I'm not sure that it's shoddy work per se. It is, however, absolutely sh!tty design all around.
What they've done is compromise a quarter billion dollar or so building undergoing a $45 million dollar plus renovation by being too cheap to do the signage right.
There was/is no real need to "hang it over the parapet" just to avoid removing and reinstalling some spandrel panels in order to do it right.
There was also no need to use this particular spacing (or language for that matter) between the logo and the text. There are examples within their standard branding that demonstrate the flexibility to allow for better than this.