The latest warning sign the commercial real estate market is sliding into a downturn is news from Bloomberg that Goldman Sachs is trying to unload Ireland's largest shopping mall for a loss after acquiring it two years ago.
Bloomberg said a source had explained Goldman is asking €650 million ($695 million) for the Blanchardstown Shopping Centre in west Dublin. The property was acquired from Blackstone Group LP in the second half of 2020 for €750.