The AIG buildings — 70 Pine Street, which might become a landmark, and
72 Wall Street — sold for less than $140 million, under $100 a foot,
according to the Post. It was announced yesterday that Youngwoo &
Associates and Kumho Investment Bank agreed to buy the buildings, AIG’s
former headquarters, which total 1.4 million square feet. Darcy Stacom
and Bill Shanahan of CB Richard Ellis represented AIG in the marketing
of the two buildings, which are connected by a skyway. Sources said
Youngwoo has a mixed-use plan for the buildings. [more]