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Ken Griffin's move to Florida means losing millions on homes he never even lived in

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Ken Griffin's move to Florida means losing millions on homes he never even lived in


  • Ken Griffin’s Chicago penthouse — listed for $10 million less than he paid for it — has a buyer.
  • A representative for Griffin said that his real-estate investments in Florida make up for the loss.
  • Like Griffin, other wealthy residents have left Chicago, due in part to hefty taxes and crime rates.

Ken Griffin, the billionaire founder of hedge fund Citadel, has found a buyer for his penthouse in Chicago.

The six-bedroom apartment at luxury condo building No. 9 Walton, in the wealthy Gold Coast neighborhood near Lake Michigan, is in contract for an undisclosed amount but was last priced at $11 million, according to its Zillow listing.

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The 7,500-square-foot property went on the market in July for $11 million — $10 million less than the $21 million Cook County records show Griffin shelled out for it in 2017.

Listing photos show the penthouse, which comes with a private rooftop pool, is unfinished. He has also never lived there.

The move comes as Griffin moves both Citadel and his own personal residence to South Florida.

A spokesperson for Griffin told Bloomberg that the loss is a minor setback in the context of his other real-estate purchases.

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“While the value of Ken’s properties in his former hometown may have declined, thankfully it is only a small loss compared to the appreciation he’s enjoyed on his property investments in Florida,” Zia Ahmed, a spokesperson for Citadel, said.

Griffin spent about $169 million on properties in Miami’s exclusive Star Island neighborhood between 2020 and 2023. In 2022, he spent over $100 million on two bayfront houses in Coconut Grove, another affluent Miami area. He has also amassed 27 acres in Palm Beach over a decade for about $450 million.

Griffin and the listing agents for the Chicago penthouse did not respond to requests for comment sent by Business Insider.

Brokers said Chicago’s luxury real-estate market has flagged

The relatively lower sale price is somewhat unsurprising, according to Chicago-area real-estate agents.

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Broker Michael LaFido said super-prime properties, which he described as $10 million or more, are a rarity in Chicagoland. In 2023, he added, only four properties sold for that amount.

Meanwhile, in Miami, 55 properties over $10 million were sold in the second quarter of 2024 alone, according to real-estate consulting company Knight Frank’s global report on super-prime properties.

According to Rafael Murillo, a Compass agent in Chicago, properties that cost eight figures are not a regular occurrence.

“We’re just a much more affordable luxury market compared to Miami or New York,” he said.

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Murillo also cited another luxury property that sold at a loss this year: a 6,100-square-foot condo in the city’s St. Regis tower that was purchased for $8.2 million in 2021 and sold for $7 million in April.

Marquee listings in the suburbs have also seen price cuts. Basketball star Michael Jordan’s mansion in Highland Park finally sold in September after going on the market in 2012, per its Zillow listing. Jordan listed the property for $29 million in 2012. It was most recently priced at $14.9 million.

Other wealthy homeowners are selling their Chicago properties

Griffin is one of several wealthy Chicago homeowners offloading their luxury properties at a loss this year, Bloomberg reported in March.

It said the city’s high taxes, crime rates, and the introduction of a “mansion tax” on properties sold for over $1 million have driven many of Chicago’s richest residents to sell and relocate to other cities, including Miami and New York.

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In 2017, Griffin purchased the Chicago penthouse, along with three other units in the same building, for a total of almost $59 million — the biggest real-estate purchase in the city’s history, the Chicago Tribune reported.

Griffin put another unfinished penthouse in the building on the market for $9 million on Wednesday; it was listed on Zillow as contingent, or in contract, on Friday. He paid $12.7 million for it. If it sells for its full asking price, it will be a more modest loss, relatively speaking: $3.7 million.

The other two units in the record-breaking buy are also up for sale.

A lot of wealthy residents first fled Chicago to its suburbs during COVID, then left Illinois altogether, LaFido told BI.

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He said that many ultrawealthy homebuyers, who can afford a property over $10 million, aren’t in Chicago anymore — leaving sellers like Griffin to take the financial hit.

“If you’re going to build something $5 million or more in Chicago,” LaFido said, “you’re going to take a loss.”





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Florida’s complete 2026 football schedule unveiled

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Florida’s complete 2026 football schedule unveiled


GAINESVILLE, Fla. — The 2026 football schedule for the Florida Gators has been set. Next year’s slate was unveiled Thursday night on SEC Network.

