Two Trees Management | The Real Deal New York

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Two Trees Management

45 Main Street, Suite 602
Brooklyn, NY 11201
(718) 222-2500
Website
contact@twotreesny.com

Two Trees Management is a family-owned real estate development firm founded in 1968 by David Walentas and the late Jeff Byers. The firm is synonymous with Dumbo in Brooklyn, an erstwhile derelict industrial hub that Walentas redeveloped into a home and playground for wealthy and creative New Yorkers. As of September 2015, David's son Jed Walentas ran the firm's day-to-day operations. Two Trees has owned, managed, and developed a portfolio worth $3 billion, including more than 6,000 apartments and over 3 million square feet of office and retail space. Beginning in 1978, David Walentas started buying up property in the gritty area between the Manhattan and Brooklyn Bridges, amassing 13 buildings, including the Clock Tower Building. He then refurbished the buildings to house condominiums, rentals, artist lofts and retail nooks for up-and-coming designers. Two Trees initially kept rental prices depressed to ensure an arty, edgy mix of tenants.


04/14/17
...Douglas Durst When Two Trees Management chief Jed Walentas began leasing up 300 Ashland amid a slumping rental market, he eschewed...

04/01/17
...and collector Lio Malca, who worked with developer Two Trees Management for more than four years to make the deal happen. Lio Malca with Sara...

03/23/17
...move to Dumbo, inking a 50,000-square-foot lease with Two Trees Management’s 45 Main Street.   -- Miriam Hall...

03/17/17
...can make a world of difference. That's what Two Trees Management is hoping, at least. The company has formed what it is calling a “partnership...

03/06/17
...Main Street in Dumbo (Credit: Getty Images and Two Trees Management) Bjarke Ingels’ architecture firm is relocating from Lower Manhattan to Dumbo, the Brooklyn neighborhood...

02/03/17
...Main Street in Dumbo (Credit: Getty Images and Two Trees Management) Bjarke Ingels' firm BIG is getting even bigger -- and that might mean a...

02/01/17
...Walentas and 125 Court Street A new lawsuit accuses Two Trees Management of cheating stabilized tenants out of $10 million in rent at its Downtown Brooklyn property...

01/25/17
...Place in Fort Greene (Credit: Brookfield Properties and Two Trees Management) With nearly 10,000 new apartments heading for Fort Greene and Greenpoint, the neighborhoods’ shopping streets...

01/20/17
...Ashland Place in Fort Greene (Two Trees Management) As part of its effort to shake its "whole paycheck" stigma, Whole Foods Market...

01/18/17
...for One New York collected large donations from Two Trees Management...

01/02/17
...the Brooklyn Queens Connector) UPDATED, Jan. 3, 11:06 a.m.: Two Trees Management and an advocacy group backed by real estate interests are involved in regular phone...

12/19/16
...firm’s Domino Sugar Factory redevelopment in Williamsburg, Two Trees Management produced a slew of new renderings for the project’s 380,000-square-foot office building. While...

12/16/16
...Prominent real estate donors included Jed Walentas of Two Trees Management and David von Sprecklesen of Toll Brothers City Living.   -- E.B. Solomont...

12/09/16
...a "dedicated employee and friend." The project's developer, Two Trees Management, said all work at the site has halted, and the cause of the accident...

11/29/16
...Realty, RXR Realty, JLL, CBRE, Cushman & Wakefield, Two Trees Management and the Durst Organization. But despite the obvious advantages of the merger, it also...

11/17/16
...in both low-income and market-rate apartments. The owner, Two Trees Management, said at the time that it had refunded all overcharges and corrected the problems...

11/02/16
...next Brooklyn store location – at the base of Two Trees Management’s new 32-story mixed-use tower 300 Ashland in Fort Greene. The tech giant inked a...

10/28/16
...pong tables and kegs? So 2013! Jed Walentas of Two Trees Management is wooing prospective tenants for the revamped Domino Sugar Refinery with the possibility of...

10/24/16
...take a combined 74,000 square feet of space in Two Trees Management...

09/20/16
...Jay Street in Dumbo Two Trees Management secured a $135 million loan from M&T Bank to refinance its Dumbo office...

