Deutsche Bank and Goldman Sachs are marketing $600 million of bonds backed by a single, newly constructed Manhattan office building, 10 Hudson Yards.

Single-asset commercial mortgage bonds are inherently risky, and the 52-story 10 Hudson Yards is the first building to be completed in what is the largest private real-estate development in the United States. That means another 17 million square feet of mixed use space will be coming on line in this nascent sub-market.

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