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In a story that is sure to fill many American's with a warm sense of satisfaction, American International Group (AIG) has agreed to sell two of its buildings in lower Manhattan. Although the deal hasn't been made public yet, an agreement has, apparently, been reached between buyer and seller.

The irony continues, as it appears that AIG's headquarters at 70 Pine Street may soon be the site of condominiums (presumably, they will not be purchased with subprime mortages). According to reports, the space was sold for approximately $100 million to an overseas company that plans to transform it into a mixed-use development including both retail and residential spaces.

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Delicious irony: AIG has to sell its home originally appeared on BloggingStocks on Fri, 05 Jun 2009 15:30:00 EST. Please see our terms for use of feeds.

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