Posted on 06/12/2009 3:59:28 AM PDT by TigerLikesRooster
SKorean-led consortium to buy AIG headquarters
AFP - Thursday, June 11
SEOUL (AFP) - - A South Korean-led consortium said Thursday it has reached a deal to buy the New York headquarters of troubled US insurance giant AIG, the first major purchase by a Korean firm of a Wall Street property.
American International Group has agreed to sell its 66-storey headquarters and an adjacent building to the consortium led by Kumho Investment Bank, Kumho said in a statement.
Kumho said it signed a contract and made a down-payment on June 2 and the remainder of the purchase price would soon be paid. It refused to disclose the price or the other consortium members
(Excerpt) Read more at malaysia.news.yahoo.com ...
Ping!
America has become a fire sale.
I’m most concerned with America.
Just in time for the commercial RE crash.
So.. I remembering hearing about how the Japanese are buying up America and it was bad..
Does the AIG come with it?
Exactly. We always take these guys money. They buy right before teh crash and sell when their finances require later on down the road. At a loss.
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