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BOSTON- Monday’s announcement of bankruptcy sent shockwaves through the financial world and the commercial real estate business will not go unscathed. New York was the immediate concern, but as the Lehman’s woes began to play out, other cities focused on the ripple effects, as well.

With the Chapter 11 filing of Lehman, the indication was that services could be salvaged and kept open, but there have been no guarantees as to the future of the firm’s national holdings. As the Boston Business Journal is reporting, Massachusetts has over 1,000 Lehman Brothers employees and tens of thousands of sf in real estate in Boston’s Financial District. To read the complete article, click here.

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