Rockrose

Rockrose Development Corp. appears to be selling an New York University dorm at 15 Cliff Street in lower Manhattan for over $60 million, financing firm Meridian Capital Group announced today. Meridian secured a $61 million loan for Lalezarian Properties to buy the property.

Maybe the 31-story building has some unconventional dorm rooms: the press release on the sale called the property a “luxury rental building.”

According to NYU’s student paper, the Washington Square News, Rockrose wanted to convert the property to condominiums, kicking out NYU for the current academic year. This past winter, Rockrose reconsidered, and now, it seems, has chosen a different path.

We've put out a call to Rockrose, but haven't yet heard back.

Press release after the jump.  read more »

Rockrose Development Corp.’s big $228 million buy of 230 Park Avenue South came through on city records today.

Maybe the brothers Tom, Fred and Henry Elghanayan, who own Rockrose, wanted a deal close to home: the 13-story office building sits just four blocks south of Rockrose's offices at 290 Park Avenue South.  read more »