Boston’s Financial Future at Risk: Experts Sound Alarm

In this episode, we explore the dire warnings from experts regarding Boston's financial stability, highlighting the potential impact of declining commercial property values. We also discuss the ongoing turbulence in the commercial real estate market as rising interest rates challenge borrowers and lenders. Additionally, we cover the significant hiring of Cody Morrison at JLL, a move that could reshape Seattle's CRE landscape, and the recent sale of a historic retail property in Denver, showcasing the demand for unique commercial spaces.

Sources:
https://www.bostonglobe.com/2024/10/17/metro/boston-property-tax-proposal-alternatives-future-financial-worries/
https://www.mpamag.com/us/specialty/commercial/commercial-real-estate-turbulence-not-easing-yet-exec/510113
https://www.connectcre.com/stories/jll-adds-seattle-commercial-real-estate-veteran-cody-morrison/
https://rebusinessonline.com/pinnacle-brokers-sale-of-6233-sf-retail-property-in-denver/

Outline:
(00:00:00) Introduction
(00:00:41) Experts warn Boston’s future financial woes are more dire than Wu says
(00:03:49) Commercial real estate turbulence not easing yet
(00:06:12) JLL Adds Seattle Commercial Real Estate Veteran Cody Morrison
(00:08:44) Pinnacle Brokers Sale of 6,233 SF Retail Property in Denver