Cash talks, even between political rivals. After years of multimillion-dollar marketing campaign battles and public spats, Illinois Governor JB Pritzker bought two luxurious condos from Citadel founder Ken Griffin at Chicago’s unique No. 9 Walton.
The $19 million deal, executed by a Delaware LLC known as Chicago Skyline Properties, arms Pritzker the constructing’s prime two flooring – a mixed 15,000 sq. toes of unfinished house full with plans for a non-public rooftop pool and pavilion. For Griffin, who relocated to Florida two years in the past, the sale marks a $15 million loss on properties he bought for $34 million in 2017, in response to The Actual Deal.
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“The Governor and first girl lately bought a rental in Chicago. They love the town and Chicago has been dwelling to them for a few years,” a Pritzker spokesperson advised the Chicago Tribune, preserving mum on the main points of this headline-grabbing transaction.
The true property deal provides to the duo’s contentious historical past. Griffin poured $20 million into opposing Pritzker’s 2018 gubernatorial marketing campaign earlier than spending $54 million to defeat the governor’s proposed graduated-rate earnings tax in 2020, the Actual Deal reported. The hedge fund billionaire later backed Republican challengers to Pritzker’s 2022 reelection bid with $74 million in contributions.
Their rivalry turned private when Griffin branded Pritzker “a shameless grasp of private tax avoidance” in a companywide e-mail. The governor fired again by labeling Griffin one in every of “the nation’s largest MAGA Republican billionaires,” the Tribune famous.
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In accordance with the Tribune, the sale ranks fourth amongst Chicago’s priciest residential offers, behind Griffin’s authentic $58.75 million buy at No. 9 Walton, German Larrea’s $20.56 million St. Regis Tower penthouse and Bryan Cressey’s $20 million Trump Tower acquisition. The constructing has grow to be a billionaire magnet, with Crown household scion Steven Crown dropping $17.4 million on the thirty fourth flooring in 2022.
Griffin, who lately stated he’s open to promoting a minority stake in Citadel, nonetheless holds two further flooring within the constructing. The thirty sixth flooring is at the moment listed at $8.5 million, whereas the thirty fifth flooring stays off the market. The transaction represents only a fraction of his Chicago property sell-off since he relocated Citadel’s headquarters to Miami, citing issues about native crime charges.
