LD2 Development

05/04/2026

Demolition Today in Logan Square!

10/24/2024

Ok, I'm a nerd for the details!

As a builder and developer, it's all about being a student of the market and each market is different.

I want to know the details of what buyers are looking for and why.
What attracts people to the area?
What features and finishes are they looking for in their new home?
What type of designs and floorpans do they want?

Here we look at the best new construction homes in Andersonville and we'll also see how you could save hundreds of thousands of dollars by looking in the Bowmanville / Lincoln Square neighborhood just a couple blocks West.

Every neighborhood and every type of property is different.

If you understand the market, you'll be able to make the most of your investment.

1:10 Andersonville neighborhood & map
2:20 New home pics
5:15 How Save a Lot $$$

10/23/2024

Can I ask your opinion on this?

Here's a great feature I saw in a $1.5M new construction home recently!

I thought it was a great idea, but I use the sauna at my gym almost every day , so I'm sure I would use it a lot.

I've had steam showers at home and found I didn't use the steam very often.
(of course a steam shower doesn't require additional space and would also cost a bit less)

What do you think?

Imagine for a minute that you were getting a new home, is this a feature that you would like?

Would you prefer it to a steam shower?

Would you want it in your primary bath instead of a big tub?
Or would you prefer a soaking tub?

(BTW, it's not apparent from the pic, but the shower has a porcelain tile that looks like wood and the sauna interior is wood.)

10/09/2024

I know I've been talking about this for years now, but it's a real thing!

Research from the First Street Foundation estimates that 3.2 million people have become “climate migrants” who are creating “climate abandonment areas” due to extreme weather conditions.

But like so many market phenomena, people will ignore it and pretend it's not real until all of a sudden, they are all in a panic to respond.

Take a look at the MAP in the article, The midwest is a haven for climate migration.

While Chicago did not make the list for whatever reason, we can expect a surge in population growth and with it, demand for new housing and increases in prices.

The Sun Belt has been enjoying this surge in population growth and I'm sure that trend will continue for a while,

But Sun Belt states are among the most disaster-prone spots in the country, and it's reflected in their high insurance premiums.

Now is the time to establish a future for yourself in Chicago, as many of the biggest developers are doing!

Extreme weather is now a fact of life. These cities are some of the safest options if you're concerned about climate change.

10/02/2024

Talking with John Casmon on his Multifamily Insights Podcast.
John asked about how to go about determining finished and stabilized value of a new residential rental development project.

► Watch the full episode here: https://youtu.be/JAFIeUhGN0Q► Blog: https://casmoncapital.com/dont-buy-multifamily-build-it-with-roger-luri-ep-578/ Sample Dea...

10/02/2024

Are we now experiencing the bottom for commercial and multi-family real estate?
It's amazing how quickly market sentiment changes!

While there are always plenty of people who will tell you that the sky is falling, I can't help but notice that a couple people (whose opinions I respect) have started pointing out signs that the market is turning around and posting that we are now experiencing a bottoming in the CRE market.

As a real estate developer and a director on a community bank that focused on real estate lending, I had a front row seat for the 2008-2010 meltdown.

BIG difference then was that so many had lost so much equity either in the stock market or in real estate. The stock market had a huge sell off in 2008 and didn't see it's previous levels again until 2012 or 2013.

If investors hadn't lost their capital in the stock market, they lost it in real estate.

Many banks had been shut down and lenders were gun shy for years.

Today things are much different. While some deals have suffered due to rate jumps and some investors have gotten hurt, for the most part, investors still have their capital.

The stock market is on it's highs and lenders, while cautious, are still looking at the market positively.

With inflation and rates easing, it seems like a good time to look for bargains and good opportunities.

After the 2008-2010 debacle, most investors missed the opportunity to take advantage of bargains in the market because they just didn't have the capital. Only the very wealthy and a very select few had the capital to take advantage of bargains.

This time around, it is shaping up very differently!

