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Rockland County Business Journal

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Category: Bankruptcy

Rockland County finance, bankruptcy, environmental, employment

bradley industrial park

Bradley Industrial Park Sold For $116.8 Million

May 2, 2019May 20, 2019rcbizjournal

Bradley Industrial Park has been sold for $116.8 million to Angelo, Gordon & Co., a privately held New York limited partnership that manages nearly $32 billion in assets.

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the measles

With the Measles Outbreak Raging, What Should an Employer Do?

April 28, 2019rcbizjournal

As we all know, Rockland County is in the throes of a measles outbreak.  The question we’re contemplating is “What should or must an employer do?  Like most answers about the law, “it’s complicated.”

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BVGrill at the Time Hotel

BV’s Grill To Stay; Former Restaurateur Files Bankruptcy

April 4, 2019April 21, 2019rcbizjournal

Kerry Wellington, the former owner of BV Grill Nyack LLC, which leased the eponymous restaurant at the Time Hotel in Nyack, filed a voluntary petition for bankruptcy on Monday.

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time hotel

Bankruptcy Court Judge Approves Time Hotel Sale To Juniper Time LLC: Future of Property Unknown

March 25, 2019April 4, 2019rcbizjournal

A U.S. Bankruptcy Court judge on Monday approved the $18.5 million sale of the The Time Hotel of Nyack to Juniper Time LLC, a company affiliated with IMH Financial Corporation.

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time hotel

Time Hotel Sold Today At Auction

February 27, 2019March 13, 2019rcbizjournal

The Time Hotel of Nyack today sold at auction for $18.5 million to Juniper Time LLC but the fate of the hotel won’t be settled until a court hearing before United States Bankruptcy Judge Robert D. Drain on March 25th in White Plains.

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Bradley Corporate Park

Bradley Industrial Park For Sale In Bankruptcy Settlement

February 19, 2019March 2, 2019rcbizjournal

A bankruptcy trustee has agreed to give property owner John Magee until July 16th to sell Bradley Industrial Park

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Payless Shoe Store Latest Casualty of Retail Apocalypse

February 15, 2019February 15, 2019rcbizjournal

Footwear retailer Payless ShoeSource will close all of its 2,300 stores as it enters its second bankruptcy in less than two years.

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time hotel

Clock Is Ticking On The Time Hotel’s Fate

February 4, 2019February 16, 2019rcbizjournal

The Time Hotel, which positioned itself as a boutique property for urban tourists and business travelers, has been filling its rooms since it opened in May 2016 in Nyack. It remains a draw, despite the fact that the 133-room hotel has been in bankruptcy since July 2018.

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sears

Sears May Survive But It’s Too Late For The Nanuet Store

January 16, 2019January 16, 2019rcbizjournal

Sears Holdings Corp Chairman Eddie Lampert prevailed in a bankruptcy auction for the U.S. department store chain with an improved takeover bid of roughly $5.2 billion, allowing the 126-year-old retailer to keep its doors open.

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sears

Sears Closing In Nanuet Creates Major Retail Opportunity For A New Developer

October 17, 2018November 5, 2018rcbizjournal

Sears in Nanuet will shutter its store but who will be the beneficiary? The store’s closing will leave a major hole in the Shops At Nanuet shopping center but it represents an opportunity for development. Sears owns the 1960’s, 184,522 square-foot building, as well as the 13.54 acreage it sits on.

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