MetLife to Complete Sale of Chicago's Sears Tower.
Byline: Thomas A. Corfman
Apr. 30--In the largest real estate sale in Chicago's history, MetLife Inc. is expected on Friday to complete the sale of Sears Tower for about $840 million.
A formal announcement should be made no later than Monday, when the New York-based insurer reports its first-quarter financial results.
As expected, the buyer is a venture managed by low-profile New York real estate investor Joseph Chetrit, whose aggressive bid last month for the 110-story structure cut short formal marketing of the skyscraper. But the power behind the transaction is Bank of America, which made an equally aggressive offer to finance the deal at interest …
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