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November 16, 1989 | ERIC HARRISON, TIMES STAFF WRITER
The "For Sale" sign was officially taken off of the world's tallest building Wednesday. Sears, Roebuck & Co., unable to sell the Sears Tower after a yearlong effort, said Wednesday that it had reached an agreement with a Boston partnership to refinance its 110-story corporate headquarters. The transaction will raise $815 million for Sears, after expenses and adjustments, and likely will postpone the sale of the building for at least 15 years. AEW Partners L.P.
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BUSINESS
November 16, 1989 | ERIC HARRISON, TIMES STAFF WRITER
The "For Sale" sign was officially taken off of the world's tallest building Wednesday. Sears, Roebuck & Co., unable to sell the Sears Tower after a yearlong effort, said Wednesday that it had reached an agreement with a Boston partnership to refinance its 110-story corporate headquarters. The transaction will raise $815 million for Sears, after expenses and adjustments, and likely will postpone the sale of the building for at least 15 years. AEW Partners L.P.
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