March 18 (Bloomberg) -- American International Group Inc. the insurer that received a $173 billion U.S. bailout, is considering a sale of its New York headquarters and another tower in lower Manhattan to help repay the government.
AIG is evaluating the sale of 70 Pine St. and 72 Wall St., spokesman Mark Herr said in an e-mail today. Two years ago the properties were likely worth about $315 million, said Dan Fasulo, managing director of Real Capital Analytics Inc., a New York-based firm that tracks commercial real estate sales.
“This is part of AIG’s divestiture strategy and effort to maximize operating efficiency,” Herr said in a statement. “Market interest received will help determine the best course of action.”
Saturday, March 21, 2009
New York City 2010
