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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.
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realestate
Darien and Rowayton Market Update: June 12-19
Darien and Rowayton-area real estate report from June 12 to 19, 2025.
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realestate
Hamptons Hit-and-Run: Woman Arrested in Fatal Crash
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realestate
Texas Woman Accused of Selling Non-Owned Land, Faces $1M Lawsuit
Couple accused of fraudulently transferring over 30 Harris County properties.