The most notable dates are Florida’s SEC opener on Sept. 19 — a Week 3 trip to Auburn, where the Gators haven’t played since 2011 — along with a road game at Texas on Oct. 17 and home games against Ole Miss (Sept. 26) and Oklahoma (Nov. 7).

Next season will mark the Sooners’ first-ever visit to Gainesville. The teams have previously played twice in the postseason, with the Gators defeating Oklahoma 24-14 in their first-ever meeting to win the 2008 national championship.

The Gators open the season in The Swamp on Sept. 5 against Florida Atlantic. UF’s other non-conference opponents will be Campbell (Sept. 12) and at Florida State (Nov. 28).

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Florida is also hosting South Carolina (Oct. 10) and Vanderbilt (Nov. 21). The Gators haven’t played the Gamecocks or the Commodores since 2023.

UF takes on Georgia in Atlanta on Oct. 31 after the bye week. Florida’s other road games are Missouri (Oct. 3), Texas (Oct. 17) and Kentucky (Nov. 14).

The Gators will be led by first-year coach Jon Sumrall. He won the American Conference title with Tulane last week and has the Green Wave in the College Football Playoffs. They will have a rematch against Ole Miss on Dec. 20 in the first round after losing in Oxford, 45-10, on Sept. 20.

Sumrall was back in Gainesville this week to assemble his staff. So far, he has hired offensive coordinator Buster Faulkner, defensive coordinator Brade White and defensive line coach Gerald Chatman.

Date Opponent Location
Sept. 5 Florida Atlantic Gainesville, Florida
Sept. 12 Campbell Gainesville, Florida
Sept. 19 at Auburn Auburn, Alabama
Sept. 26 Ole Miss Gainesville, Florida
Oct. 3 at Missouri Columbia, Missouri
Oct. 10 South Carolina Gainesville, Florida
Oct. 17 at Texas Austin, Texas
Oct. 24 Bye
Oct. 31 Georgia Atlanta, Georgia
Nov. 7 Oklahoma Gainesville, Florida
Nov. 14 at Kentucky Lexington, Kentucky
Nov. 21 Vanderbilt Gainesville, Florida
Nov. 28 at Florida State Tallahassee, Florida

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Florida basketball has failed to meet expectations early on

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Florida basketball has failed to meet expectations early on


A 5-4 start to Florida basketball’s national title defense is not what anyone had in mind — much less, the Gator Nation — but here we are nine games deep into the 2025-26 schedule.

To be fair, three of those losses have come against programs currently ranked among the top five in both major polls and have been off to stellar starts. The Arizona Wildcats, Duke Blue Devils and UConn Huskies are nothing to sneeze at, and while the TCU Horned Frogs are not quite on their tier, all of these losses came either on the road (Duke) or on a neutral court (the other three).

Maybe Todd Golden should reconsider playing in all of these early-season special events in the future. But alas, that is a story for another season.

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ESPN thinks Florida has failed to meet expectations

Obviously, with a dominating frontcourt roster returning in full, there was plenty to be optimistic about heading into the campaign. However, the departure of three guards to the NBA and a fourth to the transfer portal has proven to be a void too large to fill with their offseason acquisitions.

And that is the crux of ESPN’s Myron Medcalf’s observation that the Gators have simply not met the bar so far.

“Months after winning a national title with an elite set of guards, Florida’s Todd Golden rebooted his backcourt with former Arkansas star Boogie Fland and Princeton transfer Xaivian Lee,” he begins.

“It hasn’t worked out as planned. In Florida’s two-player lineups — an on-court metric at EvanMiya.com that captures how teams perform when specific players are paired together — the Fland-Lee combination ranked 26th within its own team,” Metcalf continues.

“And though Lee scored 19 points against UConn in Tuesday’s game at Madison Square Garden, that loss was another example of the Gators’ limitations when Lee and Fland (1-for-9 combined from 3 against the Huskies) aren’t equally elite on the same night.”

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He has not liked what he has seen, and his conclusion is not necessarily unfair.

“Ultimately, Florida hasn’t looked like a defending champion thus far, despite Thomas Haugh (18.6 PPG, 7.6 RPG, 2.8 APG) playing like an All-American.”

How does the NET, BPI and KenPom view Florida basketball?

While Medcalf’s assessment comes fully equipped with dark clouds, the objective metrics paint a much more optimistic outlook for the team overall.

