An investment group has obtained the necessary financing to break ground on a $400 million office and industrial development in Williamsburg, marking the latest big bet on Brooklyn’s growing popularity as a workplace. The venture led by Rubenstein Partners LP cut a deal with Wells Fargo Bank and Natixis Real Estate Capital LLC for a $197 million construction loan for the 500,000-square-foot project at 25 Kent Ave.
http://www.wsj.com/articles/developers-bet-big-on-brooklyn-office-demand-1472431773