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Brooklyn Real Estate Trends Hit Spotlight

BROOKLYN, NY-Panel talks at this quarter's first Brooklyn Real Estate Roundtable highlight financing, current developments and general trends in the borough.

By Casey Freeman | Updated on February 06, 2008

[IMGCAP(1)]BROOKLYN, NY-About 100 people skipped the Giants’ celebratory parade and Super Tuesday events to attend this quarter’s first Brooklyn Real Estate Roundtable, where everything from commercial to residential topics including financing and popular trends were on the table for discussion. The recent round of rate cuts from the Federal Reserve brought questions and interest from attendees at the Brooklyn Historical Society networking event.

[IMGCAP(2)]“This just shows that we don’t need to schlep to Midtown Manhattan to talk about real estate,” said David Kramer, principal of Hudson Cos. Inc. and member of the roundtable’s Steering Committee at the event. “I think today highlighted all the things going on in Brooklyn: the Navy Yard, new condos in Prospect Heights and exciting office renovations on Court Street.”

Gregg Winter, president of Winter and Co., said that “the market isn’t dead. I was looking for much worse numbers.” Winter said his firm is active with construction financing and bigger companies are still getting money, but mediocre and smaller companies are having a harder time.

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