boston-commercial-real-estate

Jay Fitzgerald and Thomas Grillo from the Boston Herald have an interesting piece regarding the Boston commercial real estate market:

It probably won’t be as bad as the early-1990s commercial real estate collapse.

But local bank and real-estate leaders are bracing for conditions to worsen within the local commercial real estate market that’s already seen Boston’s John Hancock Tower and Waltham’s Bay Colony Corporate Center dumped by owners due to heavy debt, tight credit, and falling building rents and values.

“There’s no way in hell with rents and values falling by up to 50 percent that landlords will be able to get new debt financing,” said Joseph Sciolla, managing director of CresaPartners, a commercial real estate brokerage firm. “They’ll either have to get lots of equity or give the keys back

Read more: Boston Commercial Real Estate

Author Profile

John Ford
John Ford
EXPERIENCE

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs



In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.



HISTORY

For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.

AREAS COVERED

Back Bay

Beacon Hill

Charles River Park

Downtown/Midtown

North End

South End

Seaport District

South Boston

Waterfront

Brookline

Surrounding Communities of Boston
Contact
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.




John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114

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