roeder
David Roeder biography
David Roeder is a business reporter for the Chicago Sun-Times covering real estate development and the financial markets. Besides his daily coverage, he writes columns …
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Wrigley factory sold; Jeanne Gang has designs on Hyde Park
DAVID ROEDER: The news lately has included word that the Wrigley Building will be landmarked (finally) and Wrigley Field will get a lighted sign. Here’s something else Wrigley: The gum company’s sprawling old factory on the South Side is about to be sold.
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Fun facts from the Facebook confession
So let’s say you’re hooked. Facebook has registered its initial public offering of shares and you’ll be eagerly awaiting the day they hit the market. Even though you know IPOs are set up to benefit insiders and uber-insiders, you want a piece of the action. …Read More
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Trader-turned-developer has big idea for Streeterville site
Chicago futures trader Donald Wilson Jr. has been using hard times and falling prices to bulk up on real estate holdings here. Now he’s stepping up to a riskier class, going from investor to developer, and he’s tipped off his plan of action. Wilson is …Read More
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The Curious Investor: Earnings fade, but market may not care
Filter out the noise from the current onslaught of corporate earnings reports and you are left with something not terribly encouraging, like the sound of one hand clapping. Just when investors could use a little clarity about the strength of profits this year and how …
The Curious Investor: Who expects to see Dow run to 20,000?
A portfolio manager who years ago correctly predicted to the Sun-Times when the Dow Jones industrial average would hit 10,000 has thoughts about Dow 20,000.
Skidmore design’s 30-story window helps skyscraper ‘breathe’
DAVID ROEDER: Chicago architectural firm Skidmore, Owings & Merrill LLP has designed a building with a lung. You might prefer to call it a 30-story operable window, or a sky atrium.
Options investment strategy appeals, but comes with a price
DAVID ROEDER: At the Chicago Board Options Exchange, traders and corporate types know that the most important generator of business is market volatility. But volatility isn’t for everybody.
New owner wants office tower along river
DAVID ROEDER: It’s official. A vacant downtown site that awaits the next construction boom has a new developer in charge.
Since ’09, Dow ‘Dogs’ have led the pack
DAVID ROEDER: I heard this dreaded phrase the other day and cringed: “It’s a stock picker’s market.” It’s a lie. It’s a scam. And the next time you hear it from a talking head on CNBC, throw your shoe at the TV.
Hotel reportedly in works for Boul Mich landmark
A landmark at what could be Chicago’s most impressive corner is losing a major tenant and faces an identity crisis. The 360 N. Michigan building, at the southwest corner of Michigan and Wacker, will be mostly empty once its largest tenant, Crain Communications Inc., leaves …
In 2012, a wild ride will lead to profits
DAVID ROEDER: I heard this dreaded phrase the other day and cringed: “It’s a stock picker’s market.” It’s a lie. It’s a scam. And the next time you hear it from a talking head on CNBC, throw your shoe at the TV.
Stock selections for energizing income
Making your money work harder is sometimes a matter of drilling a little deeper. For those interested in energy stocks, it’s not hard to find some that are reliable income producers in the form of dividends. Big Oil is especially good for this. ConocoPhillips (COP) …
Golf teed off over Glenview plan
DAVID ROEDER: A culture clash is coming to the northern suburbs. It pits Glenview, population of more than 43,000, against tiny neighbor Golf, population of about 450.
New investors in Ravenswood development a hit with neighbors
DAVID ROEDER: There’s a new cast of characters involved in a plan to build a grocery-anchored retail complex and housing along Lawrence Avenue in Ravenswood. Their performance so far is drawing positive reviews from the neighborhood.
Developer and neighbors at odds over Lake View proposal
A developer has proposed a 17-story retail and residential complex in Lake View, and some neighbors are working to thwart the project or cut down its size. James Letchinger, president of JDL Development Corp., proposed the project for 3750 N. Halsted, the site of a …
CME’s reputation gets a stress test
For a trader, timing is critical. The traders who led the Chicago Mercantile Exchange and the Chicago Board of Trade over the years had an excellent sense of it, both in building their own fortunes and in establishing a futures industry here that has put …
Draper and Kramer makes no big plan for Gold Coast
In the old Chicago story of developers vs. neighborhood groups, there might not be a longer skirmish than the one over a parking lot at 1320 N. Lake Shore Drive. There were countless court fights lasting 12 years over the patch controlled by Draper and …
Breakup makes Jim Beam a tastier takeover target
In the liquor industry, executives are pondering whether they’re up for shots of Jim Beam. The bourbon is the most recognizable name and corporate entity that emerged from the breakup of Deerfield-based Fortune Brands. In a spinoff completed last month, Fortune Brands shareholders got stakes …Read More
Hard sell for high-end senior living projects
This might have been the most audacious marketing concept of the housing boom: asking Grandma or Grandpa to put down close to $1 million for luxurious retirement living. With seniors wanting to hang on to nest eggs, and often being unable to sell their homes …Read More
Developers have an eye on downtown riverfront site
DAVID ROEDER: “There are certain people who would like to team up again. It’s like putting the band back together,” said Drew Nieman, principal at the firm Colliers International. That was all he would say when asked whether he has his eye on a particular riverfront site downtown.
