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Rockrose Purchase Values Nomad Offices at $235M

11 East 26th Street with Henry and Justin Elghanayan (Google Maps, Getty) UPDATE, April 30 2021, 11:25 a.m.: At least one developer is looking at the office market through rose-colored glasses. Rockrose Development purchased a 14 percent interest in a 218,000-square-foot office building at 11 East 26th Street in Nomad for $32.9 million. The investment values the pre-war building at $235 million, down only slightly from its pre-pandemic valuation of $246 million. The purchase gives Rockrose a 42...
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