Simon Property Group

By Tim Logan GLOBE STAFF August 26, 2017


Boston was flying high.

New towers were transforming the downtown skyline, while growing companies couldn’t hire fast enough to fill open jobs. Home prices had been surging for half a decade, and condo builders were racing to keep up with the demand.

The year was 1988. And what happened next was a real estate bust just as epic as the boom that preceded it. Jobs vanished. Banks failed. Unsold condos littered the market.

It took most of a decade for Boston to dig out.


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