News
Roseview View
July 12, 2012
 |
| Frankly, there are the top tier cities and then there's everyone else. In the past 12 months, the values in the “haves” are up 10% to 15%, according to Roseview Group CEO Vince Costantini (center), with partners Matt Dwyer and Stephen Corridan. Vince manages the private real estate investment and advisory firm, which invested in the $350M Longwood Center in the medical area and advised the developer of the $175M Kensington multifamily tower downtown; both projects are now under construction. |
 |
| With colleagues like partner Ken Witkin and directors Jay Valenta and Duo Neill, Vince says that Roseview advised nine of the nation’s top 20 banks during the downturn, including Atlanta-based SunTrust. Since ’10, the firm has helped them manage, reposition, re-entitle and/or dispose of $2.5B in mostly East Coast properties. |
 |
| COO Josh Anderson was a key advisor for Kensington Tower. In life sciences, new lab projects like Longwood Center are still difficult to finance and expensive to develop (perhaps $1,000/SF, compared to offices at $275/SF), he tells us. To secure financing for a project that costs more than $100M without an anchor tenant is nearly impossible. (But sounds like a great Rudy-esque movie plot.) |
