Queensbury Aviation Mall Heads to Auction After Default
Auction Details and Loan Default The forthcoming auction of Queensbury's Aviation Mall marks a pivotal moment prompted by a series of financial setbacks. Scheduled for September 10, 2025, at 11 a.m., the auction takes place at the county offices on State Route 9. With the U.S. housing market nearing disaster , the timing couldn't be more critical, as fluctuations in property values could impact the auction outcome. This legal proceeding follows a loan default by Pyramid, initially borrowing against the property in 2010. The auction process, resulting from foreclosure, is structured to recover the owed funds. Pyramid Management's financial distress has led them to default not only on the Aviation Mall mortgage but on other properties as well, exacerbating their challenges. Potential bidders are closely monitoring the property. Interests are carefully attuned to the mall's strategic location and regional economic significance. Competitive bidding is anticipated, given Wa...