• ACRE Faces Analyst Downgrades Amid Market Turbulence

  • Oct 27 2024
  • Length: 11 mins
  • Podcast

ACRE Faces Analyst Downgrades Amid Market Turbulence

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  • Summary

  • Ares Commercial Real Estate Co. (NYSE: ACRE) receives a consensus rating of 'Reduce' from analysts, raising concerns for investors. Meanwhile, JPMorgan promotes Michelle Herrick to lead its commercial real estate division during a challenging time for the sector. In a historic sale, a Miami office tower changes hands for $443 million, reflecting the ongoing demand for premium properties. Lastly, the Q3 2024 Quarterly Data Review reveals persistent turbulence in the office sector, with over $20 billion in loans under special servicing. Join us for insights and analysis on these critical developments in the commercial real estate landscape. Sources: https://www.marketbeat.com/instant-alerts/nyse-acre-consensus-analyst-rating-2024-10-27/ https://www.mpamag.com/us/specialty/commercial/jpmorgan-promotes-insider-to-lead-commercial-real-estate-business/511365 https://www.commercialcafe.com/blog/701-brickell-ave-miami-office-tower-sale/ https://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.html Outline: (00:00:00) Introduction (00:00:47) Ares Commercial Real Estate Co. (NYSE:ACRE) Receives Consensus Rating of "Reduce" from Analysts (00:02:26) JPMorgan promotes insider to lead commercial real estate business (00:05:19) Miami Office Tower Changes Hands in Historic Sale (00:08:10) Trepp and Commercial Real Estate Direct Release the Q3 2024 Quarterly Data Review, Analyzing Data that Shows Persistent Turbulence in the Office Sector
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