In 1983, Wexler's Jupiter Industries, which had interests in the Playboy Building, Lake Point Tower, Michigan Avenue real estate, dozens of Chicago hotels, and property holdings in both New York City and Los Angeles, saved Goldblatt's from bankruptcy.
He also built the Outer Drive East development in Chicago, which expanded the downtown into an industrial and shipping area in decline.
[3] When Bertram Lee failed to come up with his ten percent share to purchase the National Basketball Association Denver Nuggets in 1989, Peter Bynoe recruited Jerrold Wexler and Jay Pritzker to keep the deal alive.
The group held an interest in the team until 1992 when COMSAT bought out Drexel Burnham Lambert, Bynoe and his partners.
[citation needed] In 1969, he married Susan Jeanne Metzger, with whom he had one child: film director Tanya Wexler.