09/19/16
...previously worked as a special projects director at Two Trees Management . Myer is set to take over in November...

09/12/16
...Development's 70 Charlton Street, Daniel Straus' Whitney Townhouses and Two Trees Management...

09/01/16
...Steiner, Jordan Barowitz of the Durst Organization and Two Trees Management...

08/30/16
...lease. The Gotham Organization’s 250 Ashland Place and Two Trees Management’s 300 Ashland Place have similar promotions in place. Extell Development’s Gary Barnett, who...

08/22/16
...bets on neighborhoods. Firms like Forest City Ratner, Two Trees Management and Spitzer Enterprises, for example, also spent big on these neighborhoods, but made fewer...
Two Trees Management, Principal
45 Main Street, Suite 602, New York, NY, 718.222.2500
Jed Walentas has, since joining it in 1997, gradually come to run the...
Two Trees Management, Founder and Principal
45 Main Street, #602, Brooklyn, NY, (718)-222-2500
David Walentas is the co-founder, with the late Jeff Byers, of Two Trees...
  • Event Office Leasing
  • Address 300 Ashland Place
  • Neighborhood Fort Greene
  • Borough Brooklyn
  • Square feet 43,000
notes
The high-end, organic grocery retail chain signed its first 365 lease in the tri-state area.
  • Event Retail Leasing
  • Address 300 Ashland
  • Neighborhood Fort Greene
  • Borough Brooklyn
  • Square feet 12,000
  • Publication Date 12/01/2016
  • Event Date 10/15/2016
  • Party 1 Two Trees Management
  • Party 2 Apple
  • Party 2 Brokerage Crown Retail Services
  • Party 2 Broker Christopher DeCrosta
notes
The technology firm signed a 10-year lease on the ground floor.
  • Event Office Leasing
  • Address 55 Washington Street
  • Neighborhood Downtown Brooklyn
  • Borough Brooklyn
  • Square feet 74,000
notes
The millennial-focused bad-boy media company signed a lease.
  • Event Financing
  • Address 20 Jay Street
  • Neighborhood Downtown Brooklyn
  • Borough Brooklyn
  • Price $ 135,000,000
notes
The company secured a $135 million loan.
  • Event Office Leasing
  • Address 55 Washington Street
  • Neighborhood Downtown Brooklyn
  • Borough Brooklyn
  • Square feet 54,875
notes
The educational company signed a lease.
  • Event Retail Leasing
  • Address 81 Washington Street
  • Neighborhood Downtown Brooklyn
  • Borough Brooklyn
  • Square feet 2,526
notes
The american café restaurant signed a lease.
  • Event Office Leasing
  • Address 50 West 23rd Street
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 70,000
notes
The workplace training startup signed a 10 year lease for the entire 5th, 6th, and 12th floors.
  • Event Office Leasing
  • Address 50 West 23rd Street
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 31,000
notes
The cloud-computing company signed a five-year lease.
  • Event Retail Leasing
  • Address 55 Washington Street
  • Neighborhood Dumbo
  • Borough Brooklyn
  • Square feet 22,000
notes
The upscale gym signed a lease.
  • Event Sales
  • Address 286 Clinton Avenue
  • Neighborhood Clinton Hill
  • Borough Brooklyn
  • Square feet 19,000
  • Price $ 8,150,000
  • Price per foot $ 428.95
  • Event Office Leasing
  • Address 50 West 23rd Street
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 43,600
  • Price per foot $ 72.00
  • Event Office Leasing
  • Address 20 Jay Street
  • Neighborhood DUMBO
  • Borough Brooklyn
  • Square feet 2,254
notes
The tenant signed a lease.
  • Event Office Leasing
  • Address 45 Main Street
  • Neighborhood DUMBO
  • Borough Brooklyn
  • Square feet 25,000
notes
The digital marketing firm signed a five-year expansion lease.
  • Event Retail Leasing
  • Address 50 West 23rd Street
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 5,523
notes
The electronics retailer signed a 10.5-year lease. The reported asking rent was $250 per square foot.
  • Event Retail Leasing
  • Address 550 West 54th Street
  • Neighborhood Clinton
  • Borough Manhattan
  • Square feet 5,000
  • Publication Date 08/01/2013
  • Event Date 06/22/2013
  • Party 1 Two Trees Management
