"When I joined the real-estate group, there was not a fully formed public market in real estate. Read more: Real-estate developers are betting on a risky strategy to reimagine retail space in hopes of rescuing struggling shopping centers. Duffy Michael - Fire Safety Director at Goldman Sachs "Some relationships go back to my 15 years at the firm.". Goldman Sachs JV Pays $1.2B for Affordable Housing Goldman Sachs Real-Estate Investment-Banking Wheeler said only 3% of investment sales transactions since the pandemic have been distressed. Jonas saw the boom firsthand. Smith is a gaming-industry veteran. "The reason why gaming is in real estate is because of the value of the real estate underlying, for example, Las Vegas," Smith said. "We've actually seen our market share increase compared to 2008," Wheeler said. He now focuses mostly on single-family rentals, real-estate private equity and asset management, commercial REITs, and property technology, also known as proptech. "The better you are at connecting the dots, the better you are at delivering advice," Wolitzer said. "The retail sector is affected in a material way," Borter said. These are the new winners and losers. Who is Michael Daffey Goldman Sachs veteran buys The promotions, which are announced once every two years and among the most coveted on Wall Street, put recipients one step below partner at the prestigious investment-banking firm. "When we tell people what not to do, we don't make any money, but that's what a relationship is built on," Graziano said. Leadership Borter said the pandemic's effect on Goldman's deal flow was very severe at first. The team is now helping its clients navigate the commercial real-estate landscape during the pandemic, which threatens shake-ups in hard-hit sectors like hotels and retail but is also providing major boosts for industrial real-estate assets. Jeff has held a range of senior positions at various financial institutions (Goldman Sachs, Deutsche Bank & Bank of New York), holds a Bachelor of Commerce degree from University College Dublin and is a Certified Investment Fund Director. He spent the early part of his career as an investment-banking analyst at firms including Merrill Lynch and did work for real-estate developers. While he's had a much longer tenure on the financial side, that time as a lawyer has helped him see the whole picture of corporate dealmaking, beyond the usual financial view. Here, you see the light at the end of the tunnel in the form of the vaccine.". Wolitzer started his career off as a corporate attorney but migrated to finance after only two years as a lawyer.