Boscov: Mall Price At Sheriff’s Sale Probably Too High

Map of Pennsylvania highlighting Lackawanna County

Map of Pennsylvania highlighting Lackawanna County (Photo credit: Wikipedia)

Department store owner Al Boscov is unlikely to bid when the Mall at Steamtown goes on the block at a sheriff’s sale next week, saying he anticipates the asking price will be too high.

The businessman has been unable to strike a deal with LNR Partners, the real estate company representing the mortgage holder, to acquire the mall but hopes to renew negotiations if the lender finds no takers for the property at the sale Tuesday, he and his lawyer said.

“At that point, it would be just as if we were buying a property in a private sales transaction,” said attorney Scott M. Esterbrook. “The (sheriff’s) sale is not the be-all, end-all. It’s one step in the process, and where we’re at today is we just haven’t reached an agreement yet.”

The mall entered foreclosure March 7 after owner Steamtown Mall Partners defaulted on a principal balance payment of $37.1 million due last July on its 2003 mortgage, setting up the sheriff’s sale. Mr. Boscov is a principal in Steamtown Mall Partners.

Read more: http://thetimes-tribune.com/news/boscov-mall-price-at-sheriff-s-sale-probably-too-high-1.1718214

Fans Flock To Scranton, Pa., For ‘The Office’ Fete

Lackawanna County Courthouse, Scranton, Pennsy...

Lackawanna County Courthouse, Scranton, Pennsylvania, USA. (Photo credit: Wikipedia)

SCRANTON (AP) — The actors who play Pam, Jim, Dwight and other beloved characters from the popular NBC show “The Office” bade farewell on Saturday to the northeastern Pennsylvania city of Scranton that served as the TV setting for their fictional paper company.

The NBC mockumentary about a clan of quirky cubicle-dwellers at the fictional Dunder Mifflin Paper Co. wraps up May 16 after nine seasons, and a crowd estimated at 10,000 attended a “Wrap Party” in Scranton to show their appreciation.

Jenna Fischer, John Krasinski, Rainn Wilson and other stars rode in classic convertibles and posed for hundreds of photos as fans thronged around them. The stars later took the stage in front of the Lackawanna County Courthouse and played a concert with The Scrantones, the band that performed the show’s theme song.

Steve Carell, who played office boss buffoon Michael Scott, wasn’t expected to make an appearance but surprised fans at a celebration later outside the city at PNC Field, home of the New York Yankees’ Triple A affiliate, The (Scranton) Times-Tribune reported.

Read more: http://www.pottsmerc.com/article/20130505/ENTERTAINMENT01/130509628/fans-flock-to-scranton-pa–for-the-office-fete-#full_story