maintenance Technicians program, the only apartment maintenance certificate that has ANSI accreditation.
CAMT is offered as a blended learning program, a combination of classroom and
online learning. This program is sponsored by the National Apartment Association
Education Institute and the Chicagoland Apartment Association.
Certified Pool Operator certification program — 8 a.m. to 4:30 p.m. April 24-25
The Illinois Department of Public Health requires pools and spas to meet water quality and safety standards and enforces these through rigorous inspections. The last thing you want is to have your pool shut down during a prime summer event due to a failed inspection. Join us for our new, two-day CPO certification program and learn the information vital for safe swimming pool and spa operations.
Congratulations to our newest NAA Designation recipient
CAA would like to congratulate Katherine Madison, Covey at Fox Valley, for earning her CAM (Certified Apartment Manager) designation. Way to go, Katherine!
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Related Midwest president wants to dot skyline with indelible structures
Standing in a hallway of an unfinished apartment high-rise on Lake Shore Drive, sporting a dark suit and hard hat, Curt Bailey bent his head and stared at the carpet.
Then he and a group of his subordinates went to a different floor and stared down once more, at different carpeting. The choice of a carpet pattern, one subtle, one louder, for outside the elevators had been a topic of conversation for two weeks.
These are the decisions that Curt Bailey, president of Related Midwest, is sweating as he nears the May opening of 500 N. Lake Shore Drive, a luxury 500-unit rental high-rise.
'Green' buildings gaining status
The commercial real estate construction and investment philosophy that places a premium on location and quality is giving way to interest in sustainable design, according to market analysts. A focus on "green" development, particularly with refurbishment efforts and new construction of iconic buildings in New York City, is drawing more attention to the benefits of an eco-friendly focus that include lower operating costs and long-term savings as energy price rise. Investors are now looking to build green portfolios, which is also encouraging more builders to lean in that direction.
Are 'B' buildings poised for a rebound?
Finance & Commerce
The beleaguered "B" office market has struggled to climb out of the steep real-estate recession. This could be a year when that momentum finally begins to shift in favor of "B" buildings.
"I think the 'B' market is poised for some growth in 2013, primarily because the 'A' market has seen quite a bit of absorption over the last few years, and in many submarkets, Class A landlords are beginning to increase rental rates and decrease concessions," says Mike Salmen, a partner at Transwestern in Minneapolis.
Study: Renting a home gets foot in the door for buying
Could rental houses owned and managed by deep-pocketed hedge funds and big investors be the post-bust stepping stones to home ownership for huge numbers of renters?
Could they also provide a form of safe harbor or sanctuary for thousands of families who were displaced by financial difficulties from their previous homes through foreclosures or short sales?
Missed last week's issue? See which articles your colleagues read most.
Thomas Place brings 1st affordable housing to Orland Park
A new independent living community for seniors is opening its doors to residents, making it the first residential development with affordable housing rent rates in Orland Park, officials said.
Thomas Place Orland Park, at 15415 S. Harlem Ave., will open 31 of its 80 units this month, said Dan Walsh, vice president of development with Ryan Companies US Inc. The rest of the units should be ready by May.
LaSalle pays $188 million for Streeterville apartments
Crain's Chicago Business (subscription required)
A venture led by LaSalle Investment Management paid $188 million, or $306,000 a unit, for Onterie Center, a 615-unit apartment building in Streeterville in a transaction that closed Feb. 15, Cook County records show.
Real-estate market trends: Solid foundation for construction industry optimism
The Construction Industry Forecast for 2013 is looking brighter, according to a survey released by Wells Fargo Equipment Finance.
Wells Fargo's Construction Optimism Quotient — the survey's primary benchmark for measuring contractor and equipment distributor sentiment — is at 106 for 2013, marking the second consecutive year with an optimistic reading regarding year-over-year improvement in local nonresidential construction activity. While the number is down from 114 in 2012, it still represents the third-highest national optimism reading in the past 13 years, the report stated.
2 apartment towers will change face of downtown Minneapolis
In a quiet neighborhood of squat brick apartment buildings on the south edge of downtown Minneapolis, Magellan Development Group is building a sleek, 36-story apartment tower with a raft of hotel-like amenities, including an indoor dog park and pet wash.
Ten blocks away, in the shadow of the 57-story IDS Center, the Opus Group is busy building its own luxury apartment building, a 26-story tower that will have direct access to the city's skyway system.
By late 2014, both buildings will make the downtown skyline shine a whole lot brighter, but the biggest impact will be at street level.
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