After all the drama going on with AIG versus the American public this week, the huge insurer is walking away with its tail tucked and putting its headquarters up for sale.
Mark Herr, a spokesman for AIG said that the company is selling 70 Pine Street and 72 Wall Street in New York City to help “boost operations.”
Once AIG leaves the building, it could be hard to find a buyer for the building for another business due to the recession. Dan Fasulo, managing director at research firm Real Capital Analytics Inc., said that the best use of the building would be something like a hotel or apartments.
This is just one of the two gestures of good faith AIG gave today after being shamed by Congress.