Is that insanely cheap for commercial real estate? Seems like! Anyhow, the haunted million-square-foot carcass of the former AIG headquarters at 70 Pine and 72 Wall Street in beautiful New York City appears to have found a buyer for the bargain-basement price of $100 million. Who’s the lucky winner, Donald Trump? The Cato Institute? The buyers “would have been carefully vetted,” a source told the New York Post, from which we can conclude it’s just Tom Daschle wasting the last of his lunch money. [New York Post]











Sounds good to me. I’ll take three square feet. Where do I send the check?
If I’d only heard about this sooner, 3 square feet of that bitch would have been mine! Just need enough space to keel over and die on.
Vetted like a Subprime Mortgage Security!
Someone said it’s going to be either a Starbucks, a CVS, or an Olive Garden–you know, because we don’t have enough of those already.
Can I assume that every Wonkette commenter has an extra $300? I’d rather spend my $300 on a new bong and some Northern Lights.
Larry McAwful: Well, damn. Maybe we could go in together and they’d cut us a deal. 7 square feet for the price of 6.
Carefully vetted? What, as in they’ll be paying with cash?
Anchor of New Chinatown?
“The buyers would have been carefully vetted because neither AIG nor the brokers at CB Richard Ellis want to have egg on their faces”
Well of course — AIG has a reputation to protect, and they certainly don’t want to be known for diving into a deal without being aware of the consequences.
Combo Hummer Showroom and Harvest Christian Fellowship megachurch.
The only biz that’s up in this economy is either porn or booze. So I’m hoping a ‘full-service’ bar/resort/IMAX porn theater… with Swinger’s Suites. Elliot Spitzer will be your Activities Director.
Sichuan Tengzhong Heavy Industrial Machinery Company will be building Hummers there.
If they’re selling trade fixtures, I would be interested in the solid gold urinals and the alter where they sacrificed recent Harvard MBAs in front of an image of Gordon Gekko.
appears to have found a buyer for the bargain-basement price of $100 million
You mean they’re getting the whole building for the price of the basement? That’s some shrewd haggling, right there. Do you think the new owners would have time to run GM?
Former Governor Spitzer’s real estate company bought it, and will turn it into a classy brothel.
Mark Penn is setting up the new Bowser’s castle after MariObama blew up the last one.
That makes Manhattan real estate cheaper than my house in DC. Apparently DC really is now the world’s financial capital. How depressing.
Inadequate Blackmail: I’m game. Maybe we could open a newspaper stand, and then apply for a bailout.
ProfessorJukes: Don’t forget fast food services for the “resort.” Imagine a food court, but no mall!
Wait, I thought we each owned a piece of it already. When do we move in? Or do we each get a Pontiac, I forget.
I’m pretty sure the Cato Institute is a front group for poor crazed unsexed losers.
DC Hates Me: Poor crazed unsexed MALE losers. Poor crazed unsexed FEMALE losers have what? Oprah? Eckardt Tolle?
China’s buying it — they’re going to use it to quarantine all their swine flu cases.
Larry Fine:
Definitely a higher class of tenant than AIG.
Al Qaeda really did need an office in New York.
It’s probably AON, since they also took over AIG’s sponsorship of Manchester United. And think of the savings in only needing to replace two letters on all the signs!
The roof,
the roof,
the roof is on fire.
Burn, motherfucker, burn.
How many bathrooms?
I heard Dickhead Cheney’s “new” company, Xe, is buying it for knock-out pricing…
It’s Hummer China’s new US headquarters.
Regents Law School, natch. Since they got kicked out of DC and all.
queeraselvis v 2.0: Wait — they need more than a PO Box?
Can’t the US Government hire a bunch of jihadis to bring the thing down, or use some kind of super secret controlled implosion?
It’s gotta be insured for more than $100/sq foot.
(but send out a super secret twitter to all the Jews to make sure they don’t show up for work that day)
SayItWithWookies: That one leapt out at me too. The stuff just seems to write itself doesn’t it?
Bruno: How little you seem to know about the melting point of steel.
That’s an awesome Art Deco building with gothic influences, one of my favorites in the city. (I think the building in the photo Sara put up there is AIG’s London headquarters, not the NYC one.)
Also the building was originally built in the 30s as Citgo’s headquarters (some oldsters still call it the Cities Service Building). Maybe Hugo Chavez will want it back.
Bernie Madoff is handling the sale from his cell. Promises a nice 40 percent annual profit for all who invest early.