Goldman to push more New York office collateral on CMBS investors
Goldman Sachs is prepping a single asset deal backed by part of a $1.2bn financing package on New York office building One Worldwide Plaza, according to sources. But while New York office collateral has formed the bedrock of SASB issuance this year, investors could soon start running up against concentration limits, according to one originator.
Goldman is understood to have closed the financing of the One Worldwide Plaza building on Thursday, with pre-marketing of the CMBS deal expected to start next week, according to a sell-side source.
SL Green Realty Corp and RXR Realty bought a 48.7% interest in Worldwide Plaza from New
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