Reports AIG (AIG) Trying To Sell HQ

March 18, 2009 9:50 AM EDT
The blackhole, also known as AIG (NYSE: AIG), is trying to sell its corporate headquarters, according to reports from the New York Post.

The Post said bonus-bloated AIG could scrape up another $100 million or so bucks by selling its 66-story Art Deco headquarters in downtown Manhattan.

One of the potential buyers is the union that represents doormen and porters at office and apartment buildings. AIG hired Cushman & Wakefield to sell the building.

AIG could have potentially got $320 million for the building when the real-estate market was booming, but will be lucky to get $100 million now.

Link to NY Post Article.

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