Goldman Takes Heat for Conflicts at Whitehall
By ANTON TROIANOVSKI and LINGLING WEI
One of Goldman Sachs Group Inc.'s premier real-estate funds is in discussions with its lenders to restructure debt on some of its biggest investments: Nevada casinos, German office buildings and a U.S. hotel chain.
The wrinkle: One of the main lenders on those deals is Goldman Sachs.
With commercial real-estate values plunging, investors and their advisers have begun focusing on the conflicts. They say that Goldman is able to use its position as investor, lender and fee-collector to benefit itself at the expense of outsiders.
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