03:57 PM EDT, 08/06/2024 (MT Newswires) -- Goldman Sachs ( GS ) is leading a group of lenders that took control of TSX Broadway after developers Fortress Investment Group and L&L Holding failed to repay the loan on the building located in New York City's Times Square, Bloomberg reported Tuesday, citing people familiar with the matter.

The lender consortium appointed SL Green Realty to manage the building and prepare for a potential sale. The developers of the site failed to pay the loan at maturity, the people were quoted as saying.

Goldman Sachs ( GS ), SL Green, Fortress and L&L did not immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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