Why has Goldman/Sachs moved out of the Sears Tower BEFORE their lease has expired? World Trade Center: Joseph Cayre's most well-known asset is an
interest in the 99-year-lease to the former World Trade Center property. Six weeks before the 9/11 attack in 2001, NY developer Larry Silverstein and
investors Lloyd Goldman and Joseph Cayre bought the 99-year leasehold of the World Trade Center. Sears Tower: In March 2004, Joseph Cayre, along with
NY investors Lloyd Goldman and Jeffrey Feil bought the Chicago Landmark Sears Tower from MetLife for $835 million. MetLife said it realized an
after-tax gain of $90 million on the deal.
deal-junkie.blogspot.com... ALSO
Joseph Chetrit, Lloyd Goldman and Jeffrey Feil are the winning bidders for a coveted office at 1111 Pennsylvania Ave. N.W., near the White House, for
$160 million. The office is occupied entirely by law firm Morgan, Lewis and Bockius, which has a 15-year lease in place. Fresh off of their plan to
buy the Sears Tower for about $835 million from MetLife. ...one REIT official German investor KanAm was also in the running for the office
netleasenews.blogspot.com...
When examining the kinds of targets of the past, especially 9/11/01, 3 kinds of targets were at play and serious consideration must be paid to what
those targets represented.
1. High value targets-for theft of gold, treasures...(google king's ransom in missing gold from WTC vaults)
2. Hardened targets-for testing/experimentation (Pentagon, which had just been reinforced, mayor's bunker on 23rd floor of WTC7, and the hole in the
field in Pennsylvania was atop a fortified underground storage, see flight 93 crashed on Bill Gates' underground storage)
3. Recently purchased or lease signings (of questionable $$ sense) and insuring of quintessentially viable targets (Larry Silverstein had just
signed and insured a 99 year lease on WTC buildings that were overdue for very costly asbestos removal) So with respect to Chicago, Joseph Cayre,
along with NY investors Lloyd Goldman and Jeffrey Feil and the Sears Tower purchase, I've learned that "...in the 2001 Berkshire Hathaway annual
report, Warren Buffett gave some facts about four contracts exposing Berkshire to terrorism risks. One new property catastrophe policy that Berkshire
has taken on, for example, leaves it providing "significant coverage" on Chicago's Sears Tower once losses there pass a threshold of $500
million."
Berkshire has taken on, for example, leaves it providing "significant coverage" on Chicago's Sears Tower once losses there pass a threshold of $500
million."
Insurance After 9/11 In the property and casualty business, terrorism is an evolving crisis--and an opportunity
money.cnn.com... My first question about the Sears Tower purchase is, does it bear
a little or a lotta resemblance to the WTC lease signing? In other words, absent an event of mass destruction and casualties, with another big
insurance settlement, did this deal make sound financial sense in the long term? My second question is, is there gold or treasures stored in, below
or nearby the Sears Tower? UBS, Citi-bank...Are close to the Sears Tower. My third question is, is there a repository of damning evidence stored in
or close by the Sears Tower (as was the case with WTC7-CIA, FBI, SEC's Enron documents...)? And my fourth question is, are there any hardened
(especially military grade) targets near the Sears Tower? The Union Station subway is directly across the river (maybe 100-200 feet away) from the
Sears tower and may qualify, as we've seen, the Madrid and London bombings have shown. And, my fifth question (I like to stick to 3, normally) is,
who is in charge of security for the Sears Tower? Remember, Marvin Bush was working for Securacom, which ran the security for the WTC and Dulles
Airport.