NU Online News Service, June 10, 11:23 a.m. EDT

American International Group's New York headquarters tower and a nearby AIG skyscraper have been bought by the investment and development firm Youngwoo & Associates (YWA) and a Korean bank, a brokerage firm said.

Los Angeles-based C.B. Richard said the AIG headquarters at 70 Pine Street and 72 Wall Street will be acquired by Korea's Kumho Investment Bank (Kumho) and YWA in New York for an undisclosed price.

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