In this episode, we discuss JPMorgan Chase's appointment of Michelle Herrick as the new head of its commercial real estate division, a pivotal move as the sector faces rising interest rates and remote work challenges. We also analyze CBRE's impressive Q3 financial results, showcasing a resurgence in office leasing demand. Additionally, we delve into the Q3 2024 Quarterly Data Review by Trepp and Commercial Real Estate Direct, highlighting ongoing turbulence in the office sector, and explore the distressed debt situation of a downtown San Francisco tower now listed at half its previous value.Sources:https://www.mpamag.com/us/specialty/commercial/jpmorgan-promotes-insider-to-lead-commercial-real-estate-business/511365https://www.bizjournals.com/dallas/news/2024/10/25/cbre-strong-q-3-second-highest.htmlhttps://www.prweb.com/releases/trepp-and-commercial-real-estate-direct-release-the-q3-2024-quarterly-data-review-analyzing-data-that-shows-persistent-turbulence-in-the-office-sector-302287348.htmlhttps://www.sfchronicle.com/realestate/article/sf-tower-discount-19863251.phpOutline:(00:00:00) Introduction(00:00:45) JPMorgan promotes insider to lead commercial real estate business(00:03:50) CBRE reports strong Q3 financials as office leasing demand returns(00:07:06) Trepp and Commercial Real Estate Direct Release the Q3 2024 Quarterly Data Review, Analyzing Data that Shows Persistent Turbulence in the Office Sector(00:09:39) Downtown S.F. tower to be listed at 50% of previous value, latest distressed debt discount