Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Chicago & Midwest  + Downtown  + Office  | 
The Citadel Center in downtown Chicago will no longer house the headquarters of its namesake tenant when the firm moves to Miami

Ken Griffin Moving Citadel Headquarters to Miami 

Ken Griffin, who heads Citadel, the Chicago-based hedge fund, told employees in a note Thursday he has moved his family to Miami and that the corporate headquarters of Citadel and its related securities unit will follow. The move has been rumored for weeks and comes after Griffin has frequently voiced complaints about Chicago’s crime and Illinois’ high taxes, Crain’s Chicago Business reported

“Miami is a vibrant, growing metropolis that embodies the American dream—embracing the possibilities of what can be achieved,” Griffin’s note says. “I am excited to have recently moved to Miami with my family and look forward to rapidly expanding Citadel in a city still rich in diversity and abounding with energy.” 

Known as Illinois’ richest man, Griffin added that although Chicago will remain important to Citadel, “many of our Chicago teams have asked to relocate to Miami, New York and our other offices around the world.” 

Connect

Inside The Story

Citadel

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Lease
New call-to-action
LeeAssociates-21-cube
Money360-15-cube