Ritz Camera Landlords Object To Bidding Procedures

Law360, New York (July 9, 2009, 12:00 AM EDT) -- Several landlords for bankrupt Ritz Camera Centers Inc.'s retail locations have objected to its motion to approve bidding procedures for substantially all of its assets, saying the procedures' pace is unreasonable and the sale guidelines lack appropriate restrictions.

Cambridgeside Galleria Associates Trust, the Macerich Co., RREEF Management Co., the Forbes Co., Cousins Properties Inc., Passco Real Estate Enterprises Inc., Black Equities Group Ltd., The Prudential Insurance co. of America, Ardmore Partners LP and Inland US Management LLC and several of its subsidiaries all filed objections Thursday...
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