  • Party 1 Brokerage In-house
  • Party 2 MH Supermarket Corporation
notes
The supermarket signed a lease at the Mercedes House luxury rental building, the New York Observer reported. The asking rent was $60 per square foot, according to the publication.
  • Event Sales
  • Address 555 West 53rd Street
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 170,000,000
notes
The 162 apartments at the new development Mercedes House sold for $170 million, the Wall Street Journal reported. The property has 874 units in total.
  • Event Office Leasing
  • Address 45 Main Street
  • Borough Manhattan
  • Square feet 2,600
notes
The gaming company signed a lease.
  • Event Office Leasing
  • Address 50 West 23rd Street
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 9,040
notes
The technology company signed a five-year lease with a five-year option on the 11th floor. The tenant will occupy a temporary space on the fifth floor until its new office is ready.
  • Event Financing
  • Address 555 West 53rd Street
  • Neighborhood Clinton
  • Borough Manhattan
notes
Two construction loans totaling $229 million was provided for the financing of the second phase of development at Mercedes House. The first phase opened for occupancy in May. A team led by John McCarthy of law firm Morrison & Foerster represented the lenders on the deal. 850-unit apartment building.
  • Event Office Leasing
  • Address 55 Washington Street
  • Neighborhood DUMBO
  • Borough Brooklyn
  • Square feet 910
  • Publication Date 02/01/2012
  • Event Date 12/18/2011
  • Party 1 Two Trees Management
  • Party 1 Broker Elizabeth Bueno
  • Party 2 Constellation Holdings
notes
The online movie theater company signed a lease.
  • Event Retail Leasing
  • Address 57 Front Street
  • Neighborhood DUMBO
  • Borough Brooklyn
  • Square feet 1,253
notes
The nail salon and spa signed a lease.
  • Event Office Leasing
  • Address 45 Main Street
  • Neighborhood DUMBO
  • Borough Brooklyn
  • Square feet 1,135
notes
The graphic design and computer programming company signed a lease.
  • Event Office Leasing
  • Address 45 Main Street
  • Neighborhood DUMBO
  • Borough Brooklyn
  • Square feet 269
  • Publication Date 11/01/2011
  • Event Date 09/17/2011
  • Party 1 Two Trees Management
  • Party 1 Broker Elizabeth Bueno
  • Party 2 Unfinished Side Productions Inc.
notes
The music publicity and production firm signed a lease.
  • Event Office Leasing
  • Address 20 Jay Street
  • Neighborhood DUMBO
  • Borough Brooklyn
  • Square feet 2,345
notes
The mobile software consultancy signed a lease.
  • Event Office Leasing
  • Address 20 Jay Street
  • Neighborhood DUMBO
  • Borough Brooklyn
  • Square feet 1,750
  • Publication Date 11/01/2011
  • Event Date 09/17/2011
  • Party 1 Two Trees Management
  • Party 1 Broker Elizabeth Bueno
  • Party 2 Type/Code LLC
notes
The interactive design company signed a lease.
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When it opened in 1882, the Domino Sugar refinery on the Williamsburg, Brooklyn,...

...and condo units. Meanwhile, David and Jed Walentas’ Two Trees Management, the developers behind the $1.5 billion redevelopment of the old Domino Sugar refinery in Williamsburg...

...Mercedes House, Invesco Real Estate’s portion of Two Trees Management’s zig-zag building in Hell’s Kitchen, and the sister building on 29th Street...

...David and Jed Walentas of Two Trees Management are the busiest developers in Brooklyn All the talk about a second wave of...

...owned by developer David Walentas of the Dumbo-based Two Trees Management Company, is an open listing that first went on the market in June 2010 asking...

...market one-off trophy properties in their projects, as Two Trees Management did with the penthouse in the Clocktower Building in Dumbo. “It’s extremely helpful...

...went into contract. David Walentas, the founder of Two Trees Management Company credited with transforming Dumbo into a success story over the past three decades...

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