Manhattan Landmark 70 Pine St. Said to Be Sold for $205 Million

New York’s landmark 70 Pine St., the former headquarters of American International Group Inc., is under contract to be sold to a venture including Metro Loft Management, two people with knowledge of the transaction said.

The seller of the art deco tower is South Korea-based Kumho Investment Bank and the purchase price was $205 million, said the people, who asked not to be named because the the deal was private. Jones Lang LaSalle Inc. was the broker.