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The draft plan calls for the Gowanus Canal to become the centerpiece of a “green, resilient neighborhood” with new, sustainable, mixed-use development boasting more than six acres of new open space and parks.
Prospect Ridge Advisors will be led co-chief investment officers Brahm Cramer and Jay Nydick. Both Cramer and Nydick were most recently partners at AllianceBernstein and founded its US Real Estate Investments group in 2009 and its Commercial Real Estate Debt Group in 2013.
IDI Logistics, in its 30-years of operation, has developed more than 100 world-class business parks and 750 warehouses totaling more than 200 million square feet throughout North America.
A breakdown by location showed that Northern Virginia lost $32.8 million in lost or delayed revenue per day, primarily driven by the Department of Homeland Security (36% share) and Department of State (17% share).
The yet-to-be-named organization will be housed at the WCA's current headquarters at 1133 Westchester Ave. in White Plains and will have regional offices in other Hudson Valley locations.
The Edmonton, Canada-based firm inked a lease for 46,668 square feet of space at the building owned by Nordblom Co. and institutional investors advised by J.P. Morgan Asset Management.
The company had reported the sale of the 38 properties was valued at an aggregate purchase price of $385.0 million. The amended portfolio sale of 28 properties is now valued at approximately $282.5 million.