From the July issue: In 1970, Houchang “Henry” Elghanayan, then about 30 years old, founded
a real estate company along with his younger brother Thomas, and was
joined later by brother Frederick. The trio named their business the
Rockrose Corporation, after Rockrose Place, the street they grew up on
in Forest Hills, Queens. Over its 39-year history, Rockrose built itself into one of the
biggest residential success stories in New York real estate. The
company has 20 residential apartment buildings in New York City, mostly
rental buildings, which include more than 5,000 units. In addition,
Rockrose has five commercial office buildings in New York and six in
Washington, D.C.
Now, after nearly 40 years together, the three Elghanayan brothers
are about to formally split up the powerful real estate empire they
created. [more]