New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
New Rochelle Campus to Go on Auction Block
A sale of the 15.6-acre campus of the College of New Rochelle (CNR) will take place in the next two months, according to A&G Realty Partners and B6 Real Estate Advisors. The announcement follows the college’s bankruptcy filing last week and the cessation of classes this past summer.
A&G and B6, who have been retained as CNR’s real estate advisors, said the deadline to submit qualifying bids to participate in the bankruptcy auction is anticipated to be in early November.
“There has been tremendous interest in the campus since the announcement that CNR was closing,” said A&G’s Emilio Amendola. “A turnkey campus such as this, located 15 miles from Manhattan, is a once-in-a-generation opportunity for an educational user. The orderly bankruptcy sale process will maximize recovery for all parties involved.”
B6’s Jeff Hubbard said the campus “offers a variety of development opportunities for a diverse set of end users.”
Connect National Investment & Finance is coming to New York on Oct. 23. For more information, or to register, click here.
Connect Opportunity Zones will be presented for the first time on Oct. 23 in New York. For more information, or to register, click here.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
