Rose bids Bellmarc goodbye

TRD New York /
Aug.August 07, 2008 02:26 PM

 
Rose Associates has dissolved its long-standing relationship with Bellmarc Realty, which has handled apartment sales for the family-run company for nearly two decades.

Bob Scaglion, managing director of residential marketing at Rose, said the company is now beefing up its own sales division and handling its transactions in-house.

Scaglion said the companies had been working together for 16 years and that the amicable break came about two months ago. He said the two companies had a good relationship, but that Rose now has sales expertise internally and doesn’t need to farm out the services. 

Bellmarc was first hired when Rose acquired a portfolio of sponsor co-ops and it did not have an in-house team to sell them. Scaglion said the company sold “a couple dozen” of Rose units last year.

Meanwhile, Scaglion said Rose’s sales division has already started taking on outside clients.

Rose was recently hired to handle sales for the Jack Parker Corporation’s New York City sponsor portfolio, which includes 200 sponsor apartments in seven Manhattan buildings. Those buildings include: 444 East 86th Street, 520 East 72nd Street, 305 East 40th Street, 225 East 36th Street, 305 East 24th Street, 10 West 15th Street and Three Sheridan Square.

Rose will also handle 400 sponsor apartments in 12 various Rose-sponsored conversions. Scaglion declined to say whether the company has deals with more firms to handle their sales.

Janice Silver, executive vice president of Bellmarc Realty and sales manager for the East Side office, said: “I enjoyed my long relationship with the Rose family and all the members of their firm during the 16 years I acted as their exclusive broker.” TRD


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Cristiano Moura (Credit: Christie’s Real Estate and iStock)

Viral Instagram post leads to arrest, assault charge for former Christie’s agent

Amazon CEO Jeff Bezos and Hudson Yards (Credit: Getty Images and Wikipedia)

Amazon takes big new office space near Hudson Yards

A&E Real Estate Holdings principal Douglas Eisenberg and the properties (Credit: The Rego Park 18 Portfolio)

Deutsche Bank provided A&E $97M in financing for big Rego Park buy

Billy Macklowe and Key Food at 120 Fifth Avenue in Brooklyn (Credit: Getty Images and Google Maps)

Billy Macklowe looking to break into Brooklyn

From left: Daniel Shirazi, and Robert Khodadadian, with 530 West 25th Street

Feil Organization buys Chelsea office building for $72M

arrow_forward_ios