A rival investor group that includes two mall owners also hopes to buy The Bon-Ton Stores in a bankruptcy court-supervised auction today and keep the business alive, but faced a setback in court last week.
U.S. Bankruptcy Judge Mary Walrath in Delaware decided the investment group alternative asset manager DW Partners, commercial real estate investment and management firm Namdar Realty Group, its partner Mason Asset Management and retail real estate investment trust Washington Prime Group couldn’t collect a $500,000 fee from The Bon-Ton Stores to do due diligence into the purchase.
She ruled a work fee was not allowed by the biddi…
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