Real estate company Arlie & Co. intends to liquidate 30 properties worth at least $57.5 million to pay for its reorganization plan.
Eugene-based real estate company Arlie & Co. intends to liquidate 30 properties worth at least $57.5 million to pay for its reorganization plan.
The properties include empty lots around Crescent Village, its mixed-use urban village in north Eugene, and holdings in Florence where a shopping center was planned, among others.
Attorney Casey Mills, who represents Umpqua Bank, which is owed $29 million, said he is “optimistic” the company and the bank can reach agreement — although he said didn’t know if he’d characterize their remaining disagreements as minor.
Attorney Daniel Pepple, who represents Bank of America, which is owed $15 million, said his client still has some “serious concerns” about Arlie’s proposed plans.
Read more at The Register-Guard.
{biztweet}arlie & co{/biztweet}