C
hicago's high-stakes real estate market has seen a surprising twist in its ongoing drama. Billionaire hedge-fund magnate Ken Griffin and Illinois Gov. JB Pritzker have been locked in a public feud for nearly a decade, but the mystery buyer of Griffin's 9 West Walton Street penthouse turned out to be none other than Pritzker himself. The sale has raised questions about how the deal was made, but it highlights a broader issue: high-end sellers are losing money and looking for someone to blame.
The Chicago real estate market is experiencing a downturn where even wealthy sellers like Griffin are struggling to recoup their investments. This trend suggests that the luxury property market may be more vulnerable than initially thought. As a result, some of Chicago's wealthiest residents are finding themselves in an unexpected predicament – losing money on their high-end properties.
realestate
Chicago's Wealthy Elite Suffering Big Losses in Real Estate Market.
Billionaire Ken Griffin's long-standing feud with Illinois Gov. JB Pritzker takes a surprising new turn.
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realestate
Water Law, Debt Risks, NYC Zoning Overhaul
Catch up on key developments by state from Law360 Real Estate Authority, including attorney insights and industry trends.
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realestate
Inside the Parker Home: A Historic Highland Square House Sold at Auction
Parker Home on Maplewood Avenue in Highland Square auctioned off August 15, 2025.
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realestate
Irvine Company expands University City campus with hundreds of new apartments
Southern California real estate giant plans to revamp The Plaza office campus with two apartment buildings and 552 units.