A Goldman Sachs Group Inc. real-estate fund that has walked away from a number of struggling investments is taking a different approach with a Chicago skyscraper, deciding to fight its creditors rather than surrender ownership of the building.
Goldman and its partner, property manager Golub & Co., are required to repay on Feb. 9 some $400 million in debt that they put on the John Hancock Center after they purchased the 100-story tower in 2007. But a default is likely because the owners haven't been able to sell or refinance for that amount.
http://online.wsj.com/article/SB10001424052970203920204577195363341608478.html
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