Former AIG Building Will Likely Be Sold For $100 A Square Foot
Wednesday, June 3rd, 2009
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]












If you’re like most Americans, this blessed holiday season the grown-ups in your family agreed to buy presents “just for the kids” while everyone else huddled beneath a single thin quilt like Charlie Bucket’s grandparents. As a result, newly released holiday sales figures were unbelievably sucky. Congratulations, consumers! Your failure to continue to borrow and spend as usual has finally ruined even our discount retailers.