Two Trees secures $135M refi for 20 Jay Street in Dumbo

Two Trees Management secured a $135 million loan from M&T Bank to refinance its Dumbo office property at 20 Jay Street. The new financing replaces a $75 million mortgage provided by the New York Community Bank in 2012, the Commercial Observer reported, citing property records. The 14-story, 443,000-square-foot office building is home to companies such […]

Here’s what Brooklyn’s multifamily players fear most

From left: TerraCRG’s Adam Hess, Heller Realty’s Josh Heller, Akelius’ Kunal Chothani, Novel Property Group’s Andrew Miller, M&T Bank’s Matthew Petrula and Flushing Bank’s Frank Korzekwinski (credit: TerraCRG) The Brooklyn real estate market has several bogeymen, and on Wednesday, some of the borough’s leading multifamily investors and lenders discussed the ones that trouble them most. […]