180 Maiden Lane - AIG

Description

Goldman Sachs Had Another Reason to Want AIG Bailed Out
http://nymag.com/daily/intel/2009/08/goldman_sachs_had_another_reas.html

"Goldman Sachs owns quite a lot of office property, the Observer, er, observes today. And, as savvy financiers are wont to do, they also occasionally rent out things they don't actually own. Like the property at 180 Maiden Lane, currently occupied by AIG, which recently sold its old headquarters at 70 Pine Street. Back in June 2008, just a few short months before the Great Crash of 2009, AIG took over Goldman's lease in the glass building downtown. It was what the pink paper called "the largest lease transaction so far this year": 800,000 square feet, valued at around $215 per. And should AIG have failed to pay their rent, guess who would have taken the fall?"