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RE Rumor Mill: BLDG Management, Extell, 3 WTC

By Kaitlin Ugolik (March 17, 2014, 8:08 PM EDT) -- Entities connected to BLDG Management Co. Inc. have sold a 322,390-square-foot industrial building in Queens for $60 million, The Real Deal reported. The deal, in which the the BLDG entities sold the property to Brickman Group, took place about one year after the entities reportedly purchased the building for $40.7 million. The building is located at 47-25 34th St. in Long Island City, and rents range from $13 to $19 per square foot, according to CoStar Group. The deal comes as real estate values in Long Island City have been on the rise in recent months....

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