A judge has signed an order approving a foreclosure sale of the historic Cannon Building in downtown Troy, New York.
State Supreme Court Justice Henry F. Zwack approved the sale sought by J.P. Morgan Chase Bank N.A.
The bank is owed $1.76 million from owner Sandy Horowitz, who defaulted on a mortgage for the five-story building at 5 Broadway, according to the order.
Horowitz, a former producer of B-grade Hollywood movies, made a big splash in Troy in the early 2000s when he started buying downtown… …read more
From:: biz journal foreclosures