According to the NET rankings, Florida is just inside the top 25 at No. 24 — one spot ahead of the Miami Hurricanes, who they beat in Jacksonville back in November. The Gators are 1-3 in Quadrant 1 matchups, 1-1 in Quad 2, 1-0 in Quad 3 and 2-0 in Quad 4.

KenPom views the Orange and Blue even more bullishly, ranking Florida at No. 15 despite the weak record. Golden’s gang currently sits at No. 15 with a plus-26.55 adjusted net rating — up from plus-25.70 (17th) at the end of November, while the offense (120.4) moved up from 24th to 23rd in the nation, and the defense (93.8) has only dropped one place — from 10th to 11th — despite allowing 0.6 fewer points per 100 possessions.

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The most optimistic metric for Florida comes from ESPN’s Basketball Power Index, which has the Gators at No. 9 despite a 1-3 stretch over the past two weeks. They have an 18.8 overall BPI, with the offense logging in at 8.5 (22nd) and defense earning a 10.3 (8th) rating recently.

ESPN projects Florida to go 21.0-10.0 overall and 12.2-5.8 in conference play.

Follow us @GatorsWire on X, formerly known as Twitter, as well as Bluesky, and like our page on Facebook to follow ongoing coverage of Florida Gators news, notes and opinions.





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Florida accuses Starbucks of discriminating against White workers

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Florida accuses Starbucks of discriminating against White workers


TALLAHASSEE, Fla. – Florida Attorney General James Uthmeier announced on Wednesday that his office is suing Starbucks over what he termed “race-based quotas.”

Uthmeier revealed the suit on social media, claiming that Starbucks used diversity, equity and inclusion (DEI) policies to discriminate in hiring and advancement.

“Starbucks made DEI more than a slogan,” he said. “They turned it into a mandatory hiring and promotion system based on race.”

In a complaint, state officials listed out their evidence of the alleged discrimination, including the following situations:

  • A 2020 public report pushes to hire “people of color” in 40% of retail and distribution center jobs, and 30% of corporate positions by 2025.
  • A 2024 report talks about executive bonuses conditioned on certain DEI goals, including mentorship programs and retention rate quotas for “BIPOC” employees. Officials said this was swapped for “belonging” goals in 2025.
  • In the same report, shareholders asked Starbucks to create an audit to determine whether the company’s practices were discriminating against “‘non-diverse’ employees” amid concerns over the company’s emphasis on networking opportunities for people with “shared identities.”

  • Shareholders similarly expressed that membership in these so-called “Partner Networks” was often based on traits like race, sex and sexual orientation, with no networks for “non-diverse” groups.

  • A 2025 report discusses an ongoing goal to increase the number of “people of color” working in management positions and above by at least 1.5% by FY2026.

Because of these incidents, state officials argued that Starbucks’ policies deliberately discriminated against those from certain “disfavored” races — meaning White people and, up until last year, multiracial and Asian people.

This isn’t the first time that Starbucks has faced these sorts of claims, either. In 2023, a White Starbucks employee was awarded over $25 million after she claimed that her race was used as a factor in her firing.

[BELOW: Starbucks around the US close in 2019 for anti-bias training]

Now, state officials are saying they’ve heard from residents in the Sunshine State who reported their own experiences of racial discrimination.

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“Florida residents have contacted the Attorney General and reported that (Starbucks) paid them and their white coworkers lower wages because of their race, refused to hire them or promote them because of their race, created a hostile work environment in which Florida residents felt humiliation, and were excluded from certain mentorship or networking programs because of their race,” the complaint reads.

As such, the Attorney General’s office is accusing Starbucks of violating the state’s Civil Rights Act.

[BELOW: Video shows good Samaritans stop man trying to carjack customers at Starbucks in Florida]

By extension, the Attorney General is pushing for injunctive relief, compensation, and $10,000 penalties for each instance of racial discrimination that the company may have committed against a Florida resident, which Uthmeier’s office estimates to be at least in the “tens of millions.”

Starbucks provided a statement to News 6 following news of the lawsuit, which reads as follows:

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“We disagree. We are deeply committed to creating opportunity for every single one of our partners (employees). Our programs and benefits are open to everyone and lawful. Our hiring practices are inclusive, fair and competitive, and designed to ensure the strongest candidate for every job, every time.”

Starbucks spokesperson

Meanwhile, you can read the full complaint below.

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