Sunday, March 18, 2007

Goldman Sachs Pulls Out Of Real Salt Lake Deal

As reported by the Deseret News, Goldman Sachs real estate investment arm Whitehall has pulled out of it's deal with Real Salt Lake. For their investment, they were going to own 50% of SCP Worldwide's Real Salt Lake. Typically these investment funds put their money into a project with a 3-5 year time horizon. Whitehall has over $30 billion in real estate investments and recently purchased the John Hancock tower in Chicago for over $300 million. What happened that caused Whitehall to pull out at the last minute?

1 comment:

Anonymous said...

good commentary on this at