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NEW ROCHELLE, NY-A venture of Brause Realty Inc. and ABS Partners Real Estate LLC has purchased a 53,000-square-foot structure at 587-599 Main St. from G & G Properties LLC for nearly $2.6 million. The building was turned into the Palladium nightclub from a movie theater.

The buyers have plans to improve the building and lease it to office and retail tenants. However, the venture may develop apartments on the 0.77-acre site when the economy grows. Andrew Buzzi Jr. represented the seller. For the full story, go to Wall Street Journal .

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