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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
Real Estate
College Of New Rochelle Campus Sells For $32M At Auction College Of New Rochelle Campus Sells For $32M At Auction
College Of New Rochelle Campus Sells For $32M At Auction  After being forced to shutter its doors earlier this year, the College of New Rochelle has found a buyer for its campus officially after filing for Chapter 11 bankruptcy. Following a three-year financial crisis, the 115-year-old college concluded classes on Saturday, Aug. 10. Mercy College is temporarily leasing the campus and will use the facilities through 2020. On Monday, Nov. 25, The Masonic Hall & Asylum Fund announced it had purchased the 15.6-acre campus for $32 million at auction. The United States Bankruptcy Court has already approved the sale at a hearing held on Mo…

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by Zak Failla
Real Estate
College Of New Rochelle Files For Bankruptcy College Of New Rochelle Files For Bankruptcy
College Of New Rochelle Files For Bankruptcy After being forced to shutter its doors earlier this year, the College of New Rochelle has officially filed for Chapter 11 bankruptcy and its campus is expected to be sold within the next two months. Following a three-year financial crisis, the 115-year-old college concluded classes on Saturday, Aug. 10. Mercy College is temporarily leasing the campus and will use the facilities through 2020. In response to the financial crisis, the college has been selling off its assets, including its 15.6-acre campus, which includes more than 425,000-square-feet and includes 20 buildings. A&G Realty…

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by Zak Failla
Schools
Third School Steps Up To Help Displaced College Students In Westchester Third School Steps Up To Help Displaced College Students In Westchester
Third School Steps Up To Help Displaced College Students In Westchester A third university is stepping up to offer a helping hand to students at the College of New Rochelle, which is expected to shutter its doors at the conclusion of its summer semester. In 2016, the college’s Board of Trustees was alerted about “significant unmet financial obligations that had accrued over a period of time.” The Board subsequently launched an investigation and enlisted the help of officials to restructure and manage CNR’s finances. A forensic accountant and outside legal counsel were also hired to perform the investigation. Last week, the college announced that after 115 years…

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by Zak Failla