NY Observer > Goldman Sachs Group Inc.

It's Year's Largest New Lease, But So What? Assessing AIG's Gobble of Goldman's Maiden Space

Dana Rubinstein — Tue, 10 Jun 2008 19:36:20 -0400

Insurance giant AIG has assumed the remainder of Goldman Sachs’ lease at 180 Maiden Lane, which, at 800,000 square feet, is the largest lease transaction so far in 2008.

“We will consolidate several AIG offices in Manhattan to 180 Maiden Lane,” said a source familiar with the deal. read more »

Goldman Sachs Bonuses to Average $600,000 Per Employee

Tom Acitelli — Tue, 18 Dec 2007 09:11:21 -0500

Goldman Sachs, the world's largest investment bank, is set to report on Tuesday a record annual profit of $11 billion, according to news reports this morning. More importantly for New York City and its real estate market, the average Goldman Sachs year-end bonus is expected to average an astounding $600,000 per employee--about double the average paid at other firms.

WSJ: Related Companies to Receive Whole Lot of Money

Eliot Brown — Mon, 17 Dec 2007 10:46:02 -0500

Stephen Ross’s Related Companies is receiving an infusion of $1.4 billion from investors, including Goldman Sachs and investment firms from the Middle East, according to an article in today’s Wall Street Journal [subscription].

The firm is apparently now worth about $5 billion, the Journal tells us: read more »

Crane Malfunction Injures One at Goldman Sachs Tower Site [UPDATED]

Eliot Brown — Fri, 14 Dec 2007 14:53:10 -0500

Editor's note: This is an update to an earlier breaking news story.

A construction accident at the site of Goldman Sachs’ new world headquarters downtown injured one worker this morning, as a crane dropped a seven-ton cargo load on a trailer, according to preliminary reports from the Fire Department and Department of Buildings. read more »

Accident at Goldman Sachs Tower Site Injures One

Eliot Brown — Fri, 14 Dec 2007 14:17:25 -0500

The Associated Press is reporting that an architect has been injured in an accident at the Goldman Sachs tower, currently under construction by the World Trade Center site.

A crane dropped a load of metal rods and sheet rock onto a trailer, injuring an unnamed architect. The condition of the worker was not released, according to the report. read more »

Report: Goldman, KKR Prepare $24 B. Bid For Macy's

Observer Staff — Thu, 19 Jul 2007 07:20:25 -0400

Women's Wear Daily is reporting this morning that Kohlberg Kravis Roberts and Goldman Sachs Group are preparing a $24 billion bid to buy the Macy's retail chain.

According to WWD, a bid was expected last weekend, and both parties want to finalize a deal in time for Macy's investors' meetings scheduled for July 23: read more »

Associate Gets Crushed Beneath White Shoe

Anna Schneider-Mayerson — Sun, 18 Feb 2007 19:00:00 -0500

Early on the morning of Feb. read more »

Spotlight on the Wealth Gap: Goldman’s Wretched Excess

Michael M. Thomas — Sun, 07 Jan 2007 19:00:00 -0500

In 1992, I wrote a short book about a number of things going on in this country that I thought we as read more »

New Head for City's Economic Development Corporation?

Observer Staff — Mon, 18 Dec 2006 09:08:43 -0500

Crain's is reporting that Robert Lieber, a managing director of Lehman Brothers, has accepted the presidency of the city's Economic Development Corporation. Mr. Lieber would take over from Andrew Alper, a former COO of Goldman Sachs, who left the EDC post in June after four years. - Tom Acitelli

No, No, No. Yes. The Mayor’s Curious Evolution on Public Money for Private Real Estate

Matthew Schuerman — Sun, 10 Dec 2006 19:00:00 -0500

Mayor Bloomberg came into office vowing to end corporate welfare as we know it. And he did. read more »