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The Pontiac Michigan Silverdome is on the block and is accepting sealed bids for purchase. This 80,300 seat stadium comes with a number of notable milestones including the largest NFL arena, when opened in 1975, and countless Thanksgiving day games.

The opportunity is now yours to own this landmark stadium and host your own turkey bowl games.

http://Listing.LoopNet.com/16421265



The auction is being conducted by Williams & Williams in partnership with CB Richard Ellis on behalf of the City of Pontiac. Sealed bids are due tomorrow (November 12th) by 4pm Eastern.

Transaction prices of commercial property sold by major institutional investors rose by more than 4 percent in the third quarter of 2009, according to an index developed and published by the MIT Center for Real Estate (MIT/CRE). The 4.4 percent increase in the transactions-based index (TBI) for the third quarter is the first positive price change in the index in over a year. “The big news this quarter is not just that the price index increased, but that transaction volume substantially increased for the second quarter in a row, reflecting the first increase in market sentiment in two years,” said Professor David Geltner, director of research at MIT/CRE. “One quarter does not a trend make, and we are still well below normal trading volume,” Geltner cautioned. “Nevertheless, this is the strongest sign of a bottom that we’ve had in two years,” he added.

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This past week 13 LoopNet employees and some of their families helped to raise $605 for the Los Angeles Regional Food Bank. The pledge was to budget only $20 per person for 5 days worth of meals. In return, LoopNet would make a donation to the food bank in their honor. It was a tough task that took discipline and determination. There was a ton of creativity both with how people spent their budget as well as how they prepared their food. By the close of the week we had all learned to appreciate those takeout meals we take for granted as well as the lifestyle we are accustomed to.