American International Group Inc. continues to divest assets. Bloomberg News reports today that the troubled insurer agreed to sell its New York headquarters and an adjacent building to South Korea-based Kumho Investment Bank, and Manhattan-based developer Youngwoo & Associates.
A contract was signed last week, according to a statement yesterday from CB Richard Ellis Group, the broker that represented AIG. The price wasn't disclosed. The properties, which have a total of 1.4 million square feet, are at 70 Pine St. and 72 Wall St.
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