Photo CoStar Group Inc
Hedge-fund heavyweight Daniel Loeb is betting on the Long Island City office market.
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Mr. Loeb has purchased a stake in 30-02 48th Ave., a 150, 000-square-foot former warehouse property in the Queens neighborhood. He has partnered with the real estate firm Brickman, which bought the building two years ago for $21 million, according to city records. The pair have plans to spend millions of dollars to refurbish the three-story building with a new lobby, elevators and other amenities, such as a roof deck… READ MORE
Crain’s new york, by Daniel Geiger
