ACSA
ASKS: Is the
Timing Significant?
Is there an election eve plot to blow up the Sears Tower??
Special: is MET LIFE secretly aware
that an Al Qaeda likely plot to slam jets into the
Sears Tower exists? In the mindless,
conscienceless arena of Corporate hierarchy, is yet
another Rockefeller / Standard Oil-related business
preparing for disaster? They only sold the World
Trade Center to Sheldon Silverstein’s Realty Group 9
months prior to 9/11... Is this a coincidence, or
does, at Met Life,
there exists a hidden awareness that during the United
States Presidential Election in November, Al Qaeda intends to
destroy the Sears tower, the tallest, most
high-technology building in America?? Is there
awareness that this plot might succeed? Is
there some unknown reason why, despite all of our
preparedness, DHS, that someone wants to prove DHS
unready, to influence the outcome of the election? Is the
unexplainable
Rockefeller foreknowledge of future disasters
spreading? Is Jay Rockefeller, an outspoken critic
directly and through John Kerry, his family's "ward"
(Ted Kennedy on a Chappaquiddick Diet, some have
called Kerry), of the Bush administration's
refusal to allow Standard Oil to gain direct control
over Iraq's oil, allowing it to be used to rebuild
Iraq instead... is he aware that there is a plot
afoot to embarrass the administration by taking down
Sears? Does this imply Rockefeller businesses
have foreknowledge BECAUSE they solicit such
disasters by stirring up hidden channels between
their businesses, their Saudi Oil partnerships, and
Al Qaeda, by casting doubt on the election's
favorable outcome for John Kerry, thereby triggering
an attack by an Al Qaeda who fears Bush but doesn't
fear Kerry/Clinton/Kennedy liberalism? What
does MET LIFE know that we don't? READ ON
MetLife to Sell Sears Tower
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NEW YORK - Insurance
giant MetLife Inc. said Thursday it has agreed to
sell the Sears Tower in Chicago to an unspecified
buyer, ending the company's long-standing investment
in the nation's tallest skyscraper.
Related Quotes
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MET
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TRZ
DJIA
NASDAQ
^SPC
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33.47
44.48
15.96
10128.38
1943.89
1106.78
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-0.80
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-20.26
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MetLife, which is based in New York, expects to
close the deal in the second quarter and take a $90
million gain. The company said the sale won't have a
material impact on operating earnings.
MetLife spokesman John Calagna said the company
entered into a confidentiality agreement with the
buyer and won't disclose the price or the name of
the acquiring company.
"This is a very good deal for company," Calagna
said. "We're always looking at our real estate
portfolio; it's a very favorable marketplace right
now and we took that into account, so it was the
right decision to sell this building at this time."
Sears Tower is a 110-story landmark in downtown
Chicago.
MetLife's sale closes the books on the company's
ownership, which dates back nearly 15 years.
It also marks a quick turnaround since the
company acquired full control in August.
In 1990, MetLife purchased a mortgage on the
property after the original owner, Sears Roebuck &
Co., refinanced amid a severe real-estate downturn.
Trizec Properties Inc., a real-estate investment
trust based in Chicago, bought control of the tower
in 1997 through a $70 million second mortgage
purchased from another lender. Legal title was to
pass to Trizec this past January.
But Trizec's equity position effectively
dissolved over the past few years as the building's
value deflated amid a weak office market in Chicago.
Trizec instead sold its stake in August for $9
million to MetLife, which held the $766 million
first mortgage. Trizec continues to manage the
property.
The Sears Tower, which is 88 percent occupied,
has struggled with sagging demand for office space
and tenants' lack of enthusiasm for high-profile
buildings after the terror attacks of 2001.
Shares of MetLife closed Thursday were at $33.47,
down 80 cents, or 2.3 percent, on the New York Stock
Exchange (news
-
web sites).
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