The standalone REIT, Industrial Logistics Properties Trust, will initially own more than 260 mostly single-tenant properties contributed by parent company Select Income REIT.

The spin-off will enable “separating financing approaches” for what currently are two investment strategies under one roof, Spirit Realty Capital's Jackson Hsieh said in August.

“This year, and next year, are going to be banner years for supply growth,” says Victor Calanog, chief economist with Reis.

However, the National Association of Realtors' Lawrence Yun says sales are still below year-ago levels due mainly to limited inventory.

Submarkets such as East Cambridge may command the widest rent premiums, but there are opportunities for office landlords in adjacent neighborhoods as tech firms expand, says CBRE.

The veteran of four decades in the banking business leads Capital One's commercial real estate activities, including financial services to the development and investment activity.

The major unknown in the forecast for net absorption in office space for 2018 is what will happen with tax reform and other national policy initiatives, says the NAIOP Research Foundation.

Amy Klein Aznar, who heads debt investments and special situations for LaSalle Investment Management, says the new fund has already completed several transactions this year.