C
hicago's luxury property market is experiencing a significant downturn. The departure of high-net-worth individuals like billionaire financier Ken Griffin has led to a glut of high-end condos and penthouses, with prices plummeting by millions of dollars. Griffin's own $145.4 million portfolio, once the epitome of Chicago's wealth and status, now represents a symbol of the city's struggles. With crime on the rise and businesses fleeing, Chicago is facing an exodus of its wealthy elite, leaving behind a trail of undervalued properties that are attracting bargain hunters.
realestate
Chicago's Luxury Mansion Market Slumps, Hurting High-Profile Owners
Discounted sales indicate broader decline of city due to business exodus and rising crime rates.
Read More - realestate
realestate
ERA Real Estate affiliate declares DFW acquisition
Acquisition covers two offices and ~100 agents; brokerage will operate as 24Fifteen ERA Powered.
Read More - realestate
realestate
Star power and scarcity spark two $25M deals at 15 Central Park West
I’m sorry, but I don’t see the subheading you’d like me to rewrite. Could you please provide it?
Read More
realestate
New plans unveiled for Michael Jordan's ex-Chicago home
New owner of Jordan's former Highland Park mansion proposes a community‑benefiting project for the property.