NEWS
October 2, 1988 | CHARLES HILLINGER, Times Staff Writer
For almost 10 years Barry Edwards has been reporting the Windy City's traffic conditions twice a day from the 103rd floor of Sears Tower, the world's tallest building. Edwards, 43, who does early morning and late-afternoon traffic reports for radio station WBBM, occupies a small broadcast studio on the north side of the Sears Tower Skydeck. From a studio on the south side, Bonnie Deshong, 36, delivers traffic reports for radio station WGCI.
NEWS
October 30, 2001 | From Times Wire Reports
Former President Bush helped reopen the observation deck of the nation's tallest building, calling the move a message that "the terrorists have failed." The deck at the 110-story Sears Tower in Chicago had been closed since Sept. 11. Now that it has reopened, visitors must pass through metal detectors and have their bags checked by X-ray machines. "By reopening this symbol of strength and vitality in America's heartland, you're sending a clear message that the terrorists have failed," Bush said.
BUSINESS
November 8, 1994 | From Times Staff and Wire Reports
Sears Gives Up Ownership of Sears Tower: Sears, Roebuck & Co. said it will sell its Sears Tower in Chicago, the world's tallest building, in a restructuring of the building's financing. The agreement to transfer ownership to a pension fund partnership managed by Boston-based Aldrich, Eastman & Waltch will reduce Sears' debt by $850 million, Sears said. Chicago-based Sears will record a $195-million gain, after taxes, in the fourth quarter as a result of the transaction.
BUSINESS
November 3, 1989 | MARTHA GROVES and BOB SECTER, TIMES STAFF WRITERS
Sears, Roebuck & Co. is considering refinancing rather than selling its landmark Sears Tower in Chicago, with a deal expected to be reached by year-end, real estate sources said Thursday. A Boston pension fund adviser, Aldrich, Eastman & Waltch, has emerged as a leading candidate to refinance the property, probably for about $850 million. The firm manages more than $4.3 billion in pension fund assets for large corporate clients, including Sears.
BUSINESS
January 5, 1989 | NANCY YOSHIHARA, Times Staff Writer
Is a Japanese company buying the landmark Sears Tower in Chicago, the world's tallest skyscraper? In Tuesday's edition, USA Today quoted Jack Barthell, managing partner at Kenneth Leventhal & Co., a Century City real estate consulting firm, as saying a Japanese real estate company--a client of his--was ready to buy the 110-story headquarters of Sears Roebuck & Co. "They're close to a deal," he told the newspaper.
NEWS
April 20, 1996 | STEPHEN BRAUN, TIMES STAFF WRITER
This town of chest-thumpers had every right to be on top of the world this week as its beloved Bulls set a record for the most wins in a single basketball season. There was, however, one small problem. The top of the world has shifted somewhere else. In a decision that many here consider the height of ignorance, the Sears Tower--for 22 years the undisputed tallest building in the world--has been stripped of its title by twin skyscrapers in Malaysia.