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

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.


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

12/19/16
It’s not until a project is almost entirely constructed that we can really envision a new building, complex or tower’s place in the neighborhood. A...

12/16/16
Mayor Bill de Blasio’s campaign was fined $47,778 Thursday amid allegations it spent public campaign funds on plane tickets for his son, a makeup artist...

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

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

11/17/16
Stephen Levin and Jumaane Williams New York City’s biggest housing subsidy may finally get more scrutiny just as state lawmakers are about to consider a...

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

10/24/16
...its subsidiary 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...

09/19/16
A veteran of city- and state-run development corporations will soon be taking the helm of the Downtown Brooklyn Partnership. Regina Myer, who has served as...

09/12/16
The many millions of people who have marveled at Grand Central Terminal’s architectural majesty, and the many more who have passed through the building’s main concourse...

09/01/16
Some deep-pocketed early supporters of a streetcar along the Brooklyn and Queens waterfront offered to pay for part of the ticket. But City Hall declined...

08/30/16
Fort Greene’s sudden logjam of luxury rentals could cut into profits for some of the borough’s top rental developers, ending a price run that’s lasted years. Tags: david schwartz,...

08/22/16
...indicating repeat bets on neighborhoods. Firms like Forest City Ratner, Two Trees Management and Spitzer Enterprises, for example, also spent big on these...

08/11/16
When it comes to iconic skylines, Manhattan’s cup runneth over thanks to the likes of the Chrysler Building, Empire State Building, Bank of America Tower...

08/01/16
From the back, from left to right: Steve Roth, Larry Silverstein, MaryAnne Gilmartin and Stephen Ross; the front, from left to right: Tucker Reed...

07/25/16
The Downtown Brooklyn Partnership has begun its search for a replacement president as Tucker Reed prepares to leave early next month. Tags: Downtown Brooklyn Partnership...

07/21/16
...Lane, a new mansion being marketed by Brown Harris Stevens. Two Trees Management...

07/07/16
New York’s Campaign Finance Board on Wednesday announced that mayor Bill de Blasio’s nonprofit, which collected millions in donations from developers, didn’t violate its rules. But the...

06/16/16
Paradigm Talent Agency, the firm that represents Hollywood stars like Adrien Brody and Antonio Banderas, is relocating from Midtown South to Union Investment Real Estate’s...

06/15/16
The president of the Downtown Brooklyn Partnership, Tucker Reed, is set to step down from his position in August. ...

06/02/16
Forget rooftop lap pools and doggy spas: The hottest new amenity in New York City buildings is public school. Tags: Downtown Brooklyn ...

05/02/16
...community facility. Wang operates the Flushing condominium developer Gleam Realty. 4.) Two Trees Management paid $15.7 million for a vacant development site in South Williamsburg...

05/01/16
UPDATE: 10:30 a.m., May 2: That’s forked! Construction workers at a luxury condo project in Williamsburg are accused of lifting an SUV off the street...

04/19/16
Updated: April 19, 11:46 a.m.: The city’s developers had an action-packed 2015, but it was their contractors who did the actual building. The Real Deal...
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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 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
  • Publication Date 12/01/2016
  • Event Date 10/15/2016
  • Party 1 Two Trees Management
  • Party 2 Vice Media
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
  • Publication Date 11/01/2016
  • Event Date 09/15/2016
  • Party 1 Two Trees Management
  • Party 2 M&T Bank
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
notes
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  • Event Office Leasing
  • Address 50 West 23rd Street
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 43,600
  • Price per foot $ 72.00
notes
[EMPTY]
  • 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.
  • Event Office Leasing
  • Address 20 Jay Street
  • Neighborhood DUMBO
  • Borough Brooklyn
  • Square feet 1,486
notes
The e-commerce company signed a lease.
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The 337,000-square-foot office building at 55 Washington Street in Brooklyn is one of...
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The 475,000-square-foot office building at 45 Main Street in Brooklyn is one of...
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Two Trees Management
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Cobble Hill Mews is a five-story, 32-unit apartment building at 200 Atlantic Avenue...
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...
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