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In order to recruit and retain workers, industrial may need amenities similar to offices.

Hammon tells Globest.com that it is currently vying for several possible acquisitions. In addition, the new Related division is exploring possible purchases in Florida and Atlanta.

The lack of affordable housing options continues to drive working Americans out of the cities, and even out of a home as new residential construction is too little and too pricey to fill the demand gap.

The company is making $50 million available to Ashford Hospitality Trust that can support up to $500 million in acquisitions.

With Baby Boomers' retirement prospects in a shambles, they will likely stay on the job longer, limiting advancement opportunities for generations coming up behind them.

“The acquisition does highlight the fact that sometimes you acquire assets on Wall Street more efficiently than on Main Street.”

Some $2.5 billion in commitments from public pension funds and other institutional investors are expected.

Demand for last-mile industrial space is exploding, thanks in large part to ecommerce giant Amazon's growing need for fulfillment and distribution space. Here's why that might be a good thing for urban and suburban markets.