Sears its naming rights to the building expired in 2003 it remained the Sears Tower until early 2009. In March 2009 London-based insurer Willis Group Holdings, Ltd., was given the building's naming rights to encourage them to occupy the building. The official renaming as the "Willis Tower" took place on Thursday, July 16, 2009, during a public ceremony hosted by Willis Group Holdings. In the 1990s, the company began divesting itself of many non-retail entities, which were detrimental to the company's bottom line. Sears spun off its financial services arm which included brokerage business Dean Witter Reynolds and Discover Card. It
Library Tower (Chicago) Library Tower (Chicago) Library Tower Chicago is located on 520 S. State Street, Chicago, Illinois, which is the block directly south of the main branch of the Chicago Public Library in the Loop community area. Currently (4/2009) the building has 184 Units. 52 units have been sold and closed. Another 36 are under contract. Apparently, the building was mostly sold unit the economy forced investors to pull out of the building, leaving it largely unsold. Units have been on sale since 2005, with closing first occurring in 2008. There has been substantial price drops from being on the market (1