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Old Posted Feb 6, 2017, 4:02 PM
SamInTheLoop SamInTheLoop is offline
you know where I'll be
Join Date: Sep 2006
Posts: 5,379
Originally Posted by BVictor1 View Post
Sounds pretty smart.

They'll probably sell the tower after completion and cash out.

Construction begins on tallest tower west of Kennedy Expressway

Corilyn Shropshire
Contact Reporter
Chicago Tribune

No idea what the actual owner will do once the project delivers.....I don't know that we have too much of a track record on F&F to suggest whether they are likely to be a long-term holder or a build and seller. If Fifield were the owner, or had a substantial ownership stake, than yes, I'd be inclined to think that if the market were right, they would look to sell. That's one major key in the end - market conditions upon delivery. A lot can change in 2-3 years. Even if it's a preferred build and sell player, when the market works against you, often if you can, you hold....
It's simple, really - try not to design or build trash.