Eugene company offers 30 properties to pay off debts


Real estate company Arlie & Co. intends to liquidate 30 properties worth at least $57.5 million to pay for its reorganization plan.

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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.

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