Ownership of Sears Tower handed to its lender

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Here is an overview of what happened in the Chicago region on July 11, according to the tribune archives.

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Meteorological files (from the National Weather Service, Chicago)

  • High temperature: 97 degrees (1936)
  • Low temperature: 50 degrees (1996)
  • Precipitation: 1.81 inches (1922)
  • Snowfall: None

1915: “Jazz” was used in the gallery to describe music for one of the first times in history.

A sailboat leaves Chicago on Lake Michigan in the race in Mackinac on July 12, 2003. (Milbert O.brown / Chicago Tribune)
A sailboat leaves Chicago on Lake Michigan with the Skyline showing the Sears tower on July 12, 2003. (Milbert O.Brown / Chicago Tribune)

2003: Sears Tower has been transferred to his lender (Metlife Inc.) to prevent the owner of the skyscraper (Trizec) of default on his massive mortgage.

Anxiety in the face of a possible terrorist attack on the second world building then the strongest has considerably reduced the attractiveness of the 110 -storey tower at 233 S. Wacker Drive to certain existing tenants and many potentials.

Vintage Chicago Tribune: History of Tower built by Sears reflects ups and stockings of the City Business Hub

The real estate tycoon Joseph Chetrit, the developer Joseph Moinian and American Landmark Properties, based in Skokie, bought the tower for $ 840 million in 2004. Blackstone Group bought it in 2015. Sears gave up the property of his name tower in November 1994.

Although he was popularly known as a young girl, he was officially renamed Willis Tower for an insurance brokerage house based in London in 2009.

A tree recognized as the oldest in the village of Wilmette sits in pieces after being destroyed by a fierce storm on July 11, 2011. The so-called "Bicentennial ash" In Gillson Park has existed since 1746. A plaque commemorated its status. (Terrence Antonio James / Chicago Tribune)
A tree recognized as the oldest in the village of Wilmette is in pieces after being destroyed by a fierce storm on July 11, 2011. The so-called “Bicentenary ash” in Gillson Park has existed since 1746. A plaque committed its status. (Terrence Antonio James / Chicago Tribune)

2011: Up to 75 MPH, winds have torn off power lines, thrown trees on the roads and railways and forced companies to close for the day. During the top of the storm, it was estimated that 868,000 COMYD customers were without electricity – more than in any storm at least at least the previous decade. Despite the winds, the storm brought little rain.

“ It looked almost like a hurricane ”: Derecho weather events in the Chicago region since 1965

A Union Pacific North Line train was blocked for hours on the rails after the trees and the power lines fell blocked it. He had to arrive at the Ogilvie Transportation Center at 9:05 am, but only happened to around 2 p.m.

Several detainees from Cook County prison and an assistant to the Cook County sheriff were injured during the dismantling of a festival tent as part of a community service project in Palos Hills, but not seriously.

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