A&G Real Estate Partners, LLC and B6 Real Estate Advisors, LLC, announced a November Bankruptcy Auction for the 15.6-acre campus owned by The College of New Rochelle).   A $21 million Stalking Horse Bid has been approved, with Competing Qualified Bids due November 18, 2019 and the auction scheduled for November 21, 2019.

The Stalking Horse bid submitted by Northeast Education Development Corporation, represents a baseline bid and is subject to higher and better offers in an open auction process.  “CNR expects the auction to be competitive, as it continues to receive serious interest from a number of potential buyers that recognize the value of this unique asset,” A&G and B6 said in a joint statement.