August 31, 2021
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225 E. Deerpath, Lake Forest, IL 60045, commonly referred to as “Deerpath Plaza”

Newmark Knight Frank has announced a sale date of October 5th but any interested bidder must become a qualified bidder prior to sale. The asset being sold is technically the 100% LLC interest in the owner of Deerpath Plaza.

More information on DailyDAC
 

Intern Wanted!

DailyDAC has an opening for a part-time paid intern. The ideal candidate is either a law or MBA student with an interest in bankruptcy or a recent graduate who has decided not to practice law and who has an entrepreneurial bug. For more information, please email [email protected]
 

Should You Be a Stalking Horse? Of Course...Sometimes.

A stalking horse bid is the first bid in an auction. It is made ahead of the auction date, and the bidder is committed to buy if nobody else bids. The stalking horse, thus, sets a price floor for the auction. In return for doing this, it is customary for stalking horse bidders to negotiate for certain “bid protections.” Learn more in 90 Second Lesson: Stalking Horse Bid, Yay or Neigh?
 

Are you aware of all DailyDAC offers?

Notification of Every New Chapter 11 Petition
Insolvency Decision Tree for Distressed Companies
Proprietary deal flow intelligence
National Directory of Assignees
National Directory of Distressed Business / Excess Asset Auctioneers
Public Notice Service for Fiduciaries Conducting Sales
Webinars About Corporate Restructuring and Similar Topics
Plain English Articles about Corporate Restructuring by Leading Experts
 
Latest Deals Added to the Opportunistic Deal Database
The deals listed here were added to the ODD throughout the seven-day period ending this past Friday. The number in parentheses next to each deal is its unique ID number, included so you can easily find these deals on our website by searching for this number.

Secured Party Sales

  1. Equity interests - 50 shares of common stock - (30270)
  2. 100% hotel membership interests - (30269)
  3. Building supplier - (30274)

Private Company Sales

  1. Masonry restoration & installation company - (30290)
  2. Metal building fabrication business - (30291)
  3. Excavation & utility company - (30289)
  4. Concrete business - (30288)
  5. Trucking business - (30287)

Assignment for the Benefit of Creditors Sales

  1. Late model farm (w/equipment & rolling stock) - (30264)

Chapter 11 - 363 Sales

  1. Oil and gas exploration & production company - (30303)
  2. Manufacturer of semi-conductor equipment - (30302)
  3. Three commercial beverage licenses - (30309)
  4. Oil and natural gas company - (30301)

Chapter 11 - Investment Banker Application Filed

  1. No new deals added this week.

Chapter 11 - Case Filing Indicates Future Asset Sale

  1. No new deals added this week.

Chapter 7 - Sale of Business Assets

  1. Commercial real estate - two parcels - (30299)
  2. General eating place license - (30295)
  3. Snackfoods manufacturer - (30293)
  4. Sheet metal fabricator - (30297)

Chapter 12 Bankruptcy

  1. No new deals added this week.

Plant/Facility Closings

  1. Aerospace & defense supplier - (30321)
  2. Tolling systems provider - (30320)
  3. Home decor retailer - (30319)
  4. Valve manufacturer - (30318)
  5. Tool manufacturer - (30317)

Rating Agency Alerts/Other Signs of Distress

  1. Developer of optical instruments - (30280)
  2. Multinational energy company - (30277)
  3. Pipeline acquisition company - (30278)
  4. Biopharmaceutical company - (30279)
  5. Franchised pizza chain - (30276)

Auctions

  1. Sporting clays & firearms - Multiple lots - (30258)
  2. Paver manufacturer (w/equipment) - (30260)
  3. Land -18.09 industrial acres - (30262)
  4. Industrial equipment - (30259)
  5. Piping company - (30263)

Other Interesting Sales

  1. Vineyard - 35.45 acres - Pinot Noir - (30323)
  2. Commercial building/funeral home - (30324)
  3. Vacant land - 7.167 acres - (30325)
  4. 15 acre turnkey winery - (30322)

Bulk Sales

  1. Automotive repair business - (30267)
  2. Yogurt shop - (30266)
  3. Gastro pub - (30265)
  4. Food mart - (30268)

Receiverships

  1. Gas station & convenience store operator - (30281)
  2. Restaurant & entertainment venue - (30284)
  3. Two medical office buildings - (30283)
  4. Waste disposal company - (30285)

Mass/Significant Layoffs

  1. Electric power generation company - (30313)
  2. Connected car software company - (30311)
  3. Consumer finance company - (30316)
  4. Fruit & produce company - (30315)
  5. Biotechnology company - (30312)
View All Deals on DailyDac.com
 
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1954 First Street, Suite 178
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