Word: landmarks
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Dates: during 1980-1989
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...make matters more complicated, the building is a registered historical landmark, so the restoration work must preserve--and not alter--the surface of the structure, designed to commemorate Harvard students who died in the Civil...
...Japanese owner. The latest hit recording by Country Singer Kenny Rogers is a foreign-owned product; his record label, RCA, is now West German property. And what about breakfast (or a diamond ring) at Tiffany, or drinks in the literarefied atmosphere of Manhattan's Algonquin hotel? Those vintage landmark buildings are now Japanese possessions...
...taking America's skylines by storm. They have invested an estimated $7 billion ($5.5 billion last year alone) in office towers and other buildings. Oil-company headquarters are a favorite: Hiro Real Estate last month paid $250 million for Mobil Oil's 42-story Manhattan headquarters tower. An older landmark, Fifth Avenue's Tiffany building, was sold last November to Dai-ichi America Real Estate for $94 million. Where landmarks are not available, seascapes will do: in Hawaii, Japanese investors own more than half of the twelve major hotels along Waikiki Beach...
Flush with cash and encouraged by the falling dollar, investors from overseas are snapping up skyscrapers and shopping malls, corporations and forest land, refineries and casinos. Already, Manhattan' s landmark Tiffany building is Japanese, Brooks Brothers is Canadian, and Sohio is in British hands. Is foreign ownership a danger? See ECONOMY & BUSINESS...
...Dallas has decided to acknowledge the continuing interest in the site. The city's landmark commission gave approval for a 60-ft. elevator tower that will run to the building's sixth floor, where a historical exhibit will detail the President's murder. The $3 million project is scheduled to open by the fall of 1988, the 25th anniversary of the assassination. "Dallas has come to terms with worldwide curiosity," declared Dallas County Chief Executive Lee Jackson. "We'll present the building to the world and let people draw their own conclusions...