Syms Corp., the bankrupt discount clothing chain, and its Filene's Basement LLC are seeking court permission to sell a Miami property at auction with an opening offer of $4.5 million, Bloomberg News reported yesterday. Syms will ask a judge to approve bidding procedures for the proposed auction at a hearing set for July 31, according to court documents filed on Tuesday. The company plans to hold the auction on Aug. 14, followed by a hearing to approve the sale on Aug. 16, according to court papers. All bids would be due by Aug. 13.
