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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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![Local startup Segtax develops AI-powered real estate depreciation tool in [City] office.](https://static.realestate.news/2025/6/9/22437/segtax-founders-logo.jpg)
realestate
Local startup Segtax develops AI-powered real estate depreciation tool
Companies have largely overlooked cost segregation studies, presenting a ripe opportunity for growth.
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realestate
High-End Realty Firm Embroiled in Scandal Receives Unsolicited Acquisition Bid
Douglas Elliman's stock price surged to nearly double its market value on May 27 after a takeover offer from rival Anywhere Real Estate.
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realestate
Los Angeles Rams Executive, Mortgage Mogul Among May's Priciest Home Buyers
Two West End homes in a gated community top Richmond's priciest sales last month.