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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.
