Maximus Real Estate Partners, known for its controversial Monster in the Mission project, is facing significant setbacks as its founder, Robert Rosania, contends with loan defaults on two prominent Bay Area properties. The company recently lost Parkmerced Apartments to receivership and The Cove at Tiburon to loan default. Concurrently, Rosania is being sued for sexual assault, with allegations involving drug use and inappropriate behavior towards his former executive assistant. The controversy signals a troubling chapter for a developer once prominent in San Francisco's luxury real estate market, as his ambitious projects face legal and financial turmoil.
Robert Rosania, founder of Maximus Real Estate Partners, is facing a lawsuit over allegations of drug use and sexual misconduct amidst significant loan defaults on his properties.
Affannato's lawsuit against Rosania suggests an alarming work environment involving drug-fueled outbursts and inappropriate behavior, raising serious concerns about corporate culture in real estate.
Despite its ambitious plans, the Monster in the Mission project never gained approval, ultimately leading to a new proposal for an all-affordable housing complex after the land was sold to the city.
Rosania's legal troubles and financial defaults mark a dramatic fall for a real estate figure once renowned for his luxury developments and charismatic brand.
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