Rockland Post Desk

The Palisades Center, one of Rockland County’s largest commercial properties and a major source of local tax revenue, is scheduled to be sold at a public foreclosure auction on Wednesday, February 4, 2026.

According to court filings, the auction is set for 2:15 p.m. at the New York County Courthouse, 60 Centre Street, Room 252, Manhattan. The sale will be conducted by a court-appointed referee as part of an ongoing foreclosure proceeding tied to the mall’s long-running financial restructuring.

Rockland Post will attend and provide on-site coverage of the auction and its immediate outcome.

Mall Remains Open

Despite the pending sale, the Palisades Center remains open and operational. Day-to-day management and leasing continue to be handled by Spinoso Real Estate Group, a national firm specializing in the operation and stabilization of large retail properties during periods of transition.

Possible Bidders

Foreclosure auctions of this scale typically attract institutional investors, debt holders, hedge funds, and private equity firms. While Spinoso Real Estate Group is primarily known as an operator rather than an owner, management firms sometimes remain in place following a sale to ensure continuity of operations.

Importance to Rockland County

The Palisades Center plays a significant role in Rockland County’s economy, contributing property taxes, sales tax revenue, and employment that support local government services, schools, and infrastructure, particularly in the Town of Clarkstown.

What Comes Next

Following the auction, the sale must still undergo court confirmation and post-sale procedures. During that period, the mall is expected to continue operating under existing management.

Rockland Post will continue to report on developments surrounding the auction and its impact on the community.