Goldman Sachs Chief Credit Strategist: Path Toward Soft Landing Narrows, But It's Not All Bad News
Where is the U.S. economy headed? What's ahead for inflation and rising interest rates? Find out here.
Where is the U.S. economy headed? What's ahead for inflation and rising interest rates? Find out here.
Goldman Sachs CEO David Solomon said that the company will expect as many as 4,000 job cuts by next month as the firm goes into cost-saving mode.
Goldman CEO David Solomon says the commercial real estate sector is under pressure.
Goldman breaks with other banks, says in a note CRE might not trigger a wider crisis after all.
The banking giant reported a 58% decline in net earnings last quarter, which it attributed in part to losses in its commercial real estate investments.
The firm first asked employees to return to the office five days a week in May 2022, but managers have reportedly grown frustrated with employees' reluctance.
The Wall Street titan has raised $3.6B from third-party investors in the fund, known as West Street Real Estate Credit Partners IV.
The loan on Columbia Property Trust's roughly 580K SF office building at 1800 M St. NW was originated in 2021.
Goldman Sachs Asset Management believes U.S. CRE has reached its nadir and is ready to start buying again.
While the broader office market is still facing significant headwinds, leading indicators are pointing to a recovery, Goldman says.
We're not asking for your money. This is not a step towards a paywall. Our news is free and we intend to keep it that way.