![]() ![]() Goldman is part of a group of banks that made a $1.7 billion loan to the Columbia Property Trust, a real-estate investment firm that owns several of Twitter's office spaces. ![]() Verb Phrases move in, to begin to occupy a place in which to live or work. a play or maneuver, as in a game or sport. (in chess, checkers, etc.) a player's right or turn to make a play. To change in position from one point to another: moved away from the window. an action toward an objective or goal step: a move toward a higher tax. move synonyms, move pronunciation, move translation, English dictionary definition of move. That dwarfs the rise of commercial-real-estate delinquencies across the US banking industry, with bad commercial real-estate loans rising just 30% nationwide, notching $12 billion over the first quarter.ĭelinquent loans – which are late on payments by a certain number of days or more – have become a growing concern in the commercial-real-estate sector as credit conditions tighten, borrowing costs rise, and prices for assets like office properties fall as remote work persists.īut the jump in Goldman Sach's bad commercial-property loans appears partly attributable to Twitter, which has reportedly not paid rent on its offices since November. noun an act or instance of moving movement. Elon Musk's decision not to pay rent on Twitter's offices is causing pain to Goldman Sachs' commercial-mortgage portfolio.Ĭiting data from the Federal Deposit Insurance Corporation, the Financial Times reported this week that Goldman Sachs' banking arm saw the value of delinquent commercial-real-estate loans rise 612% to $840 million over the first quarter.
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