Published On:
Mon, Jul 20th, 2015
Activist investor Daniel Loeb buys a stake in hot neighborhood office building
The hedge-fund manager, along with the real estate firm Brickman, will revamp a 150, 000-square-foot former warehouse.
Photo CoStar Group Inc
Hedge-fund heavyweight Daniel Loeb is betting on the Long Island City office market.
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
Read more about: 30-02 48th Ave. Long Island City, Brickman, Brickman Holdings Ltd, Business/Finance, Daniel Loeb, Long Island City, Real-EstateAbout the Author
