Rockrose Takes Over NoMad Office Building in $145M Deal
Rockrose Development is doubling down on the city’s office market with the takeover of a NoMad building that it plans to combine with a neighboring property. Rockrose’s Ted Traum said the acquisition signals the company’s “tremendous confidence” in the health of the city and the future of the office market, even as vacancy rates remain high and companies delay bringing their employees back to the office.