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Faltering insurance giant AIG, which has received a $173 billion federal bailout, has sold its New York headquarters at 70 Pine St. and the adjacent 72 Wall St. to help repay the U.S. government. The buildings were sold to a joint venture of local developers YoungWoo & Associates and KumhoInvestment Bank, a Korean financial institution. The sale price has not been disclosed, but news reports have estimated it is about $100 million.
June 17, 2009 at 12:00 AM
1 minute read
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