Tag Archives | AIG

“Magic” Johnson: Savior of 20 Henry?

According to this Brooklyn Daily Eagle article, it’s reported that a joint real estate venture in which basketball great Earvin “Magic” Johnson is a major participant, acting through a real estate investment service firm, has closed on a deal to take out troubled insurance giant AIG’s equity interest in the former Peak’s Mason Mint factory […]

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AIG Sues to Take Over 20 Henry Development

According to Brownstoner, troubled financial and insurance giant AIG, which provided nearly $10 million in equity funding for the redevelopment of the “Candy Factory” building at 20 Henry Street into luxury condos, has sued the developers for breach of their contractual obligation to cover overruns in the cost of the project. In its suit, AIG […]

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