With the stock market on it's highs and a lot of investor capital available, this may be the opportunity for the "other 98%".

It may be that Jerome Powell has pulled off his "soft landing". If so, be looking for opportunities and be ready to act on them!

Check out this recent survey from John Burns Research and Consulting.

09/11/2024

Are investors really scooping up all the lower priced homes? These articles are misleading and miss the whole story of what is really happening in the market.

This article focuses on markets in Chicago and California. It uses data from a recent Redfin market study , but both miss the real story.

The fact is that any investor would tell you that finding a low priced home that you could buy and just turn around and rent out is practically impossible.

The vast majority of these "low priced" homes that are bought by investors are houses that are in need of major renovations.

Very few home buyers are interested in buying a home that needs a couple months of work before it will be ready to be lived in. Often, the cost of renovation work required may be more than the cost of the house itself.

Much of Chicago's housing stock are buildings that may be over 100 years old. The average home buyer does not have the construction expertise, or financial capability to handle a job like this. They need to buy something that is ready for them to move into when they purchase it.

Investors often buy houses that are in need of full gut rehabs. After renovation, they may rent them or sell them, depending on the market.

Investors can't create or control the market, they just try make money by following it. They provide a valuable service to the neighborhoods by improving the quality of run down housing stock that would otherwise be unliveable.

Whether they rent or sell (fix & flip) the houses they purchase, there has to be existing demand in order for them to make money. In order to be successful, they follow that demand.

In Q1 2023, investors bought 49% fewer homes than the year prior. Now, we're seeing a rise in investor activity again, with certain property classes more popular than others. What are investors doing, and what should you be buying?

09/01/2024

This is a short clip from a recent podcast interview on the
How Did They Do It? Real Estate Podcast with Seyla and Aileen Park

They had asked me if I expected a crash in the real estate market (especially in light of political turmoil in the run up to the coming election).

To complete this answer, I'd say:

I don’t try to predict the future. No one can do that.

I just pay very close attention to what’s going on right now so that hopefully I can act quicker than most.

Listening to what people care about is what gives an advantage in the market.

We’re thrilled to have Roger Luri back on the show with his extensive expertise in building multifamily housing and mixed-use development projects!Today, Rog...

08/18/2024

1 Little Thing to Make the World a Better Place

One of the things I miss the most about teaching martial arts everyday is the mat chats with the kids.

One of the most important topics we’d discuss is bullying.

Mostly, I’d just ask questions and let them talk about their experiences and feelings.

Turns out, kids know quite a bit about the subject and when they talk openly, they know the difference between right and wrong.

What else did I learn?

1. Bullying commonly consists of name calling, belittling, ridiculing or making fun of someone, excluding someone or other mean spirited treatment.

2. A bully needs a target to pick on and they need others who will support them by laughing at their “jokes” and joining in.

3. Bullying is actually a behavior. There is really no such thing as a “bully” only people who commonly practice this behavior.

4. People who do often practice these behaviors do it for attention, acceptance, to gain social standing or for influence or power.

5. Most of us are easily tempted to join in to laugh at the “jokes”, call names and support a bully for these same reasons.

6. Needing attention, acceptance, social standing or power at someone else’s expense really demonstrates an insecure person and a lack of caring about others.

7. No one wants to think of themselves as a bully, even if they commonly exhibit these behavior towards others.

Social media has created an online environment where bullying behavior is immediately rewarded with attention and likes.

It makes it easy for weak people to bring out the worst in us posing as “leaders” to build support at the expense of others.

Here are two simple practices that can make our world a better place, both online and off.

Before you post or reply to a post, ask yourself these two questions:

1. Is this post or reply name calling, belittling or ridiculing another person or group of people? (If so, just delete it)

2. Is the content I’m reading / following practicing name calling, belittling or ridiculing another person or group of people?
(If so, look for better content that brings people together and builds people up rather than ridiculing and dividing)

It starts with each or us striving to be better.
That's what martial arts are all about.

08/15/2024