The sale of GreenSky to a group of investors marks a critical step in the Wall Street bank’s retreat from consumer lending.
Goldman sells the consumer lender GreenSky after significant losses, less than two years after buying it.
Minutes from their last meeting showed that Fed officials saw risks of doing too much — or too little — to tame inflation.
Suniva is restarting a solar cell factory in Georgia as the industry gets a major lift from public and private investment, including a new $30M commitment from Nuveen.
The U.S. solar manufacturer announced it would reopen its idled factory in Norcross, Georgia, next year thanks to incentives in the Inflation Reduction Act that subsidize domestic manufacturing of clean energy equipment.
Australia’s largest pension fund is taking a hit on an eight-building U.S. office portfolio in which it has a 49% stake, including one building that is going back to the lender.
“In the US office sector in particular, we are holding assets at far less than what we bought them for several years earlier,” AustralianSuper head of Mid Risk Portfolios Jason Peasley told Bloomberg in an email.
AustralianSuper purchased the minority share in the portfolio from Brookfield Properties for $349M in 2015 as a way for the fund to enter the Washington, D.C., market.
The portfolio totals 2.2M SF and was 96% occupied at the time of the 2015 sale,…
Birkenstock is entering the market with hopes to grow its business in Asia and the United States.
Banking giant HSBC Holdings is beginning a worldwide review of its office and retail footprint as part of its effort to cut costs and otherwise streamline operations, React News reports. The bank occupies about 3,000 properties in 62 countries.
London-based HSBC is likely to appoint a number of real estate specialists to oversee the process, which will generate nearly $1B in fees over a period of five years, according to React News. JLL has been doing global facilities management for HSBC under a deal that runs until next year.
With nearly $3T in assets, HSBC is one of the 10 largest banks in the world. Its…
His culinary empire included several restaurants, an olive oil company, a winery and retail stores with a robust catalog business.
Once the symbol of the counterculture, lately the darlings of the fashion world, Birkenstock went public in New York.
In her second day testifying at the FTX founder’s trial, Ms. Ellison said she misled lenders at Mr. Bankman-Fried’s request.