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Where is the U.S. economy headed? What's ahead for inflation and rising interest rates? Find out here.
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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.
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Goldman CEO David Solomon says the commercial real estate sector is under pressure.
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Goldman breaks with other banks, says in a note CRE might not trigger a wider crisis after all.
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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.
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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.
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The Wall Street titan has raised $3.6B from third-party investors in the fund, known as West Street Real Estate Credit Partners IV.
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The loan on Columbia Property Trust's roughly 580K SF office building at 1800 M St. NW was originated in 2021.
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Goldman Sachs Asset Management believes U.S. CRE has reached its nadir and is ready to start buying again.
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While the broader office market is still facing significant headwinds, leading indicators are pointing to a recovery, Goldman says.
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