More distressed real estate means more hiring for Rose Associates

alternate textBob Scaglion, senior managing director with Rose Associates

Spurred by its new assignments at two high-profile Manhattan rental complexes, Rose Associates has increased its leasing and managing staff by nearly 15 percent, taking on between 16 and 18 new hires. Rose recently grabbed headlines after being brought on by special servicer CWCaptial at Stuyvesant Town and Riverton Houses, both of which were hit hard by the downturn but are looking to restructure. (Rose, which was founded as a development company, offers a range of services, from marketing to building management.)

Sign Up for the undefined Newsletter

Bob Scaglion, senior managing director at Rose, said his company also has plenty of nondistressed work keeping it busy. It is working with some of the city’s most hotly anticipated — and scandal-free — buildings. “We’ve just recently opened up a number of new projects,” Scaglion said, including the Corner at 200 West 72nd Street, the Aire at 200 West 67th Street and 34 Berry Street in Williamsburg (see “In Williamsburg, a ripened Berry”).

Despite the uncertain market, Scaglion is upbeat about Rose taking on more employees. “I think it’s a normal growth for Rose … slow and steady,” Scaglion said.