Downtown's Biggest Building Deal of '09: New Details on Pending AIG Sales

As early as the afternoon of May 26, an offshore buyer was expected to wire a deposit for both of moribund insurance giant AIG’s towers in Lower Manhattan, according to an industry source.

The taking price for 70 Pine Street and 72 Wall Street is said to be in the ballpark of about $100 a square foot, which, as the first major Lower Manhattan building sale since early 2008, would be...

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