Goldman Hires Apollo Real Estate Executive for Australia Role
Green will be based in Sydney and lead the strategic direction and growth of Goldman's equity and credit real estate investing in the country, according to the memo. A spokesperson for Goldman Sachs confirmed the contents of the document.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
10 minutes ago
- Yahoo
New bank enters Pierce County market with building purchase, financial center
A familiar piece of real estate in Tacoma's downtown has attracted a new owner as an Eastern Washington-based bank enters the Pierce County and South Sound market. The building that most recently served as headquarters for Tacoma-based Commencement Bank, 1102 Commerce St., has been acquired by Spokane-based Washington Trust Bank. In April 2024 brokers announced that Commencement was moving operations to 1313 Broadway, leasing its space from X2Capital, LLC, affiliated with local developers John and Luke Xitco. The Commerce Street building's seller is an LLC affiliated with a local investor and Horizon Partners Northwest, which owns/manages various downtown commercial properties including Brewery Blocks. The LLC originally purchased the site in 1999 from U.S. Bank. The site sold for $3.25 million, according to records filed with the county July 30. Washington Trust Bank is the largest privately held full-service commercial bank in the Northwest. It has $11 billion in assets and more than 40 branches and offices in Washington, Idaho and Oregon. It has approximately 1,200 employees across its network. Washington Trust said in a release that specific plans for the newly acquired Tacoma building 'will be announced at a later date, as they are finalized.' 'Our commitment to the Greater Puget Sound region has grown steadily over the last 25 years, and we are pleased to see it culminate in a dedicated, physical presence in the heart of Tacoma,' Kevin Blair, president of Washington Trust Bank, said in a statement. Blair added that 'our investment in Tacoma not only brings services closer to our valued customers in South Puget Sound communities, but fills a void for individuals and businesses in the area who have seen too many other banks consolidate or close their doors… .' Full service Tacoma financial center also in works In its release, Washington Trust Bank also said that it plans to introduce a full-service financial center at 950 Pacific Ave. (the Rust Building), this fall. 'Current and new clients in the area will have in-person access to local relationship bankers offering a broad spectrum of commercial, small business, mortgage, private, and retail banking as well as wealth management services,' according to the bank's release. Senior vice president and team leader Sarah Howard of Washington Trust Bank spoke Thursday with The News Tribune about the bank's plans and how it unfolded. Howard is responsible for managing Washington Trust's commercial banking portfolios, branch leadership and growth in South Sound. 'We were in the process of setting up the financial center, and the opportunity to purchase the building came up,' Howard said. 'It was a pretty quick transaction, so they need some time to do some assessment and what will work there and what changes they may need to make. 'The likelihood is that our first opening would be at 950 Pacific Avenue,' she added. This is the bank's first foray into Pierce County. Howard noted that plans have been in the works for awhile. 'The bank was doing their due diligence on how and where and when they should deploy some expansion,' she said. 'They opened a branch in Vancouver last November.' With the next closest branches being in King County, 'there was a lot of work done behind the scenes with our executive team about where would make sense (to expand), and Pierce County kind of hit the top of the list,' she said. The financial center and Commerce Street sites likely won't be the end of the bank's growth in the county, she noted. 'Typically how the bank will do an expansion is they start with a financial center, which is kind of a hub. That's what downtown Tacoma will be,' she explained. 'From there, then they'll figure out where some of the retail branches need to be located,' she added.
Bloomberg
11 minutes ago
- Bloomberg
What's Productive About Bunnies Jumping on a Trampoline?
This is Bloomberg Opinion Today, the personal superintelligence of Bloomberg Opinion's opinions. Sign up here. In his column today, Justin Fox says 'great hope is attached to the potential of generative artificial intelligence to make knowledge workers more productive, with Goldman Sachs predicting a 1.5 percentage point increase in annual productivity growth.' If that actually were to happen, the White House's out-of-control debt crisis might morph into a much more manageable problem:
Bloomberg
12 minutes ago
- Bloomberg
Maturity Wall Coming Up Next Year: Rob Brown
Lincoln International Global CEO Rob Brown believes since the maturity wall is coming within a year, its driving activity and causing private equity to sell. He explains more with Sonali Basak on "Bloomberg Markets." (Source: Bloomberg)
