In this episode, we explore how climate risk is driving up property insurance prices, impacting commercial real estate investments. We also discuss the auction of a South Jersey office building amid rising commercial foreclosures, and JPMorgan's appointment of Michelle Herrick to lead its CRE division. Additionally, we analyze the recent foreclosure of a boutique office in Manhattan, shedding light on the challenges and opportunities in today's market. Join us for insights that are crucial for investors and stakeholders navigating this evolving landscape.Sources:https://www.reinsurancene.ws/climate-risk-drives-up-property-insurance-prices-impacting-commercial-real-estate-report/https://www.bizjournals.com/philadelphia/news/2024/10/27/2-executive-campus-cherry-hill-auction-sale.htmlhttps://www.mpamag.com/us/specialty/commercial/jpmorgan-promotes-insider-to-lead-commercial-real-estate-business/511365https://www.commercialcafe.com/blog/cim-forecloses-88-university/Outline:(00:00:00) Introduction(00:00:43) Climate risk drives up property insurance prices, impacting commercial real estate: Report(00:03:52) JPMorgan promotes insider to lead commercial real estate business(00:06:41) CIM Group Forecloses on Manhattan Boutique Office Owned by Arch Companies