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.
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realestate
Trump dispatches lone real estate executive to negotiate with Putin
CNN's Erin Burnett reports on Steve Witkoff's reception as Trump envoy to Vladimir Putin.
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realestate
Compass Realty Challenges NWMLS Antitrust Regulations
Compass alleges NWMLS policies stifle competition with pre-marketing ban.
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realestate
Revolutionizing Real Estate Investing: $3.6M Seed Funding for Democratized Tax-Deferred Access
Deferred, a tech-powered Qualified Intermediary for 1031 exchanges, secures $3.6M in seed funding from B Capital and Fika Ventures.