In the shadow of Little Caesars Arena, owner seeks eye-catching price for sliver of land

Looking to capitalize on its proximity to Little Caesars Arena, a property owner is seeking the equivalent of approximately $25 million per acre for a small chunk of vacant land.

The parcel at 2939 Park Ave., about a block and a half north of the home of the Detroit Red Wings and Detroit Pistons, is being listed for $1.8 million for its 0.07 acres.

Of the Detroit commercial real estate experts I emailed the last several days about this — appraisers, brokers, developers — none had specific examples of land in the metro region in recent years being sold at $25 million or more per acre, although one said there may have been some Ann Arbor land sold for student housing at that rate. There was a Watson Street listing for a tiny parcel in Brush Park for $4 million or so but it fizzled out.

The rest hadn’t heard

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Elliott seeks Perfect Home for rent-to-own retailer

PerfectHome, the online rent-to-own retailer which became Britain’s biggest following the collapse of BrightHouse earlier this year, is being put up for sale by its hedge fund owner.



a table topped with a blue chair: PerfectHome's roots date back to 2006


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PerfectHome’s roots date back to 2006

Sky News has learnt that an affiliate of Elliott Advisors, which has owned Perfect Home since 2018, has kicked off an auction of the chain.



a sign above a store: BrightHouse collapsed in March


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BrightHouse collapsed in March

The auction comes seven months after BrightHouse became one of the first corporate casualties of the coronavirus pandemic.

Its demise cost 2,400 employees their jobs and triggered the closure of 240 shops around the country.

PerfectHome is an online-only business, with its entire store network now closed, and employs roughly 180 people.

The company lends money to consumers to finance purchases of furniture and electrical goods, allowing them to repay in weekly instalments.

Gallery: People who made a fortune betting on future successes,

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Oceanside seeks indoor soccer arena on park property

Closed-door talks between the Oceanside City Council and a developer have some residents concerned about the possible sale of land at the city’s 465-acre El Corazon Park.



a close up of a desert road: Oceanside is negotiating with a developer to build an indoor soccer arena on this property next to the senior center and a new aquatics center opening next year at El Corazon Park. (Jarrod Valliere / The San Diego Union-Tribune)


© (Jarrod Valliere / The San Diego Union-Tribune)
Oceanside is negotiating with a developer to build an indoor soccer arena on this property next to the senior center and a new aquatics center opening next year at El Corazon Park. (Jarrod Valliere / The San Diego Union-Tribune)

“This is a huge issue for our citizens and the process must be transparent and public,” said Joan Bockman, president of the nonprofit Friends of El Corazon. She also served on a committee of residents that helped create the specific plan approved by the City Council for El Corazon in 2009.

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State law allows elected officials to discuss things such as property negotiations and legal actions in private. But the potential sale of city

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Boone County seeks voters OK for potential sale of Maple Crest Centre – News – Rockford Register Star

BELVIDERE — Voters in Boone County are being asked whether they want to give the county permission to sell the Maple Crest Care Centre located at 4452 Squaw Prairie Road.

A yes vote will authorize the county to sell the nursing home if officials deem that a sale is in the best interests of taxpayers.

Because Maple Crest was constructed after a 1969 referendum, voter approval is required in order to sell the facility. The referendum allowed the county to issue nearly $1 million in construction bonds and levy a tax for future debt service payments.

Although there is no offer to buy the facility, the county is proactively seeking the necessary authorization to avoid the need to hold a special election in the instance that the facility does go on the

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Bankrupt New York Sports Clubs Owner Seeks Early November Sale

(Bloomberg) — The owner of the New York Sports Clubs and Lucille Roberts gyms is seeking to speed up a planned sale of its business in bankruptcy court as pandemic pressures mount in the fitness industry.



a couple of people that are walking down the street: Pedestrians pass in front of a New York Sports Club gym in New York, U.S., on Monday, Sept. 14, 2020. The owner of the New York Sports Clubs chain sought bankruptcy protection from its creditors, unable to keep up with debt payments after the pandemic shut its gyms for months.


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Pedestrians pass in front of a New York Sports Club gym in New York, U.S., on Monday, Sept. 14, 2020. The owner of the New York Sports Clubs chain sought bankruptcy protection from its creditors, unable to keep up with debt payments after the pandemic shut its gyms for months.

Town Sports International Holdings Inc. asked for court permission to shorten the timeline to sell itself to a group of investors or other interested parties, court papers show. Given gyms’ cash constraints and liquidity needs during the pandemic, the company is seeking to complete the sale by early next month. Lenders have submitted an initial credit bid for around $80 million.



a couple of people that are walking down the street: Pedestrians pass in front of a New York Sports Club gym in New York, U.S., on Monday, Sept. 14, 2020. The owner of the New York Sports Clubs chain sought bankruptcy protection from its creditors, unable to keep up with debt payments after the pandemic shut its gyms for months.


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