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Virginia Apartment Management Association

VAMA News
 
   

Click below to find out about the new laws that take effect on July 1, 2017, that change the VRLTA and Code of Virginia specifically relating to apartment operations.

Visit http://www.naylornetwork.com/vam-nwl/pdf/2017_Legal_Update.pdf to view the full article online.

 
 
   

When it comes to tax reform, the stakes couldn’t be higher. Smart tax policy isn’t merely a game changer for the businesses, investors and entrepreneurs who develop and manage apartments; it’s a life changer for the people whose jobs depend on the industry, for the families they support, and for all Americans who make apartments their homes.

Visit https://protectthelease.com/ to view the full article online.

 
 
   

The top two cities with the highest percentage growth in thier Millennial population from 2010 - 2015 are BOTH in Virginia!

Visit http://time.com/4797956/cities-millennials-moving/ to view the full article online.

 
 
   

Thalhimer Realty Partners, the acquisition and development arm of brokerage Cushman & Wakefield | Thalhimer, purchased the 2001 East Apartments at 2001 E. Broad St. for $9.67 million. The sale closed June 5, according to city records.

Visit http://richmondbizsense.com/2017/06/14/church-hill-apartments-fetch-10m-innsbrook-office-building-sells-at-auction/?utm_source=BizSense+Backup&utm_campaign=e53f7e89c4-EMAIL_CAMPAIGN_2017_06_13&utm_medium=email&utm_term=0_916386f49f-e53f7e89c4-148081777 to view the full article online.

 
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Abandoned due to the shifting winds of commerce, nearly demolished, then saved by locals who propped it up with good hopes and steel beams only to see it sit in limbo for a decade, the 120-year-old Janney–Marshall Coffee Co. warehouse is poised for a rebirth.

Visit http://www.fredericksburg.com/business/local_business/crumbling-downtown-fredericksburg-warehouse-on-brink-of-being-rejuvenated-developed/article_f6bdb28b-0e4c-5237-b67c-d6bb98cc8393.html?utm_source=BizSense+Backup&utm_campaign=923a993e92-EMAIL_CAMPAIGN_2 to view the full article online.

 
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There are nearly 100 Roanoke properties listed on Airbnb right now, but just seven are sanctioned by the city.  The Roanoke City Council is now considering a new measure that could up the stakes, as it may revise the lodging tax code so it would apply to these homestay operations.

Visit http://www.roanoke.com/business/news/blacksburg/as-airbnb-grows-so-does-enforcement-challenge-for-zoning-officials/article_345c9cb8-e01e-56c9-89a1-d37cf116a6db.html to view the full article online.

 
 
   

Hampton Roads is expected to lag behind the nation in apartment demand this year after experiencing job losses related to cuts in defense spending and lagging population growth, according to the latest Hampton Roads Real Estate Review and Forecast.

Visit http://www.dailypress.com/business/dp-nws-evg-apartments-20170526-story.html to view the full article online.

 
 
   

The proposed apartments are called The Retreat at Harbor Pointe, according to an application submitted to the city. Construction should begin next year and be complete within 18 months, said Kristopher Knepper, director of development for Virginia Beach-based Lawson Companies.

Visit http://pilotonline.com/business/real-estate/apartments-planned-on-norfolk-s-campostella-waterfront-where-squatters-once/article_f2946d85-3c46-5604-bcb9-10589d755211.html?utm_source=BizSense+Backup&utm_campaign=c81ee4cafd-EMAIL_CAMPAIGN_2017_05_11&utm_medi to view the full article online.

 
 
   

As new technology companies continue to percolate in Charlottesville and Albemarle County, the University of Virginia wants to know if its graduates can help provide more of the talent.

Visit http://www.cvilletomorrow.org/news/article/27071-uva-anticipates-larger-role-in-area-growth/?utm_source=BizSense+Backup&utm_campaign=c81ee4cafd-EMAIL_CAMPAIGN_2017_05_11&utm_medium=email&utm_term=0_916386f49f-c81ee4cafd-148081777 to view the full article online.

 
 
   

The 188-unit project would be the second phase of Port RVA, the first part of which is a neighboring 102-unit apartment building at 500 Hull St. developed in 2014 by McDonald’s Property Results. The company purchased both parcels five years ago.

Visit http://richmondbizsense.com/2017/05/15/12-story-tower-proposed-for-manchester/?utm_source=BizSense+Backup&utm_campaign=35e2d59925-EMAIL_CAMPAIGN_2017_05_12&utm_medium=email&utm_term=0_916386f49f-35e2d59925-148081777 to view the full article online.

 
 
   

The proposal for Main2525, the project next to Millie’s at 2501 E. Main St., calls for nearly 7,400 square feet of commercial space fronting East Main Street. Zoning allows for five stories, hence the need for a special-use permit.

Visit http://www.richmond.com/business/local/six-story-apartment-building-planned-for-parking-lot-next-to/article_6e496996-adac-5dde-add2-f9135f11e984.html to view the full article online.

 
 
   

If you live in a new apartment building in Chicago, you might be more likely to spend a typical night downstairs at a mixology or bike repair class–or sitting with neighbors by a fire pit, watching your dogs run around the building’s dog park–than in your apartment watching Netflix.

Visit https://www.fastcompany.com/40420420/coliving-isnt-just-for-startups-a-giant-developer-is-building-upscale-dorms-for-adults?utm_source=BizSense+Backup&utm_campaign=fa237b3e00-EMAIL_CAMPAIGN_2017_05_16&utm_medium=email&utm_term=0_916386f49f-fa237b3e00-1480 to view the full article online.

 
 
   

Repurposing old hotels and motels for new uses — known as adaptive resuse — is not a new idea, but not everyone agrees its a good one.

Visit http://www.vagazette.com/news/va-vg-new-tourism-drivers-0513-20170513-story.html to view the full article online.

 
 
   

Richmond and Hampton Roads Have high percentage of LIHTC Units

Visit http://www.housingfinance.com/developments/what-cities-have-the-biggest-shortage-of-lihtc-apartments_o to view the full article online.

 
Calendar Highlights
 
   

Sometimes, a high schooler just has to have his nuggets. And Wendy's social media response was both epic and historic.  Wilkerson's success demonstrates that social media can be an incredibly powerful player in the interactions between brand and consumer. The new social media standard has been set. Who is next?

Visit https://www.inc.com/tom-popomaronis/a-teenagers-humble-plea-for-nuggets-broke-ellen-degeneres-retweet-record-heres-.html?cid=hmhero&utm_source=BizSense+Backup&utm_campaign=c81ee4cafd-EMAIL_CAMPAIGN_2017_05_11&utm_medium=email&utm_term=0_916386f49f-c81ee4c to view the full article online.

 
 
   

Having maintenance technicians participate in move-in tours makes residents’ lives easier.  Moving to a new community typically can leave residents feeling uncomfortable at first with their new surroundings, NAA Education Institute (NAAEI) National Maintenance and Safety Instructor Paul Rhodes, CAMT, says. “Having a friendly face at move-in that specializes in handyman-type skills and information can be reassuring.”

Visit https://www.naahq.org/news-publications/units/may-2017/article/meet-friendly-maintenance-tech?platform=hootsuite to view the full article online.

 
Drucker and Falk, LLC
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The Virginia Apartment Management Association
An Affiliate of the National Apartment Association
2812 Emerywood Parkway, Suite 231, Richmond, VA 23294

Phone: (804) 756-VAMA
info@vamaonline.org