Goldman Sachs’ First CMBS Deal of 2022 Tied to Pimco’s Purchase of Columbia Property Trust

Lenders on Pimco’s December purchase of big-city office owner Columbia Property Trust for $3.9 billion are bringing a portion of the financing to commercial mortgage bond investors. Financial backing on that deal led by investment bank Goldman Sachs was viewed as a positive sign for U.S. office real estate as occupancy in markets such as New York hit record lows.