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New York

AIG could sell three properties to pay off loan

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Three of American International Group’s buildings in the city could be put up for sale to raise money and repay the company’s $85 billion federal loan. AIG’s headquarters at 70 Pine Street is 775,000 square feet, and could fetch between $400 and $500 per square foot. AIG also owns 72 Wall Street and 175 Water Street. The headquarters and 72 Wall could work well as residential properties, said Dan Fasulo, managing director at Real Capital Analytics.