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David Berliner

YORK, PA–Earlier this month Washington Prime Group, Namdar Realty Group and DW Partners had a plan to keep The Bon-Ton chain of department stores a going concern  by putting in their own bid to save the retailer from bankruptcy. Bon-ton got behind the plan as well and urged the bankruptcy judge  to allow it to pay $500,000 in due diligence costs to the partners so they could move their letter of intent to an actual bid. The judge ruled against this move and this week, the department store went to auction where it was promptly snapped up by bidders intent on liquidation.

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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