Thursday Feb 29, 2024
Invesco Acquires New Jersey Industrial Asset, Ireland’s Commercial Real Estate at Risk
Invesco pays $55M for a new industrial asset in New Jersey. Ireland's commercial real estate valued at €50 billion is at risk. Plus, the concerns and potential fallout from the slumping value of commercial real estate. Also, brokerage firms issue notes of optimism after year-end improvements in the market.
Sources:
https://www.commercialsearch.com/news/invesco-pays-55m-for-new-jersey-industrial-asset/
https://bnnbreaking.com/finance-nav/irelands-50-billion-commercial-real-estate-at-risk-central-bank-warns-of-disorderly-correction
https://www.afr.com/property/commercial/how-worried-should-you-be-about-commercial-real-estate-20240227-p5f880
https://www.bisnow.com/national/news/commercial-real-estate/cre-brokerage-firms-issue-notes-of-optimism-amid-year-end-improvements-123114
Outline:
(00:00:00) Introduction
(00:00:42) Invesco Pays $55M for New Jersey Industrial Asset
(00:02:43) Ireland's €50 Billion Commercial Real Estate at Risk: Central Bank…
(00:05:41) How worried should you be about commercial real estate?
(00:08:52) Brokerage Firms Issue Notes Of Optimism After Year-End Improvements