Building’s Sale Approved in Bankruptcy Court
Posted on Oct 6, 2010 5:30pm PDT
Statler Towers has been approved to be sold by a U.S. Bankruptcy Court judge. Two local businessmen submitted a $700,000 offer that will have to sit for a 15-day appeal period as the local company has a due diligence period of 60 days to decide if they will finalize the sale or walk away. The building is not in good shape and the building's attorney understands that there is a lot to be done, but they are looking to move forward.
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