Monday, August 27, 2012

ROSE ASSOCIATES OUSTED FROM MAJOR DEVELOPMENT!!

Well, it appears that it is possible to get rid of Rose Associates.
http://stuytownreport.blogspot.com/2012/08/rose-associates-exits-cw-to-take-over.html
INTERESTING NAME OF OWNER THERE - ROCKWOOD - OUR OWNER?
===================================
"About CW Financial Services
CW Financial Services (CW) is a unique, vertically integrated commercial real estate finance and investment management company focused on multifamily and healthcare lending, primary servicing, special servicing, investment management, and research and consulting services. CW is operated through four subsidiaries:
CWCapital LLC (Lending and Primary Servicing)
CWCapital Asset Management LLC (Special Servicing)
CWCapital Investments LLC (Investment Management and Consulting)
Rockwood Real Estate Advisors (Advisory and Transactional Services)

======
THE STUYVESANT TENANTS SAY THIS ABOUT ROSE:
=========
Rose was more than a middleman stuck between a rock and a hard place. In my opinion, they were the architects of many of the various failed strategies or enthusiastically pushed the limits of the failed Tishman Speyer stuff. The fact is that Rose sought the property management responsibility and, after almost two years, it is quite clear that they did not have the competence to deal with the issues and the tasks at hand. But, as with TS, thats what you get when the boss rises to the top mostly because he was born into it.

Remember also that Rose shares responsibility with TS for the fire door violations, for the use of tenant photos for marketing purposes without their written permission in violation of the law, for the failed effort to dump all of the items in storage rooms and for the failure to see that Security enforced the dog rules, etc., etc.===============



2 comments:

  1. There's more about Rose's departure here:

    http://escapestuytown.wordpress.com/2012/08/28/compassrock-real-estate-to-manage-stuy-town/

    ReplyDelete
  2. Two of the Compassrock places are in this neighborhood - sort of.
    57 Wadsworth Terrace, New York, NY 10040 - a 5 floor walk up?!
    Not a very nice section. I would not want to walk there alone at night for sure.
    Piles of trash outside.

    ReplyDelete