Daily News: August 20, 2012

Court Approves Syms Sale of Miami Property

U.S. Bankruptcy Judge Kevin J. Carey in the U.S. Bankruptcy Court in the District of Delaware has granted approval for Syms Corp., and its Filene’s Basement unit, to sell its Miami property for $4.35 million, a Bloomberg article said.

The property and assets were sold to Independent Living Systems LLC, the initial bidder for the property.

To read the Bloomberg article in its entirety, click here.

Previously on abfjournal.com:

Syms Seeks Approval to Hold Auction for Florida Property, Monday, July 23, 2012