Industrial

Empire State Development also reported on Wednesday that it was providing an additional $18 million in incentives for the project, bringing the state's total commitment to more than $25 million for the venture.

The Brookwood Business Center traded for approximately $40 million, according to public records. Brookwood Financial acquired the former Billerica Business Center in 2010 for $15 million in foreclosure proceedings.

Brokers are more likely than investors to predict that investment sales activity will increase for industrial, according to a Real Capital Markets/SIOR study.

Total returns for the NCREIF Property Index have been fairly consistent over the past five quarters, although annual returns are below the five-year average.

With e-commerce bringing so many changes to retail, one Chicago-area firm believes it's a good idea to get a foothold in the quickly expanding distribution sector.

Port 10 Logistics Center embodies a growing trend in the industrial market toward class-A big-box warehouse space well-suited for distribution, with seven warehouse facilities slated to be delivered in 2017.

A roundup of recent deals, leases, executive moves, and other news from the past week.

For Mapletree Industrial Trust, the 14-property portfolio acquisition represents its first venture into US commercial property.