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Auction

Real Estate
Massive NY Film Studio, Development Site Along Hudson River To Be Auctioned For $6.35M Massive NY Film Studio, Development Site Along Hudson River To Be Auctioned For $6.35M
Massive NY Film Studio, Development Site Along Hudson River To Be Auctioned For $6.35M A massive production studio and waterfront development site in downtown Catskill is heading to auction, offering a rare investment opportunity at nearly half its original listing price. The 20,208-square-foot Lumberyard, a New York State Qualified Production Facility, will be sold to the highest bidder on Wednesday, March 20. Originally listed in 2023 for $11.5 million, the property now has a reserve price of $6.35 million — about 45 percent lower than its initial asking price. The auction follows Gov. Kathy Hochul’s recent announcement of a $10 million state grant to revitalize downtown Ca…

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by Chris Spiker
Business
Crafting Trouble: Joann Declares Bankruptcy For Second Time In Less Than 12 Months Crafting Trouble: Joann Declares Bankruptcy For Second Time In Less Than 12 Months
Crafting Trouble: Joann Declares Bankruptcy For Second Time In Less Than 12 Months Arts and crafts retailer Joann is declaring bankruptcy for the second time in less than a year, officials said. Joann filed for Chapter 11 bankruptcy in a Delaware court, the company said in a news release on Wednesday, Jan. 15. The chain known for sewing and other craft materials said the move will help facilitate a sale to maximize the business's value. Interim CEO Michael Prendergast said the bankruptcy declaration was necessary despite the chain's efforts to drastically improve its financial health. "Since becoming a private company in April [2024], the Board and management team h…

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by Chris Spiker
News
Alex Jones' InfoWars Up For Auction To Pay Sandy Hook Victims' Families: Report Alex Jones' InfoWars Up For Auction To Pay Sandy Hook Victims' Families: Report
Alex Jones' InfoWars Up For Auction To Pay Sandy Hook Victims' Families: Report The tools Alex Jones used to build his conspiracy theory and supplement-hawking empire could soon be yours, NPR reported.  A court-appointed trustee will soon begin to auction off pieces of Free Speech Systems, the parent company of InfoWars, to pay back the families of the 2012 Sandy Hook shooting victims, the report continued.  Jones owes them $1.5 billion in a defamation judgment after he claimed the massacre, which killed 26 people — 20 of them children – was a hoax.  The trustee will sell everything from chairs and production equipment to the InfoWars brand name, th…

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by Josh Lanier
Real Estate
Going Once: $20 Million Greenwich Estate To Be Offered At Auction Going Once: $20 Million Greenwich Estate To Be Offered At Auction
Going Once: $20 Million Greenwich Estate To Be Offered At Auction A scenic Connecticut estate known for its views, infinity pool, and orchards will hit the auction block this month at a listed price of $20 million. According to Zillow, the recently renovated French County estate, located in Fairfield County in Greenwich at 58 Quaker Lane, features five bedrooms, 5.2 baths, and seven fireplaces. Zillow said the auction bids will run from Thursday, Sept. 19, to Wednesday, Sept. 25. The starting bids are expected to be between $6 million and $12 million. An open house will be held from 1 to 4 p.m. on Saturday, Sept. 7, and Sunday, Sept. 8. Built in 2004, t…

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by Kathy Reakes