Florida
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.
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.
“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.
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.
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.
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.
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.”
Florida
FAMU football wins fourth straight Florida Classic vs Bethune-Cookman in nail-biter | Takeaways
FAMU football defeated Bethune-Cookman 41-38 in the Florida Classic at Orlando’s Camping World Stadium. The Rattlers have won four straight Florida Classic over in-state rivals Wildcats.
Florida A&M football still reigns supreme over Bethune-Cookman.
The Rattlers defeated the Wildcats 41-38 before a crowd of 56,453 football fans at Orlando’s Camping World Stadium. It was FAMU’s fourth straight year beating its in-state rivals, Bethune-Cookman.
FAMU outgained Bethune-Cookman 487-416. The Rattlers erased a 21-17 halftime deficit to claim the victory.
FAMU running back Thad Franklin Jr. starred for the Rattlers, carrying the football 26 times for 195 yards and three touchdowns. Franklin’s performance earned the Florida Classic’s Most Valuable Player Award.
FAMU football Thad Franklin Jr. runs all over Florida Classic rivals Bethune-Cookman
FAMU heavily relied on its rushing attack.
The Rattlers rushed 47 times for 305 yards.
Behind Franklin’s MVP outing, Kelvin Dean Jr. also was productive on the ground. Dean added 14 carries for 103 yards and a touchdown.
FAMU quarterback Daniel Richardson picked his spots, completing 15 of 21 passes for 182 yards, a touchdown, and an interception. His top target was wide receiver Quan Lee, who had five catches for 81 yards and a touchdown.
FAMU football tested by Bethune-Cookman in Florida Classic
The Rattlers got a run their money with the Wildcats’ rushing attack.
Bethune-Cookman rushed 44 times for 183 yards. Dennis Palmer led the Wildcats with 37 carries for 178 yards.
Despite that, FAMU had bent but don’t break situations.
For example, FAMU held up Bethune-Cookman in a critical drive after the Rattlers threw an interception with 8:10 left. Nay’Ron Jenkins tackled Bethune-Cookman running back Palmer for a loss to turn the ball over on downs on 4th and 1.
The Rattlers had six tackles for loss and an interception which was caught by Jenkins.
FAMU football’s special teams gives up yardage, touchdown vs Florida Classic rivals Bethune-Cookman
The Rattlers’ special teams unit put the team in compromising situations.
Bethune-Cookman gained 123 yards on kickoffs on five returns.
Those returns pushed FAMU’s defense back in some situations.
On punts, the Rattlers gave allowed Wildcats punt returner Maleek Huggins to return a 51-yarder in the first quarter.
Gerald Thomas, III is a multi-time award-winning journalist for his coverage of the Florida A&M Rattlers at the Tallahassee Democrat.
Follow his award-winning coverage on RattlerNews.com and contact him via email at GDThomas@Tallahassee.com or on the app formerly known as Twitter @3peatgee.
Florida
In-Game Updates: Ole Miss Football Continues Playoff Quest vs. Florida in Gainesville
The No. 9 Ole Miss Rebels have reinserted themselves into the College Football Playoff conversation, but in order to remain there, they have to win their final two regular season games, beginning on Saturday against the Florida Gators.
The Rebels (8-2, 4-2 SEC) have won three straight games since their overtime loss to LSU in Baton Rouge on Oct. 12, and after a bye week that followed a huge win over the Georgia Bulldogs, Ole Miss appears to be as healthy as it’s been all season entering this game against the Gators.
Running back Logan Diggs (who looked like he might see his first action as a Rebel this week after suffering an ACL injury last season with LSU) will not suit up in this game, but wide receiver Tre Harris is returning, and the Ole Miss defensive line appears to have a clean bill of health, according to the latest injury report from the Southeastern Conference.
According to the current betting odds at FanDuel Sportsbook, Ole Miss is a 12.5-point favorite in Saturday’s game against Florida. Can the Rebels pull off the road win and remain in the CFP hunt? Follow along below for in-game updates from the contest in Gainesville set to kick off at 11 a.m. CT.
Game odds refresh periodically and are subject to change.
If you or someone you know has a gambling problem and wants help, call 1-800-GAMBLER.
PREGAME
As noted above, Ole Miss is rather healthy entering this contest, outside of the running back position. Wide receiver Izaiah Hartrup and running backs Henry Parrish Jr., Logan Diggs and Rashad Amos are listed as “out” in this contest, but no other Rebel made the latest injury report. That’s a good sign for Lane Kiffin’s team as it enters a hostile road environment.
It was also announced on Thursday night that Ole Miss will be using one of its road uniform combinations for the third time this season: powder blue helmets, white jerseys and white pants. This particular combination with the new white jerseys has only been worn twice all-time (both of which resulted in wins during the 2024 campaign).
You can view the uniform below modeled by cornerback Trey Amos.
Florida
Who is Brady Singer? Reds’ new pitcher was Jonathan India’s Florida Gators teammate
Terry Francona joins the Reds as their new Manager
Terry Francona joins the Reds as their new Manager.
Brady Singer, the right-handed starting pitcher the Cincinnati Reds acquired Friday in a trade of Jonathan India and Joey Wiemer to the Kansas City Royals, was India’s teammate with the University of Florida Gators from 2016 to 2018.
Singer and India were separated by just 13 picks in the 2018 MLB draft, with the Reds selecting India fifth overall and the Royals taking Singer 18th.
Together they helped the Gators to the 2017 College World Series championship. Singer started and won two games in the CWS. India was a key contributor for the 2017 team despite an injury, and he earned SEC Player of the Year honors as a 2018 All-American, lifting Florida to a 2018 CWS win in an elimination game with an RBI single and three-run homer against Texas.
Singer was the Royals’ first-round pick in 2018.
The Baltimore Orioles’ Grayson Rodriguez (11th overall) and the Seattle Mariners’ Logan Gilbert (14th), among the top pitchers in the American League last season, were two of the players selected between India at fifth overall and Singer at 18th.
Later in the first round, the Royals also took Jackson Kowar, a Florida teammate of India and Singer, 33rd overall.
At Florida, Singer posted a 23-10 record and 3.22 ERA. In his final college season, Singer was named Baseball America National Player of the Year, and won the Dick Howser Trophy as the National Collegiate Baseball Writers Association’s top college baseball player.
Singer’s high school, Florida’s Eustis HS, produced another former Reds draft pick.
Catcher Chris Okey starred at Eustis, a couple of years before Singer. He played three seasons at Clemson before the Reds made him their second-round pick in the 2016 MLB draft. Okey had two hits in 13 plate appearances for the Reds in 2022.
Singer played at Tavares High School and transferred to Eustis before his senior season. He was drafted by the Toronto Blue Jays in the second round of the 2015 MLB draft, but opted instead to pitch for the Gators.
Singer pitched six shutout innings at GABP in the Royals’ win against the Reds in August.
Singer scattered five hits and walked one while striking out six in Kansas City’s 8-1 win. India had one of those five hits.
It was the only start out of 10 Singer made in August and September that he won.
Singer’s only other career start against the Reds came in July 2021. He allowed one run on five hits and a walk while striking out six over six innings in a no-decision. India walked and singled off of Singer.
Singer struck out the only batter he faced in the 2024 postseason.
In Game 3 of the American League Division Series against the New York Yankees, Singer entered a 2-2 game in the top of the 7th inning and struck out American League MVP Aaron Judge to end the inning.
One inning later, the Royals’ Kris Bubic gave up a solo home run to Giancarlo Stanton, which proved to be the difference in a 3-2 win.
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