Destination steps in as Wigwam auction nears

The News Review:

- Destination steps in as Wigwam auction nears
- FINEWS-Malaysian yields flat; eye on auction plan
- Dream home spirals into big bust now up for auction
- Bank’s assets up for auction
- State puts vehicles up for auction

Destination steps in as Wigwam auction nears
Bizjournals.com
The previous owner of the golf courses and Wigwman Kabuto Arizona Properties LLC defaulted on a loan earlier this year. Douglas Wilson Cos. was named receiver for the locations in April as part of the properties’ liquidation. They are scheduled to be sold at auction July 9 but remain open. For coverage of the foreclosure and Starwood pullout.

FINEWS-Malaysian yields flat; eye on auction plan
Forbes
‘Because of the uncertainty there is not much trading until the announcement on the auction is made’ a Kuala Lumpur-based trader said. The yield on the five-year debt the most actively traded security was steady at 3. 70% by late morning traders said. Volume of trade was at 109 mln ringgit versus 2.

Dream home spirals into big bust now up for auction
The Detroit News
From its slate-tiled roof over 30-foot ceilings to its laboriously distressed oak floors from the heated lawn furniture storage to the Art Deco home theater it expresses Russell’s quirky perfectionism. There’s acres of custom-wood paneling ornate wet plaster detail secret compartments refreshed air for cigar-smoking in a wine cellar floors that stay cool in summer and warm in winter and a granite kitchen island the size of Mackinac. “When does a home like this ever come up for auction?” asks Pamela Rose whose auction firm is handling the event with a minimum “floor” bid of $2. “It’s an opportunity for someone to buy this famous house. ” Amid today’s distress it’s easy to second-guess Russell.

Bank’s assets up for auction
Greeley Tribune
The online auction is open to the public. To bid on any items bidders are required to put in a $100 registration deposit by credit card prior. The $100 is only charged to the card if the cardholder buys an item. nline bidding ends at 3 p.
Related from Ytbao: RBS Shortlists Bidders for Asian Assets

State puts vehicles up for auction
The News Journal
The state through a New Jersey-based auction house is selling used cars vans pickups and other vehicles to meet Gov. Jack Markell’s mandate to reduce the state’s fleet by 20 percent as a cost-saving measure. ne online-only auction is under way now and runs until 7 p.

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