American International Group's New York headquarters tower and a nearby AIG skyscraper have been bought by the investment and development firm Youngwoo & Associates (YWA) and a Korean bank, a real estate brokerage said.
Los Angeles-based CB, Richard Ellis, said the AIG headquarters at 70 Pine Street and 72 Wall Street will be acquired by Korea's Kumho Investment Bank (Kumho) and YWA in New York for an undisclosed price.
In total, the two AIG properties consist of 1.4 million rentable square feet in the heart of Manhattan's Financial District. The Pine Street building is 66 stories.
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