Ultra-Wealthy Are Souring on Chicago's Most Elite Neighborhood [BNN Bloomberg (Canada)]
Morningstar, Inc. (MORN)
US:NASDAQ Investor Relations:
shareholders.morningstar.com/investor-relations/default.aspx
Company Research
Source: BNN Bloomberg
Two years later and he's sold one in Park Tower, a skyscraper on the Magnificent Mile, and one at the Waldorf Astoria at a loss of more than $3 million each. At No. 9 Walton, where he paid almost $59 million for four units in the biggest residential real estate deal in the city's history, he put two apartments up for sale before pulling the listings. Citadel's founder is hardly alone in experiencing the downturn in one of Chicago's most expensive neighborhoods. The family of billionaire Richard Driehaus, who died in 2021, also offloaded at least one of his Gold Coast homes for less than he paid. And Andrew Hall, co-founder of Chicago Trading Co., cut his asking price by 33% to sell his condo at $9.3 million in January. The historic Gold Coast, featuring 100-year-old mansions, opulent condos and designer boutiques, has lost some of its most illustrious residents and appeal in recent years as the city's high taxes and crime encouraged the wealthy to relocate. Those staying in Chica
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MORN
Analyst Actions
- 2/26/24 - TheStreet
MORN
Sec Filings
- 5/3/24 - Form 4
- 5/1/24 - Form 144
- 4/26/24 - Form 10-Q
- MORN's page on the SEC website