As scary as the economy seems right now, the financial fallout from the COVID-19 crisis won’t cut as deep as the Great Recession did a decade ago. Chris Thornberg Renowned economist Chris Thornberg offered that assessment during last week’s San Diego Rental Housing Outlook.
Before a sold-out crowd Thursday, renowned economist Christopher Thornberg delved into the state of California’s rental housing market, including its present cooldown following several years of robust growth. Thornberg, founding partner of Beacon Economics, said growth has slowed as more housing supply has entered the pipeline. He offered his comments while kicking off the California Apartment Association’s Tri-County Outlook 2017 at Mountain View’s Computer History Museum. His talk also included an overview of the national election, its implications for the rental housing industry, and how proposed changes to the Affordable Care Act may affect renters.
When talking about housing in California, compromise is sometimes the last word that comes to mind. A forum held Thursday in Sacramento was designed to start moving toward that goal. The California Apartment Association brought together members from all sides of the housing debate, including representatives from the state, affordable housing, labor, builders, property owners and tenants. The objective was to start working toward consensus on how to resolve California’s worsening housing crisis. The consensus was that all sides need to compromise to address the acute need and build more housing, both affordable and market rate. Another point that all… Read More
This year’s CAA Greater East Bay GEMM Awards attracted a record-breaking 510 attendees. CAA Contra Costa Napa Solano and RHA Serving Southern Alameda County held the 13th annual celebration Thursday, Aug. 18, at the Blackhawk Museum in Danville. The event honored the industry’s elite individuals and properties in 17 categories. Judges picked from nearly 300 nominees. And the winners are: Category: Lifetime Achievement Honoree: John Sullivan, Emerald Properties Category: Porter/Groundskeeper Honoree: Randy Bueno, SPM Properties, Inc. Category: Service Technician (1-150 Units) Honoree: Jason Ulloa, Castle Management Category: Service Technician (151+ Units) Honoree: Federico Cruz, Park Regency LLC Category: Maintenance Supervisor… Read More
ONTARIO — When it comes to the economy, things are neither booming nor busting, says Professor Jay Prag of the Drucker School of Management. Prag and Steve PonTell, chief executive officer and president of National Community Renaissance, spoke at the California Apartment Association’s Professional Property Managers’ Forum on Tuesday, Aug. 9. The CAA Greater Inland Empire event attracted about 80 rental housing professionals to the DoubleTree Ontario Airport. The good news is that Prag disagrees with the opinion of some economists, who are predicting another recession looming in the distance for the U.S. He said that a condition “just isn’t… Read More
More than 200 rental housing industry executives teed off Monday, July 25, for a summer afternoon of golf, networking and fun during the 27th annual CAA Tri-County Charity Golf Tournament. CAA is still tallying proceeds from the event, which will be donated to the Housing Industry Foundation, furthering its mission to help individuals and families remain in or return to stable housing. HIF also assists with special housing projects and renovations in San Mateo and Santa Clara counties. In its 27-year history, the golf tournament has raised close to $1 million for the foundation. The golf tournament was held at… Read More
Members of the California Apartment Association have come together once again to help some of Los Angeles’ most vulnerable residents. On Thursday, July 21, CAA Los Angeles held its second annual Summer Soirée, a rooftop networking event that raises money to benefit the homeless. About 140 people attended Summer Soirée, enjoying an evening of live music, food, drinks and exceptional networking. Proceeds from the event go to Home For Good, an initiative of United Way of Greater Los Angeles and the Los Angeles Area Chamber of Commerce that seeks to end chronic and veteran homelessness. This year’s Summer Soirée raised… Read More
More than 1,500 rental housing professionals descended upon the Santa Clara Convention Center this spring for CAA Connect, California’s premier multifamily conference and expo. The California Apartment Association’s April 5 event featured more than 175 booths with exhibitors covering a wide range of services, from roofing to landscaping to employment staffing. The expo floor was teeming with activity as soon as the doors opened at 9 a.m. Meanwhile, seminars got underway in nearby ballrooms. By 4 p.m., CAA had offered 15 classes that covered topics from bedbugs to fair housing issues to social media. Throughout the day, a number of… Read More
The California Apartment Association on May 19 will debut the North Coast PAC Derby Day, a fun evening of hosted mint juleps, local wine and beer, and appetizers. This fantastic event will raise money for the CAA North Coast Political Action Committee (PAC) to create a positive business climate for the local rental housing industry. CAAPAC, our non-partisan Political Action Committee, is dedicated to the protection, preservation and advancement of the rental housing industry, and supports candidates for public office who are receptive to the concerns of rental property owners and managers locally and statewide. Join us as we race… Read More
Improvisational humorist and professional speaker Joel Zeff doesn’t waste any time getting his audience into the act. Near the start of a recent 90-minute presentation, Zeff asked the roughly 200 rental housing professionals in the room to utter something rarely if ever heard in the leasing office. “Bunny, bunny, bunny.” As they did, raucous laughter began, as did one of Zeff’s key lessons. “Look around. Everybody’s got a smile on their face — even the grumpy people. That’s the spirit of the bunny, bunny, bunny,” he said. “Because everybody looked foolish, and they did it together, it wasn’t a big… Read More