Citadel world head of litigation Brooke Cucinella discusses the case in opposition to the IRS over leaked tax information on ‘The Large Cash Present.’
Ken Griffin’s Chicago actual property selloff is almost full, because the billionaire’s last condominium within the metropolis has reportedly gone below contract, marking the tip of a sweeping divestment that adopted Citadel’s transfer to Miami.
Griffin’s spokesperson instructed Bloomberg Wednesday that the billionaire’s final Chicago property, a condominium at 800 N. Michigan Avenue, has gone below contract.
The total-floor duplex penthouse that’s described because the “crown jewel” of Park Tower is listed on Zillow for $12.5 million, a roughly 20% lower from its July asking value of $15.75 million.
Griffin moved the worldwide headquarters of his Citadel and Citadel Securities to Miami from Chicago in June 2022.
‘GONE TO FLORIDA AND TEXAS’: NEW BILLBOARDS SLAM NY, NJ OVER MASSIVE RESIDENT FLIGHT TO RED STATES
Ken Griffin, CEO and founding father of Citadel Advisors LLC, throughout a “Bloomberg Wealth with David Rubenstein” interview on Feb. 25, 2022. (Christopher Dilts/Bloomberg through Getty Photos / Getty Photos)
“There’s something very special about the government in Florida and their focus on delivering traditional values for the community,” he mentioned at an occasion organized by the Financial Membership of Miami a number of months after making the announcement.
Sam DeBianchi of DeBianchi Actual Property on the brand new SmartAsset survey discovering folks with a six-figure wage can cut back taxes by hundreds yearly and profit from a decrease price of residing with a transfer to Florida and the rise of foreclosures in 2023.
Bloomberg reported that Griffin owned a spread of high-end properties in Chicago over time however unloaded most of them after asserting the relocation of his hedge fund.
KEN GRIFFIN REVEALS ‘25 BULLET HOLES’ IN CHICAGO BUILDING DROVE CITADEL MOVE TO MIAMI
He instructed the outlet in October, at a Citadel Securities convention in New York, that his firm’s deliberate workplace tower in Miami’s Brickell neighborhood will in all probability price round $2.5 billion.
Miami Seaside, Florida, Biscayne Bay, Miami downtown metropolis skyline. (Jeffrey Greenberg/UCG/Common Photos Group through Getty Photos / Getty Photos)
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“South Florida has something that the rest of the world wants. It has oceanfront property in a state with extraordinarily safe streets, great schools, strong sense of community, great cultural institutions. Miami is one of the most vibrant cities in the world,” mentioned Griffin.
“With respect to a real estate portfolio, you’d be hard-pressed to beat the returns of real estate in South Florida over the last seven years.”
